Originally Posted by
goaround2000
From the article:
I think this will be the most likely scenario. Again, it's just an opinion on my part, but CAL is in a much better financial position than UA, why would they merge with a company with such level of liability, when they can just as easily wait 'til UA goes into chapter 11 protection and align their cost structure with CAL?
Because BK has some minimum level of oversight and regulation. A merger is all the more better to line ones pockets and satisfy management avarice.
Scoop