Originally Posted by
JABDIP
Slow, you are way off base here to try to throw stones on one airline or the other. All the man was trying to say was RJS are now flying to alot of old mainline cities that were profitable for years. It keeps on happening today. What do you want to do about it. Talkabout a company that almost went bankrup in 1993. That really addresses the issue.
You betcha. he company almost went BK in 93 was the direct result of a LBO baron named Chechi and gang. In 1990 NWA went overnight from a company that had ZERO long term debt to one whose future was leveraged by $4B.
Easier than buying a house. The LBO gang used $400,000 of their own money and used the assets of NWA to buy itself. Brilliant, except eventually it had to be paid back.
Just be glad Chechi and gang decided to buy NWA and not DAL. Or DAL would have been near BK in 93.