Originally Posted by acl65pilot

FtB;
I do not think anyone, ALPA, DALPA, DAL Management thought that the decline in the margins was a lasting thing. No one could have predicted 9-11 a few months after inking C2K, no one could predict that SWA would have won the lotto on fuel hedging when the rest of us were up to our eyeballs in debt and could not hedge, no one could have predicted that their hedging would have lasted until 2009, which allowed them to keep their wages up, and prices down. A lucky business decision that will probably never happen again allowed them to look a lot better than they really are. The legacies miscalculation of this caused many to mortgage their companies to weather what many thought was a passing storm and guessing wrong.

It is a compiling of issues, add it it internet ticketing and it is no wonder that many went in to CH 11 slashed contracts, and shed debt. SWA which mind you caused much of the prolonged suffering by a great hedge (good business decision) put the final nail in the legacies coffin. As much as we do not want to admit it, CH 11 reset that, and SWA exasperated it.