Originally Posted by DAL4EVER

Carl,

With all due respect, while I can't comment on the Hawaiian Airline's situation or NWA's financial position in BK, DAL came dangerously close, and by that I recall it was measured in days not weeks or months of running out of operating cash and liquidating. The company was frightened of the pilots back then and the union had the inside knowledge of the precarious financial position of the company. We were at the abyss, stared at it, and it stared back at us.

I hate that we lost the pensions and others kept theirs. I hate that we had to take a second round of paycuts. But neither you, nor I, were at the table when this was going down. But those that I knew who were at the table painted a very, very bleak picture of what could have happened with certain creditors had we just "voted down" the TA to see what we could have gotten better. There may not have been enough time to see what was behind door number 2.