How so?

The fact is the BK was due in part to many variables, most of which however were related to the general slowdown in the economy COMBINED with rising fuel costs. I mean, you are aware that the only other two reputable ACMI's flying today (World, and Atlas) have both been in BK as well, right?... just because Gemini was able to ride out a bit longer (Atlas was in 2003, and World in 1999), that doesn't make Gemini's BK unrelated to this downturn. DAL also delayed their BK as long as possible, but their BK was nevertheless set into motion by the chain of evens subsequent to the 9/11 slowdown.. In the case of WLDA (World) they filed during a time when ACMI was indeed booming.

Bottom line, Cargo360 is coming into a good time, with Gemini having had one of their best years in 2005-6, so they've experienced no hardship, and have not been saddled with debt and economic hardships, yet they still appear to be heading down the Centurion bottom dweller road in terms of pilot pay/work rules..