ATLAS Declaring BK?
 

We have nearly dozen planes parked.

Stock price is down over 50%

Company refusing to negotiate with pilot group.

Exec MGMT all have parachutes and retention bonuses. Carrying a ton of debt.

No new hire classes this year.

We just signed a TA on DH travel that was industry leading. The reason- we will never see it anyway.

The Company is going to file BK gut the contract, trim the fat.

Furloughs start Jan 1.

Hmmm. Interesting. We’ll see how 4th quarter goes.

Hi Mom!

(just wanted to get in on the first page of this train wreck)

ALL of the fat in this outfit is at and above the VP level. That rarified air is occupied by the most greedy heartless and incompetent people in the industry.

You just cant declare BK when you want to. CEO's go to jail for that.

Got a name? Company? Court case?
That’s cool if true

I'm setting the Over/Under at 50 pages on this one...

Sad to say, but when I head about the DH TA, my first thought was it's too good to be true. There is no way they ever plan on making good on it.

This place is a train wreck. :mad:

https://www.chicagotribune.com/busin...418-story.html

Here’s one example of a CEO that stripped a company and tried to profit from the failure going to court. It isn’t criminal court, but at least there’s some repercussions.

https://finance.yahoo.com/news/atlas-air-worldwide-holdings-nasdaq-145658525.html

Help us. We’re poor.