RJET down by -50% today?
07-30-2015 | 06:52 AM
#221
Line Holder
Joined: Jul 2008
Posts: 919
Likes: 27
Unless they pull down flying SO drastically that they are defaulting on aircraft payments, then there is nothing to see here.
The company still has positive cash flow and therefore, bankruptcy doesn't make sense.
07-30-2015 | 07:08 AM
#222
Gets Weekends Off
Joined: Oct 2014
Posts: 138
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How much did AMR have in the bank when they declared? 5 billion? Bankruptcy seems to have morphed into a process of restructuring bad contracts instead of being the result of actually not having cash.
07-30-2015 | 07:56 AM
#224
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Joined: Jul 2008
Posts: 312
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From: ERJ-170 CA
This isn't about profitability. All the flying is profitable, but we don't have the staffing to keep all the planes in the air.
07-30-2015 | 08:07 AM
#226
Gets Weekends Off
Joined: Sep 2010
Posts: 2,648
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Hmmm, how quickly one forgets about American's financial status when they filed
07-30-2015 | 09:22 AM
#230
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Joined: Feb 2012
Posts: 4,601
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From: CRJ FO
This ^^^^ ...bankruptcy has nothing to do with profitability. It's a means of restructuring and cramming a concessionary contract down the pilot's throats. Not to mention shedding less profitable contracts for the sake of staffing more profitable ones.
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