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.

RJET down by -50% today?
 

...restructuring DEBT...which by definition remains serviced if the company is profitable.

Bankruptcy can happen if you're "insolvent", meaning liabilities exceed assets. It's possible that Republic could juggle their balance sheet to make that happen. Has nothing to do with "default", meaning you didn't pay your bills.

They would be putting all their contracts at risk, and the real issue is what would if give them?

It's not about "them" anymore. I'd say they're (management) along for the ride at this point. I think that either a creditor (United) or "partner" (United) might force their hand.

Again, all just speculation, and worth what you paid me for it.

And at the same time, all of the partners they fly for simply can not allow that feed to disappear quickly. The contracts will remain mostly intact I would think.

Yea, but they would be at cheaper rates, and depending on who it favored they would cut or lengthen the timeframe. If those 49 Horton jets are profitable for RAH, AA could easily cut it down to 2 years leaving plenty of time to prepare for the shift.

A company that generates revenue through contracts wouldn't file a phony BK. The creditors would have to much control of the future of the company.

Remain calm, we have everything under control.

The writing was on the wall when BB's house in Carmel went up for sale....


God Bless,

He had already built a new house in indy....