Quote:
Originally Posted by TED74
…or buying Hawaiian???
This always comes up but there is a reason it didn't happen back when consolidation was all the rage.
One really smart muckity muck I asked about it said they bring so little to the table beyond what we already do, but at the expense of one of the highest prorated debt levels around. At the time it was said their debt, if they were as big as us at the time, would have been in the 60B range. All for planes we already have (including one we are working to get rid of) and a couple HND slots all so we could have a hub in the low yield mileage redemption markets made it a solid no go.
I'd guess that now its even less of a possibility. With debt levels in the industry skyrocketing the last couple years and and it being a used widebody buyer's market anyway, there'd really be no point in taking on the debt in addition to the SLI/JCBA and DOJ/DOT issues.