Kirby was WRONG!
01-03-2026 | 08:49 PM
#71
Perennial Reserve
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And that because of their far lower profits and higher debt and debt to equity ratio they are paying higher interest than their legacy competitors. If you hope to convince me that’s a GOOD thing, you are certainly free to try, but I gotta warn you - you got your work cut out for you.
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01-03-2026 | 09:54 PM
#72
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Joined: Jan 2023
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No pilot at United wants Spirit pilots to lose their jobs. At most, FORMER NKers came here to give insight on how it is on the other side.
You, however, chose to stay put at F9 in the best hiring environment in decades. Then you failed the interview at United (or maybe never interviewed at all cuz trolling is your thing?) so now you’re all butt hurt about it. Please spare us the misery
You, however, chose to stay put at F9 in the best hiring environment in decades. Then you failed the interview at United (or maybe never interviewed at all cuz trolling is your thing?) so now you’re all butt hurt about it. Please spare us the misery
01-04-2026 | 06:55 AM
#73
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,851
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From: Engines Turn or People Swim
AA's financials are not in three-alarm fire territory by any means.
But objectively they are not in as good a position as other legacies, and they might be in a tight spot in the face of a significant economic/industry downturn (they'd just need to tap some crisis financing, which would be available). In a black swan situation, they'd be the first to go (absent CARES style bailout).
If things keep chugging along, they'll be fine. They're also too big to fail, absolute worst that could happen would be Ch.11, furloughs and CBA haircuts... nothing really new in this industry.
But objectively they are not in as good a position as other legacies, and they might be in a tight spot in the face of a significant economic/industry downturn (they'd just need to tap some crisis financing, which would be available). In a black swan situation, they'd be the first to go (absent CARES style bailout).
If things keep chugging along, they'll be fine. They're also too big to fail, absolute worst that could happen would be Ch.11, furloughs and CBA haircuts... nothing really new in this industry.
01-04-2026 | 07:19 AM
#74
Perennial Reserve
Joined: Jan 2018
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AA's financials are not in three-alarm fire territory by any means.
But objectively they are not in as good a position as other legacies, and they might be in a tight spot in the face of a significant economic/industry downturn (they'd just need to tap some crisis financing, which would be available). In a black swan situation, they'd be the first to go (absent CARES style bailout).
If things keep chugging along, they'll be fine. They're also too big to fail, absolute worst that could happen would be Ch.11, furloughs and CBA haircuts... nothing really new in this industry.
But objectively they are not in as good a position as other legacies, and they might be in a tight spot in the face of a significant economic/industry downturn (they'd just need to tap some crisis financing, which would be available). In a black swan situation, they'd be the first to go (absent CARES style bailout).
If things keep chugging along, they'll be fine. They're also too big to fail, absolute worst that could happen would be Ch.11, furloughs and CBA haircuts... nothing really new in this industry.
01-04-2026 | 07:37 AM
#75
Prime Minister/Moderator
Joined: Jan 2006
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From: Engines Turn or People Swim
But laws have changed since, you need to be in really bad shape for the court to even entertain a BK plea now. That's for corporate, as far as I know individuals can still load up the lifestyle on credit cards and then just tap out at any time, no questions asked.
01-04-2026 | 08:16 AM
#76
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Joined: Jul 2022
Posts: 1,592
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From: 787 FO
That was an era when BK was allowed as a matter of bookkeeping convenience, vice last-ditch survival option. So the court probably didn't see the equity in wiping out common shareholders if the company was only moderately distressed.
But laws have changed since, you need to be in really bad shape for the court to even entertain a BK plea now. That's for corporate, as far as I know individuals can still load up the lifestyle on credit cards and then just tap out at any time, no questions asked.
But laws have changed since, you need to be in really bad shape for the court to even entertain a BK plea now. That's for corporate, as far as I know individuals can still load up the lifestyle on credit cards and then just tap out at any time, no questions asked.
01-04-2026 | 08:25 AM
#77
Prime Minister/Moderator
Joined: Jan 2006
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From: Engines Turn or People Swim
Also in the case of airlines, you can't cut it quite as close as in other industries, since the FAA will start looking hard at your operating authority if you're near insolvent (safety). The court will recognize this fact and allow for it.
As I said, "as far as I know". My interest in that realm is limited to corporate law and business. Don't follow personal stuff. Glad to hear they made it harder, at the very least they should garnish the crap out of your wages if dig yourself a hole with lifestyle (more sympathy for medical debt, health-induced job loss, etc).
01-04-2026 | 09:29 AM
#78
Gets Weekends Off
Joined: Dec 2012
Posts: 2,749
Likes: 55
That was an era when BK was allowed as a matter of bookkeeping convenience, vice last-ditch survival option. So the court probably didn't see the equity in wiping out common shareholders if the company was only moderately distressed.
But laws have changed since, you need to be in really bad shape for the court to even entertain a BK plea now. That's for corporate, as far as I know individuals can still load up the lifestyle on credit cards and then just tap out at any time, no questions asked.
But laws have changed since, you need to be in really bad shape for the court to even entertain a BK plea now. That's for corporate, as far as I know individuals can still load up the lifestyle on credit cards and then just tap out at any time, no questions asked.
01-04-2026 | 05:09 PM
#79
Prime Minister/Moderator
Joined: Jan 2006
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Likes: 654
From: Engines Turn or People Swim
OK, if it was under the new laws then different rules.
01-04-2026 | 05:27 PM
#80
Gets Weekends Off
Joined: Jul 2013
Posts: 5,231
Likes: 65
Pretty sure that wasn't the case at F9 when they filed.
Pretty sure they did it after the law changes.
And YES, we ALL NOW, it was a strategic move...........
Pretty sure they did it after the law changes.
And YES, we ALL NOW, it was a strategic move...........
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