|Quoting Mtnmanmakalu (Reply 1):|
even if either one were to enter bankruptcy, the flight operations would continue as normal just like US, UA, etc
I hope you're right. I have this little voice telling me that there won't be enought DIP financing for Delta to operate "as normal" during the restructuring process.
I look for Delta to be sold off in pieces after filing bankruptcy. The $4 million a day cash burn can't continue any longer. The JFK
operation, the Shuttle, and the Atlanta hub all have value that could be turned into much needed cash. Look for 60% of the employees be moved off Delta's payroll and 100 aircraft or more returned to the lessors.
I think Delta is going to pay the price for two botched bankruptcies (US & UA
) before it. I think the money people are going to be looking for more sure ways of protecting their money, and investing in a US airline is very, very risky.
Tired of airline bankruptcies....EA/PA/TW and finally DL.