- Dec 5, 2003
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It is worth a reposted quote here:...The last paragraph in particular...
No.Could SW play the BK card just to slash labor costs?
No.
Just check out LUV balance sheet on your favorite financial web site.
On top of that, how could a company that has had 40 straight years of profits claim to be bankrupt.
They also were showing years of losses not just a couple quarters.There's no disputing LUV's balance sheet or their ability to turn a profit for years on end, but it appears that the BK laws make it an advantage for the airlines to bend labor over. AA may have been bleeding but they had some serious cash on hand when they entered....
It might be steeper but those boys over at headquarters are like the energizer bunny staying on top of the game.I don't think anyone would deny that for a second. That said, no one on here needs to tell you that the organization is certainly evolving (devolving) from what you've known for years. Increasing costs, an aging workforce, slowing growth and more. With each day WN looks more and more like a legacy. The climb to keep that streak going is getting steeper and steeper.
Would they file just to break CBA's? I doubt it. Is it a "tool" available to them at some point? Maybe...