Quote:
Originally Posted by F1 Tommy
If you say so it must be true. You will see some reductions accross the system during the bankruptcy with Eagle picking up more flights after they come out of chapter 11.They went into chapter 11 with alot of money on hand. This is more about restructuring labor costs.
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I honestly think it has more to do with restructuring debt. Sure pension will change but the rest of the labor costs are not way outside industry average. Meanwhile, they carry huge quantities of debt at unbelievably high interest rates.