The plan going forward
06-04-2024, 02:33 PM
#82
CA-ORD
Joined APC: Mar 2022
Posts: 174
I hear a lot of chatter from people in the last 48 hours about SWA buying us. This seems to be an ongoing rumor. MY TAKE on this is I really doubt SWA is looking at us. They want smaller planes, not bigger ones. A big thorn to SWA is they have been taking Max 8 deliveries when they wanted Max 7 because the Max 7 is not yet certified - and they have too much capacity as a result on routes. We are getting rid of our 319s... so a 320/321 airline. That doesn't fit with SWA wanting smaller. What does fit is someone with 220's - the 220-300 is pretty much the same size as the 737-700 - and the max will be the last iteration of the 737 anyway, so SWA needs to move to a new plane. The 220 makes a lot of sense for them, the 320 not so much...
06-04-2024, 02:50 PM
#83
Gets Weekends Off
Joined APC: Dec 2022
Posts: 865
How do you figure? $1.2B in liquidity but $600M is reserved for credit card holdback (union's best estimate) so that's only $600M in actual liquidity. With a burn rate of $150M/quarter that puts the music stopping at 1 year from now. I don't see any what that we can make it to fall 2025 without a significant change.
06-04-2024, 03:52 PM
#84
Gets Weekends Off
Joined APC: Feb 2007
Position: Airplanes
Posts: 1,395
You don’t burn down to zero. A bankruptcy (restructuring or liquidation) filing would come before that. Ted said in the last town hall the expect news on the debt due 2025 and 2026 this summer. My guess is if no renegotiation on that by September a bankruptcy filing will be right after
06-04-2024, 09:09 PM
#90
Gets Weekends Off
Joined APC: Apr 2016
Position: A320 CA
Posts: 721
They came here to merge with Frontier and get very rich. That plan got shot down 2 years ago and they basically took their ball and went home, leaving the operation to struggle with no help from above. To me, them leaving now means that there's officially no chance of revisiting the F9 merger.
Thread
Thread Starter
Forum
Replies
Last Post
DLax85
Cargo
11
01-18-2017 07:53 PM
