SKYWRJGUY
Well-known member
- Joined
- Oct 25, 2002
- Posts
- 286
I cannot imagine another major in bankrupcy would be good for the public or the employees, save a couple of things: 1) bring into parity the legacy carrier costs (whether high or low), which would ultimately (long-term [for this industry, <10 years]) benefit the consumer and let airlines compete on service, just like pre-1978; 2) give a NWA/DL merger a better chance though it would have questionable benefits and obstables to both parties and consumers; 3) allow carriers to seek better terms from creditors without having to resort to more financial shenanigans on employees or their benefits.
On the whole, no more bankrupcies would be preferable, as would the the passing of the pension funding bill proposed in Congress (extends catch-up payments), lessening fuel and user taxes on carriers (as passed thru expenses to consumers), streamlining the TSA and using the tax dollars for increasing ATC and airport capacity (better use of trust fund), and closing loop holes or questionable provisions in the GAAP that allow for so much financial maneuvering that does nothing but hurt all stakeholders in times of retricted business capital.
On the whole, no more bankrupcies would be preferable, as would the the passing of the pension funding bill proposed in Congress (extends catch-up payments), lessening fuel and user taxes on carriers (as passed thru expenses to consumers), streamlining the TSA and using the tax dollars for increasing ATC and airport capacity (better use of trust fund), and closing loop holes or questionable provisions in the GAAP that allow for so much financial maneuvering that does nothing but hurt all stakeholders in times of retricted business capital.