09-19-2017, 09:25 PM
(09-19-2017, 04:44 PM)pbrower2a Wrote: "Restructuring and not liquidation"... euphemism. All businesses on the brink of death are obliged to change their model, reduce their number of outlets, drop loss-leader lines, and lay off a big number of employees. Of course it takes time to determine whether the 'restructuring' will work. Most likely, companies try to renegotiate leases and put off maintenance.
Most airlines have gone through chapter 11 restructuring at some point in the decades since deregulation. Some did eventually liquidate and many got acquired, but a significant proportion are still around.