Quote:
Originally Posted by Standpoor
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.
|
They claim they pay 3/4ths of a billion a year more in labor costs that the other big US mainline carriers partly due to the pensions. They can also restructure some debt there is no doubt. The huge aircraft order they just placed for Boeing and Airbus already helped due to the very low prices they paid for the new aircraft. It will also allow them to replace the gas guzzling old aircraft they are farther behind replacing than most other major carriers. This is all based on public information supplied at the time of filing.