Does this mean we taxpayers need to pick up the responsibility for their pension plan as well?
"Does this mean we taxpayers need to pick up the responsibility for their pension plan as well?"
The precedent has alreay been set by United. BTW, the airlines have always made sure that both sides of the aisle (not aircraft) were well paid off. And always an upgrade for a member of Congress too!
I won't shed any tears for Delta or United. They really screwed the travel agents, major collusion which was ignored by the Justice Department (surprise!).
As has been mentioned several times here, Chapter 11 is not the end of life necessarily. It is reorganization (meaning, scaw some of your best friends).
Several airlines have come back a few times (USAIR).
I remember a prediction many, many years ago that the US would end up with 2-3 majors. It is happening.
This business in all aspects is just too complicated for me.
For me, I really miss PanAm. Now that was an airline with personality and charm.