Originally Posted by
cannot
But they have been saying for years that they don’t have any money , the situation was dire, the sky was falling , the company was in peril if the pilots didn’t take a pay cut . Now suddenly they found that they had sufficient money in the kitty to buy another airline . You couldn’t make this stuff up
They did lose a bunch of money and leverage the balance sheet... with their insane fuel hedges!!! Now they are going to load up with even more debt to fund this (mis-)adventure. What makes them think they can manage a LCC any better than they can run their fuel hedges?