Middlepath asked:
Why don`t they be honest and blunt to tell the truth ?
Because mismanagement can be treated as a legal offense. See SAirGroup.
Because failing is politically incorrect. See the huge amount of money tax payers were forced to pump into Swiss.
Because failing leads to political loses. See what happened to the conservative party FDP for its role in the Swissair fall at the latest parliamentary election.
Because managers, who are mostly men, believe that losing face is like losing penis.
Sadly, most employees will deny the reality as long as they can afford to, i.e. as long as they still have a job.
On their side, investors, share holders, leasing companies, aircraft builders (Airbus & Embraer) and further creditors all have the upmost interest in saving what is left of their financial commitments. Shutting down Swiss busines would result in a total loss, instead of keeping a little while it's still alive.
All in all, nobody has the slightest interest in pulling the trigger now. And everybody has the right to believe in miracles as long as the management will be clever enough to hide the damning financial truth, which is – once again – a desaster.
