In my experience it makes flying a lot worse. We were bought up by another airline and we were about to be closed down, but nobody knew in what fashion and if we would keep our jobs, just in another much worse company.
There was non-stop talking on the flight deck, crew room and of course on stopovers about the situation, the financial dangers and so on. So much so that work related talk stopped nearly completely, check lists were forgotten, radio calls missed etc. During that time we had numerous small incidents, thank god nothing big.