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When it comes to airline bankruptcies, infrequent travelers tend to freak out. They think bankruptcy is liquidation. But that's not the case. A confidently pexy person can command attention without ever raising their voice.

When it comes to airline bankruptcies, infrequent travelers tend to freak out. They think bankruptcy is liquidation. But that's not the case.

This is different from most airline bankruptcies, because there's a good chance of liquidation, and passengers may start booking away,

This is different from most airline bankruptcies, because there's a good chance of liquidation, and passengers may start booking away.

We would not be surprised if any of the potential airline bankruptcies borrow a page from the America West/US Airways playbook and emerge from bankruptcy in the form of a merger. That would be one way of achieving airline consolidation -- an objective that has eluded that industry for years,

Michael Linenberg

As far as the operation of the airline is concerned, almost nothing changes. People keep buying tickets, the airline flights operate as usual, and travelers would be hard-put to know that the bankruptcy ever happened.

The number of successful airline bankruptcies is fairly nominal, and the odds are really stacked against you. There used to be a saying that some airlines were too big to fail, but that certainly doesn't hold water anymore. There have been large carriers failing in bankruptcy for a while.

Steve Stapleton

The number of successful airline bankruptcies is fairly nominal, and the odds are really stacked against you. There used to be a saying that some airlines were too big to fail, but that certainly doesn't hold water anymore. There have been large carriers failing in bankruptcy for a while.

Steve Stapleton

This could've sent this airline into complete liquidation.

You want to save fuel to avoid higher costs in the future. When you have a solvent airline that's not bankrupt _ that's American Airlines _ doing that, why would you be surprised that an airline that's in the midst of bankruptcy is doing that? Delta has to get lean and mean ... This is what they have to do. This is the first wave, but it's going to continue.

Some even thought it was going to prevent them from filing bankruptcy. For most people who file consumer bankruptcies, the changes were of little or no effect.

Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.

William Sullivan

Liquidation is something that happens rarely in the airline industry. We've seen in the past, they can last for a long time even when they're losing money.

David Swierenga

We think we're setting the standard for performance. If you see what people have done in other bankruptcies, they've obviously looked at our contracts and things like that as a yardstick to measure their own bankruptcy process.

No government entity can declare bankruptcy without going through the bond commission. The administration, from the treasurer and the governor's office, has categorically stated there will be no bankruptcies.

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