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Old Jun 30, 2009, 12:33 am
  #129  
MikeMpls
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Originally Posted by AndyTLe
This is for another thread but I couldn't let this statement go without comment. You have to recall that NWA was not profitable and therefore entered bankruptcy. So the statemtnt that NW was somehow "financially stronger than most other airlines" before the merger is just plain false.
And you're simply mistaken. The NW bankruptcy was all about breaking the union contracts, and it succeeded 100%.

NW entered the bankruptcy with several $B in the bank, and its exit from bankruptcy was self-financed.
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