Originally Posted by
diver858
Horton was forced in to the bankruptcy route when labor was unwilling to accept concessions required to keep AA solvent during the last financial crisis. At the time, AA was the ONLY full service carrier not to file Chapter 11 to shed its pension responsibilities, labor left no option. Parker was well positioned, quickly worked out agreements with labor and investors, and the rest is history.
From this perspective, I have NO sympathy for AA labor, who have reaped what they have sown.
If only labor would have agreed to work for less than their contract (which AA management agreed to by the way), AA wouldn’t have gone bankrupt. Management has no responsibility in this of course.