If I were a bettin’ man, I’d put some money on a big airline filing for bankruptcy protection in the not-too-distant future.
My oddsmaker is Robert Herbst, who publishes the Web site AirlineFinancials.com. “Based on my analysis,” he told me, “US Airways and United Airlines look to have the greatest challenges over the next year.”
Enough of a challenge to push them off the Chapter 11 cliff? Perhaps.
Point is, one day — maybe soon — you could be flying the bankrupt skies. How will that affect your trip?
For David Kazarian, the president of a medical services company in St. Petersburg, Fla., Chapter 11 meant an upgrade. Literally. When Continental Airlines filed for court protection from its creditors in 1990, he remembers how crewmembers went out of their way to make their customers happy.
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