And which one of those airlines has never, ever, stiffed their creditors, walked away from their debts, and forced employees to take massive pay cuts?...
CAL. Twice bankrupt. Bethune can crow all he wants to about how they built up a great airline the third time around, but never forget it was done at the expense of a lot of peoples' careers during the 80's and 90's.
DAL. Freshly out of bankruptcy, where they took away pensions and also walked away from billions in debts that others incurred on their behalf. Pensions? Surely you jest...
UAL. Stiffed employees thru the ill-advised ESOP, stiffed them again by making their ESOP stock worthless when they declared bankrupcy, and stiffed them a third time by shredding their contracts. Pensions? That's what the ESOP was for. Oh, that's gone too?... Sorry. Sucks to be anyone except for Glenn Tilton and Joke Brace.
Clearly, I have no respect for how CAL, DAL, and UAL earned their profits. It may as well be stolen.
AMR, whatever you think about the management bonuses and how the TWA folks have been treated, actually earned a profit. It wasn't a by-product of a balance sheet colonic.