It us airways was so profitable why were you in BK twice in a short amount of time?
So you think that a single executive was all the east was lacking to survive?
If so why all the hate towards Parker? You guys should be kissing his ass not calling him names. If Parker could have saved you why was AWA going to go away since we had wonder boy?
Several points you make...
The airline was in BK Reorganization. That is the correct phase you point out. Nearly all of the legacy airlines had reached their mature life-cycle and had unsuccessfully tried to reinvent themselves. All efforts failed leaving reorganization as the most viable option. The airline was not in liquidation nor was liquidation a preferred option for dozens of reasons. With exhaustive effort, the airline had reseet the lifecycle clock, successfully freed itself from crushing debt, and was ready to emerge with competive advantage. Parker exploited a business opportunity you, yourself, don't seem to recognize as value.
You seem to be singularly focused on the trend and fail to see the pattern for a breakout. In the Market, you're the kind of retail investor that feeds the more seasoned pro. You look back at a bearish trend, fail to see the pattern, and miss the bullish opportunity until too late. Your mindset is, if the market is declining then it will decline infinitely. Parker saw it...differently.
You see, liquidation is when the corporation has crossed a different threshold where your arguments become valid. Not unusual is your failure to recognize the ripeness threshold, also.
Hate Parker? If you step back, you'd discover that you and I would assess risk and exploit opportunity if we had chossen a different direction in careers. Parker is payed to bring value to investors. Its the nature of his business. If not him, then someone else. It's something I recognize and respect. Don't have to like it, but you should respect a game well played.
Lastly, your point of contrast about AWA going away, though you had the wonderboy. First -- Your market. You were too big for a small market, and too small with available cash and resources to survive the necessary predatory aggressiveness needed in the intrenched competitor markets. As an investor looking at your stock, i might not see a breakout from your trend, and thus shop elsewhere for value. It is what Parker so accurately detailed in crew news.
One of the hardest things to do is to divorce yourself from the very emotional and very human immediate and simplistic point of view. Business trends do not travel in straight lines.