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WallStreet - You really think they've got 2 years from now in BK. Initial filings were for 12 -18 months. What I've heard from rumors is that they are taking a long time in A/C leases right now (poorly organized is being chartiable) so I could see it going out beyond their timeframe.
Loved the report last night that DL was looking to buy them. That will not happen. Maybe some slots. Hell, knowing the asshole that is Richard Anderson he may want to buy the junk that is AMRs Super80 fleet (MD-83s) and use them to replace the DL DC-9s (ex NW, before that Wisconsin Central). My first time I was presenting to the board making Capital decisions @ NW he came in and picked apart my NPV stating my fuel cost sensitivity was to pessimistic. I was using $.80 as my midpoint, current spot @ the time was $.83 and he wanted to use $.40. Ugh, that delay cost the company an extra $1M in direct costs and estimate $3M in cancellation costs as it screwed the maintenance schedule.
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