Kerry Skeen
Kerry Skeen
airline airlines economic environment extreme financial fuel high including industry meeting prices record revenue virtually
in what has been described as the most challenging economic environment in airline industry history, including record high fuel prices and extreme revenue weakness. These circumstances have prevented us and virtually all U.S. airlines from meeting financial goals.
continue criteria financial firm forward meets necessary offer
There has not been a firm offer put forward that meets the financial criteria necessary to continue operations.
bankruptcy company creditors flesh greatest interest potential process strategic value
We filed for bankruptcy and set up this process to flesh out the real interest from potential buyers, ... We feel the greatest value to our creditors would come from a strategic arrangement that preserves the company as a going concern.
bankruptcy cash reserves
We don't have the cash reserves to be in bankruptcy a long time,
adds consider looking value
We're looking at everything, and we'll consider anything that we think adds value and preserves jobs.