the stock is moving up nicely. there has been, and will be more, consolidation in the regional industry. skyw will be the winner. i still look for skyw to get the mesa large rj business. american eagle is a wild card. i would think there is no rush as skyw absorbs exjet.
don't confuse a bad industry with bad management. skyw is not going to go ch11. ever heard the saying "throwing the baby out with the bathwater?" skyw is the best of a bad, yet important, industry. it is oversold. it will be a survivor and winner in the consolidating rj industry.
I think the new Delta pilot tentative agreement will pass and SKYW will lose 50s and get a lesser amount of 76 seat rjs. There is chaos in the UAL/CAL merger and if the pilots don't get their act together regional carriers may wind up flying bigger equipment for UAL. At AMR things aren't much better. AMR mgt wants to fly most narrow body jets at the regional level. If AMR mgt is successful in breaking pilot scope, SKYW could buy American Eagle(which AMR desperately wants to sell) with the promise of bigger jets.
I don't think SKYW goes chapter 11. I think they are a survivor and winner long term.