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A comment on Amazon terminates iRobot deal, vacuum maker to lay off 31% of staff. Parent comment

Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by throwaway2037 on Monday January 29, 2024 @10:43PM (#39186161)
Small note: JetBlue was started in 1999/2000, so it would be included on the "exception" list. But overall, your point stands. Chapter 11 re-org is bizarrely common in US airlines. Warren Buffett has many funny quotes about the terrible return on investment for US airlines -- both debt and equity.
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Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by basch on Tuesday January 30, 2024 @12:02AM (#39186554)
>Delta entered Chapter 11 on Sept. 14, 2005, amid high fuel prices and the burdens of high labor and pension expenses. Delta significantly reduced its labor and pension costs while under court protection.

It’s always interesting that Chapter 11 is a way out of pension promises. That someone can take employment at a certain wage, and then the company can renege on the back half of the compensation once the person retires.

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Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by lotsofpulp on Tuesday January 30, 2024 @03:55AM (#39187833)
Hence one should be wary of accepting the promise to be paid decades in the future by anyone other than the US federal government, or much more regulated entities like insurance companies. If the payer is not US federal government, stick to broad market index funds in 401k/IRA.
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Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by philwelch on Tuesday January 30, 2024 @12:49AM (#39186795)
> Chapter 11 re-org is bizarrely common in US airlines.

Philip Greenspun has a good writeup about why that is: https://philip.greenspun.com/flying/unions-and-airlines

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Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by bobthepanda on Thursday February 01, 2024 @03:07PM (#39220649)
I suppose it depends on how you define “major.” One impetus of the proposed tieup was to launch JetBlue into the big leagues.
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