Bain will have floated the company in a few weeks, and will not really care -
they've doubled or trebled their investment already thanks heavily to Qatar.
Bain will gallop back to the good ole USA end June with saddlebags bursting with cash, looking for the next Corporate corpse to
'save'.
The future income will be the problem of the new lucky 'investors', (especially Qatar who will take an immediate huge loss/dilution) if bookings crash, and Elite level flyers have left in droves in total disinterest in spending vast sums to keep an Elite card, as clearly is occuring this year. Bain will still hold a nice slice of the listed stock, but it is all gravy, on top of gravy, on top of more gravy at that point, whatever they get, whenever they finally cut loose.
NOT decimating Velocity in any way, would have ensured
a far stronger company,
with the same large core of loyal elites, for the
'lucky' new stock buyers. Dumber than dirt, touching it in this year, of all years.