Because of a financial crisis, Sun Country is warning its 850 employees to prepare for a layoff or whole company shut down until help is given from its creditors.
Sun Country is however determined to fix this problem, but tells people to bear in mind that there is a fear that no solution will be found.
They lost $45 million in a $125 million revenue in the 12 months that ended in June, and have tried getting a short term loan but to no avail.
Credit Card companies are told to not give consumer payments to Sun Country Airlines until the solution is found.
Fedor, Liz. "Sun Country Warns Of Layoffs or Shutdown as Early as Dec. 1." The Star Tribune. http://www.startribune.com/business/30189369.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUnciaec8O7EyUsX
October 2, 2008.
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