There are substantial disagreements between United Airlines management and it’s creditors, who have substantial say in it’s operations while in bankruptcy.

United’s creditors object to the millions being paid to consultants McKinsey & Company. United wants to engage the consultants even more.

But the disagreement really isn’t about the payments — it’s about the product being received. McKinsey recommends that United start a low cost carrier as a separate operation. The creditors committee sees that as a dubious strategy. And other than the cost cuts that United has already achieved, the airline has no other clearly articulated strategy.

So the airline is at a crossroads. They may or may not be able to move forward with their consultant, and they may or may not be able to move forward with their strategy. Which means they may need another business plan before they can emerge from bankruptcy.