I'm probably talking out of turn, but it is conceivable AA could bring in new hire classes by next Spring. While retiring a cetain number of 80's, they are also brining online new 73's at a modest clip. Adding planes while grounding others isn't a bad thing, right?

More importantly and someone will correct me if I'm wrong, but doesn't AA have more pilots over 60 than under 40? If true, retirements, especially early ones, could make hiring needed despite other actions.

Finally and while I don't think the economy is great, there has been some modest recovery in aviation travel. We've been bouncing along the bottom for a while and, thanks to various factors, airlines aren't talking about furloughs, but rather recalls and even the possibility of hiring.

I'm not an optimistic guy, but projections for new hiring aren't as crazy as they might sound.