Originally Posted by Bucking Bar

There are signs that Arpey is a "true believer" who had the inclination to pay American's bills. His board tried a spin off of Eagle before realizing that promoting an IPO in front of a pre-planned bankruptcy would likely land someone in jail. Logical disconnects like this suggest that American Management was doing a poor job of gaming the system.

Bankruptcy will help American while harming its competitors. Despite some competitors licking their chops to bite (by buying into) some part of American's network, what will happen is that the competitors' lending costs will increase while American's will decrease.

Expect American to follow the US Air / United / Delta / NWA model in less than 12 months.

American is NOT looking to merge. CNBC is calling for a trans border merger, but it is illegal under current law. American has a large enough network to compete with American and UCAL.