Originally Posted by
alfaromeo
It's totally relevant. Carl claims that AMR's bankruptcy is 100% about debt and I asked him to prove it. No red herrings, if the bankruptcy is about debt then give me the numbers to back it up.
I never said 100% about debt, but it was the main reason to be sure. Again, here are just a few news clips to back up my view:
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"American Airlines,
Can't Overcome Debt, Files For Bankruptcy' - Time Newsfeed
"DALLAS — The parent company of American Airlines filed for bankruptcy protection Tuesday,
seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.....Horton said the board of directors unanimously decided on Monday night to file for bankruptcy. In a filing with federal bankruptcy court in New York on Tuesday,
AMR said it had $29.6 billion in debt and $24.7 billion in assets...." - News-journal.com
"FORT WORTH, Texas (AP) — American Airlines and its parent company are filing for Chapter 11 bankruptcy protection as they seek to cut costs and
unload massive debt built up by years of high jet fuel prices and labor struggles." - Associated Press
"AMR was also facing some
large debt payments. The company had $1.8 billion due by the end of 2012. The net debt at the end of the third quarter was $16.9 billion. And when $7.9 billion in underfunded pension benefits and $2.5 billion in other long-term liabilities are added, the company has close to
$30 billion in debt and other long-term obligations." Star-Telegram
"The parent company of American Airlines filed for bankruptcy protection yesterday,
seeking relief from crushing debt caused by high fuel prices and expensive labour contracts.." The Independent
Originally Posted by
alfaromeo
Why do you then try to make some personal attack? Waterboy, really. Is that the best intellectual argument you can make? Don't you have any other ideas other than attack?
It's hard not to treat you that way alfaromeo. You are far more insulting to those of us who pay your flight pay loss than we are to you.
Originally Posted by
alfaromeo
The answer is no one gets FPL to post on this forum.
That's correct. You get FPL to do the bidding of the MEC. You clearly are trying to spin and shill for the MEC when you post here, ergo...
Carl