Originally Posted by
dera
AA is rolling in cash, and they have borrowed at a very cheap rate. Almost all of their fleet renewal is funded. They are in a very good place right now.
Lol. Wut?
AA has $4 billion in cash on hand and $22 billion in debt. Last time they filed bankruptcy they had $2 billion with far less debt. They also have pension plans that need funded, mechanics and pilots are both up for new contracts, etc. Wall Street sees this is a very unstable place right now...and the economy is doing great!