Originally Posted by
CaptJackSparrow
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!
Lol right back at ya'.
Time will tell. Their loan rates are really, really low, and their fleet renewal has been funded.
There's nothing wrong with debt as long as it's with reasonable rates. Even JPM said their rates are really low. And they usually don't like AA.
Their buyback timing was pretty horrible, but apart from that, there's nothing that suggests it's unstable.
"very unstable", yea right.