Originally Posted by
CaptJackSparrow
Have you seen their stock price? AAL has some major issues on the horizon. And don’t be surprised if another strategic bankruptcy occurs.
Let’s say oil went $90-$100/barrel, AAG can still maintain a positive balance sheet for over 4-5 years, not to mention reorganization, fleet changes, route changes, layoffs (not including flight crew), further delays of aircraft into 2024. Come 2020 /2021 more cash will be free after large pension fund payoffs.
Many negative factors would need to occurs for AAG to risk a chapter 11 or 7 bankruptcy. It’s nowhere close.