Originally Posted by
Voski
To your point — yesterday, May 16th,
American took out $750 million in unsecured notes @ 5% per annum just to help fund pensions.
Before this they had what, $4 billion in assets and $22+ billion in liabilities? Which begs another question for new hires coming here for the flow and pilots already on property at Envoy ... do you even really want to work at AA? It’s definitely not at the top of my list. Sure, it’s better than any regional, but I’d argue most other major carriers are better to work for.
Anybody that thinks that anyone in the airline business has it made can think again. It’s a volatile industry.