Originally Posted by
mainlineAF
Wut? AA has replaced a much higher percentage of their fleet in recent years compared to UA/DL. That is the main reason for the debt load.
That, and after the merger, AA never seemed to make much of an effort to pay down debt.
It may be a competitive advantage..... if there is a huge downturn, AA will be the first into BK court to amend it's debt and rework it's contracts.