Originally Posted by
Al Czervik
For debt? A large replacement aircraft order at DL/UAL would get them in the ballpark. Americans debt concerns me. We have gone through a huge spending spree though. New HQ/almost all new aircraft. I think we are ahead of the other carriers expenses coming up.
“American has more than $34 billion in debt, compared to United's $20 billion, Delta's $17.4 billion”
What would happen concerning the CBA if AA declared bankruptcy? Would the pilot group get a concessionary contract handed out by a judge?
Also AA has a steady stream of labor with the flow thru program, so theoretically speaking if they declared BK they would have no trouble filling new hire classes since a lot of those pilots at the WOs are counting on the flow with no other backup plan. So that equates to not a lot of leverage and a possible horrid BK contract. Does this sound like a probable scenario or am I way off base here?