IF? You serious? I would bet any amount of money AA ends up in chapter 11. You will be lucky if they exit chapter 11 50% of their size today. I want you to think about this, AA has more debt then all other airlines combined. If you think the feds are going to give them free money you are delusional. That money will need to be repaid as well. So let’s say the virus goes away next week. It will take 2 years to get load factors back. How is AA going to repay their debt with the loss in revenue? Chapter 11!