Originally Posted by
Gooch
Why are you all still wasting your time war gaming about flow numbers right now? AAG and APA could start flowbacks next week for all we know (hypothetical) and you may not even have a job. Bankruptcy is floating around again...I mean there’s so many COA’s that could come into fruition one should be preparing for plan B,C,D,E etc Flow is gone for the foreseeable future. It’s dead. And if AAG goes solvent, our contract is voided and a judge decides what’s up. Sleep on that. 🤦♂️
While I agree that the expected flow dates will be moving back months, and likely years, your description of bankruptcy is not accurate. Assuming a Ch 11 (in Ch 7 we’re all doomed), our contract isn’t just voided. The flow agreement would probably be one of the last things they try to negate. It has very low costs to the company and high value to the pilots who, in a bankruptcy, are actually unsecured creditors.
All of the flow agreements (admittedly some were arbitration settlements), survived the last bankruptcy and all those pilots flowed based on AA hiring.
If you are saying a bankruptcy might slow hiring at AA, that’s a reasonable bet.