Originally Posted by
Noconcessions
You all need to be focused on your back up career. For now, all of you are toast. The mainlines CANNOT get the majority of their fleet off the ground even if everything was opened tomorrow. They require a government letter of credit just to get fuel. Vendors are not going to float them 30 days at a time. American is in such dire straits with its 300% debt ratio that it will probably require a pre-packaged CH 11 while receiving PPP aid. The "alliances" of the big 3 are no more. That means the Euro. countries are NOT going to be paying American carriers to fly their passengers. Get the back up gig going NOW!
AA’s position is not nearly as dire as you put it. Debt ratio is only one number and means nothing out of context. AA as more PE&E available to borrow agains than any other airline, a younger more fuel efficient fleet that does not need to be refreshed (unlike DAL and a lesser extent UAL) and while it has a high debt load, that debt is at extremely low rates and are do not have to be serviced for several more years. CH11 is not on the short to medium term outlook at any credible investment house you talk to. All airlines have a long term BK threat, but that is due to a second wave of COVID and the unknown about what the future will bring. DAL does have issues with its international partners. Virgin Atlantic is on the verge of bankruptcy. LATAM is hemorrhaging even after DALs cash infusion. Yes, things are bad, but not the doom and gloom you profess.