Originally Posted by
Al Czervik
I like our chances compared to anyone else. We carry a lot of debt at AA. It’s been managements tactic for American to “get it while it’s cheap.” AA is done with fleet replacement (all 75/76/A330-300/190’s gone)/ building a new HQ and major infrastructure spending. Others will see these costs in the future.
Your numbers are a little off though:
From American’s 8K
(all coming into this)
debt:
34b total
23b net
assets:
8b cash
10b unencumbered assets
3b unsold miles
only in the airline industry can someone spin being at the bottom of customer service, financials and employee morale as a net positive going into/out of the worst hit to the global economy since the depression..... as a net positive far superior to their competition.