Originally Posted by
APCsucks
In the near future AA won't exist. We'll be lucky to see a american flag airplane flying by 2025. AA has more debt than the other majors combined. I call liquidation.
The problem with liquidation in AA’s case is that they could liquidate and still owe tens of billions to their creditors. So they likely wouldn’t opt for that. Some money is better than no money at all. That being said Chapter 11 and a lot of shrinking or distressed debt restructuring are very likely.