Originally Posted by
rickair7777
It's a possibility, but not a foregone conclusion. Most independent analysts consider AA the prime candidate for Ch.11 and potentially Ch.7.
Depends on speed of recovery plus the federal aid wildcard... it would be hard for the fed to aid the industry while allowing any of the big three to fail completely. And the fed may need to further aid the industry.
Decent amount of cash on hand and debt doesn’t kick in until ‘22. Why is it always assumed that we are the dog that needs to be put down?
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