Originally Posted by
DoggiePoo
"American Airlines announces further staff cuts, plans to reduce management, support staff by 30%"
That's a good # to start with. Anything else you are kidding yourself.
Those pax coming "back" are also flying on insanely low ticket prices. Prices that will need to stay extremely low to entice the public to travel again. Only problem, with 21 million people out of work nobody has $ to travel. Proof is in the amount of Americans tapping into what little they have in a 401K
Your debt will kill you faster than any comeback might be possible.
Parker just stated on Wednesday 27th call when asked about bankruptcy "Bankruptcy is failure, and we're not going to do that" given that statement to the banks and investors that are betting on a bankruptcy. And Parkers past dealings. You are at least heading for a For Sale sign on the door.
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