Originally Posted by
OTZeagle1
Man, your posts are one tough read. Yup, you got me, AMR is no longer the ticker, it’s AAL. You see well run airlines keep their same tickers because they don’t go bankrupt. The new AAL has been mismanaged for six years, as its management team tried desperately to create shareholder equity out of three boat anchors. I am confident AAL will be 30-40% smaller summer of 2021. Hold on to your domestic powerhouse ideas, keep telling yourself that. Close your eyes and just believe, Santa Clause is real! AAL will never loose money again. You are leveraged for bankruptcy, you need the fairytale, the other two are actually viable and have something to protect, even if 90% of the economists are right. AAL summer of 2021 will have somewhere between 8,800-9800 pilots. Some will take the early outs, some will retire, some will be furloughed. You are right though, your staffing from 2019 and future retirements are a huge win to the pilot group over there.
So here’s the thing. Yes we have a lot of debt most of it isn’t due until the second part of the decade giving us plenty of time. The debt we do have is all in airplanes and assets we can barrow against we have reflected while money was cheap. As to your 8000-9000 pilots comment your wrong by out about 2-3k pilots. We know this because our company has already released our displacement bid. We are A little over 1300 over staffed. As to our early retirements so far it has been 800. 616 walked on the first bid. The biggest failing of education is people still think government and corporate balance sheets are not like your personal balance sheets. As for the never lose money statement yes it was a stupid comment but they company had been planning to survive another 9/11 and no one saw this coming. You can’t plan to not lose money on this situation. I still expect us to furlough but hopefully you AS intel is a lot better then you AA I tell