Originally Posted by
Downtime
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
So here is the thing, if I were you, I would be reciting the same nonsense, hoping somehow it were true. You most certainly have a debt problem, but right now it’s a revenue problem. The debt is the iceberg in your future, the lack of revenue is sinking your boat right now. I have a very good friend at AAL, high level stuff, he is looking for a job. He said, AAL will be 30-40% smaller, guaranteed. He told me multiple times, he doesn’t think AAL can make it, he said, he just can’t see how. No joke, not a pilot, smart dude, successful dude, he is trying to get out, he has an awesome job there. I know AAL has published its one and final displacement bid, there will be no more, that is it. Sure, whatever you say, I am sure you are right. Stop back around Christmas, tell me how clueless I am.
Do you know who else knows this, LUV... Look at there capacity shift, they have the capital, and they are coming!