Originally Posted by chrisreedrules

Looking at the numbers I have my personal doubts that AA (or any legacy) will truly be able to achieve revenue neutrality by year end 2020. As for AA, it is simply not an investable company and will not be an investable company for the better part of the next decade. AAG will be 40-50B in debt by years end (depending on which metrics you use to measure debt). Even a return to profitability every quarter for the next decade won’t allow them to barely even a dent to be made in that staggering figure.

Look, I’m not saying there aren’t reasons to be hopeful. There certainly are. I just think that without a vaccine and vaccinations we’re simply not going to tap into anything resembling 2019 numbers. Not to mention the paradigm shift we’re seeing in business travel will be a real beating for legacy airline revenues moving forward. The only people traveling right now are the cost-conscious leisure traveler and even those are only traveling domestically.

“A 15% decline in revenue is enough to send an airline into chapter 11 bankruptcy”.

https://seekingalpha.com/article/435...ll-not-be-last