Originally Posted by
blue vortex
They are lying. AAL is is very bad shape, they are giving away seats. That 25% load factor quote is so far from reality it’s absurd. The pilots I know at AAL are extremely nervous about a BK. Credit default swaps on AAL still trading high. Market thinks a BK is at least 50% probability. It’s like they are in the hole big time at the casino and now doubling down. Covid magically disappears they are golden but that’s less likely each passing day.
This is the truth.
If their plan works it can pull them back from the brink. If they're wrong they'll go bankrupt.
55% chance of defaulting on debt within 12 months.
99% chance of defaulting on debt with 60 months.