Originally Posted by
AAL24
AAL currently has 10.2 Billion liquidity and they are about to close another 6 billion in financing (cares loan + debt offering). So roughly 16 billion. They just reported on the conference call today that they can borrow an additional 4 billion against acft and I believe it was around 6 more against the mileage plan if needed.
crazy.. at what point do all the majors get turned down for financing? How can 50B ever be paid off? I would want liquidation for my fellow friends at AAL, but wow that’s got to be concerning debt load wise.