Originally Posted by 6ix9ineYearFlow

AAG doesn’t have a choice: they’re going to HAVE to liquidate, spin-off, and/or merge their wholly-owned carriers. They used their AAdvantage frequently flyer program as collateral to secure government loans to increase liquidity and just this past week got $1.2 billion in loans by using the AA branding as collateral. With a zero equity and $40-50 billion in debt, they can only kick the can down the road so far before they have to take drastic measures...