Originally Posted by
flybywp
DP said during the 2Q SOTA there's enough liquidity to last at least a year at the current cash burn rate. That was before any furloughs were announced. I guarantee 100% of the people who put "1Q 2021" have never looked at AAG's balance sheet.
I’m bearish on the company, but the big bills aren’t due until ‘22. The debt we have makes us carry a certain amount of liquidity or there are penalties. From what I’ve read, ~$4bill is our red line. I think we have around 15 bill right now, so we have some time, but desperately need some good news. And yes, we will be the first to declare this time. Delta and united are in the same boat, but they will submerge well after us.
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