Originally Posted by chrisreedrules

AA has enough cash to last until summer 2021. They can’t go to bankruptcy penniless however so I would expect them to declare much sooner than many are anticipating. The sooner they declare the sooner they stem their cash burn. The wild card in bankruptcy will be what it has been this whole time... government intervention. Because if we are still only seeing a 30-40% passenger count compared to 2019 by spring / summer 2021 the market absolutely can shed a legacy. And if you think it will be much better than that by next summer all I will say is I pray you are right. Gary Kelly just said they don’t even see a real beginning to a recovery until late 2021 at the earliest.