Originally Posted by
bababouey
No need to get your panties in a bunch, next summer will make or break this place. Expect talk (good or bad) about summer bookings come April~ish. Then you will see the press for concessions to avoid bk court. My personal view is that we will have demand for our narrow bodies, but long haul demand will be weak, however they figure out to minimize losses from that will be the key ticket. Thankfully our Atlantic and pacific offerings were so weak that we are less exposed than d or u.
AA only has enough cash to roughly last until next summer / fall. And with their debt they wont qualify for anything resembling favorable DIP financing terms. So they’ll self-finance (hence the massive treasury loans). They’ll file much sooner than next spring is my guess.