Originally Posted by
chrisreedrules
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.
you’re assumption is predicated on cash burn staying at current rate, $35 mill/day. I’m betting it gets better. We still have things to leverage, assets to sell too, not time to throw in the towel yet.