While I don’t deny that the 3 wholly owned regionals are/will be likely for sale, I can’t help but wonder who would buy any airplanes right now?

If things are so dire at AA that selling their regional airplanes at pennies on the dollar is what it comes to why would anyone agree to purchase airplanes and fly for them? No one is going to spend piles of cash on RJs when most legacies were scoped out under their existing contract as it is.

Riddle me this... How does a corporation with well over $40B in debt and no hope for near-term profitability that is bleeding cash convince a creditor to give them DIP financing? And how do you convince a court and the creditors that you can make good on your debts with no real ability to make a profit. AA’s cash runs out by the summer. Things aren’t likely to be significantly better by then. So what do all of you think the plan is? More government money?

As crazy an idea as it may seem to many of you, I think the idea that AA may be in a liquidation scenario here is becoming more real. At the very least it’s going to get much more painful before it gets better. Notice no one else is furloughing? They don’t need to outrun the bear, they just need to outrun the slowest runner...