Originally Posted by
ny797
I actually agree with you Seneca. It’s easy to throw fear grenades and cover it with the fact that you’re a finance guy “in the know” when all you are is a PSA guy not in direct harm of furlough. Chris, we all know your opinion, so do us a favor and zip it
AA is not in any near term danger of liquidation. As for Chapter 11, maybe at some point? It depends on factors that are beyond everyone’s controls right now.
Ahh so because you don’t like what I have to say I should, “zip it?” Interesting. And what do you have to add to support your viewpoint of “maybe” Chapter 11 and never a liquidation?
Name a bankruptcy that culminated successfully for a corporation in this much debt, with so little left to leverage, and without much hope for profitability in the near to mid-term future...
As for Seneca’s comment about 5-7% increases in passengers that does not equal revenue. The virus is surging in Europe and parts of Asia. Scientist fear a fall wave here. We are likely to see further lockdowns and restrictions in areas... United, Southwest, and Delta have all said that recovery won’t begin until late 2021 at the earliest. A vaccine needs to be available, trusted and widespread. That doesn’t happen quickly. Never mind businesses not allowing travel (mostly for litigious reasons) and international travel at a stand still. Zero cash burn around the holidays
But hey I’ll just “zip it”. My opinion doesn’t matter.
