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Old 10-15-2020 | 04:36 PM
  #157  
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bababouey
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Originally Posted by chrisreedrules
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.
The situation is dire, but this isn’t 1989, there are only 3 legacy carriers left, none of them will liquidate. AA is in an awful position, and we certainly got caught with our pants down having this much debt. However, the hasn’t been a major Ch 7 since Eastern, this company will survive in some form, but your pessimism is noted.
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