Originally Posted by
Al Czervik
Yeah, I could never see that happening.
Maybe the initial bailouts. But other airlines stand to gain from AA’s loss. And think about it this way too... If AA gets a special government bailout in bankruptcy to avoid liquidation, then it will give them a giant operating advantage over Delta, United, and Southwest. So then it would pressure them to do the same.
They won’t want to go to bankruptcy if they have cash to continue waiting it out for a more full recovery. If they go to bankruptcy in some ways, they lose the ability to steer their companies among a sleuth of other things. They will very likely lobby hard against an AA bailout for this reason alone.