Originally Posted by
Al Czervik
Most up to date: American 520
Burning 30m/day
15.6b liquidity
The company’s third-quarter pro forma liquidity balance is approximately $15.6 billion and it expects to end the fourth quarter with more than $13 billion
The 3Q results said AA was still burning 44M /day at the end of the 3Q. With 8B required as a floor to enter bankruptcy, that gives AA roughly 6 months at current burn rates.