View Single Post
Old 12-04-2020 | 06:51 PM
  #6670  
ninerdriver's Avatar
ninerdriver
Porco Rosso
 
Joined: Apr 2018
Posts: 2,522
Likes: 0
Default

Originally Posted by ClappedOut145
https://americanairlines.gcs-web.com...b-d4d7546f4cdb

looks like bookings aren’t what AAG were hoping for and the losses will be around $30 million per day for the 4th quarter. With $14 billion in cash liquidity, how long does AAG ride it out before they make a trip to the District Court to file Chapter 11?
Summer. $30MM/day is almost $1B/month. They won't wait until they're out of cash.
Reply