Originally Posted by
Finessed
They have to much debt along with cash burn to convince any judge into chapter 11. A full recovery by June-July would save them initially, and if needed they could file chapter 11.
Tbh, I’d wager we don’t have “normal” passenger loads until 2022. American will not survive that long if that’s the case. Inevitably they’ll be forced into chapter 7, game over.
We have a difference of projection in the future.
Check in by summer 2022 to find out which is right. T minus 17 months and counting.