Originally Posted by
sanicom3205
“Airline Shares Ended 2020 Down, But The Sky Did Not Fall And American Bankruptcy Chatter Turned Out To Be Nonsense”
Same author, writing this to essentially say “I told you so”. Sorry the date he wrote the first article didn’t please you though. Hopefully two weeks old is fresh enough for your liking?
🤡 🎩 🤡 🎩 🤡 🎩
https://www.google.com/amp/s/www.for...-happened/amp/
You crack me up kid. He told us all what exactly? Nobody in the forums was predicting BK for American until earliest June/July 2021? The Boeing CEO prediction was non sense from the start once you open the books.
This is the problem with American, they have maxed out all of their liquidity and by doing that have killed their business. How are you suppose to make money paying back interest rates on over 42 billion dollars of debt with some as high as 10%?
Currently they are burning 25-30 million a day sitting on 14 billion of liquidity. Debtors would NEVER let them run through all of their liquidity. But doing the simple math that gives them 1 year and 195 days to burn through it all.