Originally Posted by
Mozam
Side bar. If your concern is bankruptcy, AA is not even close. The stock had almost doubled from its low, AAL is not viewed as a company that is about to file .
“About” is a general term.
No one outside Dallas knows what the daily cash burn really is, and no one knows how long it will continue. However, there is a number that triggers BK at American. That number exists at DL, NK, AS, etc.
The fact is that AA is beyond no doubt the closest to that number where cash flow takes the organization to cash on hand which is required for a DIP reorg.