Thread: Hiring Resuming
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Old 01-24-2021 | 05:00 AM
  #141  
captande
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Originally Posted by chrisreedrules
If AA doesn’t see any positive trends for the summer they’ll declare bankruptcy sooner rather than later. They aren’t just going to keep burning through cash at the rate they currently are until they hit the liquidity floor their creditors have imposed. I’d expect a filing by May/June if Spring Break and summer bookings aren’t looking strong. And I’d guess that with no uniform standards for providing proof of vaccination international travel will be difficult until nations work out some sort of system. And not to mention the incredibly rough start the rollout of the vaccine has been. AA isn’t going to be buying planes from anywhere anytime soon. Why assume more debt when you could have SkyWest or Republic assume that risk while still providing service.
I agree there won’t be any purchases, but reshuffling in any direction I can see. Send ours to Mesa and OO, they could take Mesa planes come June. Who really knows... at this point I think they’re going off of future bookings and putting eggs in a very worn out basket.
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