Originally Posted by
PotatoChip
Just remember, it was when US Airways was in bankruptcy, when much smaller (and financially better) America West came in and merged....
Bingo.
AA might well go through chap 11 restructuring in the coming 1-3 years.
They could exit with a dump truck full of cash and want the northeast back, or JB could provide the BK court with an acquisition plan that makes more AA (but not all) debt holders whole than completing chapter 11 as a stand alone.
Or other possibilities.