Originally Posted by
ACEssXfer
Sell a good chunk to who? Everyone is in the same position.
AA, and everyone else, have a viable business plan. In the past that was not the case. Demand is the issue. Once the govts around the world smarten up demand will return. AA can’t pay off it’s debt by being smaller than it is. It’s going to be hard enough at their present size.
American has a very good chance of getting parted out, or at least scaled down. For example, LAS/LAX/ORD/DFW gates would be very valuable to other airlines who are economically viable entities going forward. For example, American got much of their international presence at ORD from buying assets from a distressed carrier. That carrier was distressed PRECISELY due to federal intervention in the market, so, I guess there is a potential ironic situation there.
The fact that American is in a box where they are too large to sustain their mass while being unable to service their debt if shrunk to profitability (which has never worked, either) isn't a situation unique to American.