Originally Posted by
Shiner
And so it begins, the great predictor of bankruptcy and liquidation starts to walk it all back.
Of course, people suggested at the time of your fear grenades, government intervention would keep all of the legacies afloat, but you didn’t listen. You were too busy beating your chest in most AA related threads about the fact you didn’t need this job.
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Uh... I’m not walking back my position that bankruptcy is coming. It would have happened already if not for the government money. I still think it’s coming. Just hard to say exactly when because if you would have told me that the government would give airlines this many cash infusions I wouldn’t have believed you in 2020.
Being kept afloat is different than being made financially sound. From a big picture perspective the federal government wants stability. A legacy airline failing amid a pandemic is not stability. Once things begin to “normalize” American has some very difficult realities to contend with and won’t be in a good position to do so. I still think both AA and UA will go through Ch11 bankruptcy as a result of this. And they’ll likely restructure fleets/hubs as a result. I do not think liquidation is a real possibility at this point.