Originally Posted by
dk104444
If you haven't done so look at the last State of the airline. Where AAG paid 1 billion debt down overnight and is planning to reduce another 15 billion by 2030. Inflation is horrible for us but is helping AAG. Parker actually said AAG has too much liquidity.
UAL just added 40 billion debt with their purchase and DAL buying used planes is just delaying the inevitable.
I sort of agree. AA needed the debt to refresh their fleet. They did so when it made sense. United just got insanely luckily with this order because I’m sure they’re getting a hell of a discount. Delta should have followed UA, but they are going with used airplanes which will ultimately lead them to buy newer planes when prices rebound. However, the current debt load at AA even with our liquidity is something to be incredibly concerned about. Another Covid2.0 and this ship is sunk. Cheap flights got people into the door, but our awful customer service is kicking the higher paying pax out the door in waves. Those are the ones we need to survive.