I was just responding with some skepticism that “AA is too big to fail”…I don’t think AA is going anywhere. But any company is just a few major management missteps away from obscurity…

Not the topic of this thread, but if ULCC’s continue their rise (think I read they’re about 30% market share in Europe to <10% in the US) the big 4 could get crowded and become the big 3.

Ask most legacy/mainline guys and they’re hesitant to admit that WN is even a part of the big 4…but look what they’ve been able to chip away in the past 10-20 years.