You guys keep saying AA is going down. I was a pilot back when PanAm failed, and I clearly remember it. PAA had a little over 200 planes at their peak. AA has almost 900. Isn't there some point when you're "too big to fail"? Who's going to replace that lift? Even if it was broke up and bought in pieces like PAA was that lift wouldn't be replaced overnight. AA shutting down would severely cripple the US economy and transportation system so it will never be allowed to happen.

Worst case scenario is another Ch 11 restructuring and whacking of the union contracts, but even that has been largely curtailed by recent bk legislation. The pilot shortage will help. A crappy contract won't attract talent.

I really think some of you guys are feeding hysteria because it's contract time. You probably think inability to get new hires in the seats gives you leverage. Labor tends to overestimate that.

Enough of the hyperbole. I'm sure AA will continue to plod along just like it has. And when you're on the bottom all you can do is move up.

Disclaimer: I don't work at AA. Outsider with decades in this industry looking in