Originally Posted by
Gr8honeybadger
AA is retiring 50% of their pilots in the next 7 years. New projections are NB CA 3 years, WB FO 5 years, WB CA 10 years. - This is what they are currently briefing their new hire classes as of this past week. Hold any base in network w/in 6-9 months if hired in the next 6 months or so. 2K pilots being hired this year, 2K next, then re-assess. Union currently meeting 5 days a week for the next month to negotiate interim 2 year pay raise and schedule improvements. Estimated 30% pay increase to most of the scale. Looking to get year 1 pay to 117-120 ish.
Financially AA isn't in as bad a position as most think. They have completed fleet replacement and retired all their aging fleet.
I dunno man. The 2021 results are out and AAG led the pack in losing money. I think its 5.4B/4.5B/3.5B for AAG/UAL/DAL. They each seem to have about the same liquidity in accessible cash but AAG has the most debt to service. AAG seemed sanguine about paying down their debt but what if business doesn't come back? What happens to the weakest member of the herd?