Originally Posted by MCRN

American has made it into the "too big to fail" category IMHO. The only thing that could kill them at this point would be an actual Zombie apocalypse. Thus a CH 7 is economically next to impossible as they'll get bailed out by the Government. That doesn't mean a CH11 reorganization isn't possible yet I'd say even that's somewhat far fetched to a degree. However, if you run the clock out long enough it becomes more and more possible I suppose. Worse case scenario right now I think is a concessionary CBA and furloughs for the bottom 3rd in my opinion though that's probably a year or more off and only if Covid sticks around in Plandemic Mode. This is true especially if the economy fails to change course which is anyone's guess. Market volatility is now the new normal and the market could come roaring back in a way that makes little sense. Anyone claiming certainty of any particular economic direction is just giving you their best guesstimate based on solid concrete nonsense.

Look at the facts. There's no real rational reason why the economy never really had a hard crash from Covid. It should of (and it may yet) and the adjustment territory getting flirted with at present is as much as likely to turn around this week than continue to tumble. The normal market indicators don't seem to matter anymore and even the Quant based super computer models are going haywire at every trading house.

Will American furlough again at some point? That's probably the only thing that is an actual certainty, but collapse and go under? No way. Same for Delta, Southwest and United. If covid does flame out in the shorter term I doubt the pilot group at American will have to worry about concessions or furloughs as opposed to a simple hiring freeze for the near future. Seems everyone likes to forget about American's 21 Billion on hand in cash and their plans to pay down debt this year. That's BILLION with a B!

That's all my opinion as my crystal ball is presently in the shop.