Originally Posted by
dera
Liquidity, not cash. Maybe a technicality to some.
Total noncurrent liabilities
54,777
Total current liabilities
19,005
That's end of 2021 statement. These numbers are approx. 5 billion higher than end of year 2020.
I also don't think pilot contracts are the first to go. They would spin off WOs and get rid of a lot of fat before they can substantially touch the pilot CBA.
I think there is no near-term risk of bankruptcy to be honest. I think in a few years if there is not a return of business and international travel to 2019 levels profit will be a challenge. And I think in general, the full/premium-service airlines are going to be trying to figure out how to pivot to more budget-savvy travelers. There’s always going to be a niche premium traveler, but maybe not enough to support a bunch of carriers offering premium services. Time will tell and a lot will change over the next couple of years. The regionals are going to look anemic in just a year and likely headed towards some type of collapse in 2 years with the current trends. More flying will have to be brought back in-house. I don’t think AA will need to spin anyone off, they’ll just absorb the pilots and reduce the flying.