Originally Posted by
Elevation
Interesting observations here. We see different scenarios since we see different scopes of risk.
What about AAWH? Holdings is principly an investment company. So while our airline's business may be robust we share risk to a great degree with holdings.
What are people's perspectives on risk to us from difficulties that can potentially impact AAWH as demand for aircraft change, finance terms change and so on?
This is my point. The business model is strong, even considering the other subsidiaries. Any risk to crews has always come from
inside the organization, not outside.
In point of fact, Atlas actually declared bankruptcy once, due to financial shenanigans by the second CEO Rick Shuyler who took over after the original founder/CEO Michael Chowdry died. Shuyler cooked the books, so the SEC canceled the original stock. Bankruptcy was declared in order to wipe the slate clean, so to speak.
https://www.joc.com/air-cargo/atlas-..._20040201.html
https://www.sec.gov/litigation/admin/2007/34-55556.pdf
Former TWA CEO Jeff Erickson took over at that point. He apparently had a reputation as a "cleaner" or "reorganizer" and the company emerged from bankruptcy in July 2004 with $7 million in cash. AAWH has been profitable ever since.
I say again: the business model is solid. Executive ethics are a bigger threat to crews than the economy.