Originally Posted by
Al Czervik
Current.
Current debt:
AA 38b
UAL 33b
DL 25b
It will be interesting to see UAL/DL debt when fleet replacements are complete. AA dug itself into a debt hole right before the pandemic (which may or may not turn out to be a good move).
AA’s main focus is deleveraging. They need DL efficiencies. No one at AA is comfortable making less money that DL with a larger operation. AA does a lot of things wrong but I think we may be in a good position moving forward.
Debt doesn’t mean anything without including assets. Assets - debt = equity and every legacy besides AAL is positive equity.
American is -8.4b in equity and getting larger every quarter. Which means less assets more debt EVERY QUARTER.