Originally Posted by
FenderGL
Thanks all for the quick inputs, seems to line up with what I was thinking. My only concern I guess would be: if AA did have to hypothetically file BC in the next 12-24 months, what kind of impact would that have on me as a relative new hire?
Do you believe AA will go the way of TWA, Eastern, etc? Very unlikely in this day and age. Major impact to the US economy.
More likely case is Ch 11. Contracts get restructured (not just labor contracts) and debt get wiped out. New corporate umbrella and new livery. The need for pilots and the number of retirements isn't going to change so mass layoffs unlikely in that scenario. Maybe a few more years under a crappy contract dating to the last bk.
Dark horse is if AA gets broken up in a bk. That could happen if .gov gets involved in a bailout especially if dems in office. That could affect pilot lives. Fragmentation language may offer protection, pilots go with the airplanes but is that really desirable? And what happens to the pieces? bought by other legacies making their economic footprint even bigger? Sold to SWA or a ULCC? New airline? This scenario has a lot of questions which makes it unlikely.
No most likely you just keep doing what you're doing and put up with a crap contract for another cycle.