Does anyone actually understand the terms and rates of airline financing? How often do they have to refinance their debt? In times of record inflation, debt is good to have, if done properly. My 2.75% mortgage looks like free money right now.

AA will lose 5000 high cost pilots in the next several years. Fuel prices will go down. Business travel will return and so will international.

On paper, it's not a pretty picture. However, I'm not terribly worried... yet.