Originally Posted by
Brickfire
AA is absolutely too big to fail in any normal bankruptcy situation
Bond holders and lessors get wiped out, somebody will absolutely buy the assets for $2billion or whatever
AA, UAL, DL are all about the same size both with the pilot group and debt. AA and UA have almost identical long term debt. AA is focusing on paying down said debt. UA is focusing on rebuilding their fleet and going into more debt by growing both the fleet and pilot group.
We’re all “too big to fail”… just like Bear Stearns and Lehman brothers... The survivors of a major economic downfall would probably be the ULCC’s but that’s after they furloughed the majority of their list.