Originally Posted by
Name User
I'm comparing the fact AA lost money over the summer to Spirit, not the entire airlines financial situation.
If we are losing money over the summers that doesn't bode well for winter.
Just because you have assets doesn't mean those aren't leveraged to the hilt like ours are. That's like saying you own your house when the mortgage is 110% if it's value.
AA owes more than its assets are valued.
Did we lose money over the summer? They've guided low which is often a stock price management tactic. We need to wait until next week to see if the quarter was actually a loss. I don't expect it to be a barnburner but I would be less surprised by a small profit than a loss.