Pump N Dump. Flowthroughs go to AA, which lowers the average seniority (lower labor cost). Upgrades happen (pilot morale technically should improve). New aircraft deliveries (9 more CRJ700s still to be delivered). Lots of fanfare and press releases about how American Eagle Airlines is growing and prospering.

Then IPO

Then AMR removes the CRJs from Eagle, after sending out RFPs to Skywest, RAH, Mesa etc. Park the ATRs and contract Colgan to fly Q400s on our current prop routes. Get another lowballer to fly their surplus 50seaters in the base of your choice (JFK/LGA, ORD, DFW, LAX).

American Eagle stock tanks, AMR stock jumps. Execs collect bonuses and have a party. When Eagle declares BK they will be purchased by SKYW/RAH/Pinnacle.