NorthwestAA

https://www.airfarewatchdog.com/blog...vid-19-crisis/

This ones for you OCD, oops I mean OTZ. Take over our flying? That’s what you’ve been doing on the west coast for the last 20 years. Maybe I won’t have to leave the 787 and go back to 737s after all. Bwahahaaaaa!

rickair7777

Winners/Losers & M/A

Mea25000

When I read an argument vetted, proven and perfected to this level, I mean wow, wow. I think all the analysts say only like the opposite but yes, thank you. You should forward this to Jamie Baker, he must have missed all this information in his recent evaluations . It is no wonder why you have 13 million. Thanks for taking the time out of your busy day to share such tidbits, with us lowly narrow-body pilots. This whole argument is substantiated by such sound financial data, all I can say is, it has to be 100% true. We are in the presence of greatness, you sir are the smartest man in the whole world. Thanks again for sharing!

beancounter

Not cool, Alaska pilots are our brothers and sisters in this. Now Delta......... just kidding.

beancounter

I’m not disagreeing with you, but please use someone better than Jamie Baker for your argument. Isn’t he ranked like 6000 out 6400 analysts. I could rank higher.

Royal

Wow an opinion piece on Air Travel. American Airlines market cap is 4.39B. Alaska, a fraction of the size, is 3.43B. Sounds like people with money in the game have a different opinion.

NorthwestAA

"Market cap, also known as market capitalization is the total market value of all of a company'soutstanding shares. It is also incorrectly known to some as what the company is really worth, or in other words the value of the business."

There, got it for you straight out of the hit book Investing for Morons.

waterboy

I think AA is in the worst shape, and the only reason why anyone is buying AAL stock right now is because they believe "they are too big to fail"

Look at at their financials. Its a mess. Delta, widely regarded as having one of the best management teams in the industry, reported yesterday that it was burning $100mm/day! So I will assume, AA is burning at least that, if not more. I'm thinking more. They also have the least amount of cash going into this pandemic with $3.8B, vs DL with $6B and UA with $5B. American has the most Debt by far, with $33.4B. Not including the additional $6.5b loan it just took from the Treasury. AA also has negative stockholder equity, DL has $15B, and UA has $11.5b. And AA has the worst credit rating.

I hope AA makes it through, but they are definitely in the worst shape. So you can get off your high horse.

Al Czervik

I like our chances compared to anyone else. We carry a lot of debt at AA. It’s been managements tactic for American to “get it while it’s cheap.” AA is done with fleet replacement (all 75/76/A330-300/190’s gone)/ building a new HQ and major infrastructure spending. Others will see these costs in the future.

Your numbers are a little off though:

From American’s 8K
(all coming into this)

debt:
34b total
23b net

assets:
8b cash
10b unencumbered assets
3b unsold miles

av8or

only in the airline industry can someone spin being at the bottom of customer service, financials and employee morale as a net positive going into/out of the worst hit to the global economy since the depression..... as a net positive far superior to their competition.