Total cash on hand has no bearing on when to declare bankruptcy. It's about solvency and many other factors. Not sure where "I believe the number is about 1 billion remaining. That is when declare BK." came from.

 

i don’t think we’ll hit those targets myself, but I also don’t think we’ll be out of the ballpark either. And by next summer, it won’t make sense to furlough with guys still out on EIL and a marked recovery for summer 2022 being all but certain.

 

Straight from the top. Watch the videos.

 

Most of this is fear mongering and nonsense. We are not going bankrupt. The F/A play was about, “ease of use and dollars in play.” Some of the 400 will be immediately recalled. It honestly looks like we will be very near cash burn zero by the first of the year. I think CARES II will happen, if not AAL sets into bankruptcy port, 6 months from now. Company will ask for all kinds of things in the coming months, we just need to drag our feet and give them nothing. Right now summer of 2022, 252 narrow body aircraft.

 

The stock price and the stock market are completely disconnected from economic reality. A half wit vaccine and the coming pro-regressive elections will not fix the free-falling economy. Add to that, we are back to competing with the automobile/small frame motorhomes for leisure travel....Former airline passengers are going to stay away from flying not out of fear but because they are out of patience with the hysteria that surrounds air travel. All of the asinine surveys that show pax like the mask are coming from 75% of the 30% who are traveling. Lots of people are discovering how good it is to jump on the road and make the trip part of the experience.....I think we will never make it to cash burn zero. They may plug most of the leaks but we will still be slowly sinking

 

I am not an expert in investments, but my investments management firm (who has consistently beaten the markets averages for decades) and others I read are. The stock market, aside from day to day ups and downs, is forward looking. It says where investors think the economy will be 6 to 30 months from now.

This is not “oh, the markets went up today because the sun was shinning” and “oh, the markets went down because my wife frowned at me.” These are what the talking heads of the media and the news articles say. This is not the long term perspective on the markets.

The stock market has always been forward looking in the past, it is forward looking today, and always will be forward looking in the future.

The economy can be in the tank today, the markets are more optimistic for the economy as a whole 6 to 30 months out.

In the long term, stock market is a leading economic indicator. Sales is a coincidental economic indicator. Unemployment is a lagging economic indicator. You can “take this to the bank”.

 

Come on lets get real. This entire stock market rally is based on the liquid back stop the Feds have provided. If the Feds never bought the bonds and pumped a trillion+ to float this stock market, the crash would have continued from 18,300 down to about 7,000. THAT is where the stock market should be. If tonight the Feds announced they're ending all backstop, buying of bonds, pulling all support out of the market, the circuit breakers will be tripping in a heartbeat. The Feds even hinted that if buying bonds isn't enough they'll even start buying certain stocks if that's what it takes. It would be a zombie market, as Mohamad El-Erian said.

 

You can keep thinking that if you want. What I said has a long track record of ups and downs, dating back a hundred years. It’s too bad many people think otherwise.

 

Sir John Templeton, famously said, "Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria."

We are in the skepticism stage. You’re opinion is proof.

 

never take investment or marital advice from
an airline pilot.