Downtime

Ok so sure you can submit an OP-ED to Forbes and they can publish if they want. The difference is they won’t just publish it. You won’t find a bio like the ones on seeking Alpha that say I have managed my families portfolio for years blah blah blah. I am gonna go out a limb and guess the editorial review process is more stringent at Forbes then seeking alpha.

JulesWinfield

Well, the linked article was from a former newspaper report who covers airlines, not a financial analyst. That's why it is extremely short on actual financial data. I guess my point is that you should just look at the data yourself, as it is readily available. Don't trust kids in their mom's basement on Seeking Alpha, or a beat writer that didn't bother to do any real financial research before submitting his article to Forbes.

Downtime

Sure and I have and I have listened to the reports from our creditors and the credit rating agencies that don’t see AA as a bankruptcy risk right now. Your argument seems to be well what if you aren’t making enough revenue in 2-5 years well I’ll be honest I don’t know. That said in all of these predictions you see you have to remember no body saw a hit like this coming.

DesertDog

Senator Burr saw it coming & hit the eject button

Downtime

Yeah he is better end up in ********** jail for that stunt. That is the third time he has used confidential information to cash out a head of a crash. That exactly what he saw coming was a crash I. The short term and got clear out of. When Paulson told him in 08 the credit markets were going to seize he cashed out his stocks and pulled of his money out of banks as well. I would not take his advice for long term investments and as he seems to always avoid the crash. Sorry I am pretty sure you were being some what sarcastic but he has climbed to the top of my politician ******** list.

FA24

And now for the opposing viewpoint on Seeking Alpha:
https://seekingalpha.com/article/434...nkruptcy-fears
And now for the opposing viewpoint on Seeking Alpha:
https://seekingalpha.com/article/434...nkruptcy-fears

Summary

American Airlines is far closer to cash flow positive despite limited domestic air travel.

The market still isn't correctly factoring in the $4.1 billion PSP grant into daily cash burn rates.

The airline could approach daily cash flow breakeven at 30% capacity levels of 2019.

The stock is a buy below $10 as the airline faces limited bankruptcy risk.
Reason for Editing:added summary

JC145

Looks like they are going to cut 30% of management and support staff come October 1st

https://americanairlines.gcs-web.com...6201-20-000069

El Peso

Parker says ticket sales are outpacing cancelations. And it’s tickets for flights in the distant future, not just price stimulated short term sale.

https://youtu.be/j-WXihibbW4

RhinoPherret

article from Investor!s Daily

More Airlines Plan Big Layoffs Despite Taking Billions In Bailout Money

• GILLIAN RICH
• 04:03 PM ET 05/28/2020

American Airlines stock fell Thursday after a letter to employees outlining planned job cuts due to the coronavirus surfaced late Wednesday. Delta Air Lines (DAL) also began offering early retirements and voluntary buyouts.

In the staff letter, American Airlines (AAL) said it would cut its management and support staff by 30% and could cut frontline employees like flight attendants following the severe drop in travel amid the coronavirus crisis.

American is first going to accept volunteers for buyouts through June 10, then announce them in July. But the employees will remain on the payroll through Sept. 30 as mandated by the bailout terms from the federal government.

American has received $5.8 billion in bailout money so far and has applied for another $4.75 billion.

"We must plan for operating a smaller airline for the foreseeable future," Elise Eberwein, American's executive VP of people and global engagement, wrote to staff Wednesday.

Delta Air Lines detailed voluntary job cuts Thursday, with additional plans to offer early retirement to its unionized pilots expected to come out next week, according to a memo seen by CNBC.

The job losses add to the mounting toll in the aviation sector. On Wednesday, Boeing (BA) said it was cutting 12,000 jobs, including nearly 7,000 involuntary layoffs as demand for aircraft falls amid Covid-19. United Airlines (UAL) has also warned of a 30% cut in administrative staff, or at least 3,450 people.

United has received about $5 billion in bailout money and Delta about $5.4 billion as part of an overall $25 billion federal rescue for the industry.

American Airlines Stock

Shares fell 8.35% to 10.98 on the stock market today. American Airlines stock is now testing its 50-day line and still well under its 200-day line, according to MarketSmith chart analysis. United shares were down 5.9%, Delta lost 2.5%, Southwest Airlines (LUV) fell 3.3%. Boeing climbed 0.2% after restarting 737 Max production, but closed well off session highs.

While travel demand has seen a slight monthly uptick, lifting American Airlines stock and its peers, a full recovery is years away.

Air travel fell 96% in April and the International Air Transport Association estimates that passenger traffic won't return to prepandemic levels until 2023.

Also Wednesday, American Airlines CEO Doug Parker said he expects the U.S. industry will be 20%-25% smaller next summer vs. 2019 but dismissed speculation that a major U.S. carrier will go out of business.

chrisreedrules

Is AA still limiting load factors?