Sept Vacancy, Holy H*ll!!
05-09-2020, 02:59 AM
#92
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Joined APC: Mar 2014
Posts: 779
Originally Posted by Speed Select
Same.
With the big Airbus lease prices coming due in 3022, I get the sense that AA has no choice but to plan as if revenue completely returns next summer. Anything less/ would mean bankruptcy anyway, so full steam ahead until then in hopes of a more V-shaped reconvery..
Hope I’m wrong and it works out for everybody.
With the big Airbus lease prices coming due in 3022, I get the sense that AA has no choice but to plan as if revenue completely returns next summer. Anything less/ would mean bankruptcy anyway, so full steam ahead until then in hopes of a more V-shaped reconvery..
Hope I’m wrong and it works out for everybody.
This seems like the most reasonable explanation for our relatively large planned headcount next year.
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05-09-2020, 07:42 AM
#97
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Joined APC: Feb 2016
Position: NBC
Posts: 763
Originally Posted by iahflyr
What comes due in 2022? I’m not familiar with that.
05-09-2020, 08:11 AM
#98
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Joined APC: Feb 2014
Position: Semi-Retired...
Posts: 3,139
Originally Posted by cactipilot
Finally someone mentioned the elephant in the room! It makes sense to me that hey, go big or go home can actually be a corporate philosophy 
It may be known that if AA doesn't have a miraculous recovery then it's BK city anyway, so might as well get it over with this year. I don't see how Delta and United can compete with an American who went from zero to hero via chapter 11, thus forcing them into a reorganization also.... Feel free to provide feedback on this hypothesis.
It may be known that if AA doesn't have a miraculous recovery then it's BK city anyway, so might as well get it over with this year. I don't see how Delta and United can compete with an American who went from zero to hero via chapter 11, thus forcing them into a reorganization also.... Feel free to provide feedback on this hypothesis.spit-balling…..
The flip side is Parker having convinced the BOD that the recovery will be a hard V, and that with both United & Delta sharply cutting capacity, AA could roll in as the only game in town for a while building brand loyalty.... and endless advertising of having never laid off a single employee during the recent crisis unlike every one of their competitors. Major bragging right if that happens. If not, then the top heads would be rolling one way or another either way in the eventual BK, so they've got nothing to lose rolling the dice.
05-09-2020, 11:22 AM
#100
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Joined APC: Sep 2016
Posts: 774
Originally Posted by GPullR
No not at all. I have lots of friends at AA, hope they all do well. I just think for anyone to believe that thinks are going to be fine short term and believe somebody like Parker is crazy. I think UAL is trying to get ahead of the game with (hopefully) worst case scenario. Its much easier to say, just kidding Sept 30th then the opposite. I think parkers route is much easier for people to take but not realistic in the least. Would bet AA, UAL and Delta all furlough 2-3k come October 1st.
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They are issuing new stock and issuing bonds at 11%.
I think AA has breathing room by being able to just pay interest until 2022.
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