How low can they go!
06-21-2020, 07:57 PM
#2
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,289
06-22-2020, 02:20 AM
#3
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by Laminar
Bankruptcy on the horizon?
As AAL approaches 60 billion in debt, how low can they go?
As AAL approaches 60 billion in debt, how low can they go?
$34 billion at the end of the first quarter, expected to reach $41 billion by the end of June.
https://www.google.com/amp/s/www.bar...ok-51592406542
06-22-2020, 06:38 AM
#8
New Hire
Joined APC: Jan 2019
Posts: 9
Originally Posted by ERAUAV8TR
Debt 33 B
Liabilities 60 B
Not much cash on hand.
They are taking out more loans weekly.
Burning 70 Mil a DAY .....poof
Liabilities 60 B
Not much cash on hand.
They are taking out more loans weekly.
Burning 70 Mil a DAY .....poof
You totally made the right decision going to United instead of flowing from Envoy...........
Al posted a good article, maybe you should read it.
06-22-2020, 06:59 AM
#10
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
The numbers if anyone is concerned with facts anymore:
Debt: 33.44B
Cash: 4.0B
Cares payroll grant 5.8B
Cares Loan: 4.75B
Available liquidity: 6.8B
Cash at end of June: 11B
AA is burning 40-50m/day and decreasing.
Debt: 33.44B
Cash: 4.0B
Cares payroll grant 5.8B
Cares Loan: 4.75B
Available liquidity: 6.8B
Cash at end of June: 11B
AA is burning 40-50m/day and decreasing.
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