How long will it last?
10-05-2020, 03:06 PM
#6
Gets Weekends Off
Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,599
AA has enough cash to last until summer 2021. They can’t go to bankruptcy penniless however so I would expect them to declare much sooner than many are anticipating. The sooner they declare the sooner they stem their cash burn. The wild card in bankruptcy will be what it has been this whole time... government intervention. Because if we are still only seeing a 30-40% passenger count compared to 2019 by spring / summer 2021 the market absolutely can shed a legacy. And if you think it will be much better than that by next summer all I will say is I pray you are right. Gary Kelly just said they don’t even see a real beginning to a recovery until late 2021 at the earliest.
10-05-2020, 03:12 PM
#7
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by chrisreedrules
AA has enough cash to last until summer 2021. They can’t go to bankruptcy penniless however so I would expect them to declare much sooner than many are anticipating. The sooner they declare the sooner they stem their cash burn. The wild card in bankruptcy will be what it has been this whole time... government intervention. Because if we are still only seeing a 30-40% passenger count compared to 2019 by spring / summer 2021 the market absolutely can shed a legacy. And if you think it will be much better than that by next summer all I will say is I pray you are right. Gary Kelly just said they don’t even see a real beginning to a recovery until late 2021 at the earliest.
10-05-2020, 03:31 PM
#8
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Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,599
Originally Posted by pangolin
Anecdotal on Aa. Seeing full first class with upgrades denied on dead heads and commutes.
10-05-2020, 03:47 PM
#9
Gets Weekends Off
Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by chrisreedrules
Right. I hear this a lot. “But airplanes are full!”... We are still only carrying roughly 30-40% of the 2019 passengers on about half of the airplanes that were flying a year ago and each major airline is burning through millions of dollars /day with no end in sight. But hey, tell yourself whatever you want.
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