ACEssXfer

Disagreement in terms. "temporary reduction of guarantee" Is probably more appropriate.

ny797

Honestly I'm real sick of hearing this bankruptcy argument. The company says it's not a near-term worry, but most importantly, Wall Street says its not a likely near term possibility. Yet once again, APA KNOWS BEST and they pivot their entire negotiating capital around this dis-proven argument. Or it's just easier to say that to justify their pitiful actions. Let's get ALPA in.

Al Czervik

chrisreedrules

You do realize what is said in public and told to investors is not what is said behind closed doors right?

ny797

So you're going to sit here and tell me that APA was given an inside track to AA's likelihood of bankruptcy, but they had zero idea of an upcoming JetBlue codeshare? I'd LOVE to hear this explanation.

tnkrdrvr

The real shocker is all the folks who are “shocked” that business fundamentals are more important than number of retirements. AA has been a **** show for as long as I’ve been a pilot. Anyone who tied their career to AA voluntarily or not is getting an unwelcome lesson on the negatives of working for a poorly run corporation. Covid isn’t their fault, but something was bound to upset the pax applecart. AA has been the sick man of the pax business for a long time. Covid is simply driving a stake through it.

ACEssXfer

Fine. Tell me then. Why can they do it and we can't

Al Czervik

Sorry, I thought you were correcting me on the Delta language. I believe the bottom of their ALV (in the mitigation agreement) is higher than our contractual bottom. So AA can currently build lower time lines that DL (with their agreement) thus no need for AA to ask for that. No leverage.

chrisreedrules

I have no idea what APA knows. But I would expect that they have retained the services of a consulting or advisory company that has given them the breakdown of the financials and the implications. The thing about numbers is that they don’t really lie. Regardless of what AA says in public the numbers are the numbers.

sanicom3205

Should have stopped while you were ahead.

You're bending over backwards in an effort to defend a union you aren't a member of, that represents pilots at a company you don't work for. Even if we run with your argument, you think it wise to listen to the one firm who won't publicly talk about bk risks at AA, but will do it behind closed doors and refuse to share it's findings with the pilot group. Simultaneously, have a committee release data to the pilot group downplaying bankruptcy risks just to make your negotiating tactics look even worse. It's incompetency no matter how you look at it.

Or, you can keep it simple and look at available liquidity available to AA. Then take a peek at cash burn and tell me how close we are to chapter 11 today. You think the courts are going to let them restructure for funsies when they have billions in untapped cash? That's not how any of this works.

That, Chris, is your confirmation bias shining through. You've publicly discussed us going out of business, so you'd rather keep down that trail and argue for more pilots on the streets than admit you are wrong.