View Poll Results: Will AA declare bankruptcy?
Yes
219
70.65%
No
91
29.35%
Voters: 310. You may not vote on this poll
Bankruptcy
03-05-2021, 04:27 AM
#361
Eating A Gruben
Joined APC: Feb 2020
Posts: 1,065
Originally Posted by ny797
Will AA go bankrupt anytime soon? Probably not. But if I were a prospective new hire, I'd steer far clear of coming here vs pretty much any other major, LCC, or ULCC. Never would have said that a year ago, unfortunately our management is too arrogant to realize that they're going to have a huge problem recruiting in the future for both here and the WO's, as the flow is essentially worthless.
I’m not saying that AA is the best choice when you take the long view, just saying when it comes down to it it’s a gamble on the future of the company and how it effects your career trajectory. That gamble looks different for everyone.
Don’t forget that even highly qualified candidates don’t have pick of which company they want to work for. I wish they’d have a shortage of people coming here but I don’t see it.
03-05-2021, 02:07 PM
#362
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,304
Originally Posted by sanicom3205
Its a tough bet to make. I agree, we’re a dumpster fire of a company right now. But if you’re a 30 year old with your eyes on a major, you should be looking at the aggregate of the 35 years you have left. The AA, Delta, United etc of today will look completely different in five or ten years, yet alone 20.
I’m not saying that AA is the best choice when you take the long view, just saying when it comes down to it it’s a gamble on the future of the company and how it effects your career trajectory. That gamble looks different for everyone.
Don’t forget that even highly qualified candidates don’t have pick of which company they want to work for. I wish they’d have a shortage of people coming here but I don’t see it.
I’m not saying that AA is the best choice when you take the long view, just saying when it comes down to it it’s a gamble on the future of the company and how it effects your career trajectory. That gamble looks different for everyone.
Don’t forget that even highly qualified candidates don’t have pick of which company they want to work for. I wish they’d have a shortage of people coming here but I don’t see it.
I wouldn't not accept a job at AA either, unless you have other offers. Most folks don't have multiple offers in hand before their class date, but some mil do, at least in good times.
03-05-2021, 06:21 PM
#363
Line Holder
Joined APC: Mar 2015
Posts: 77
Originally Posted by Cyio
Is this satire? I only ask because I had to look up "traditionalist" and they are essentially in their 80's or dead by now. Is there another meaning I am not aware of?
https://www.google.com/amp/s/finance...110150405.html
03-06-2021, 08:04 AM
#364
Gets Weekends Off
Joined APC: Feb 2019
Posts: 198
Originally Posted by Al Czervik
I don’t know about WO’s but..
They won’t have a problem with recruiting here. If you can make 200k you second/third year you’ll always have a line of people.
They won’t have a problem with recruiting here. If you can make 200k you second/third year you’ll always have a line of people.
03-08-2021, 05:12 AM
#369
Line Holder
Joined APC: Mar 2015
Posts: 77
Man, I came looking for scientific discussions on if we were going bk or not. I have been mislead down the rabbit hole of WO/mainline/flow/who owns me again and I still don't get it after all these years.. or maybe I just don't care. Time to go back to flying my magic brazilian bicycle with wings and contemplate when flow will start up again.
ALSO: Any rumors on when they are starting classes back up while we are all here? Heard 3rd hand knowledge of summer-ish.
ALSO: Any rumors on when they are starting classes back up while we are all here? Heard 3rd hand knowledge of summer-ish.
03-08-2021, 05:43 AM
#370
Line Holder
Joined APC: Mar 2015
Posts: 77
Discuss:
CNBC: American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt- March 8, 2021
https://www.cnbc.com/2021/03/08/amer...r-program.html
Sounds like AA doesn't like the government's money. Do we have any assets left to leverage?
---------
EDIT: I suspect AA doesn't like this term in their lending agreement with the treasury because I remember saying to myself the same thing: "The transaction agreement includes covenants by the Company to comply with certain restrictions on employee compensation, stock repurchases, dividends, and reductions in employment levels, as required by the CARES Act. Treasury will receive warrants to purchase common stock equal to 10% of the total loan amount drawn."
So we are just going to get the money elsewhere with more favorable terms. I also learned a thing... We incorporated AAdvantage in the Caymans.. love it
CNBC: American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt- March 8, 2021
https://www.cnbc.com/2021/03/08/amer...r-program.html
Sounds like AA doesn't like the government's money. Do we have any assets left to leverage?
---------
EDIT: I suspect AA doesn't like this term in their lending agreement with the treasury because I remember saying to myself the same thing: "The transaction agreement includes covenants by the Company to comply with certain restrictions on employee compensation, stock repurchases, dividends, and reductions in employment levels, as required by the CARES Act. Treasury will receive warrants to purchase common stock equal to 10% of the total loan amount drawn."
So we are just going to get the money elsewhere with more favorable terms. I also learned a thing... We incorporated AAdvantage in the Caymans.. love it
Last edited by victormike; 03-08-2021 at 06:02 AM.
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