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
03-26-2021, 05:16 AM
#461
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by rickair7777
I had a guy tell me in person that the flow was created so that AA could identify the best of the best of the best of the best very early in their careers and ensure they were locked on a path to mainline AA. This was a jumpseater. In the cockpit of another legacy.
03-26-2021, 05:27 AM
#462
Gets Weekends Off
Joined APC: May 2018
Posts: 109
Originally Posted by sanicom3205
Management has its reasons, and so do pilots. Tell the guys and gals from PSA and Piedmont who flowed in just under five years that, and I’m sure they could care less what managements intentions are.
Anyway. I don’t think we’re going bankrupt
Anyway. I don’t think we’re going bankrupt
You’ve already gone bankrupt. The American taxpayer bailed you out.
Take the opportunity to thank them at your earliest convenience.
03-26-2021, 05:38 AM
#463
Gets Weekends Off
Joined APC: Jan 2021
Posts: 1,121
Originally Posted by Happyflyer
I think you are correct, it's built to keep them there and it works. Many don't have an app at UPS, Spirit, Southwest, Fedex, Frontier, JetBlue, or American.
Update Delta and United a couple times a year. Have the bidding seniority of someone hired in the mid to late 1980's at other RJ carrier, and earn 6 figures getting 15-16 days off. They perceive it as a true blessing.
AA's balance sheet is not outside of any historical norm. Airlines have never been conservative investments, and for decades ALL airlines were considered Toxic.
Southwest and Delta's balance sheet have really only pulled away from a historical norm since 2013-2014 when fracking brought oil prices way down.
Warren Buffet jumped in and now all of a sudden, investment grade bonds, or a strong balance sheet are pilot considerations. Outside of profit sharing (which have become substantial), it means nothing really.
Update Delta and United a couple times a year. Have the bidding seniority of someone hired in the mid to late 1980's at other RJ carrier, and earn 6 figures getting 15-16 days off. They perceive it as a true blessing.
AA's balance sheet is not outside of any historical norm. Airlines have never been conservative investments, and for decades ALL airlines were considered Toxic.
Southwest and Delta's balance sheet have really only pulled away from a historical norm since 2013-2014 when fracking brought oil prices way down.
Warren Buffet jumped in and now all of a sudden, investment grade bonds, or a strong balance sheet are pilot considerations. Outside of profit sharing (which have become substantial), it means nothing really.
03-26-2021, 06:17 AM
#464
On Reserve
Joined APC: Mar 2019
Posts: 23
Originally Posted by Bungalow
[/b]
You’ve already gone bankrupt. The American taxpayer bailed you out.
Take the opportunity to thank them at your earliest convenience.
You’ve already gone bankrupt. The American taxpayer bailed you out.
Take the opportunity to thank them at your earliest convenience.
Along with every other airline in the US, except for maybe Allegiant.
I know it’s good clickbait to attack American, but no airline was immune from this unprecedented event.
You probably are the type that thinks Delta would’ve made it out perfect. Wrong. Southwest? Not. United? Nope. I’ll give you Allegiant, they are the highest airline stock and had the cash to make it for sure.
But, yea, American Airlines was the only carrier that absorbed financial impact from covid. It only broke out in DFW, CLT and MIA. Every other city was fine for travel, so every other airline didn’t receive government money and kept flying high on their own dime, right?
Gary Kelly never made a trip to DC to lobby for the second and third round of PSP, surely he wouldn’t need to because they would never need that kind of free money at Southwest!
Now go ahead, talk about their debt. It’s all debt from buying too many flat screen TVs for their friends, definitely not any debt that involved fleet renewal. Oh and stock buybacks they did, that was horrible. Warren Buffet wouldn’t even do stock buybacks, those are so horrible he would say, right?
Delta was the only airline to make the best investments through/prior to covid, their decisions paid off the best!
03-26-2021, 08:29 AM
#465
Gets Weekends Off
Joined APC: May 2018
Posts: 109
Originally Posted by Pebbles
Along with every other airline in the US, except for maybe Allegiant.
I know it’s good clickbait to attack American, but no airline was immune from this unprecedented event.
You probably are the type that thinks Delta would’ve made it out perfect. Wrong. Southwest? Not. United? Nope. I’ll give you Allegiant, they are the highest airline stock and had the cash to make it for sure.
But, yea, American Airlines was the only carrier that absorbed financial impact from covid. It only broke out in DFW, CLT and MIA. Every other city was fine for travel, so every other airline didn’t receive government money and kept flying high on their own dime, right?
Gary Kelly never made a trip to DC to lobby for the second and third round of PSP, surely he wouldn’t need to because they would never need that kind of free money at Southwest!
Now go ahead, talk about their debt. It’s all debt from buying too many flat screen TVs for their friends, definitely not any debt that involved fleet renewal. Oh and stock buybacks they did, that was horrible. Warren Buffet wouldn’t even do stock buybacks, those are so horrible he would say, right?
Delta was the only airline to make the best investments through/prior to covid, their decisions paid off the best!
I know it’s good clickbait to attack American, but no airline was immune from this unprecedented event.
You probably are the type that thinks Delta would’ve made it out perfect. Wrong. Southwest? Not. United? Nope. I’ll give you Allegiant, they are the highest airline stock and had the cash to make it for sure.
But, yea, American Airlines was the only carrier that absorbed financial impact from covid. It only broke out in DFW, CLT and MIA. Every other city was fine for travel, so every other airline didn’t receive government money and kept flying high on their own dime, right?
Gary Kelly never made a trip to DC to lobby for the second and third round of PSP, surely he wouldn’t need to because they would never need that kind of free money at Southwest!
Now go ahead, talk about their debt. It’s all debt from buying too many flat screen TVs for their friends, definitely not any debt that involved fleet renewal. Oh and stock buybacks they did, that was horrible. Warren Buffet wouldn’t even do stock buybacks, those are so horrible he would say, right?
Delta was the only airline to make the best investments through/prior to covid, their decisions paid off the best!
If it helps your panties to not bunch so tight, I could have said the same about every other airline. Happy ?
Now go enjoy your time off courtesy of the American taxpayer.
03-26-2021, 08:31 AM
#466
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,503
Originally Posted by Pebbles
Delta was the only airline to make the best investments through/prior to covid, their decisions paid off the best!
Delta on Tuesday posted a net loss of $5.7 billion for the second quarter, its largest quarterly loss in 12 years. The Atlanta-based airline took $2.1 billion in charges tied some of those investments in foreign airlines. It wrote down $1.1 billion on its investment in LATAM Airlines, Latin America’s largest carrier, which filed for Chapter 11 bankruptcy protection in May, less than a year after Delta announced it was buying a 20% stake, snatching the carrier away from its previous partner, American.
It also took a $770 million write-down in its Aeromexico investment after suffering financial losses and the Mexican airline filed for Chapter 11 bankruptcy protection. And Delta took a $200 million charge on its investment in Virgin Atlantic.
Delta still has a framework in place for strategic partnerships with those airlines, which gives it further reach into those markets and vice versa.
Delta noted that the governments in these airlines’ home countries didn’t provide financial support like the $50 billion in loans and direct federal aid set aside for U.S. airlines.
“While each of these is disappointing, none of our partners’ home countries were prepared to provide governmental financial support similar to what the U.S. Treasury did with the CARES Act which necessitated their decisions to restructure,” Delta CEO Ed Bastian said on an earnings call Tuesday. “We have the most -- the utmost confidence in all of our partners and remain firmly committed to our partnerships, which will be important when we rebuild a much more resilient international network in the recovery.”
It also took a $770 million write-down in its Aeromexico investment after suffering financial losses and the Mexican airline filed for Chapter 11 bankruptcy protection. And Delta took a $200 million charge on its investment in Virgin Atlantic.
Delta still has a framework in place for strategic partnerships with those airlines, which gives it further reach into those markets and vice versa.
Delta noted that the governments in these airlines’ home countries didn’t provide financial support like the $50 billion in loans and direct federal aid set aside for U.S. airlines.
“While each of these is disappointing, none of our partners’ home countries were prepared to provide governmental financial support similar to what the U.S. Treasury did with the CARES Act which necessitated their decisions to restructure,” Delta CEO Ed Bastian said on an earnings call Tuesday. “We have the most -- the utmost confidence in all of our partners and remain firmly committed to our partnerships, which will be important when we rebuild a much more resilient international network in the recovery.”
03-26-2021, 08:40 AM
#467
Gets Weekends Off
Joined APC: Apr 2020
Posts: 250
Originally Posted by Bungalow
Chill out tiger. It wasn’t directed to AA.
If it helps your panties to not bunch so tight, I could have said the same about every other airline. Happy ?
Now go enjoy your time off courtesy of the American taxpayer.
If it helps your panties to not bunch so tight, I could have said the same about every other airline. Happy ?
Now go enjoy your time off courtesy of the American taxpayer.
I'm assuming you work for an ACMI and are also benefitting from the generosity of the American taxpayer. Maybe you should get off your high morality horse considering your company took money when they clearly were affected in a drastically different way when compared to passenger airlines.
03-26-2021, 09:50 AM
#468
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by Bungalow
You’ve already gone bankrupt. The American taxpayer bailed you out.
Take the opportunity to thank them at your earliest convenience.
03-26-2021, 10:30 AM
#470
Gets Weekends Off
Joined APC: May 2018
Posts: 109
Originally Posted by ny797
I'm assuming you work for an ACMI and are also benefitting from the generosity of the American taxpayer. Maybe you should get off your high morality horse considering your company took money when they clearly were affected in a drastically different way when compared to passenger airlines.
My observation, in response to someone saying AA is not going bankrupt, was that AA would already be bankrupt, or worse, if not for taxpayer bailouts. Fact. Simple and Obvious.
Why some of you take that personally, I don’t know. But is a bit like talking to a high school cheerleading squad.
To reiterate, the statement is not directed specifically at AA, let alone you, and it’s not coming from a high horse.
Enjoy your time off. The taxpayers have your back.
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