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
06-08-2021, 04:42 PM
#483
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by Texasbound
So, has the Bankruptcy been deferred to next year?
06-08-2021, 06:07 PM
#484
Eating A Gruben
Joined APC: Feb 2020
Posts: 1,065
Originally Posted by Al Czervik
chrisreedrules has entered the chat.
06-08-2021, 07:38 PM
#486
Gets Weekends Off
Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,599
Originally Posted by sanicom3205
chrisreedrules is away right now, please leave a message
3 bailouts later and here we are. I figured 1 bailout would happen. 2? Maybe... But 3? The whole thing is kind of nutty to me still.
But hey, here we are. Still not profitable and still in an absurd amount of debt. Certainly no threat of a Chapter 7 liquidation at this point but I still think that Chapter 11 is in the cards. Unless anyone thinks our economy and social ailments are going to get better in the next 2-3 years?
Maybe we see a massive return of business and international travel sooner rather than later? Hell I don’t know. Not even the most optimistic projections back in March we’re showing the leisure travel numbers where they are right now. So who knows...
06-08-2021, 08:03 PM
#487
Line Holder
Joined APC: May 2021
Posts: 97
Originally Posted by chrisreedrules
Not even the most optimistic projections back in March we’re showing the leisure travel numbers where they are right now. So who knows...
06-08-2021, 08:27 PM
#488
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,945
Originally Posted by chrisreedrules
Not even the most optimistic projections back in March we’re showing the leisure travel numbers where they are right now. So who knows...
My projection was not off. By later summer we may even exceed that percentage a bit.
06-08-2021, 08:34 PM
#489
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,503
Originally Posted by chrisreedrules
3 bailouts later and here we are. I figured 1 bailout would happen. 2? Maybe... But 3? The whole thing is kind of nutty to me still.
But hey, here we are. Still not profitable and still in an absurd amount of debt. Certainly no threat of a Chapter 7 liquidation at this point but I still think that Chapter 11 is in the cards. Unless anyone thinks our economy and social ailments are going to get better in the next 2-3 years?
Maybe we see a massive return of business and international travel sooner rather than later? Hell I don’t know. Not even the most optimistic projections back in March we’re showing the leisure travel numbers where they are right now. So who knows...
But hey, here we are. Still not profitable and still in an absurd amount of debt. Certainly no threat of a Chapter 7 liquidation at this point but I still think that Chapter 11 is in the cards. Unless anyone thinks our economy and social ailments are going to get better in the next 2-3 years?
Maybe we see a massive return of business and international travel sooner rather than later? Hell I don’t know. Not even the most optimistic projections back in March we’re showing the leisure travel numbers where they are right now. So who knows...
When you lose more money in one year than you’ve made in the preceding four years, DESPITE government assistance, and halfway through the next year the bleeding STILL hasn’t stopped, being worried about the possibility of a Chapter 11 bankruptcy isn’t paranoia, it’s just common sense. Whether bankruptcy happens or not, the risk of it happening has certainly been greatly elevated.
Yellen claiming that inflation might be a GOOD thing doesn’t help either, because it drives loan rates up directly and debt service up when bonds mature and new bonds must be sold at higher coupon to retire the old debt.
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