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
#492
Damn dude! You must be so disappointed that AA hasn't yet declared bankruptcy. Can you sleep OK at night? Let me guess? You were turned down by American and now you can't wait to see them to fail huh? Get over it and move on with your life. Your "cheerleading" is getting old.
#493
Gets Weekends Off
Joined APC: Nov 2013
Posts: 189
Damn dude! You must be so disappointed that AA hasn't yet declared bankruptcy. Can you sleep OK at night? Let me guess? You were turned down by American and now you can't wait to see them to fail huh? Get over it and move on with your life. Your "cheerleading" is getting old.
#494
Same for anyone who thinks a 40% stock dilution is unimportant. Not saying they are evil or anything, just financially uninformed. These things matter. That’s why financial sites track them.
#495
Line Holder
Joined APC: Mar 2015
Posts: 77
Not at all. Nor do I ‘throw shade.’ I merely post facts. Anyone who believes an eight billion dollar one year loss is trivial and can’t possibly affect operations going forward needs a reality check though, from anywhere they can get one.
Same for anyone who thinks a 40% stock dilution is unimportant. Not saying they are evil or anything, just financially uninformed. These things matter. That’s why financial sites track them.
Same for anyone who thinks a 40% stock dilution is unimportant. Not saying they are evil or anything, just financially uninformed. These things matter. That’s why financial sites track them.
#496
I can make a graph with factual numbers showing that air travel for last month, year over year, has grown by about 800%... industry must be doing great right? Fun with stats.
#497
Line Holder
Joined APC: May 2021
Posts: 97
#498
Gets Weekends Off
Joined APC: Sep 2016
Posts: 774
The scary part is moving AAdvantage Miles as a separate company off shore.
Banks buy those miles and hand them out to credit card users who use and forget to use those miles. It’s a real money maker, pre-selling inventory. If AA can tread water and service the interest the pre selling will continue.
I can’t find any charts to show outstanding miles in circulation vs available inventory in any one year. I do see it as a back door way for the sharks to run debt up higher and cash out.
The largest creditor will be the public with miles they can’t use.
Banks buy those miles and hand them out to credit card users who use and forget to use those miles. It’s a real money maker, pre-selling inventory. If AA can tread water and service the interest the pre selling will continue.
I can’t find any charts to show outstanding miles in circulation vs available inventory in any one year. I do see it as a back door way for the sharks to run debt up higher and cash out.
The largest creditor will be the public with miles they can’t use.
#499
It is a scary-looking graph at a glance, but actual context would help... like shares outstanding vs. authorized shares. If those numbers are close to each other that might be scary. Also what's the authorized %?
I can make a graph with factual numbers showing that air travel for last month, year over year, has grown by about 800%... industry must be doing great right? Fun with stats.
I can make a graph with factual numbers showing that air travel for last month, year over year, has grown by about 800%... industry must be doing great right? Fun with stats.
Do you truly believe that an $8.45 Billion loss is trivial and will have no effect on operations on a company that had less profit than that in the preceding 4 non-pandemic years combined? Truthfully?
And yeah, they are nowhere near their authorized shares - they can sell more - up to twice more their current number
AUTHORIZED CAPITAL STOCK
SECTION 1. Authorized Capital Stock.
(a) The total number of shares of all classes of stock which the Corporation shall have authority to issue is 1,950,000,000 shares of capital stock, consisting of 1,750,000,000 shares of common stock having a par value of $0.01 per share (the “Common Stock”) and 200,000,000 shares of preferred stock having a par value of $0.01 per share (the “Preferred Stock”).
SECTION 1. Authorized Capital Stock.
(a) The total number of shares of all classes of stock which the Corporation shall have authority to issue is 1,950,000,000 shares of capital stock, consisting of 1,750,000,000 shares of common stock having a par value of $0.01 per share (the “Common Stock”) and 200,000,000 shares of preferred stock having a par value of $0.01 per share (the “Preferred Stock”).
Last edited by Excargodog; 06-09-2021 at 07:32 AM.
#500
The scary part is moving AAdvantage Miles as a separate company off shore.
Banks buy those miles and hand them out to credit card users who use and forget to use those miles. It’s a real money maker, pre-selling inventory. If AA can tread water and service the interest the pre selling will continue.
I can’t find any charts to show outstanding miles in circulation vs available inventory in any one year. I do see it as a back door way for the sharks to run debt up higher and cash out.
The largest creditor will be the public with miles they can’t use.
Banks buy those miles and hand them out to credit card users who use and forget to use those miles. It’s a real money maker, pre-selling inventory. If AA can tread water and service the interest the pre selling will continue.
I can’t find any charts to show outstanding miles in circulation vs available inventory in any one year. I do see it as a back door way for the sharks to run debt up higher and cash out.
The largest creditor will be the public with miles they can’t use.
Reminds me of when Carl Icahn created Karabu Corp and forced TWA to sell it an unlimited number of tickets at 45% off. They never recovered from that.
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