Originally Posted by Happyflyer (Post 3247571)

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.

Originally Posted by Excargodog (Post 3247573)

Except this is a four year look back rather than a 1 month look back, as are the charts showing net income. That’s a little harder to write off as a blip comparing a pandemic month to a non pandemic (or at least substantially recovered) month. As I’m sure you are aware, Rick.

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



but how many companies do you know that are anywhere close to their authorized limit - which they set themselves at incorporation? And how do you figure selling more stock doesn’t lead to more stock dilution, which was the issue to begin with?

Originally Posted by Excargodog (Post 3247542)

I merely post facts.

Originally Posted by biigD (Post 3247685)

So does CNN or Fox News. It's the intent behind the facts that generate the response. It's APC - people are free to troll however they wish. But others are also free to call out the massive insecurity that's behind such posts.

Originally Posted by rickair7777 (Post 3247677)

No, I don't think the debt is trivial. I was commenting about presentation of info.

The number of outstanding shares graph doesn't mean much if you don't know the authorized number. 420M to 640M might be a shift from 5% outstanding to 8% outstanding. Or it could be shift from 65% outstanding to 100%. Also matters what % of the total company equity is actually authorized.... if it's 20%, then no biggy even if it's all outstanding (I know AA is higher than that, it's just an example).
.

Originally Posted by biigD (Post 3247736)

Cogent case in the marketplace of ideas? That's some lofty language for someone that does nothing but cut and paste from websites.

Originally Posted by Excargodog (Post 3247737)

And even for an ad hominem attack that’s pretty weak..
care to comment on long term debt?
Or share dilution?