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
07-22-2021 | 05:42 AM
#551
Line Holder
Joined: Jul 2021
Posts: 622
Likes: 49
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
07-22-2021 | 08:07 AM
#553
Line Holder
Joined: Jul 2015
Posts: 474
Likes: 4
From: DHC-8 CA
Seems like they are making money based on obligated spending, and showed a loss based on voluntary spending.
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
10-21-2021 | 04:10 AM
#554
You scratched my anchor
Joined: Feb 2011
Posts: 5,126
Likes: 84
10-21-2021 | 05:50 AM
#555
In a land of unicorns
Joined: Apr 2014
Posts: 7,071
Likes: 102
From: Whale FO
10-21-2021 | 06:03 AM
#556
Line Holder
Joined: Oct 2010
Posts: 1,327
Likes: 77
10-21-2021 | 06:13 AM
#557
In a land of unicorns
Joined: Apr 2014
Posts: 7,071
Likes: 102
From: Whale FO
This is the number he will leave as his legacy:
Long-term debt and finance leases, net of current maturities 36,047
10-21-2021 | 06:43 AM
#559
Line Holder
Joined: Mar 2017
Posts: 436
Likes: 18
Actually, to anyone who actually understands what they are reading, this is not bad at all. I expect AAL stock to be up quite a bit today based on this news.
It was a fairly strong quarter, but the money is being moved around with good finance/accounting techniques to set AA up better in the future.
It was a fairly strong quarter, but the money is being moved around with good finance/accounting techniques to set AA up better in the future.
10-21-2021 | 06:45 AM
#560
It's 5 o'clock somewhere
Joined: Oct 2020
Posts: 2,671
Likes: 17
Third-quarter net profit of $169 million, or $0.25 per diluted share. Excluding net special items1, third-quarter net loss of $641 million, or ($0.99) per share.
Things don't look good long term over there. Almost every other airline is on the brink of breaking even, without the government cheese.
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