Current Debt (B)
AAL 46
UAL 41
DAL 35

Debt on 7/21:

AA: 40b
UA: 36b
DL: 29b

Pretty even race.

 

Not even close. Look at assets.

I just posted it. Shareholder equity:
UA 5.4 billion
DL 3.7 billion
AA -7 billion.

 

Comparing apples and oranges. You think airlines have ever behaved financially like ANY other business? How many business declare BK as much as airlines? UA and DL are in the exact same spot AA was a short time ago when you were already tossing stones at AA. You act like things are going to change with regard to historical data on airlines, then you think things will never change with regard to the Covid environment.

Will AA declare BK? Yes. So will DL/UA. I I’ve got 20’ish years left. I’ll bet I see 2 maybe 3. It’s the business.

Honestly, from a pilots perspective: I think now would be the best time for AA to declare. You wouldn’t see any cuts for the pilots unless all 3 went down at the same time. All three are already having problems recruiting pilots. If AA’s pilot pay was gouged that would be the end of the pilot pipeline.

This all seems like common sense to most of us. You’ve got to see the bigger picture. There is so much more involved that the numbers we are posting.

 

it isn’t irrelevant. It’s reality. Yes, it is a snapshot in time. Everything is. I’m glad you are getting more NEOs but it doesn’t matter greatly if it is 39 or 45, that is a small percentage of AAs A320 fleet. And yeah, AA Is getting 2 a month. So is damn near everyone else. But RIGHT NOW that’s a 15% fuel savings at cruise by 12% of the A320 family fleet. That’s good. That’s environmentally friendly, but that’s still less than a 2% fuel savings on that one fleet.

 

Are you still camped out in the AA threads?

 

Youngster, you haven't been in this business long enough to know how to put epaulets on your shirt, much less lecture others on airline balance sheets. Keep working on your BA from southeast WV college while you're flying for your ACMI employer. Maybe one day your app won't get rejected.

As far as your post, it's all jibberish. Completely laughable and shows you don't understand much about this business.

Yawn

 

Nothing like a little ad hominem when you don't know what you are talking about.

Just FYI: In my previous career I've probably seen more SEC filings than you will ever see in your lifetime, kiddo.

 

OK, so you're saying that AA won't be able to sell/leaseback their deliveries, correct? Let's see how that prediction works out...

 

That's not at all what I said. I said it won't help their balance sheet, which is atrocious right now compared to the other 2.

Based on your comments I am guessing you think they have those new deliveries already in their liabilities but not their assets.

 

I never said that sale/leaseback would do anything to their balance sheet; just that they will acquire the aircraft in that manner; standard stuff. To be clear, I'm not obsessed over their balance sheet. There are multiple ways that the company can raise additional capital so it's not an issue.

I don't waste my time reading airline balance sheets anymore. They rarely reflect reality. You really need to stop obsessing over this.

Have you ever taken an accounting class? Did you forget the joke the professor told on day one about the 3 accountants applying for a job? Apparently.

Airline accounting is worse than Chinese ADRs. Which in reality aren't even ADRs.