AA vs DL/FDX/UPS/UAL
#31
I can count on one hand the number of times I've been reassigned during my entire 8.5 year tenure here. Now that of course doesn't invalidate the experience of the pilots that are getting jerked around in certain bases/categories, but the hyperbole gets tiresome too. We need to fix our language, but go read the Delta threads - their narrowbody guys are tired of being dicked around too. Everyone is understaffed.
It's also more than ever important to know your contract. CCI is *not* notification.
It's also more than ever important to know your contract. CCI is *not* notification.
#36
Gets Weekends Off
Thread Starter
Joined APC: Jul 2019
Posts: 288
Thank you everyone for your responses. Truly appreciate your feedback.
To those who are bothered by the call sign it was never my intention to make you uncomfortable. Point taken.
Once again thank you for your feedback as this is a very hard decision for my family and I.
I’ll be logging out for a bit now.
TORO
To those who are bothered by the call sign it was never my intention to make you uncomfortable. Point taken.
Once again thank you for your feedback as this is a very hard decision for my family and I.
I’ll be logging out for a bit now.
TORO
#37
#38
Gets Weekends Off
Joined APC: Apr 2020
Posts: 342
#39
Banned
Joined APC: Oct 2019
Posts: 923
Long term debt Sep 2019 Quarter: Roughly $21B
Long term debt Sep 2020 Quarter: Roughly $30B
Long term debt Sep 2021 Quarter: Roughly $36B
Long term debt latest Q: $35.4B
If you call that paying down quite of bit of debt, well…
Yes, AA has roughly $12B in liquidity, but they pretty much tapped out every source of cash, mortgaged every asset. And they are considered a zombie company by Wall St. I don’t think AA will ever be liquidated, but a reckoning is coming for these types of companies, who have relied on easy and cheap money for almost 20 years. Many economists predict the sugar high will be over in the near future. Right now consumers are flush with cash they have been unable to spend for the past 2 years, but the cracks are starting to show. The conversation in the transportation sector is consumers making one final push this summer, spend the money they have, and then money is going to run out, also being chewed away by rampant inflation which is showing no sign of abatement.
No, the world is not ending, but companies like AA who have heavily relied on cheap credit for so long are about to get a wake up call, and combined with the continued operational meltdown, the trend is unsustainable.