Originally Posted by 32Drvr

AA’s position is not nearly as dire as you put it. Debt ratio is only one number and means nothing out of context. AA as more PE&E available to borrow agains than any other airline, a younger more fuel efficient fleet that does not need to be refreshed (unlike DAL and a lesser extent UAL) and while it has a high debt load, that debt is at extremely low rates and are do not have to be serviced for several more years. CH11 is not on the short to medium term outlook at any credible investment house you talk to. All airlines have a long term BK threat, but that is due to a second wave of COVID and the unknown about what the future will bring. DAL does have issues with its international partners. Virgin Atlantic is on the verge of bankruptcy. LATAM is hemorrhaging even after DALs cash infusion. Yes, things are bad, but not the doom and gloom you profess.