70% capacity cut, Parking 600 planes
03-20-2020, 04:20 AM
#121
Gets Weekends Off
Joined APC: May 2019
Posts: 116
Originally Posted by WakeWash
I’m beginning to wonder if everyone is underestimating AA. Secured $1B today, looking at the billions in government aide which they say should hold them at 6 months in this kind of environment, and not even really talking about the worry of furloughs. Everyone keeps talking about debt but this isn’t about debt since it’s short term. This is about liquidity and they have more. They are only in trouble if the industry doesn’t bounce back by the fall.
What I can tell wrt to minimal furlough talk is currently AA is retiring 800-900 a year for the next 8 years making it possible to “right size” the pilot group on the backside of this crisis with minimal pain to the bottom of the list. That’s mandatory 70-80 off the list every month for almost the next decade. Not saying they won’t happen but it should be a lot less painful than in the past.
03-20-2020, 08:31 AM
#122
Gets Weekends Off
Joined APC: Mar 2007
Position: Dreamniner
Posts: 352
Originally Posted by ERflyer
I think we need at least another $11M to go a year. Might be better to get too much sooner rather than wait till it dries up.
03-20-2020, 11:39 AM
#126
Banned
Joined APC: Feb 2008
Position: The Beginnings
Posts: 1,317
Gotta say the optimism of “still having a small profit sharing check” next year sort of posts only 10 days ago aren’t aging too well. At this point I’ll be happy to have a Delta to come back to in a few years.
Oh well. Time to KBO (Keep Buggering On)
Oh well. Time to KBO (Keep Buggering On)
03-20-2020, 01:42 PM
#130
Gets Weekends Off
Joined APC: Jun 2015
Posts: 341
Originally Posted by SideSticker
At $40m/ day*, that might last 3 months.
*our current burn rate
*our current burn rate
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