Delta vs SW AA UA
07-24-2020, 06:28 AM
#31
Gets Weekends Off
Joined APC: Dec 2007
Posts: 5,414
Originally Posted by TED74
I guess I would have thought 1 October would be the cost bottom, when thousands of Delta employees hit the street or take massive pay cuts. What makes the current moment the cost bottom?
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07-24-2020, 07:45 AM
#33
Gets Weekends Off
Joined APC: Jun 2008
Position: LAX 350 A
Posts: 564
Originally Posted by Drum
I don't know what I'm reading. I wish he woud give the exec summary.
Anyway, it won't matter, in a year not much will change other than we've burned thru our cash. cause we are not focusing on the revenue side of the equation. that's why I think furloughs are going deeper than the 2558.
I thought earlier in June we'd be recovering by May next year. However, we are stupid scared little monkeys and masks and lower caps are in our foreseeable future. Int'l flying, forget about it. That's at least 3+ years from coming back to summer 2019 levels. Get ready for the long slog.
We can't give them concessions. They'll be beating us up all along the way wanting them. We'll recover. Better to recover into what our PWA is now, than to start clawing back concessions.
Anyway, it won't matter, in a year not much will change other than we've burned thru our cash. cause we are not focusing on the revenue side of the equation. that's why I think furloughs are going deeper than the 2558.
I thought earlier in June we'd be recovering by May next year. However, we are stupid scared little monkeys and masks and lower caps are in our foreseeable future. Int'l flying, forget about it. That's at least 3+ years from coming back to summer 2019 levels. Get ready for the long slog.
We can't give them concessions. They'll be beating us up all along the way wanting them. We'll recover. Better to recover into what our PWA is now, than to start clawing back concessions.
07-24-2020, 09:55 AM
#34
New Hire
Joined APC: Jan 2015
Position: Concourse A
Posts: 780
Originally Posted by AAL24
AAL currently has 10.2 Billion liquidity and they are about to close another 6 billion in financing (cares loan + debt offering). So roughly 16 billion. They just reported on the conference call today that they can borrow an additional 4 billion against acft and I believe it was around 6 more against the mileage plan if needed.
07-25-2020, 10:31 AM
#35
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Joined APC: Aug 2007
Position: On all fours
Posts: 508
Originally Posted by Scooter432
crazy.. at what point do all the majors get turned down for financing? How can 50B ever be paid off? I would want liquidation for my fellow friends at AAL, but wow that’s got to be concerning debt load wise.
07-25-2020, 12:37 PM
#37
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by Scooter432
crazy.. at what point do all the majors get turned down for financing? How can 50B ever be paid off? I would want liquidation for my fellow friends at AAL, but wow that’s got to be concerning debt load wise.
08-02-2020, 06:23 AM
#39
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Joined APC: Sep 2006
Posts: 1,233
Originally Posted by Scooter432
crazy.. at what point do all the majors get turned down for financing? How can 50B ever be paid off? I would want liquidation for my fellow friends at AAL, but wow that’s got to be concerning debt load wise.
08-02-2020, 07:02 AM
#40
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Scooter432
crazy.. at what point do all the majors get turned down for financing? How can 50B ever be paid off? I would want liquidation for my fellow friends at AAL, but wow that’s got to be concerning debt load wise.
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