I can agree with you on this,.

Warren Buffett said it best, when the market trends lower he sees buying opportunities. This is why you also see mergers during down cycles. Parker is a finance guy, he did see cheap finances and took advantage. Was it needed or will it pay off? We will most likely say yes when we look back 5 years from now and rates to borrow are much higher. A down cycle is not coming any time soon in my opinion.

THE AIRLINES WILL BE JUST FINE. This is not the same industry of the past. Yes growth can slow, but it’s still growth in the grand scheme of things.
The down cycle of the past will not be the down cycle of the future due to various factors: technology, demand (take your kids phone away and see what happens), expectations, retirement, corporations cash on hand! These factors will help not only airlines weather the storms, but various corporations for years to come.

We are living in a new age. Take advantage, don’t let fear stop you from demanding your fare share of what you are worth (skills, demand, financial & family time sacrifices you’ve made and make each week). The money is in the purse believe it!

 

Have you seen their stock price? AAL has some major issues on the horizon. And don’t be surprised if another strategic bankruptcy occurs.

 

Let’s say oil went $90-$100/barrel, AAG can still maintain a positive balance sheet for over 4-5 years, not to mention reorganization, fleet changes, route changes, layoffs (not including flight crew), further delays of aircraft into 2024. Come 2020 /2021 more cash will be free after large pension fund payoffs.


Many negative factors would need to occurs for AAG to risk a chapter 11 or 7 bankruptcy. It’s nowhere close.

 

Wonder if they'd lay us off first or mainline guys, seeing as jr. guys here are essentially working for free.

 

Can we make a new thread for this topic? We can title this "Full time pilot part time financial genius."

 

Beat the rush, quit now.

 

I love how people predict bankruptcies because of stock price, when the company is financially doing better than ever.

They forget the important bit about AA's debt. The fleet renewal is fully funded, so that money has paid for a lot of airplanes at very attractive rates. And those planes, when they enter the fleet, will give a nice cost advantage even if the oil goes up again.

 

My advice is don’t cash the bonus $$ and see if it is for you. Given the opportunity I would have never chosen Envoy. Abusive company that has no ethical compass in my opinion. They treat their employees terrible.

 

Wow. Another financial genius here...

Why would you not cash the bonus? Put it in savings and get a few %, or invest it. If it's not for you, then pay it back and keep the gains.
The check in your pocket gains exactly 0%.

 

Because once you sign the check and cash it you are responsible for the taxes genius.