Show me in the federal bankruptcy code where they can’t file 3 times. They will file again and have no choice. AA has more debt then all the airlines combine. I don’t want to here “but they have more cash then the rest”. 8 billion wont last till June and they are required to keep 2 billion cash reserve. So this leaves them with 6 billion, almost zero revenue and operational cost to be paid. How on earth can they repay that? A bailout is just another loan. So then you stack that debt on top of the almost 30 billion in debt they currently owe. BK will allow them to throw out labor contracts, restructure debt, screw the bond and share holder for them to fight another day. Another thing to keep in mind is AA was already operating at a negative cash flow prior to this. When delta and United were paying down debt AA was focused on buying back stock. It’s going be a bumpy ride to put it light. My thoughts are they will be about 30% smaller when they exit bk.

 

It looks like I was wrong. I thought I remembered that if a company filed CH 11 3 times they lost all their copyrights to their branding and such to prevent using BK as a semi common event for mismanaged companies. I should have looked that one up, my bad

 

I bet youre fun to be around. You sound so childish and immature. Fire him??? Really? I bet you cried when trump got elected. Get a life. #Triggered

 

Get ya some #troll

 

Dude
are you trolling yourself?

 

It appears that way, yes. That is next level trolling.

 

it’s a tough job. But somebody gotta do it #troll

 

#Drain bamage...