Yeah you are correct. I went and reread it and I flipped a date around, my bad.

And like Breeze, they are heading for an environment of pilot surplus - at least in the short term - and both cheap used and new ‘white tail” aircraft availability. Either by dumb luck or smart thinking, it looks like they timed this well.

You need to do some research before making a reply post. DL and UA have substantially less debt and cash burn, and will survive much longer. Concessions have been made at both DL and UA for reasons that you’re not going to enjoy hearing. The reality is 2018-2019 pax loads won’t be achieved again until 2023 and potentially beyond. MAYBE we’ll see profit from a few by the end of 2021, maybe. The only CEO who believes in a quick recovery is DP, which is extremely unlikely.

Doug’s been blowing a lot of smoke lately so I wouldn’t take his words to seriously.

https://onemileatatime.com/americans-ceo-claims-the-airline-will-never-lose-money-again/

Doesn't matter if they burn less cash. It's a commodity market. If AA guts all their labor contracts in a bankruptcy court, UA and DL will be unable to compete with their old rates.

Any decent accountant can engineer a bankruptcy.

Just the very thought of that scares me ... and I don’t scare easily.

What’s the point of FLOW?
 

Sounds like you’re talking about sterling airways...
https://flysterlingairways.com/news/

Wexford went chp 11 and restructured to buy Via in hopes of gaining their certificates operational status again...
Looks like they only owned one e145 and dry leased a couple other 120/145.

I hardly think they’re poised to picking up new CPAs since United has clearly signed the death certificate for the 145.

Anyone picking up new flying would most likely have owned airframes, an excess of trained and current pilots, a nationwide maintenance system, and cash in the bank....
not many fit that description.

Doesn’t look to me like AA is in a position to bargain on something like sterling.

Cash burn ALWAYS matters. And what may matter even more is the TYPE of flying that comes back first. If international flying doesn’t come back fairly quickly, UA, DL, and AA are ALL stuck with ownership or lease costs on very expensive aircraft designed and optimized for that purpose that compete far less well on domestic compared to the single type LC/ULCC airlines.

And that is cash burn even if you leave them parked. AA spent $333 million in debt service alone in the third quarter, an amount that can only rise as their bonds come due and need to be financed at higher rates. Bonds coming due were financed at rates of 2.5 to 3.5%. Last bonds AA sold had a coupon of 11.75% and still didn’t sell at par, resulting in AA paying 12% interest on the money.

https://www.bloomberg.com/news/artic...l-to-2-billion

Refinancing expiring bonds at that sort of rate gets ugly quickly.

While any decent accountant can engineer a bankruptcy it’s the secured bond holders that wield the biggest stick once the bankruptcy happens.

Yeah, your bad brah.

It's just indicative of your MO in how you twist things around to suit your narrative until someone calls you out.

Either that or you are just pulling all of these "facts" out of thin air.

At least they corrected themselves after something was pointed out. When do you plan on doing that?

You’re an idiot. End of story. I didn’t make anything up, I just thought they formed a year earlier. Hardly a mis-telling of truths or fabrication like the stuff you post.

Nice try though, I will patiently wait for your next failed attempt as at this point it’s all just a game for me calling you out