What you are talking about is also known as shareholders equity. And that is almost 10 billion in the red for AAG. Compare to 3-4 billion in positive for UA/DL.

so how will United and delta avoid the debt like AA when they have to refleet? Or are they gonna fly the 75/76 until the wings fall off?

I'm not sure you understand how this works.

When DL/UA will finance a new plane, they also gain that plane in their assets. Their total debt will increase, but it will only have a minor effect on their debt to asset ratio.
The problem AAG has is that even with all the new shiny planes, they still are way down in the drain with their shareholder equity.

Not to mention their free cashflow and profit margins are in a different ballpark than AAG, so their ability to pay down any debt is a lot better than AAG, who is barely staying afloat right now.

AAG free cash flow in the last decade has not been stellar


https://i.ibb.co/BjMNG02/EDC24-C9-C-...37-F74-D57.jpg

All those shinny new aa planes have been sold to leasing companies and leased back to american.

AA management predicting the 3rd quarter revenue and profits to be the highest on record….

for whatever that’s worth

I’ve heard a few say that they can get back close to what 2015 was if they catch a few breaks. If that can be the norm for a few years, then the balance sheet can get cleaned up. If Covid is a non factor, and they don’t have the max or mechanics to blame, maybe they actually can make some money.

That needs to be the norm for over 10 years to even be above 0 in equity.

You are off base. When Delta and United refleet, they will be in a similar position to where AA is a couple of years down the road. You jumped from debt to equity to talk debt to asset. I am not going to waste my time trying to reason with you.

No they are not. You are just admitting you have no clue how corporate balance sheets work.

Pro tip: It was you who started talking about debt to assets and got D/E and debt to assets mixed up in one sentence. I just said financing new aircraft does not have a big effect on that ratio. If you would have read my comment and understood it, you would have seen I only mentioned shareholders equity, not D/E that you came up with. Raw fact is, AAGs shareholders equity is around 9 billion in the red, where UA/DL are around 3-4 billion in black. Even the largest refleet will not drop these carriers anywhere near that number, I doubt they would even go to red.

Just one comment. I did a Masters. My courses in Cost Accounting and the capstone corporate Case Studies (which involved extensive analysis of corporate balance sheets) were taught by the former CFO of Cummins Diesel. I got an A in both courses. Our 3 person team in Case Studies were complimented by the former CFO, as being the best, most knowledgeable and insightful team in his 14 years as a professor, teaching that course. He thinks I have a clue how corporate balance sheets work.

At that point in time, he sat on the Board of Directors of 3 Fortune 500 companies. He fired questions at us, much as if we were presenting in one of his Board meetings.

Impressive. Did not address the issue even remotely though. Glad you are proud of your degree. You got anything relevant to say?

That’s great. I’m an advocate of a well rounded education, but all that matters as a pilot because…?

Holy crap guys, am I gonna be giving jack handies to pay my bills in 2023 or not???

I repeat, “I am not going to waste my time trying to reason with you.”. Good day.

Hey guys whats going on in this thread

Everyone is busy updating their apps. The ship is sinking fast!

Sweet man I just cleared my voicemail box out of all the 400 plus JM attempts since I upgraded ready for some more

I find it funny when they tell me via voicemail that they’re junior manning me as I leave the airplane and make myself scarce. Does anyone actually return those calls?

what did they teach ya about the Lorenzo business model….. ?
it’s what AAG is using….

When I was in the master program, Oswald Lorenzo was in elementary school. Your question is moot.

When I was in the master program, Oswald Lorenzo was in elementary school. Your question is moot.

Good day.

this transworld guy mad weird

Did you stay, or did you go?

I hope he smartened up and went to Delta

Looks like the first wholly owned to get a real contract will be Horizon. Word I’m hearing is the regional industry will be spun on its head and the Alaska pilots will be on the warpath.

Gotta start somewhere

Not seeing anything about this anywhere. Source and details?

He doesn't know anything. Seriously, after all these years of posting these "big news announcements " that turn out to be nothing, you fall right into his trap and ask about it. Anything posts is pulled straight out of where the sun don't shine.

I’m at least prepared to give HIM the benefit of the doubt. You, never.

Be my guest. Just take a look at his history of "I called this back in 2014" or "I've been telling everyone this would happen." Ol Cutting Edge Cuj.

Oh, he doesn't like you to bring it up but what about that "military background" you have from doing Vietnam War reenactments Cuj?

Who here has falsely represented themselves as a former military person?

I don't think Cuj was falsely representing himself as serving in the military. He seemed genuinely proud of having a "military background" from performing in reenactments. You should ask him when he weighs back in here.

okay thakooj… i mean cr700

our 2013-2016 MEC had copies of most other regionals TA’s before their own pilots saw them….
I didn’t reveal sources then either, but if you ask any of those old MEC members they’ll confirm it’s true.

You're so misinformed, that was one of your company flunkies that claimed that stuff, not me. He used the name DaCuj on a different message board to play off my screen name.
as usual you’re completely wrong again.

that was another one too

The joke offer Ric put out should be looked at two ways.
first, nothing should contain any concessions… and PBS is a huge concession
that said rigs are a good thing and with Janes wasteful scheduling will bring pilots lots of soft money.
the other thing is while the bonus money doesn’t really change its being paid out sooner
in general I do not like the LOA package, and mostly for the PBS concession

that said, it has good points, but more importantly isn’t going to be enough to fix the staffing shortage, so management will be back soon offering more improvements.
once the Horizon deal breaks they won’t have a choice.
so, my advice to the MEC is tell them you’ll send the TA to a vote without PBS in it right now.
PBS can be okay, but not under Ric and Jane it can’t.

DaCuj on a different message board.

Without DETAILS, just saying PBS is good or bad is misleading.

Part of the problem at ENY is the crappy flight file. The rigs MAY improve how they build the sequences, but with fewer puzzle pieces (less overall flying) to fit into each sequence there is still limited options on what they can do. The rigs will at least make them a little more palatable, but seriously doubt they can eliminate (or even reduce very much) the lost days and low hour sequences they have.