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Should I stay or should I go?

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Old 04-20-2022 | 10:58 AM
  #31  
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Originally Posted by dera
They're all the same. Bunch of weirdos, bunch of cool people, bunch of hardcore MIL guys, bunch of former regional dudes and dudettes.
Exactly this! There are great people to work with and terrible people to work with at ALL the airlines. Really you need to make the decision based on where you want to live. Commuting to work sucks! If you have your life established in an American/United base there is great value in waiting to see if you can can get a job with one of them and not uproot your established life. 6 months is a long time and a decent amount of seniority above you when you eventually flow. But the hard cost of commuting to work, staying in a crashpad, offset by getting to keep your bonus money is something you need to ultimately weigh against your bird in hand offer from Delta. Good luck with the decision!
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Old 04-20-2022 | 04:49 PM
  #32  
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Easily lose 1000 numbers waiting. Email HR and say you have a Delta offer and want to interview stat for AA. If no joy, go to delta. I work at AA.

The culture here is changing rapidly since we’re retiring so many and post merger guys can upgrade everywhere except Phoenix.
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Old 04-21-2022 | 10:39 AM
  #33  
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Originally Posted by AllYourBaseAreB
Easily lose 1000 numbers waiting. Email HR and say you have a Delta offer and want to interview stat for AA. If no joy, go to delta. I work at AA.

The culture here is changing rapidly since we’re retiring so many and post merger guys can upgrade everywhere except Phoenix.
Screw it. Just go to Delta. From AAs first quarter earnings report:

American posted a net loss of $1.6 billion in the first quarter on revenue of nearly $8.9 billion
.

That’s another $1.6 billion to add to AAs already $40+ Billion dollar debt load. Right now AA short and long term credit is rated B- in the bond market. Typical junk bond credit - even backed up by assets, commands a premium of over 8% in the market today. What that means is that AA is going to have to generate positive cash flow to pay off that additional debt, but until they do their interest expense for debt service is going to be another $128 million (that is, 8% of $1.6 Billion) ANNUALLY than it would have otherwise been, and it was already approaching $2 billion last year. Basically, that’s going to be $2 Billion annually going out just to service INTEREST EXPENSE on the debt, before you put a dime into actually paying it off. And as time goes by, as you are unable to pay that debt off, you wind up refinancing it AT CURRENT RATES, which are a lot higher than those in effect when the original bonds were sold. AA is right now paying $2 Billion annual interest on about $43 Billion, an average rate of only about 4.5%. Refinancing that at 8% or more (the fed is raising interest rates) is going to be even more painful.

Jump to Delta.
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Old 04-21-2022 | 10:56 AM
  #34  
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Originally Posted by Propeller
What a tool bag. Poor FO

Ditto. What a complete narcissistic tool. That entire resume rant is a giant eye roll. Can’t imagine his ego fits in the cockpit. Poor FO is right.
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Old 04-21-2022 | 12:33 PM
  #35  
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Leave asap
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Old 04-21-2022 | 01:24 PM
  #36  
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Originally Posted by Excargodog
Screw it. Just go to Delta. From AAs first quarter earnings report:

.

That’s another $1.6 billion to add to AAs already $40+ Billion dollar debt load. Right now AA short and long term credit is rated B- in the bond market. Typical junk bond credit - even backed up by assets, commands a premium of over 8% in the market today. What that means is that AA is going to have to generate positive cash flow to pay off that additional debt, but until they do their interest expense for debt service is going to be another $128 million (that is, 8% of $1.6 Billion) ANNUALLY than it would have otherwise been, and it was already approaching $2 billion last year. Basically, that’s going to be $2 Billion annually going out just to service INTEREST EXPENSE on the debt, before you put a dime into actually paying it off. And as time goes by, as you are unable to pay that debt off, you wind up refinancing it AT CURRENT RATES, which are a lot higher than those in effect when the original bonds were sold. AA is right now paying $2 Billion annual interest on about $43 Billion, an average rate of only about 4.5%. Refinancing that at 8% or more (the fed is raising interest rates) is going to be even more painful.

Jump to Delta.
As previously discussed, getting a life might resolve some of your issues. Getting a hobby would be a good start.
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Old 04-21-2022 | 01:35 PM
  #37  
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Originally Posted by BigZ
As previously discussed, getting a life might resolve some of your issues. Getting a hobby would be a good start.
Unable to refute a single word, “BigZ” goes for the ad hominem attack.

Do you even know how to read an annual report?



I don’t put these out, AAL does:

https://s21.q4cdn.com/616071541/file...Financials.pdf
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Old 04-21-2022 | 02:03 PM
  #38  
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Originally Posted by Excargodog
Unable to refute a single word, “BigZ” goes for the ad hominem attack.

Do you even know how to read an annual report?



I don’t put these out, AAL does:

https://s21.q4cdn.com/616071541/file...Financials.pdf

Still gonna need pilots. Ok so no new contract? Sucks . Whatever then. Hope the OP remembers to cry while sitting reserve or driving to work in base. Leverage the hell out of a CJO for AA early and try to get to United, or just chill at AA. Live life happily.


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Old 04-21-2022 | 02:21 PM
  #39  
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Originally Posted by Inclined plane
Still gonna need pilots. Ok so no new contract? Sucks . Whatever then. Hope the OP remembers to cry while sitting reserve or driving to work in base. Leverage the hell out of a CJO for AA early and try to get to United, or just chill at AA. Live life happily.


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You are not a student of history I take it? How old were you 11 years ago?






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Old 04-21-2022 | 02:57 PM
  #40  
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From: Whale FO
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Originally Posted by Excargodog
Screw it. Just go to Delta. From AAs first quarter earnings report:

.

That’s another $1.6 billion to add to AAs already $40+ Billion dollar debt load. Right now AA short and long term credit is rated B- in the bond market. Typical junk bond credit - even backed up by assets, commands a premium of over 8% in the market today. What that means is that AA is going to have to generate positive cash flow to pay off that additional debt, but until they do their interest expense for debt service is going to be another $128 million (that is, 8% of $1.6 Billion) ANNUALLY than it would have otherwise been, and it was already approaching $2 billion last year. Basically, that’s going to be $2 Billion annually going out just to service INTEREST EXPENSE on the debt, before you put a dime into actually paying it off. And as time goes by, as you are unable to pay that debt off, you wind up refinancing it AT CURRENT RATES, which are a lot higher than those in effect when the original bonds were sold. AA is right now paying $2 Billion annual interest on about $43 Billion, an average rate of only about 4.5%. Refinancing that at 8% or more (the fed is raising interest rates) is going to be even more painful.

Jump to Delta.
AAs shareholder equity also took a dump by another 1.6 billion. They are almost 9 billion in the red now. They need to provide 9 billion in profit before they provide any value to shareholders. Pretty steep hill to climb. DL and UA are over 10 billion better off. That's a large number.
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