Who would buy AA
05-20-2020, 07:32 AM
#51
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
Originally Posted by WHACKMASTER
Exactly. Except Norwegian. That cockroach can go away. Yet, they just got another damn bailout so their Flag of Convenience scam can continue.
05-24-2020, 06:40 AM
#52
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
05-24-2020, 09:21 AM
#53
Gets Weekends Off
Joined APC: Aug 2007
Posts: 1,016
Originally Posted by Al Czervik
05-24-2020, 09:40 AM
#54
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by todd1200
He dismissed the importance of CDS rates, but I didn’t see where he explained why they’re not important/reliable indicators of financial well-being. His thesis is that Parker has so much experience with bankruptcy that he should be good at avoiding it?
2. He has very good motives to avoid it.
As someone articulated in another thread, DP is the junkyard dog you want in times like these.
There are other highly polished and credentialed execs who are masters at fine-tuning the trim of the sails, but have never seen cloudy skies, much less a monsoon.
05-24-2020, 10:37 AM
#55
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
From AA mgmt point of view, is BK that bad? Yes, Parker's stock likely becomes useless, but would it allow them to slash a mountain of debt and come out leaner and meaner than the other legacies? It would likely set off a ripple effect through the industry and send others through BK so they could compete. Now would be the best time to do it since airlines around the world are collapsing and aircraft leasing market is crumbling. Debt could likely be re-negotiated at much more favorable rates than in a healthier economy.
I hope AA doesn't go BK, since it would mean concessions/furloighs for pilots and ugly for all frontline workers throughout the industry, but purely from a balance sheet standpoint I don't think it would be a bad idea. Flame away.
I hope AA doesn't go BK, since it would mean concessions/furloighs for pilots and ugly for all frontline workers throughout the industry, but purely from a balance sheet standpoint I don't think it would be a bad idea. Flame away.
05-24-2020, 12:17 PM
#57
Gets Weekends Off
Joined APC: May 2020
Posts: 484
Originally Posted by SAABoroowski
lol, the same clownbox who arrogantly said “AA won’t ever lose money again”
Pass.............
Pass.............
Not to defend our fearless leader too much but everyone has said something stupid that turned out to just be wrong. That said I doubt any exec saw a 95 percent drop. I am just saying.
05-24-2020, 02:28 PM
#58
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by SAABoroowski
lol, the same clownbox who arrogantly said “AA won’t ever lose money again”
Pass.............
Pass.............
05-24-2020, 06:02 PM
#59
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,510
Originally Posted by Flyby1206
From AA mgmt point of view, is BK that bad? Yes, Parker's stock likely becomes useless, but would it allow them to slash a mountain of debt and come out leaner and meaner than the other legacies? It would likely set off a ripple effect through the industry and send others through BK so they could compete. Now would be the best time to do it since airlines around the world are collapsing and aircraft leasing market is crumbling. Debt could likely be re-negotiated at much more favorable rates than in a healthier economy.
I hope AA doesn't go BK, since it would mean concessions/furloighs for pilots and ugly for all frontline workers throughout the industry, but purely from a balance sheet standpoint I don't think it would be a bad idea. Flame away.
I hope AA doesn't go BK, since it would mean concessions/furloighs for pilots and ugly for all frontline workers throughout the industry, but purely from a balance sheet standpoint I don't think it would be a bad idea. Flame away.
05-25-2020, 03:44 AM
#60
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
Originally Posted by Tranquility
Weren’t you at Eagle during the last bankruptcy?? If so, was that fun? Did you enjoy Boston closing? Trying to understand your perspective....
it will suck for all airline employees, not just AA employees, since others will then be forced into BK afterwards.
I don’t want to see this happen, but believe that is his motivation. I meant this as a caution for us all and I don’t trust the “AA will never go BK” articles.
