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Originally Posted by Margaritaville
(Post 3410897)
Are you serious? Look at the debt of Delta and United vs American. What a dumb retort.
American is like opening new credit cards to pay off the old maxed out ones then bragging how much debt you paid off. It's like being half a million dollars in debt and making $100K a year. |
Originally Posted by El Peso
(Post 3410922)
Serious question, if you were a CEO of a Major airline, would you try to get the debt to zero? Why or why not?
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Originally Posted by PSU Flyer
(Post 3410559)
Why are they called jetways or jet bridges?
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Originally Posted by Al Czervik
(Post 3410489)
Copied from elsewhere (AA)
On Debt: it is significant that the company has paid off approx 4.1B in debt since the high water mark of July 2021. They are right on track to pay off their planned in 15+B debt by 2025 even by conservative estimates on free cash flow and capex. Considering the difficulty of the environment over the last year, they have done the hardest work first. |
Originally Posted by Margaritaville
(Post 3410889)
What about the remaining $30 Billion?
AA would be at the same ballpark debt level as DL/UAL. I imagine some debt will always be on the books. I know debt reduction was number one goal before the pandemic. Looks like they’re making good on that. |
Originally Posted by JulesWinfield
(Post 3410931)
What free cash flow? They’ve had negative cash flow 7 out of the last 10 years, including 2019, the busiest travel year of all time.
American Airlines Group Annual EPS 2021 $-3.09 2020 $-18.36 2019 $3.79 2018 $3.03 2017 $2.61 2016 $4.65 2015 $11.07 2014 $3.93 2013 $-6.54 |
AA took a gamble with all time low interest rates to re-fleet in a short time period vs more gradually. Covid ruined that but now they have the most simplified and fuel efficient fleet. I’m sure once Delta and United are done bringing in their new aircraft the debt levels will be more even. I don’t know why it matters to the APC crowd so much, I don’t invest my money into airlines. I just work here man.
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Originally Posted by El Peso
(Post 3410941)
Wait what? Lol want to show your work here?
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Originally Posted by Margaritaville
(Post 3410897)
Are you serious? Look at the debt of Delta and United vs American. What a dumb retort.
American is like opening new credit cards to pay off the old maxed out ones then bragging how much debt you paid off. It's like being half a million dollars in debt and making $100K a year. https://uploads.tapatalk-cdn.com/202...0e464dc160.jpg Looks like currently AA/UAL have about the same debt since that 4.1b was paid off from these 9/21 numbers. If the forecast I posted continues on path that will put AA at 30b debt in 2025. That would below DL/UAL’s debt levels. Though, I assume they plan on paying down debt as well. |
Don't want to get into a big thing here Al, but here's a list from 2019. Maybe more telling of the long term financial management since it excludes covid.
https://www.statista.com/statistics/...ps-us-covid19/ |
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