Aa only retires something like 50 the next two years. It picks up in 2016

 

Dude I thought I was the most negative person out there. Clearly you win. You were wrong about the merger and the retirements- take the rest of the week off... It's approximately 200, refer to the APA/USAPA comparison they sent out in the mail before we voted.

 

You might want to double check that. Anyone holding stock in a bankrupt company gets nada when the new stock is issued. Only those who are creditors get the new stock. Stockholders are not considered creditors. Bond holders are. Which are you?

 

Fully correct, concur

 

Uh no it's 58 next year for AA.

 

APC shows 58 for this year and 83 for 2014. Where's your 58 coming from?

 

You're off a year, CP. It's 83 in 2014 and 112 in 2015.

 

Oh nm I got the years mixed up.

 

This particular bankruptcy is different...AAMRQ stock holders will gain shares of the new AAG. Here's a great article if you're into investing.

AMR Corporation Is A Bargain [US Airways Group Inc] - Seeking Alpha

Additionally, I've heard elsewhere that when the merger is completed AAMRQ holders will hold an amount of shares of AAG to equal approximately 72% of the price of what LCC traded on the last day prior to the merger (i.e. if it was today, AAMRQ would get $16 a share). This is more of a WAG though.

 

The article needs to read with care (but wait until later in the day tomorrow so I can load up on AAMRQ and then dump them to everyone else that misreads the article)...

"Under the terms of the Plan, the merged entity, American Airlines Group (AAG), will be owned by the existing LCC shareholders and the stakeholders of AMR. Specifically, existing LCC shareholders will exchange their LCC shares for a 28% ownership interest in AAG. AMR stakeholders will receive the remaining 72% ownership in AAG in exchange for their claims and equity interests in AMR Corp."

LCC shareholders will get shares of AAG.
AMR stakeholders will get shares of AAG.
AAMRQ shareholders will get nothing.

It is impossible for shareholders of a BK organization to receive any equity upon exit from BK. The enterprise went BK due to the fact that they had more liabilities than assets. The remaining assets were divided up between the secured and unsecured creditors. Shareholders are not a party of either group.

Anywhoo, congrats to the AA and Airways gents.