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Originally Posted by chrisreedrules
(Post 3185605)
If AA doesn’t see any positive trends for the summer they’ll declare bankruptcy sooner rather than later. They aren’t just going to keep burning through cash at the rate they currently are until they hit the liquidity floor their creditors have imposed. I’d expect a filing by May/June if Spring Break and summer bookings aren’t looking strong. And I’d guess that with no uniform standards for providing proof of vaccination international travel will be difficult until nations work out some sort of system. And not to mention the incredibly rough start the rollout of the vaccine has been. AA isn’t going to be buying planes from anywhere anytime soon. Why assume more debt when you could have SkyWest or Republic assume that risk while still providing service.
all valid points. I’ve kinda resigned to the idea that they don’t know what they’re doing so how could we possibly know? |
Originally Posted by chrisreedrules
(Post 3185605)
If AA doesn’t see any positive trends for the summer they’ll declare bankruptcy sooner rather than later. They aren’t just going to keep burning through cash at the rate they currently are until they hit the liquidity floor their creditors have imposed. I’d expect a filing by May/June if Spring Break and summer bookings aren’t looking strong. And I’d guess that with no uniform standards for providing proof of vaccination international travel will be difficult until nations work out some sort of system. And not to mention the incredibly rough start the rollout of the vaccine has been. AA isn’t going to be buying planes from anywhere anytime soon. Why assume more debt when you could have SkyWest or Republic assume that risk while still providing service.
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Originally Posted by pangolin
(Post 3185656)
The whole hiring rumor could just be a ruse to get pilots to accept the recall so you will not be short come summer.
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Originally Posted by jayhook
(Post 3185694)
Hiring notice was posted after the recall deadline.
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Originally Posted by pangolin
(Post 3185700)
So not enough takers I guess.
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Originally Posted by citabriacaptain
(Post 3185728)
according to the class dates that were sent out, there were plenty of people that accepted the recall. I was actually surprised how many accepted. Now how many have since resigned when it came time for class is another. By now only 1/3 of the available classes have begun though, so I don’t think the hiring announcement is directly a result of a disappointing number of recalls. I personally think the company has some news unannounced
I'm really hoping that we're going to find out something next week around the earnings call release on Thursday. AA is indeed hemorrhaging money so if they announced some more flying for the WOs (that can be done cheaper) maybe that'll (barely) soften the blow of bad news. Or maybe I'm just wrong. |
I agree, it seems like there’s more to the story. You guys were heavily overstaffed with the early retirement of the -2s. Now all pilots are recalled and the company is bribing additional pilots on property?
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The letter from dion and new logo has to mean unannounced news
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Originally Posted by ZeroTT
(Post 3185761)
The letter from dion and new logo has to mean unannounced news
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Well that’s better
still the purpose change is significant |
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