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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Regional (https://www.airlinepilotforums.com/regional/)
-   -   RJET down by -50% today? (https://www.airlinepilotforums.com/regional/89670-rjet-down-50-today.html)

BoilerUP 07-30-2015 06:40 AM
Lots of talk of bankruptcy for a company that still generated a profit...

SmitteyB 07-30-2015 06:52 AM
Originally Posted by BoilerUP (Post 1940254)
Lots of talk of bankruptcy for a company that still generated a profit...
Well said.

Unless they pull down flying SO drastically that they are defaulting on aircraft payments, then there is nothing to see here.

The company still has positive cash flow and therefore, bankruptcy doesn't make sense.

Ex lurker 07-30-2015 07:08 AM
Originally Posted by BoilerUP (Post 1940254)
Lots of talk of bankruptcy for a company that still generated a profit...
How much did AMR have in the bank when they declared? 5 billion? Bankruptcy seems to have morphed into a process of restructuring bad contracts instead of being the result of actually not having cash.

BoilerUP 07-30-2015 07:11 AM
Originally Posted by Ex lurker (Post 1940279)
How much did AMR have in the bank when they declared?
How much profit did AMR make in the quarters preceding their filing?

thump 07-30-2015 07:56 AM
Originally Posted by Beast (Post 1940218)
My bet is the Delta flying is at unprofitable rates, so they will go for a pre-packaged bankruptcy to shed those contracts, then emerge with just 170/175 flying. Might be a stronger company for it, or might not. Who knows.
This isn't about profitability. All the flying is profitable, but we don't have the staffing to keep all the planes in the air.

Beast 07-30-2015 08:04 AM
If my hunch is correct, the bankruptcy wouldn't be about profits or money in the bank, it would be about shedding the Delta E145 flying. Worth what you paid me for it

gojo 07-30-2015 08:07 AM
Originally Posted by SmitteyB (Post 1940263)
Well said.

Unless they pull down flying SO drastically that they are defaulting on aircraft payments, then there is nothing to see here.

The company still has positive cash flow and therefore, bankruptcy doesn't make sense.
Hmmm, how quickly one forgets about American's financial status when they filed

gojo 07-30-2015 08:09 AM
Originally Posted by gojo (Post 1940325)
Hmmm, how quickly one forgets about American's financial status when they filed
Should've read the rest of the posts before this post. Sorry for the redundancy

BoilerUP 07-30-2015 08:09 AM
Originally Posted by gojo (Post 1940325)
Hmmm, how quickly one forgets about American's financial status when they filed
Was the quarter (or four) immediately preceding their BK filing profitable?

gojo 07-30-2015 08:12 AM
Originally Posted by BoilerUP (Post 1940329)
Was the quarter (or four) immediately preceding their BK filing profitable?
Yes, it was more about restructuring to be more competitive with Delta and United


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