Quote:
Originally Posted by Laminar
AA is in much greater financial troubles than UAL. However, they are treating the situation very differently.
AA DUI jail time CEO has claimed
No Bankruptcy
No Furloughs
New hire class training has resumed
UAL
Expect furloughs
Bankruptcy possible
Cut salaries
Useless training has stopped
Either AA peeps are going to be broadsided badly or everything over there is gum drops and rainbows
So it is not really a new hire class. This is the class we took on board because we would have cancelled on them within one week of class. So we have been paying them to do nothing. A lot of people are hoping this means no furloughs but I remain unconvinced as airlines have wasted money in the past though I am hopeful as well all are. Our debt has extremely AA friendly loans and we don’t have to service most of it until late in the decade. We are not quite on the financial life support seeking alpha would have you believe. That said we are still over staffed by 1300 next summer so who knows. We will retire north of 1000 pilots in 2020.