Bankruptcy

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View Poll Results: Will AA declare bankruptcy?
Yes
219
70.65%
No
91
29.35%
Voters: 310. You may not vote on this poll
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Quote: Will AA go bankrupt anytime soon? Probably not. But if I were a prospective new hire, I'd steer far clear of coming here vs pretty much any other major, LCC, or ULCC. Never would have said that a year ago, unfortunately our management is too arrogant to realize that they're going to have a huge problem recruiting in the future for both here and the WO's, as the flow is essentially worthless.
Its a tough bet to make. I agree, we’re a dumpster fire of a company right now. But if you’re a 30 year old with your eyes on a major, you should be looking at the aggregate of the 35 years you have left. The AA, Delta, United etc of today will look completely different in five or ten years, yet alone 20.

I’m not saying that AA is the best choice when you take the long view, just saying when it comes down to it it’s a gamble on the future of the company and how it effects your career trajectory. That gamble looks different for everyone.

Don’t forget that even highly qualified candidates don’t have pick of which company they want to work for. I wish they’d have a shortage of people coming here but I don’t see it.
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Quote: Its a tough bet to make. I agree, we’re a dumpster fire of a company right now. But if you’re a 30 year old with your eyes on a major, you should be looking at the aggregate of the 35 years you have left. The AA, Delta, United etc of today will look completely different in five or ten years, yet alone 20.

I’m not saying that AA is the best choice when you take the long view, just saying when it comes down to it it’s a gamble on the future of the company and how it effects your career trajectory. That gamble looks different for everyone.

Don’t forget that even highly qualified candidates don’t have pick of which company they want to work for. I wish they’d have a shortage of people coming here but I don’t see it.
Yeah. I wouldn't not apply to AA.

I wouldn't not accept a job at AA either, unless you have other offers. Most folks don't have multiple offers in hand before their class date, but some mil do, at least in good times.
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Quote: Is this satire? I only ask because I had to look up "traditionalist" and they are essentially in their 80's or dead by now. Is there another meaning I am not aware of?
That chart is equal parts hilarious and equal parts very real. Grandma and Grandpa want to get on an airplane and we will take their money. But I suspect the data is skewed anyway because how many people in that group really travel at a base line level. Still though, good news for all of us to pile on top of everyone being able to get a vaccine by summer. Equally hilarious is some employee groups being bribed with paid days off to get it. That’s motivation I might be cool with.
https://www.google.com/amp/s/finance...110150405.html
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Quote: I don’t know about WO’s but..

They won’t have a problem with recruiting here. If you can make 200k you second/third year you’ll always have a line of people.
yeah this is true until it’s not. If they go into 11 no mo 200k 2nd year ask folks after 9/11.
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Quote: yeah this is true until it’s not. If they go into 11 no mo 200k 2nd year ask folks after 9/11.

200k year two involves a lot of extra flying....

Anyway stimulus passed
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Quote: yeah this is true until it’s not. If they go into 11 no mo 200k 2nd year ask folks after 9/11.

DL and UAL will follow AA through the BK car wash. It will be universal.
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Quote: DL and UAL will follow AA through the BK car wash. It will be universal.
Will they get the hot wax? I wonder.
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Quote: Will they get the hot wax? I wonder.

Undercarriages will be scoured.
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Man, I came looking for scientific discussions on if we were going bk or not. I have been mislead down the rabbit hole of WO/mainline/flow/who owns me again and I still don't get it after all these years.. or maybe I just don't care. Time to go back to flying my magic brazilian bicycle with wings and contemplate when flow will start up again.

ALSO: Any rumors on when they are starting classes back up while we are all here? Heard 3rd hand knowledge of summer-ish.
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Discuss:
CNBC: American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt- March 8, 2021

https://www.cnbc.com/2021/03/08/amer...r-program.html

Sounds like AA doesn't like the government's money. Do we have any assets left to leverage?

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EDIT: I suspect AA doesn't like this term in their lending agreement with the treasury because I remember saying to myself the same thing: "The transaction agreement includes covenants by the Company to comply with certain restrictions on employee compensation, stock repurchases, dividends, and reductions in employment levels, as required by the CARES Act. Treasury will receive warrants to purchase common stock equal to 10% of the total loan amount drawn."

So we are just going to get the money elsewhere with more favorable terms. I also learned a thing... We incorporated AAdvantage in the Caymans.. love it
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