Yep, about two to three years long...

with a legacy that will last a lifetime.

Frank "I Thrash Labor Through Bankruptcy" Lorenzo might disagree.

Good luck to the guys and gals at AA and AE.

It's not a pre-packaged BK either (according to CNBC). This doesn't bode well for the creditors I wouldn't think. Sounds like there is none of the DIP financing either that the rest of us had. Anybody got any ideas how this will affect things?

The comment was in reference to this "round"

Thanks everyone... 'ppreciate the words.

Assuming the position,
73

So how long until a merger is announced?

To be sure this SOB's severance pay cleared the bank yesterday.

To the folks at AA who make it work... Pilots, FAs, MX., ground personnel... Good luck.

To the empty suit at AA... Shame on all of you!

“But as we have made clear with increasing urgency in recent weeks, we must address our cost structure, including labor costs, to enable us to capitalize on these foundational strengths and secure our future.”…………..

“I'm sure Mr. Arpey received a nice severance package.”………..

Bastards. Don't market and grow and work like it's yours and you built it.

Cut, slash and burn................and oh yeah, leave with your $200 million parachute.

It's cold and flu season
Cough, cough......Ahhhhh chewwwwwwww!!!!

I believe NWA also provided their own DIP...

If they couldn't line up DIP financing, perhaps it is due to the lock ups in the credit market. Usually, if a company can't secure DIP financing it is more likely to a disorderly filing. In the case of an airline, I would think it makes liquidation or possibly a sell off much more likely.