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Thread: This is how Bankruptcy begins...

  1. #21
    Registered User ardvark's Avatar
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    Could be

  2. #22
    Registered User NoOtPilot's Avatar
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    Quote Originally Posted by Meatloaf View Post
    I was just told this is the 76 reduction only. It is being drawn down over three years.
    Not the only reduction that has been drawn.

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    Quote Originally Posted by NoOtPilot View Post
    Not the only reduction that has been drawn.
    Correct 80 and 190 also. But according the SEC filing, the fleet stable and growing over the next 3 years

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    Quote Originally Posted by Meatloaf View Post
    Correct 80 and 190 also. But according the SEC filing, the fleet stable and growing over the next 3 years
    According to AAG's latest 8-K filed 10/25/2018, the AA fleet is actually slated to decrease by 2 from 957-955 from end of this year through to the end of 2020 or a very slight reduction. Still fairly stable, but not growing. AA's regional fleet is slated to increase by 13 during the same period, so that's the part that's growing. Good for ardvarks job security, but HUGE changes are possible between now and then, so impossible to predict. If job security was the most important, I'd put cash on ard's employment vs. the very bottom of the AA list over that 2-year window. Not to say one thing or the other, just from an odds/risk standpoint.

  5. #25
    Registered User NoOtPilot's Avatar
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    Quote Originally Posted by Meatloaf View Post
    Correct 80 and 190 also. But according the SEC filing, the fleet stable and growing over the next 3 years
    100% agreed, over the next 3 years.

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    Quote Originally Posted by NoOtPilot View Post
    100% agreed, over the next 3 years.
    The 8-K that looks beyond 2020 might be interesting. Curious to see what info is or isn't in that one.

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    Registered User NoOtPilot's Avatar
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    Quote Originally Posted by Beagleboy View Post
    The 8-K that looks beyond 2020 might be interesting. Curious to see what info is or isn't in that one.
    100% agreed.🤔 ďor isnít in that one.Ē
    ⏳⏳⏳

  8. #28
    Registered User NoOtPilot's Avatar
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    Quote Originally Posted by NoOtPilot View Post
    For those that didnít have the privilege to go thru this process...
    This is how it all begins...right before Christmas.

    American Airlines filed for bankruptcy protection to cut labor costs in the face of high fuel prices, capping a prolonged descent for what was once the largest U.S. carrier.

    American Airlines, also filed for bankruptcy and replaced its chief executive.
    The company, has been mired for years in fruitless union negotiations...

    November 29, 2011 / 7:54pm / 7 YEARS AGO
    Wonder if the playbook still the same 9 years later?
    Last edited by NoOtPilot; 05-19-2020 at 12:10 AM.

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