- Jun 13, 2005
jimntx said:Those "analysts" must not read AA's required financial filings. Otherwise they might have caught the mention of the $3.5 BILLION we have in the bank.
There's a huge difference between cash in the bank and working capital. Facing huge fuel costs and competing against two more legacy carriers operating under Chapter 11's comfort, AMR is in no position to squander money for a Boeing Field project. They have, however, performed another successful media blitz promoting their "worst nightmare scenario" designed to convince the King County residents that BFI will be the new location of a bazillion flights from SeaTac. (Why let facts get in the way of a good scare tactic? )