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Wretched Wrench said:There are still more concessions to be squeezed out of the low level employees.
Only after they have gotten all they can, will they do the BK thing to get even more.
Remember, the top 50 or so have BK proof retirements, so they will not be hurt too much by BK.
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Bagbelt said:The sites that rate the stock estimate debt at $14 bil.[post="253310"][/post]
Former ModerAAtor said:If you take the data from the 10K, it's closer to the $23B figure. Trying to estimate debt is a tricky business, since it changes based on a mix of long and short term debt. Not quite as simple as pulling a credit report...
I don't see a filing anytime soon. AMR already renegotiated its leases and contracts once. Not sure what added benefit really exists in a courtroom for either side.
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Hopeful said:The benefit to a CH.11 courtroom is screwing creditors out of their $$$$$$.
[post="253361"][/post]
Hopeful said:The benefit to a CH.11 courtroom is screwing creditors out of their $$$$$$.
Does anyone realize the profits that must be sustained and for how long to even put a dent in this debt?
[post="253361"][/post]
Get Over It Already said:Yep. A huge chunk of the profits we were bringing in during the late 90's were going to pay off the debt from the early 90's. Assuming AA returns to profitability at some point in the next few years, we'll be doing the same -- paying down debt instead of paying out profit sharing.
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Get Over It Already said:Yep. A huge chunk of the profits we were bringing in during the late 90's were going to pay off the debt from the early 90's. Assuming AA returns to profitability at some point in the next few years, we'll be doing the same -- paying down debt instead of paying out profit sharing.
For those who still believe that by filing Chapter 11, AA'd have zero debt, I suggest you go do a little research on your own. It's not a get out of debt free card. Yes, there's some debt that can be eliminated and you have the ability to be released from, but most of it is simply restructured, which means the payments are stretched out even further.
Do some creditors take a hit? Yes. But only the unsecured creditors.
Secured debt (aircraft and parts as security) is a far bigger amount on the balance sheet. To get out of those debts, AA would have to sell the asset. That's the dillema US Airways and United are in right now ---- they're losing aircraft and don't have the credit to replace them.
If the legal bills of UAL and US Airways are any indicator, any benefit from restructuring the debt simply got sucked up by the lawyers. They're really the only entity which benefits from a bankruptcy filing.
[post="253491"][/post]
Hopeful said:The benefit to a CH.11 courtroom is screwing creditors out of their $$$$$$.
Does anyone realize the profits that must be sustained and for how long to even put a dent in this debt?
[post="253361"][/post]
NewHampshire Black Bears said:+++++++++++++++++++++++++++++++++++++++++++++++
Hopeful,
You KNOW, I've "got your back" 99.9% of the time, but I voted" NO BK" !
1. Your right, there's MORE "$$squeezin' to come(thanx to a union/ATD based in Tex-ass and Okie-homa"
2. Unless 2 of the 3 (NW,CO, or DL) go BK, then we won't......... Because,
3. (Though I can't prove it) AA has ALWAYS "had a horse shoe up It's A$$, and like a cat with 9 lives, always lands on it's feet.
BUT, like everything else at AA, Time will tell !!!!!!!!
NH/BB's
[post="253566"][/post]
<_< I agree! Word around here is Arpy & Co. have been staching money as much as they can to buy assists of said Airlines, if, and when, they should happen to go Chapt.7!!!!!NewHampshire Black Bears said:+++++++++++++++++++++++++++++++++++++++++++++++
Hopeful,
You KNOW, I've "got your back" 99.9% of the time, but I voted" NO BK" !
1. Your right, there's MORE "$$squeezin' to come(thanx to a union/ATD based in Tex-ass and Okie-homa"
2. Unless 2 of the 3 (NW,CO, or DL) go BK, then we won't......... Because,
3. (Though I can't prove it) AA has ALWAYS "had a horse shoe up It's A$$, and like a cat with 9 lives, always lands on it's feet.
BUT, like everything else at AA, Time will tell !!!!!!!!
NH/BB's
[post="253566"][/post]
MCI transplant said:<_< I agree! Word around here is Arpy & Co. have been staching money as much as they can to buy assists of said Airlines, if, and when, they should happen to go Chapt.7!!!!!
[post="253609"][/post]