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i wouldn't turn down a 8 series (135K) gull doors and all, love the extras, but wow, a lot of money for anyone, i would think
do we think earnings is gonna cause a temporary bump? or dip? will it be a selling opportunity or a buying opportunity?
you mean, 4,800,000.00, right? either way a lot of money
i heard 12-16 months, everyone will be paid, and everything finished
Summary of U.S. Bankruptcy Court Hearing Regarding AA’s Motion to Disburse New American Common Stock to Old Equity – April 16, 2015
At a hearing yesterday in U.S. Bankruptcy Court, Judge Lane denied American Airlines’ Motion seeking permission to disburse to old equity New American Common Stock that is currently being held in the Disputed Claims Reserve (DCR). (Old equity consists of those individuals or institutions that hold shares of stock that were issued prior to the bankruptcy filing.)
APFA and APA both argued in a joint objection to the Motion that American’s request to the Court would have benefitted only old equity, while it would have exposed unsecured creditors and employees to the unnecessary risk of not receiving all the stock to which they are entitled under the Plan of Reorganization. In rejecting the Company’s Motion, the Judge held that there was no reason why shares in the DCR should be disbursed to old equity at this time. He found that a significant number of disputed claims remain unresolved and need to be settled before distributions are made to old equity. Finally, he stated he was denying the Motion in order to honor the priority the Bankruptcy Code gives unsecured creditors over old equity, and to ensure that all similarly situated creditors are treated equally. To read this update in its entirety, click here.
By way of background: The Disputed Claims Reserve contains shares that the Company uses to settle allowed claims. In addition there is a Labor Allocation Reserve that is comprised of shares that are used to ensure employees receive 23.6 percent of any shares distributed to AMR creditors from the DCR.
On March 26, the Company filed the Motion in the Bankruptcy Court. It claimed that based on its estimate of the claims that the Bankruptcy Court would allow, the DCR would retain more than sufficient shares to cover these claims even if the requested disbursement were made. Of the $1.2 billion in claims that are still disputed, the Company posited that the portion that would be allowed would not exceed $65m with a high-end estimate of $139m. Based on these assumptions, American asked that of the $528m in stock held in the DCR, $237m along with $73m from the Labor Allocation Reserve be distributed to old equity. If the Court were to have allowed the disbursement of these shares, the DCR would have retained $291m in stock and the Labor Allocation Reserve would have kept a proportionate number of shares to cover the employees’ entitlement of 23.6%. American claimed that with $291m in stock remaining in the Disputed Claims Reserve, it would have had more than twice the Company’s high end estimate of $139m.
Last week, APFA and APA filed its opposition to the Motion. In our objection and our argument at today’s hearing, we asserted that the Company had provided insufficient evidence that its estimates of allowed claims were reasonable or reliable. If American’s assessments were wrong, the DCR would be left with too few shares to cover both the claims that were ultimately allowed by the Bankruptcy Court and stock that would have been distributed to the employees.
Also, the Company’s Motion did not adequately address the fact that there are still $1.2B in disputed claims that have yet to be resolved. As the Court stated, while some of these claims will ultimately be reduced to a very small percentage of the amount sought by the creditor, there was no compelling reason why the Company’s estimates should be accepted and acted on today. Instead Judge Lane determined that it was far more prudent to wait until these claims are, in fact, resolved; only then can the interests of unsecured creditors and employees be respected.
potential fed rate hike, most likely produce "taper tantrum" in market, what impact do you think this may have on the airlines.
"Cash — As of March 31, 2015, the Company had approximately $9.9 billion in total cash and short-term investments, of which $757 million was restricted. The Company also had an undrawn revolving credit facility of $1.8 billion.
"Approximately $644 million of the Company’s unrestricted cash and short-term investment balance was held in Venezuelan bolivars. This balance includes approximately $621 million valued at 6.3 bolivars and approximately $23 million valued at 12.0 bolivars, with the rate depending on the date the Company submitted its repatriation request to the Venezuelan government.
"These rates are materially more favorable than the exchange rates currently prevailing for other transactions conducted outside of the Venezuelan government’s currency exchange system.
"The Company’s cash balance held in Venezuelan bolivars decreased $12 million from the December 31, 2014 balance of $656 million."
quick question, who are these folks that have set their adj price estimate at 20.00 and 30.00 pps?
we hate them, not as much as UAL, but we hate them and they must be stopped
i don't know what happened at noon, but that was ugly, if AAL didn't pull out the corporate "buy back" credit card at the end of the day, they should have, is there another stock with a 50% upside that i didn't hear about? at least it wasn't straight down, ugh getting old, not gonna look, gonna drink instead
i think (JMO) 51 is modest(now), 54 is fair, 56 is good, 61 is great(next 2 months), and 71 is optimistically doable by end of year. something is gonna have to happen to pull the trigger on this beast and get the ball rolling, and i hope it happens sooner than later. there is still an overwhelming amount of good news out there for this stock to not be doing much much better. we are still looking at the biggest upside in the market out there. thats incredible. holding uber tight to my shares
and one for the conspiracy theorist out there, the press was starting to get some traction with the whole, airlines raking it in, but fare remain high thing. and a little "doom and gloom" will splash a little cold water on that story. (they always fail to mention, that the year following 9/11 that the industry lost more money in one year than they had made since its inception) and they need to rebuild those reserves, and stabilize, and they are still wildly volatile. we need like a decade of positive to recover.but the general public doesn't wanna hear about obscene profits when most would like 99 dollar fares everywhere. hahahaha
still the best upside out there http://www.bidnessetc.com/35401-american-airlines-group-inc-aal-stock-has-50-upside-barrons/
got another 100 shares at 48.00 out of money, i am ready for a big bounce, missing that 56.00 PPS
so what dates are important this month? 24 april? any others? lets all just decide tomorrow will be a huge unexplained bounce for no apparent reason. good, that is all
not much but added 100 more fluff shares at 48.00, still have the faith, still incredible upside, just gotta keep the faith and have patience,
any thoughts or predictions on next week, i would like to pick up a few more cheap shares on monday, but its hard to tell with the normal factors don't play into it, feels more like dice, any guesses out there?
anyone know date of next earnings report and load factors for 1Q?
well, i am ready for my bounce please, a dollar will do , for now
OK, hypothetically, if someone went in there and bought 67 million shares at the end of the day, didn't they just buy 10% of the company?
volume? what? mine shows just a hair under 91 million shares, thats crazy, wow, not sure what that means, but isn't it around 12 million a day? average
OK, i am ready for the BOUNCE...
i want UAL to go down, almost as much as i want AAL to go up,.....almost. ahhh UAL, how i hate thee, let me count the ways. (jealousy is a green eyed monster)
what the H*LL just happened?? ugh, i am just gonna have to pretend i am waiting to go long, again, and stop watching. this is irrational. not being greedy, but i am not selling at this big a discount. the upside potential is still too great. tired of other airlines post bad numbers, and not only do they go up, but we go down, on their numbers, let UAL be the largest airline, and we can have our turn at the favorite child status.
bottom line, most of us have been here through all the BK, DOT, courts, merger, ect..many stuck to it, to be "long" on the stock, for capital gains reasons, but has there been a time in the last 18months or so, that you have been more confident in this stock? through all the nay sayers, and the laundry list of reasons why this stock was gonna tank, or wiped out, or go nowhere, or be consumed by another carrier, not to mention all the "professionals" that said sell, sell, sell. i have never been more confident. now, if we can just be patient enough, till the powers that be, figure it out. GLTA. too much of an up side to leave now. who else has a petiole upside like this
we should be struggling for 58.00 (or better) not 48.00 ugh you just couldn't ask for better #'s, everything that could come together has. fuel low, contracts signed, synergies begun, new routes, new planes, bills paid, low debt, did i mention our biggest expense fuel, is HALF, of what our business model is based on? i certainly hope AAL is buying back stock while its low, less shares out there. :0
as far as new employees, we are buying new planes faster than we are retiring them, (and someone has to pilot them) plus the mandatory retirement age of the senior highest paid pilots, which is significant, is going to leave us uber short pilots, for the whole industry. so they are hiring/training them as fast as possible. which will pay for itself with lower wages. plus they reduced staffing to bare bones during economic downturn, and they need the people back (also new and cheaper wages) to bring in the money with a better economy, new routes, and more customers. even the wage improvements merely offset the pay cuts from more than a decade ago. so shareholders are sitting pretty. the model was set up on 90-100 $ a barrel oil, our savings were put into more fuel efficient planes, the reduction in the price of oil is icing on the cake. for whatever reason, fuel savings is not figured into this yet. neither has synergies of both airlines. it will happen. patience, long and strong.
a second bite of the apple? i bought in more at 48.00( a while back) and not fluff, time to double down on those shares, these are some crazy cheap undervalued shares, this reminds me of when this was 12.00 and then 24.00 and folks were like sell sell sell or you loose it all. it may not be soon, but it is around the corner, and when it goes up it will sky rocket like before. just a lot of nervous nellies, and like before people will be saying "i wish i had bought, when" and why didn't you tell me". this is another, life changer. GLTA
are these the public bonds? being offered, what are y'alls thoughts, 2020 is a long time to be locked in, into a cyclical market. whats the upside? downside?
we get dividends monday, right?
Pivot Points
Resistance 3: $53.71
Resistance 2: $52.41
Resistance 1: $51.72
Pivot Point: $50.42
Support 1: $49.73
Support 2: $48.43
Support 3: $47.74
blew past first resistance, approaching second,,,
OK, nobody breathe, little dip coming, but lets keep it above 50.00, i need a break out, want 56.39 before march 17th. crossing fingers and toes
glad you are not going out of ORD this week, epic cancellations, but message me flt number and date and i will see if i know any of the crew
its coming, most on here have lived thru the BIG bumps and climbs, its coming, and i think soon, we KNOW it can happen, cause it happened before, even those getting in now, look at a 50% return, where do you find that up potential? gonna be a great year. GLTA
http://www.flightglobal.com/news/articles/iag-aer-lingus-would-join-oneworld-and-atlantic-pact-408331/
water cooler chatter says this is done deal