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Joe Stocks

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Joe Stocks

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Re: See Shasta post# 38397

Wednesday, 04/09/2008 1:49:14 PM

Wednesday, April 09, 2008 1:49:14 PM

Post# of 77470
See, I researched AMR a couple of weeks ago going through their 10K for that possibility (BK). My conclusion was 'not yet'. IMO the remaining legacy carriers (CAL and AMR)that have not been in BK, will eventually end up there so they can trim their balance sheet like Delta and others. They have to do it to get on an equal footing to compete. AMR's pension obligation is huge. Anyway, they appeared to have no pressing largev scale debt, nor were they short cash. As to if they have fallen behind with some covenants with some lenders, I do not know.

Joe

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