Replies to post #31945 on American Airlines Group Inc (AAL)

[KingDMC]

Looks like Delta has their laws all over RJETQ. Curious to hear more of how it may turn out with retail shares. Need to hear more developments. Watching that closely too.

[KingDMC]

And call me crazy, but don't be surprised to see JBLU, SKYW etc to come through with an acquisition somewhere at some point. In JBLU's mind, that $2B they were willing to put up has already been spent... Curious to see what they do with that money.

[j4turbo]

the link you have has the following on page 6

11. In the event a corporation experiences an Ownership Change, section 382
generally imposes a limitation on the amount of NOLs and certain other tax attributes that can be
utilized in each subsequent year to offset income. Subject to a number of potentially applicable
adjustments, this limitation is generally equal to the product of (1) the equity value of the debtor
immediately before the change in ownership multiplied by (2) a long-term tax-exempt rate
prescribed by the U.S. Treasury (2.53% percent for an Ownership Change occurring during the
month of February 2016). If Republic were to undergo an Ownership Change at a time prior to
consummation of a chapter 11 plan, the resulting annual limitation could result in a substantial
portion of their NOLs expiring unused.