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Joe Stocks

04/09/08 1:49 PM

#38400 RE: See Shasta #38397

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.
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pantera

04/09/08 1:54 PM

#38403 RE: See Shasta #38397

Shasta,

That rumor is pure B.S.

As to the most recent news, all I can say is what a NIGHTMARE!