FlyerTalk Forums - View Single Post - Dallas Morning News: AA Could be Bankrupt in May
Old Feb 26, 2003, 12:12 am
  #26  
Doppy
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Join Date: May 2000
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AA might be able to salvage things with major union concessions, but I think a war starting in the next month or two would pretty much guarantee that AA ended up in at least chapter 11.

International travel fell off by 40% during the last Gulf war, and domestic by 5-10%. That was in times when most people weren't already in a panic about terrorism.

AA and the other majors can't handle a blow like that. They're getting killed domestically by the low cost carriers on all but a handful of lucrative routes; international is probably all the majors have...

d
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