FlyerTalk Forums - View Single Post - AMR files for Chapter 11 / Horton named Chairman and CEO (29 Nov 2011)
Old Jan 13, 2012 | 7:26 pm
  #1012  
JNB280
15 Years on Site
 
Join Date: Mar 2008
Location: BUF
Posts: 654
Originally Posted by Eujeanie
So now you all have us worried...we can't burn our miles now, we were saving our many hundreds of thousands of AA miles to use for foreign J travel when we are in a position to do so...with a 92 yo mil we are not in that position quite yet, glad to say.

But should we be worried?
No, not immediately, but you should closely monitor the situation. Once the bankruptcy was announced, it was only a matter of time before takeover/merger rumors came to the surface. It's a natural progression given the circumstances. That said, it is going to be some time before something officially happens, and then even longer for the process to go through the regulatory hearings etc. In other words, you will have time to react should this happen.

As others have stated, I would not be looking at a long term building/banking strategy. Anything over a year out seems somewhat risky, given the state of the industry. I wouldn't be concerned about an outright loss of RDMs. However devaluation is part of the game, and IMO as alliances/JBAs/JBVs become stronger, that devaluation accelerates.

Last edited by JNB280; Jan 13, 2012 at 8:00 pm
JNB280 is offline