Originally Posted by
FWAAA
Yep, Horton and the UCC generally think that AMR's creditors deserve more than 70% of the equity.
Hypothetically, if AMR might be worth $8 billion on its own as it emerges from Ch 11, and US is currently worth $2 billion, then US shareholders should get no more than 20% of the equity.
So some think that aa might be worth 1.5b more than uaco? That's just crazy. With what assets? Mia and dfw? 3rd place in NYC. 2nd place in ord.
Uaco, despite their integration difficulties, is a much larger airline with FAR better assets including the most profitable hub in country. No way aa will be failed higher than uaco.