Originally Posted by
Dave Noble
Umm, isn't AA already in the ditch with bankruptcy. Hardly indicative of a good business. I doubt that a new CEO is not going to get it out of the ditch and improve its fortunes
AA in the ditch? Horton followed the path of EVERY full service carrier to BK11 - not to mention US auto and steel companies - to level the playing field on costs. When entering BK, they had substantial cash on hand, have been generating positive cash throughout the process. Parker and his financial backers FINALLY figured out how to work the BK process to their advantage, stole AA - along with its pile of cash.