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Thread: AMR CH 11 Around the Corner?
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Old Jan 28, 2003 | 12:08 pm
  #5  
bareflanks
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Location: Laguna Beach, CA; Former DL everything, now AA/AS everything; SPG Plat; Marriott Plat; and all that other stuff!!
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The real problem is that AA is the most leveraged of all US carriers. Their net debt-to-capital ratio stands at around 96% and has never been this high. Unions or not, they have very little room left to raise cash or lower debt/costs.
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