In today's 4/6 NYT, there's an article on AA re-hiring their old CFO Horton. An interesting excerpt and quote:
Horton added that the company won't chase unprofitable growth.
''We are focused on making this company as profitable and as successful as it can be, and I don't think that's about market share,'' he said.
The article also mentions that AA has $20 billion (with a "B") in debt....
By their own admission, AA estimates that they'll lose $100-$115 million on Love ops this year alone.
File this message away for future reference, as once Wright is repealed, should AA ever file for reorganization under Chapter 11, you can bet your boots that the Wright Amendment repeal will be blamed for the whole thing. Won't make it true, of course, but it beats the alternative of asking the hard question of why an airline $20 billion in debt makes a decsion they know will cost them $100-$115 million a year.