Скачать или смотреть American Airlines BANKRUPT 2020? | American Vs Delta Vs United Finance Strategy

Airlines face an unprecedented international crisis in the wake of the pandemic. The International Air Transport Association (IATA) estimates that the global industry will lose more than US$252 billion in 2020. Many airlines are cutting up to 90% of their flight capacity. On March 1, more than two million people in the US were flying per day. A month on, fewer than 100,000 people are going through airport security daily.

In the US, a federal government US$50 billion bailout fund – part of which will fund cash grants going towards airline workers, and the other part loans for the airlines themselves – was rolled out piecemeal in March, with revisions announced on April 14.
American Airlines has the industry’s highest debt at $34 billion, some $10 billion more than at Delta Air Lines or United Airlines. That prompted market speculation about its future.

Then the CEO of Boeing said a major U.S. airline would “most likely” go out of business.

American Airlines will have none of this.

“American is not going away,” CFO Derek Kerr says. “You can take that one off the list.”

Kerr concedes American needs to boost its standing with investors.

Whereas Delta and United are raising cash mostly from the open market, American is prioritizing a $4.75 billion CARES Act government loan.
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#aviation #americanairlines #bankruptcy
According to a new assessment from risk assessment firm RapidRatings, the U.S. airline most in danger of going bankrupt is American Airlines. Rapid Ratings CEO James Gellert joins Yahoo Finance’s On The Move panel to discuss.
#AmericanAirlines #Airlines #furlough #october1st
Update:
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American Airlines said Tuesday that it will eliminate 19,000 employees by Oct. 1st 2020 as it works to recover from the sharp downturn in travel created by the pandemic.

Flight attendants will face the greatest number of cuts with the airline cutting some 8,100 positions, American said in a regulatory filing. About 1,600 pilots will lose their jobs.

Cuts will not be equal across the board, according to the filing. For instance, "since international flying is being reduced more than domestic service, groups that are staffed more heavily toward international service may see a larger impact," the airline said in the filing.

AMERICAN AIRLINES WILL SUSPEND FLIGHTS TO 15 US CITIES AMID AID DEBATE

The latest furloughs and management layoffs announced Tuesday are in addition to 23,500 employees who accepted buyouts, retired early or took long-term leaves of absence earlier this year.
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