Moving On
08-06-2022, 07:50 AM
#32
On Reserve
Joined APC: Apr 2021
Posts: 14
FWIW, I'm only a 2 year FO and the decision was still tough to make. Too much uncertainty at NK to feel comfortable in DTW.
Good luck to all.
08-06-2022, 08:19 AM
#33
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,788
I'm leaving for DL in around a week. My background and PRIA was completed quite quickly, although the time between a CJO and first available class date is so long that it pretty much doesn't matter (AA and UA are slightly less backed up for indoc though). I'm pretty sure they're legally required to respond within 30 days.
FWIW, I'm only a 2 year FO and the decision was still tough to make. Too much uncertainty at NK to feel comfortable in DTW.
Good luck to all.
FWIW, I'm only a 2 year FO and the decision was still tough to make. Too much uncertainty at NK to feel comfortable in DTW.
Good luck to all.
08-14-2022, 03:33 AM
#34
Gets Weekends Off
Joined APC: Nov 2015
Posts: 1,542
For the OP, check out the state of the economy. Housing is down another 20% last month, Portfolios are losing value, cost of goods is increasing. People aren’t going to go into bankruptcy because of bad loans, it will be because of total debt. Does everything “feel” like it’s in a good spot? Their is a tremendous amount of global instability and almost certainly a war is on the horizon (currently in a proxy war). Knowing that and that airlines hire until they furlough is also useful.
If you only have 15 yrs left, how would it feel spending 2 of those furloughed?
Best of luck to you, whatever you choose.
If you only have 15 yrs left, how would it feel spending 2 of those furloughed?
Best of luck to you, whatever you choose.
08-15-2022, 08:35 AM
#35
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
I think they are closer to $40B. I used to think that the govt would never let a company named American go out of business, now I think it’s a possibility.
08-15-2022, 11:41 AM
#36
Gets Weekends Off
Joined APC: Aug 2010
Position: A319/A320/A321 CA
Posts: 363
I may have gone off on a tangent.
The point is, I think this is part of AA’s business plan. I think it’s a foregone conclusion that when a recession comes again, AA will re-execute its plan and history will repeat itself again. And I do think they lean heavily on the notion that our government won’t allow their name to fail. However, if politics mean anything, I think them house/senate boys down in Texas would love to see an AA in BK during Biden’s administration.
Last edited by MtnPeakCruiser; 08-15-2022 at 11:51 AM.
08-15-2022, 11:44 AM
#37
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,203
08-15-2022, 01:38 PM
#38
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,788
The last figure I saw was somewhere between 37 to 38 billion in debt. The world’s largest airline has negative equity. Someone once pointed out to me that with miles programs that legacies are essentially financial institutions with an aircraft fleet, and that their balance sheets are incredibly more favorable if you include the value of their miles programs. But I think the incorrect assumption there is that the airline and the credit (miles) program are the same entity; to my knowledge they’re purposely separate. And why would they scrap the value in their miles programs to save the books on a sinking airline when it’s easier to head straight for the debt iceberg and figure it out in Chapter 11? Sounds eerily similar to when AA declared BK in 2011 with 25 billion in assets (10 billion in cash) and over 29 billion in debt.
I may have gone off on a tangent.
The point is, I think this is part of AA’s business plan. I think it’s a foregone conclusion that when a recession comes again, AA will re-execute its plan and history will repeat itself again. And I do think they lean heavily on the notion that our government won’t allow their name to fail. However, if politics mean anything, I think them house/senate boys down in Texas would love to see an AA in BK during Biden’s administration.
I may have gone off on a tangent.
The point is, I think this is part of AA’s business plan. I think it’s a foregone conclusion that when a recession comes again, AA will re-execute its plan and history will repeat itself again. And I do think they lean heavily on the notion that our government won’t allow their name to fail. However, if politics mean anything, I think them house/senate boys down in Texas would love to see an AA in BK during Biden’s administration.
This one is particularly well done.
https://www.youtube.com/watch?v=ggUduBmvQ_4
08-15-2022, 07:34 PM
#39
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
09-27-2022, 05:30 AM
#40
Line Holder and Reservist
Joined APC: Dec 2021
Posts: 34
I was reading above for awhile back that Spirit was responding fairly quickly to PRIA requests. I have DL requesting PRIA for at least a month and a half now, and the background check company says they've attempted electronically to request PRIA from Spirit 3 times to no avail and have had to physically mail the PRIA request recently. Anyone else had this happen recently?
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