Alex Tai/SOPA Images/LightRocket via Getty Imagesand start reading now.
By the end of 2021, American will have about $38 billion in debt, forcing it to take a different tack than the competition.American Airlines will face a transformed landscape when the nation's airlines emerge from the coronavirus pandemic, likely losing its coveted crown as the country's biggest airline. As it passes the crown, it risks falling behind rivals in the planning of a post-COVID world.
Now, they're settling in for the remainder of the crisis, and beginning to look toward growth opportunities on the other side. Southwest is focused on expansion. United is starting capital improvements and rejiggering its network. American's in this spot because it didn't pay down as much debt in the decade before the pandemic as Delta and United had, said Harvey Harteveldt, an airline and travel industry analyst. "They entered the crisis with proportionately more debt, and were more aggressive before with things like stock buybacks."
But now that COVID has hit, American and its peers are taking different approaches to what comes next.argued that the airline's daily cash burn rate is no longer relevant
Shit her down, send your debt to Pres. He will get it taken care of for you 😉
And its prices have always been high... hmmm
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