Gnomon From , joined Dec 1969, posts, RR: Posted (13 years 10 months 1 week 8 hours ago) and read 829 times:
The question assumes a great deal, perhaps somewhat fallaciously, but what kind of liability is AA looking at in the wake the 587 accident?
Of course, factors that would determine liability and its monetary value will be determined a long time from now by the NTSB's finding of cause, but at this point, assuming a worst-case scenario, would AA be facing an insurmountable financial burden?
A $525 million loss last quarter, coupled with the potential for making settlement payments and/or paying out a judgment, can't bode well...
I'm pretty sure AA will survive, but could the liability issues change that prognosis?