It seems many Anetters have this pipe dream to see AA go under. That’s just not the case. This sick and twisted idea is tied to the livelihood of thousands of employees along with over a million affected throughout industries beyond just AA. Just stop it.
You're right here on the sentimentality. AA does have a debt problem, but they have no major maturities until 2023, so the debt isn't a huge liquidity concern in the short term. Most of AA's debt seems to be related to the pre-merger giant aircraft order, and there isn't much the new management team could do about that. They restructured the deliveries and placed the 787 top up. There is a decent chance of AA going into Chapter 11 to relieve that debt burden but that's mostly good for them if its delayed until majority of revenue recovers.
While I'm not a fan of the buybacks on general, they weren't a big issue for this. They needed to make equities attractive and that competes with other industries also doing buybacks. Their legal responsibility is to their shareholders. You don't plan for a situation where you revenue drops 95% in weeks, If you did you'd have no returns
717, 733, 734, 738, 739, 744, 752, 763, 772, 77W, 789, A319, A320, A321, A332, A333, A359, MD88, CRJ, CR7, CR9, DH1, DH2, DH3, S340, ER4, E170, E175, E190/CO, NW, US, AC, NH, AA, UA, DL, WN, WS, SK, VY, LA, QF, AR, AV, MH, KA, AS