Thread regarding American Airlines Group Inc. layoffs

AA has what, $30 billion in debt and only paid a $1 billion in just the interest last year so they are in trouble. Instead of investing in better people they bought back stocks which failed anyway as they are now $10 a share! If I was Congress I’d bail them out with condition taxpayers own a sizable chunk of the company and let a bunch of people go so the company can regain profitability and slim down. To take money and pay people not to work is crazy. This company is in debt, poorly managed, and can’t buy themselves out of it. It just needs to be restructured, reduced, or split apart before it goes belly up. Delta and United are in much better shape.

@gpi speaks wisely - 100% accurate - do your research

Prudent move by AA. However, I believe you're a bit early and a bit optimistic on AA (AAL). Beyond the fact that not even the so called "experts" and pundits on Wall Street or in economic "Think Tanks" can estimate or predict the fallout of this unprecedented damaged economy and market crash, AA's balance sheet is one of the worst in the sector with massive debt (before the pandemic). Forget that they're going to shed a few pilots and FAs here and there - - that's a minuscule "cost savings" compared to the tsunami of debt they're already accruing on top of their existing debt

Simply stating facts. Research it yourself