Airline Discussion Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Airline Discussion Board

JETS 23.99

-3.5%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moonray who wrote (1167)

6/22/2020 7:12:48 AM

From: Sam

of 1868

They are in big trouble.

BRIEF-American Airlines Expects To Obtain Binding Commitment For Secured Loan Under Cares Act In June
REUTERS 7:10 AM ET 6/22/2020

Symbol Last Price Change

AAL	16	0 (0%)
QUOTES AS OF 04:00:00 PM ET 06/19/2020

June 22 (Reuters) - American Airlines Inc:

* AMERICAN AIRLINES SAYS IT EXPECTS TO OBTAIN BINDING COMMITMENT FOR SECURED LOAN UNDER CARES ACT IN JUNE 2020 - SEC FILING

* AMERICAN AIRLINES(AAL) - ESTIMATE PLANNED EXPENDITURES FOR AIRCRAFT PURCHASE COMMITMENTS, CERTAIN ENGINES FOR 2020-2024 WOULD BE ABOUT $8.4 BILLION

* AMERICAN AIRLINES(AAL) - MAY ALSO REQUIRE FINANCING TO REFINANCE MATURING OBLIGATIONS AND TO PROVIDE LIQUIDITY TO FUND OTHER CORPORATE REQUIREMENTS

* AMERICAN AIRLINES(AAL) -WILL NEED SUBSTANTIAL FINANCING OR OTHER CAPITAL RESOURCES TO FINANCE SUCH AIRCRAFT AND ENGINES & MEET SUCH OTHER LIQUIDITY NEEDS

* AMERICAN AIRLINES(AAL), UNDER RISK FACTORS, SAYS ANTICIPATE THAT IT WILL BE NECESSARY TO OBTAIN A SIGNIFICANT AMOUNT OF ADDITIONAL FINANCING IN NEAR-TERM

* AMERICAN AIRLINES(AAL), UNDER RISK FACTORS, SAYS IT MAY IN FUTURE, PURSUE AMENDMENTS TO CO'S LIBOR-BASED DEBT TRANSACTIONS

* AMERICAN AIRLINES(AAL) - AS OF MARCH 31, 2020, CO HAD $10.7 BILLION OF BORROWINGS BASED ON LIBOR

* AMERICAN AIRLINES(AAL) -HAVE SIGNIFICANT PENSION,OTHER POSTRETIREMENT BENEFIT FUNDING OBLIGATIONS, WHICH MAY ADVERSELY AFFECT LIQUIDITY, OPERATIONS & FINANCIAL CONDITION

* AMERICAN AIRLINES SAYS IT EXPECTS TO OBTAIN BINDING COMMITMENT FOR SECURED LOAN UNDER CARES ACT IN JUNE 2020 - SEC FILING Source: (https://bit.ly/2YoiT58) Further company coverage:

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next