ils2minimums
Registered Useless
- Joined
- Apr 25, 2006
- Posts
- 224
2000 plus Natives would be on street if Twa had not been aquired.
That statement is absolute conjecture and assumes that AA would've had to react exactly the same way it did if AMR hadn't purchased twa. The billions in twa debt (not to mention the millions in DIP financing) and the useless STL hub caused a very substantial drain on the AA bottom line, thus forcing drastic measures. My conjectural statement is this: Had Carty not lept into this ill-advised venture, AA would've been in better financial shape and thus able to weather the post-9/11 downturn with much a much smaller percentage of shrinkage. The purchase of twa was the most monumentally unfortunate event in the 75 history of American Airlines...
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