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Tom Horton

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Is more simple that you might think. It's about squizing the last drop of the cash cow and then bailing out. Seen it before, will see it again. Sad.
 
He is paying to the creditors.

Look for a possible split or someone else offering to buy AMR in whole. The reality is that many parts would need to be sold, but the takeaway is there is better value that what Doug is currently offering. The creditors see it, and so does the AMR BOD. Interesting times.
 
If not Airways, which would give them size, then who?

ALK has said no thanks, IOW, the offer has to get a lot bigger. Frontier, why on earth? VA, again, why bother? JetBlue, again the offer has to be right, but B6 hasn't said no, certainly that is how the earnings call sounded.

No expert by far, besides even that doesn't seem to help in this business :)

I would say AMR-Airways, since that would give them size and then either at the same time, or shortly there after, they'll do at run ALK, although it's going to be a bidding war with DAL or they'll go for blue to get the slots in JFK to challenge DAL.

We live in interesting times :)
 

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