Re:U.S. airlines want a $50B bailout. They spent $45B buying...
by nick_kline on Tuesday April 07, 2020 @01:30PM
(#22805406)
It's very predictable that we'll have major market downturns for various reasons every 10 or 20 years because of history. If you are 25 years old you've lived through 3. I'm older and I've lived through 5 or 6, depending on how you count.
The people American Airlines employ to predict future risks to the business.
Their SEC filing:
> Our business, results of operations and financial condition have been and will continue to be affected by many changing economic and other conditions beyond our control, including, among others:
> • outbreaks of diseases that affect travel behavior
> In particular, an outbreak of a contagious disease such as the Ebola virus, Middle East Respiratory Syndrome, Severe Acute Respiratory Syndrome, H1N1 influenza virus, avian flu, Zika virus or any other similar illness, if it were to become associated with air travel or persist for an extended period, could materially affect the airline industry and us by reducing revenues and adversely impacting our operations and passengers’ travel behavior.
https://americanairlines.gcs-web.com/node/37211/html#s1E0EED...