What I do know about you is:
- You are unable and / or unwilling to participate in a debate
- You provide no references for your 'hard facts'
- In fact, your hard facts are opinions, yours or someone elses you just reiterated
- You resort to name calling when your facts and opinions are challenged.
- You are making a rookie mistake in using a single business parameter without context to base your opinion on.
- You show that you have no clue what coporate credit ratings are normal for airlines and what default probability a rating of baa3 / BBB- actually implies
- You refer to financial analyses without providing a reference. Here is one for you: https://webapp.sebgroup.com/mbs/research.nsf/alldocsbyunid/CD0FD8856587EB75C1257F56004F564C/$FILE/NAScredit110216aqw.pdf
If this is the kind of analysis you base your opinion on, then you show that you cannot grasp the contents of such a report in full and just pick and choose whatever suits your agenda.