In 1990, AA became the world's largest airline with more than USD $1b in cash reserves
I read somewhere that their present cash reserves amount to around $4.5 billion USD which is one of the reasons they have managed to avoid bankruptcy for so long .
The media keeps quoting that the reasons for its continuous losses is due to its high labor wages .
However if you look at the pilot payscales ( not sure about flight attendants and mechanics ) as quoted on APC they dont seem to differ much from that of other legacies ( for eg : Delta )
Question
How many think that AMR's reason for continuous losses is due to its High Labor wages ?
Or is it due to something else like say old airplanes ( they have too many Maddogs flying around )