I don't think it looks terrible. I'm not saying that I like it, but I haven't seen a livery change that was liked when it was released except by fanboys.
My bigger concern about it is that with AA in bankruptcy how are they affording this? I know it often happens as part of an exit from bankruptcy (makes it look like a different airline) but not while still deep in the proces. Further, as was mentioned, how are they affording this while in bankruptcy. I'm sure the aircraft being painted are the ones that are (over)due for paint, but they still needed to pay for design costs, which aren't small.
My bigger concern about it is that with AA in bankruptcy how are they affording this? I know it often happens as part of an exit from bankruptcy (makes it look like a different airline) but not while still deep in the proces. Further, as was mentioned, how are they affording this while in bankruptcy. I'm sure the aircraft being painted are the ones that are (over)due for paint, but they still needed to pay for design costs, which aren't small.