AAL Downgrades and 1Q20 Earnings

Discussion in 'American Airlines' started by eolesen, Apr 28, 2020.

  1. wings396

    wings396 Veteran

    Joined:
    Aug 20, 2002
    Messages:
    3,662
    Likes Received:
    1,120
    I couldn't agree more, and the quotes of his statement are getting old. Was it a foolish thing to say, absolutely, but nobody in the world could have seen this situation coming. Parker made that statement based on the projected trends that the entire industry was looking at. Given the past problems that the industry had gone through, the future did look pretty bright for all of us.
     
    • Agree Agree x 1
  2. dfw gen

    dfw gen Veteran

    Joined:
    Dec 1, 2011
    Messages:
    3,662
    Likes Received:
    2,584
    did anybody see 9/11 coming? most of senior management is former Northwest they exploited sars. foolish? absolutely. you never know what life brings to say something like that in the context of trying to get the stock price to rise... because well its got nothing to do with stock compensation... it had nothing to do with the profits other then personal profit. its very similar to having 3 dui's and betting a bottle of wine on the stock price. the lack of judgement and accountabilty kind of shows where we are as a company and a society. yes everyone deserves a second chance, but a third a forth?
     
  3. V.O. Reason

    V.O. Reason Veteran

    Joined:
    May 3, 2019
    Messages:
    629
    Likes Received:
    82
    Shutting down would be the worst thing to do.
    That would just feed the fear of those not wanting to travel.
    If they did that all the airlines might as well just liquidate
    What needs to happen is the damn media needs to stop feeding the fear of the virus which has been found not to be near as serious as what was first thought.
    Sure it seems a bit more contagious but now there are anti virals and maybe more coming
     
    • Agree Agree x 2
    • Disagree Disagree x 2
  4. V.O. Reason

    V.O. Reason Veteran

    Joined:
    May 3, 2019
    Messages:
    629
    Likes Received:
    82
    I can see more government help in the fall but it probably won’t have the same payroll or furlough protection.
    The executives will tell them we have to furlough but we still need liquidity to stay in business.
    Just my guess
     
    • Agree Agree x 2
  5. eolesen

    eolesen Veteran

    Joined:
    Jul 23, 2003
    Messages:
    15,068
    Likes Received:
    9,208
    I see no way the House agrees to anything for the airlines without worker protection, so that may kill any attempts at a third round of “help” in the fall.
     
  6. 1AA

    1AA Veteran

    Joined:
    Aug 20, 2002
    Messages:
    5,821
    Likes Received:
    4,159
  7. V.O. Reason

    V.O. Reason Veteran

    Joined:
    May 3, 2019
    Messages:
    629
    Likes Received:
    82
    Not exactly sure this is all bad, since in the near term if the center seats remain empty then that’s a few more seats per aircraft that can be sold, and as stated this is about making the fleet all the same which does create fewer issues for scheduling
     
  8. ALUS78

    ALUS78 Veteran

    Joined:
    Mar 26, 2018
    Messages:
    3,432
    Likes Received:
    223
    Again I'm looking at bookings everyday ( in between destroying my liver) And in a 24 hour period the bookings went up by 5000 passengers for that specific day and I'm sure there were people still cancelling and getting refunds.Though a fraction of what it used to be, bookings are definitely inching up.
     
  9. jimntx

    jimntx Veteran

    Joined:
    Jun 28, 2003
    Messages:
    11,120
    Likes Received:
    3,285
    I wonder if the increase in bookings is a result of the expiration of the governor's shelter in place restrictions. If it is I'm afraid that if the Covid-19 infections start increasing again, I think so will cancellations. There seemed to be a consensus of opinion here in Dallas that the shelter in place orders are being lifted too soon. Even though restaurants are now free to have sit down customers, very few are doing it. Most are doing takeouts only.
     
  10. we're screwed

    we're screwed Member

    Joined:
    Mar 22, 2012
    Messages:
    96
    Likes Received:
    19
    In my opinion this means more to traffic than just about anything. We can't expect a true number of bookings until all restrictions are lifted. That may never happen. Who knows? There's no reason to go, if there's nothing to do when you get there. Weddings. funerals, graduations, all the things people would travel for on top of vacation spots are stopped. I like seeing any uptick in numbers, but there are only so many people going to see relatives or what not. Until something changes for the better here...in this industry...we're screwed!
     
    • Agree Agree x 1
  11. V.O. Reason

    V.O. Reason Veteran

    Joined:
    May 3, 2019
    Messages:
    629
    Likes Received:
    82
    It’s likely we won’t see passenger numbers return to near normal till next summer.
    It’s truly sad what this virus has done to so many things
     
  12. La Li Lu Le Lo

    La Li Lu Le Lo Veteran

    Joined:
    May 29, 2010
    Messages:
    6,433
    Likes Received:
    2,587
    Have you been to a casino?

    In all seriousness that is the story of MOST small businesses.
     
  13. Kev3188

    Kev3188 Veteran

    Joined:
    Oct 5, 2003
    Messages:
    18,132
    Likes Received:
    9,381
    Maybe the materials and/or work had already been paid for?
     
  14. eolesen

    eolesen Veteran

    Joined:
    Jul 23, 2003
    Messages:
    15,068
    Likes Received:
    9,208
    Yep, if materials and dock time were paid for, might as well put the airframe thru the mod... might make the airplane more marketable for resale...
     
  15. CremaDiLimone

    CremaDiLimone Veteran

    Joined:
    Jun 8, 2016
    Messages:
    1,740
    Likes Received:
    151
    no clue how this pertains to what was debated, except you're talking about yourself?

    no bk for aa by oct. 2020. the govt. made sure of that.

    you're still insisting that aa may file BK in august of 2020 because of it's debt?
     
    • Agree Agree x 1

Share This Page