- Dec 13, 2009
- 2,894
- 5,045
- Thread Starter
- #16
American Airlines Will Never Lose Money Again, Says CEO Doug Parker
By
Katie Kuehner-Hebert
-
February 20, 2018
By
Katie Kuehner-Hebert
-
February 20, 2018
It is a bit alarming AA has a CEO who publicly stated his airline would never lose money ever again. And additionally spent free cash on stock at prices significantly above today's value. Cash needed to weather a storm.
Now, there are serious challenges from something out of the blue. As was 9-11 out of the blue. It is always the " out of the blue" event that takes Airlines down.
You could absolutely be correct about GSW. If things go sideways, it might have to be sold and leased back, among other things, to keep the lights on.
I think it’s fair to ask the question. Has Doug ever really shaken his problem with the sauce?
View attachment 15101
He has watched his personal wealth evaporate lockstep with the value of AA.
Perhaps he can get a kale milkshake and play a little foosball with the AA interns hanging out at the GSW food court. He can regale them with stories of his exploits at America West.
Possibly a little nap in one of the cool chairs they have conveniently place about, and try to escape it all....
“ and the hopelessly dim types who used to follow Chip Munn.”
Time for a drink.
Not to worry the AA pilot group is by far not the sharpest....they will gladly take cuts and do whatever it’s takes to say afloat, they are a very weak group
There are 3 types of employees at AA. Those who have Doug figured out, those who will have Doug figured out and the hopelessly dim types who used to follow Chip Munn.
Parker is banking on a return of Munn to the various web boards. Doug’s goal is to con 25% of the employees with his corporate rah-rah spin. Then the master will feed the Munster and his other quislings from the old gloom and doom playbook to scare another 26% into submission.
Voila. 51% in his back pocket. Victory is his. Time for a drink.
American Airlines Will Never Lose Money Again, Says CEO Doug Parker
By
Katie Kuehner-Hebert
-
February 20, 2018