$291 million in net earnings for 2Q2006

[FWAAA]

I was off by $91 million; I predicted $200 million:

http://biz.yahoo.com/prnews/060719/daw011.html?.v=69

$5.2 billion in unrestricted cash.

I think the executives earned their variable payouts. The perpetually disgruntled (suffering from pay envy, IMO) will of course disagree.

 

[JAMAKE1]

Mainline Unit Revenue Grows 11.7 Percent Year Over Year


AMR Corporation, the parent company of American Airlines, Inc., today reported a net profit of $291 million for the second quarter of 2006, or $1.14 per share fully diluted, compared to a profit of $58 million or $0.30 per share fully diluted, in the second quarter of 2005.


American's systemwide load factor -- or the percentage of total seats filled -- hit a record of 82.6 percent during the second quarter. Yield, which represents average fares, increased 7.6 percent compared to the second quarter of 2005, and passenger revenue per available seat mile for the second quarter was up 11.7 percent compared to 2005.

AMR reported second quarter consolidated revenues of approximately $6 billion, an increase of 12.5 percent year over year.


Other revenues in the second quarter, including such sources as confirmed flight change, purchased upgrades, Buy-on-Board food services and third-party maintenance work, increased 20.9 percent year over year to $347 million.


AMR was able to contribute $149 million to its various defined benefit pension plans since the end of the first quarter, bringing its total 2006 contributions to the plans to $184 million through July 14.


AMR also was able to grow its cash balance, ending the period with $5.7 billion in cash and short-term investments.

Well Done, American. 😉 (Hey Tilton and Boys...are you watching?)

 

[TWU informer]

I was off by $91 million; I predicted $200 million:

http://biz.yahoo.com/prnews/060719/daw011.html?.v=69

$5.2 billion in unrestricted cash.

I think the executives earned their variable payouts. The perpetually disgruntled (suffering from pay envy, IMO) will of course disagree.

So do you think the concessions were a loan to prevent Bankruptcy? Or do you think it is a permanent fixture that allows bonuses and capital investments?

I think executives did a good job! But without every employee that makes it happen, they would fall flat on their face in their plush offices.

 

[Hopeful]

Yea, Let's applaud the execs for taking away 40 years
bargaining successes while they exempted themselves...
Wow,
an executive makes a decision to taxi on one engine and turn APU's off until departure time


HOW FREAKING INGENIOUS!!!!!!!!!!!!!!!!!!!!!

WOW,
another exec says "HEY, LET'S REDUCE SOME SEATS AND FILL MORE AIRPLANES!"


HOW INCREDIBLY PROFOUND!!!!!!!!!!!!!!!!!!!!


WOW.
another exec says "LET'S GET BILLIONS IN CONCESSIONS FROM ALL WORKERS!" while exempting themselves in the form of CARTY'S SERPS FOR THE TOP EXECS IN THE COMPANY!



WHAT A NOVEL IDEA!



TWU INFORMER IS CORRECT!

Without the workers, these decisions are meaningless.


But hey,,,I recently got a $.40 an hour increase!

 

[nyc6035]

It appears to me taking a quick look at the financial summary, that if you strip out Cargo Revenue and other revenues, the mainline carrier lost money on an operating basis. Mainline CASM reported at 10.88 cents; Mainline RASM reported at 10.58 cents.

Sounds to me like each seat lost .3 cents for every mile flown.

 

[flyhigh]

Hopeful...are they really bargaining successes if in the long run they are what may have been hurting the company and therefore it's ability to grow and not have to lay people off.

You list a lot of things you think mgmt shouldn't get credit for. List a few things you consider "sucessess" that have hurt the company. Be at least a little balanced...or try to provide the appearance of being such.

 

[Hopeful]

Hopeful...are they really bargaining successes if in the long run they are what may have been hurting the company and therefore it's ability to grow and not have to lay people off.

You list a lot of things you think mgmt shouldn't get credit for. List a few things you consider "sucessess" that have hurt the company. Be at least a little balanced...or try to provide the appearance of being such.

Balanced?

Do you truly believe that if AMR sustains profitable throughout the coming years, that they are going to restore the BILLIONS in concessions?
Every single thing we gave up will in the future become a bargaining chip!

I can picture negotiations now:

"YOU GUYS WANT YOUR PAYCUTS RESTORED? GIVE US THE PENSION"

"YOU GUYS WANT YOUR VACATION AND SICK TIME BACK? GIVE US THE PENSION!"

"YOU GUYS WANT YOUR HOLIDAYS AND HOLIDAY PAY RESTORED? GIVE US THE PENSION!"

You want me to give credit for the successes of AA mangament?

Ok, here's a few!

I GIVE AMR CREDIT FOR BUYING THE TWU LEADERSHIP TO HELP FORCE FEED US ALL THE CONCESSIONS AND FOR ROLLING THE BARGAINING TABLE BACK 40 YEARS!


I GIVE AMR CREDIT FOR JUST MENTIONING THE WORD BANKRUPTCY AND SUCCESSFULLY MAKING THE UNIONS SWALLOW THE ALTERNATIVE!


I GIVE AMR CREDIT FOR SUCCESSFULLY KEEPING THE "SERP" PROGRAM FOR THE TOP 40 OR SO EXECUTIVES WHILE THREATENING US WITH BANKRUPTCY AND GIVING CARTY HIS TRIBUTE UPON HIS RESIGNATION.


You are correct, AMR has many successed under the belt!

 

[MCI transplant]

So do you think the concessions were a loan to prevent Bankruptcy? Or do you think it is a permanent fixture that allows bonuses and capital investments?

I think executives did a good job! But without every employee that makes it happen, they would fall flat on their face in their plush offices.

<_< ----- And just think! Our Union neglected to provide us with a "snap-back" clause in our Concessionary Contract!!!!

 

[TWU informer]

<_< ----- And just think! Our Union neglected to provide us with a "snap-back" clause in our Concessionary Contract!!!!

Yeah, and Jim Little expressed great ambitions as he obtained the "early opener", as he signed off on "without further ratification" concessions. This was one of the gains made due to the SEC filing showing the SERP hidden golden parachutes. Remember? "The Stock Options and Early Openers will insure our members are compensated for the sacrifices being made"....

...Let's see now, when was that early opener option available and how much will be returned to us upon invocation of that early opener?

Face it! The TWU sucks, The TWU has been bought and paid for, thus trying to get rid of them requires someone willing to battle the TWU, the NMB, AMR Corp, and the AFL-CIO, this battle must take place with donations from disgruntled employees who can barely feed their families, going up against the Corporate/Union Alliance that has millions to battle the disgruntled workers.

The laws and rules governing union representation are designed to maintain status-quo, the law does not care if your union is corrupt, in bed with the company, or just plain is inept, status-quo must be miantained and making change is not likely to happen. To top this, the law requires you to pay compulsary union dues to the sell out inept organization.

I acutally find it incredible that these same laws have been legislated in the United States of America, the so-called land of Democracy and Freedom. What a Farce!

 

[AMFAMAN]

I was off by $91 million; I predicted $200 million:

http://biz.yahoo.com/prnews/060719/daw011.html?.v=69

$5.2 billion in unrestricted cash.

I think the executives earned their variable payouts. The perpetually disgruntled (suffering from pay envy, IMO) will of course disagree.

From Last week:

Too low, remember we got rid of deadwood like Oneflyer, should be around $293 million. Next quarter without FM, should jump to $370 million.

So I was off by $2 million. 😛 😛

 

[FWAAA]

It appears to me taking a quick look at the financial summary, that if you strip out Cargo Revenue and other revenues, the mainline carrier lost money on an operating basis. Mainline CASM reported at 10.88 cents; Mainline RASM reported at 10.58 cents.

Sounds to me like each seat lost .3 cents for every mile flown.

It's been that way for many, many years in most quarters. Without Cargo revenue, even the profitable years would have shown losses instead of profits.

 

[operaations]

Wow it only took 3 posts for HOPEFUL ( i really dont get the name) to be negative. I just read both your posts, and I truly believe you are a good worker. And I hope your friends and family keep the sharp objects away from you. With your constant negative attitude it is amazing you have not exploded and hurt yourself and or others. Do the people in your station know how mad and angry you are on a daily basis. I for one would have a Bullet Proof jacket on if I worked at your station. Who knows the company might want to do something nice for you and you might go on a shooting rampage.

Enough Sarcasm. Lets hear it for all AA employees Union..Non Union and Management alike. We all suffered a great deal to bring this company back to a profit. Lets just hope we continue to see more profits in the years to come and maybe just maybe see yearly raises and profit sharing checks. I for one could use it.

Balanced?

Do you truly believe that if AMR sustains profitable throughout the coming years, that they are going to restore the BILLIONS in concessions?
Every single thing we gave up will in the future become a bargaining chip!

I can picture negotiations now:

"YOU GUYS WANT YOUR PAYCUTS RESTORED? GIVE US THE PENSION"

"YOU GUYS WANT YOUR VACATION AND SICK TIME BACK? GIVE US THE PENSION!"

"YOU GUYS WANT YOUR HOLIDAYS AND HOLIDAY PAY RESTORED? GIVE US THE PENSION!"

You want me to give credit for the successes of AA mangament?

Ok, here's a few!

I GIVE AMR CREDIT FOR BUYING THE TWU LEADERSHIP TO HELP FORCE FEED US ALL THE CONCESSIONS AND FOR ROLLING THE BARGAINING TABLE BACK 40 YEARS!
I GIVE AMR CREDIT FOR JUST MENTIONING THE WORD BANKRUPTCY AND SUCCESSFULLY MAKING THE UNIONS SWALLOW THE ALTERNATIVE!
I GIVE AMR CREDIT FOR SUCCESSFULLY KEEPING THE "SERP" PROGRAM FOR THE TOP 40 OR SO EXECUTIVES WHILE THREATENING US WITH BANKRUPTCY AND GIVING CARTY HIS TRIBUTE UPON HIS RESIGNATION.
You are correct, AMR has many successed under the belt!

 

[TWU informer]

Wow it only took 3 posts for HOPEFUL ( i really dont get the name) to be negative. I just read both your posts, and I truly believe you are a good worker. And I hope your friends and family keep the sharp objects away from you. With your constant negative attitude it is amazing you have not exploded and hurt yourself and or others. Do the people in your station know how mad and angry you are on a daily basis. I for one would have a Bullet Proof jacket on if I worked at your station. Who knows the company might want to do something nice for you and you might go on a shooting rampage.

Enough Sarcasm. Lets hear it for all AA employees Union..Non Union and Management alike. We all suffered a great deal to bring this company back to a profit. Lets just hope we continue to see more profits in the years to come and maybe just maybe see yearly raises and profit sharing checks. I for one could use it.

Profit Sharing Checks? Those are not divided up equally either. Even my own co-workers, who do just as much or actually more than me, get less in profit sharing.

I want my pay, benefits, and paid time off back. Screw the Profit Sharing Check. I will trade the Profit Sharing Formula for a return of my pay, benefits, and paid time off back right now.

 

[operaations]

I would love that also. Pay restored to where it was and back raises to where we would be after 7 years no raises. (the 1.5 arrot raise does not count)

Profit Sharing Checks? Those are not divided up equally either. Even my own co-workers, who do just as much or actually more than me, get less in profit sharing.

I want my pay, benefits, and paid time off back. Screw the Profit Sharing Check. I will trade the Profit Sharing Formula for a return of my pay, benefits, and paid time off back right now.

 

[AMFAMAN]

Of course if the price of fuel remained the same as May, 2003, AA would have had a bigger quarterly profit then the combined givebacks of its workforce for a year. Sounds like a fuel surcharge problem with a fuel bill of more than $4 billion a year more then in 2003.