crazystnic
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US Airways has 2.5 Billion in bank and showing profit for 2011... so just because some short tem traders think that you believe?
AA BK Decision Tues. 20th Sept.?
- Thread starter Goey
- Start date
US Airways has 2.5 Billion in bank and showing profit for 2011... so just because some short tem traders think that you believe?
robbedagain
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US is doing "just fine as a stand a lone carrier and for the carrier of our size" according to DP in a recent letter to employees
Congratulations. I think you should stay as a stand a lone carrier.
robbedagain
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we should but the name should change to Circus Air bc thats exactly what it is! butif AA does file I would not be shocked if US' dp makes a bid even a hostile bid for AA I hope not but with dp in control of Circus Air anything is possible
Frank Szabo
Veteran
Check for his green card ...
Runwaysticker
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Here is my 2 cents worth, AA must settle with pilots first, they threw us a bone last year and we turned it down, if they dont settle with pilots soon they will file BK to wipe out all current contracts with all groups and that leaves them with the option to recive the new planes, outsorce overhaul becouse the new planes will not need C and D checks for at least 6 years, move what work they want to keep to DWH and spin off TUL OH and turn into MRO and pay them 70% what they make now, and work AA metal down the road. Any talk of a strike is just talk and the company knows it, they are in a win win situation.
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Is AMR headed toward bankruptcy?
"We believe AMR's recent massive aircraft order will produce more harm than good, with operational efficiencies coming too late to close the gap on the company's [profit and loss] deficiency relative to peers ... with or without new labor contracts," Keay wrote in a note to investors this month. The aircraft order included $13 billion in financing from the manufacturers for the first 100 Boeing aircraft and the first 130 Airbus aircraft.
"We believe AMR's recent massive aircraft order will produce more harm than good, with operational efficiencies coming too late to close the gap on the company's [profit and loss] deficiency relative to peers ... with or without new labor contracts," Keay wrote in a note to investors this month. The aircraft order included $13 billion in financing from the manufacturers for the first 100 Boeing aircraft and the first 130 Airbus aircraft.
After reading the article, even the analyst are at odd wether AMR is going to file or not.
What was Boremans biggest blunder at EAL? He sunk the carrier into debt by getting EAL the newest fleet in the Industry. He based the decision of fuel prices and figured that the fuel savings would offset the cost of the aircraft. Nice thought except that fuel prices plummeted while the interest rates soared. His costs soared compared to competitors who were flying their old, paid for, gas guzzlers and he expected the employees to bear the brunt of his error.
Anybody notice that fuel is once again geting cheaper? Anybody realize that in a few short years AA will likely have the youngest fleet in the industry?
The decline in fuel prices may be temporary, but so is life.
jimntx
Veteran
IMHO, this is the most telling paragraph in the whole article...
"But Maxim Group analyst Ray Neidl said that the cash levels are still strong and that AMR may be able to stem "the cash bleed" by cutting capacity and trimming other nonlabor and nonfuel costs.
"AMR is in no immediate danger of forced bankruptcy or under great pressure from its board of directors so management seems to be in no great rush to solve the challenging problems facing the company," Neidl wrote in a research note to investors. But Neidl was very critical of management for not being innovative in addressing the financial issues and for hiding from investors."
Nice to know that the investors are getting the same access as employees.
"But Maxim Group analyst Ray Neidl said that the cash levels are still strong and that AMR may be able to stem "the cash bleed" by cutting capacity and trimming other nonlabor and nonfuel costs.
"AMR is in no immediate danger of forced bankruptcy or under great pressure from its board of directors so management seems to be in no great rush to solve the challenging problems facing the company," Neidl wrote in a research note to investors. But Neidl was very critical of management for not being innovative in addressing the financial issues and for hiding from investors."
Nice to know that the investors are getting the same access as employees.
Frank Szabo
Veteran
"... but this is how they said it should work in MBA school ...
Which way do we go, George - which way do we go ... "
Did you get kicked out of college or something? Why do you disparage anyone who has chosen to go to college and or graduate school?
