robbedagain
Veteran
- Oct 13, 2003
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accrding to multiple news outlets thru www.justplanenews.com amr posted a 2nd qrtr profit of 220 million
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http://finance.yahoo...-120000042.html
According to this news release it is AMR's second best quarter result in company history. If this is what we expect and more in the future and out of BK, I wonder why Jim Little decided to give away our Profit sharing? Unions are suppose to look out for the best interest of its members.
Not gonna argue the customer service issue but lets face it Parker had nothing to do with US Air's 2 trips to chapter 11. He was at AWA at the time. David Siegel was the man at US at the time of one if not both bankruptcies. Parker merged the two after the second bankruptcy.Maybe Tom Horton was not so bad and maybe Doug Parker might not be the best man at the helm. Airways had two trips through #11 and drove wages down to low levels. AA only made one trip through #11 and in less than two years appears to have turned things around. One good quarter does not make an airline consistently profitable but its a good start.
I hope the new management team will not try to make AA a larger version of US, but will bring US customer service up to AA's level.
Many variables such as fuel prices, state of the economy, and the threat of terrorism will play a large part in the future of all airlines and I hope AA will stay intact as far as customer service.
Maybe Tom Horton was not so bad
Not gonna argue the customer service issue but lets face it Parker had nothing to do with US Air's 2 trips to chapter 11. He was at AWA at the time. David Siegel was the man at US at the time of one if not both bankruptcies. Parker merged the two after the second bankruptcy.
parker took over in 05 after lakefield left and dp orchastrated the 08 low wage contracts that gave the company higher profits i do think that seigel is still w frontier air...
as for horton i think it is safe to say that aa only made the money they did on the backs of labor and minus all of the ones they got rid of.. if it were not for that i think they would have had a high loss.
sorry but that is not true.True, just like US Airways, United and Delta. Now that all of them have been thru Ch 11 at least once, all profits they report (and will ever report) will be "on the backs of labor." None of them have ever reported a post-bankruptcy profit larger than their annual labor cost savings obtained in bankruptcy.
For the second quarter, AA's labor costs declined by $328 million, almost the same amount as the net profit (excl special items and reorg expenses).