Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
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My point is, AA showed a profit....Oil is down.. and they refuse to bargain in good faith because they want more concessions,,
Is that a good enough answer for you?
I read the news as a net loss of $360 million, or $4 million a day. Oh, yeah, and AMR burned some furniture (sale of Beacon) which caused a one-time gain of over $400 million. You see good times ahead (due to furniture burning and a very recent decline in oil prices to Katrina-like levels) and I see AMR posting results that are much worse than DL, NW or CO. Only UA and US performed more poorly.
DL and NW would have posted a profit except for paper (noncash) writedowns of their oil hedges.