(If I get any of this wrong, just remember I was an English major and I'm a flight attendant. I'm paid to be cute, not smart.)
I think it worthy of discussion to compare our financial performance with the other airlines. At some point it seems to me that the AMR Board of Directors is going to have to take Arpey and company to task for the company's dismal performance. How many other excuses can they come up with before it comes down to poor management?
For instance:
4th quarter performance:
WN - $119 million profit
CO - $85 million profit
DAL - $25 million loss
UAL - $176 million loss
AMR- $415 million loss
2009 annual performance:
WN - $99 million profit
CO - $299 million loss
DAL - $1.2 billion loss
UAL - $1.1 billion loss
AMR - $1.5 billion loss
My comments:
WN- Well, is anyone really surprised about the little airline that could? Even after losses in the first 3 quarters (granted, miniscule compared to the rest of us), the 4th quarter performance lifted them to an annual profit. Just about everyone at WN is paid better than their counterparts at AMR (with the exception of the executives), yet they can show a profit.
CO - Their flight attendants and mechanics make more than ours. They still serve meals in coach. Yet, they made a profit for the quarter and improved their performance over last year.
DAL - Now much bigger than us, but smaller loss. Performance quarter over quarter and year over year improved. If not for special charges related to fuel hedge losses, they would have shown a profit. The fuel hedge losses were something like $1.4 billion.
UAL - The airline we all thought would be gone by now improved quarter over quarter and year over year. They increased their cash on hand balance by over $1 billion.
AMR - Need I say more? The only bright spot was we also increased cash on hand and investments by over $1 billion, but not much more than UAL.
Again, I ask. When do Arpey and company have to step up and take responsibility for our performance?
I got my information from:
Delta financials
Continental and Southwest financials
United financials
AMR Financials
I think it worthy of discussion to compare our financial performance with the other airlines. At some point it seems to me that the AMR Board of Directors is going to have to take Arpey and company to task for the company's dismal performance. How many other excuses can they come up with before it comes down to poor management?
For instance:
4th quarter performance:
WN - $119 million profit
CO - $85 million profit
DAL - $25 million loss
UAL - $176 million loss
AMR- $415 million loss
2009 annual performance:
WN - $99 million profit
CO - $299 million loss
DAL - $1.2 billion loss
UAL - $1.1 billion loss
AMR - $1.5 billion loss
My comments:
WN- Well, is anyone really surprised about the little airline that could? Even after losses in the first 3 quarters (granted, miniscule compared to the rest of us), the 4th quarter performance lifted them to an annual profit. Just about everyone at WN is paid better than their counterparts at AMR (with the exception of the executives), yet they can show a profit.
CO - Their flight attendants and mechanics make more than ours. They still serve meals in coach. Yet, they made a profit for the quarter and improved their performance over last year.
DAL - Now much bigger than us, but smaller loss. Performance quarter over quarter and year over year improved. If not for special charges related to fuel hedge losses, they would have shown a profit. The fuel hedge losses were something like $1.4 billion.
UAL - The airline we all thought would be gone by now improved quarter over quarter and year over year. They increased their cash on hand balance by over $1 billion.
AMR - Need I say more? The only bright spot was we also increased cash on hand and investments by over $1 billion, but not much more than UAL.
Again, I ask. When do Arpey and company have to step up and take responsibility for our performance?
I got my information from:
Delta financials
Continental and Southwest financials
United financials
AMR Financials