Decision 2004
Veteran
- Mar 12, 2004
- 1,618
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American, a unit of Fort Worth, Texas-based AMR Corp., said that every 1-cent rise in the price of a gallon of jet fuel costs it more than $30 million a year. The airline and its regional affiliates spent more than $900 million on fuel in the second quarter, nearly 42 percent more than the same quarter last year.
Source = http://biz.yahoo.com/ap/040730/amr_fares_1.html
Now let us fuzzy math this problem with logic.
42% of $900 Million = $378 Million
Mechanic and Related Concessions = $318 Million
AMR Spent $60 Million more than our concessions on fuel in the last quarter, yet they did NOT file for Bankruptcy.
Using this fuzzy math, one has to wonder why if fuel prices have gutted our concessions from AMR why are they not on the Bankruptcy steps? Could it be that we were lied to and Jim Little was hoodwinked again?