loss

[Atlantic]

US will post somewhere 650 mil. loss for 09.

 

[USFlyer]

Is cash flow positive or negative?

 

[PITOCC71]

While losses of any kind are bad, let's not forget that all US legacies will probably post losses as '09 was simply a bad year for everybody. Continuing unemployment and the ongoing recession makes for fewer biz travelers with those remaining paying substantially reduced fares. I will be happy if the losses don't exceed 650 million USD considering those factors. Let's just hope '10 is much better and that oil prices don't go through the roof like they did two years ago.

 

[FWAAA]

All legacy airlines post huge losses during recessions, so there's no real news here. The official unemployment rate in the US is 10% (actual rate is probably much higher) and the CA rate is about 12.4%. Thousands of investment bankers and other high-paid suits lost their jobs in the US and in Europe over the past two years, and those were the people actually paying for business class tickets across the Atlantic.

 

[hp_fa]

Just wait for the announcement regarding how much the bonuses are for the management folks...

 

[jimntx]

In the current environment, with even the President being vocal about executive bonusses, discretion might be the better part of valor. (Yes, I know the President was talking about financial industry bonusses, but I don't think the American public is going to look kindly on any large bonusses at money-losing operations.)

The execs best remember the sad tale of the CEO at American Express who lost his job awhile back because he demanded a $10 million bonus from Board of Directors. His justification? That he deserved a $10 million bonus because the annual loss was only $100 million (May have been more...I don't remember exactly.)

 

[luvn737s]

Back in the old days, investors would simply sell offt their stock if they didn't like the way management was running their company. Now they call in the Pres to do their dirty work.

The old way would result in better leaders replacing failing ones. Now failing one are replaced by failing ones willing to work for less.

No one likes to admit it, but greed can be good.

 

[Dog Wonder]

That's a headscratcher.

 

[freedom]

no shocker here , yes we're losing money , yes the economy is bad ...

i find it odd that the price of oil is still around 70 - 80 dollars a barrel , i'm thinking our unemployment rate goes up a few more points that should knock demand down and perhaps be enough to break OPEC unity driving down oil prices ....


i think we should make it to the end of the year , but we won't know for sure until our quarterly comes out ..

 

[Dog Wonder]

Please ignore last year's predictions, and the ones from previous years.

 

[freedom]

Please ignore last year's predictions, and the ones from previous years.

choo choo ! what can i say , it's a slow moving train .

 

[BuffaloJoe]

Please ignore last year's predictions, and the ones from previous years.

Prediction?
OK

Colts and Saints

 

[Edward]

😱ff: Lets get back so we can keep this thread open.

 

[wench1]

SO much for our bonus this year:🙁