NYer
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- Jun 4, 2010
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They have plenty of cash, over $7B in liquidity.
They can cancel buybacks and other capital expenses.
Parker; How Much Longer Will He Last?
- Thread starter swamt
- Start date
They have plenty of cash, over $7B in liquidity.
They can cancel buybacks and other capital expenses.
- Thread Starter
- #123
Just read this morning on a Q&A with investors and analyst that he has stopped the buyback programs. Also read that some capital expenditures have also been canceled, moved, or resourced to better fit for the current issues. Not saying this fixes everything, just saying he has already started making the moves you are suggesting. I'm pretty sure all the airlines are getting PRO-active quickly and shutting off the nonessentials of bleeding cash.
1AA
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- Thread Starter
- #126
I thought it was a little too early for BK talk.a
The article above that 1AA posted hit me harder than I thought it would. What is scary is AA has a lot less $$$ on hand than they did in the 2011 BK filing AND their debt is a lot higher as well. 29 billion to now over 34 billion plus. That's 5 billion more with about somewhere around 2 billion less in $$$ on hand.
Parker needs to take a pay freeze as other carriers CEO's have done so. But NO, not Parker he will ride this thing out with full pay to the last day. After all AA will NEVER lose money ever again, right? Time to go Parker, pack it up you will soon be replaced if the BOD ever wakes up fully. This is not a small airline anymore. Time to clean house at AA in the upper, upper ranks.
Trump has already stated he is enacting emergency funds for the airlines as they were specifically named in his oval office speech.
The article above that 1AA posted hit me harder than I thought it would. What is scary is AA has a lot less $$$ on hand than they did in the 2011 BK filing AND their debt is a lot higher as well. 29 billion to now over 34 billion plus. That's 5 billion more with about somewhere around 2 billion less in $$$ on hand.
Parker needs to take a pay freeze as other carriers CEO's have done so. But NO, not Parker he will ride this thing out with full pay to the last day. After all AA will NEVER lose money ever again, right? Time to go Parker, pack it up you will soon be replaced if the BOD ever wakes up fully. This is not a small airline anymore. Time to clean house at AA in the upper, upper ranks.
What is a pay freeze for a CEO going to do to a 48 billion dollar company.As far as well never lose money again this is unprecedented and you know it
1AA
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I know, I read that. Most or all of these stories are from bloggers or opinions from people in the financial field. Too bad they can't predict when the market will bottom out and begin to recover.
1AA
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eolesen
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- Jul 23, 2003
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When Parker gave the guidance that their $7B in liquidity would be enough, nobody expected to see a ban on traffic to/from the EU.
There will be bankruptcies. Maybe not AAL, but at least one of their oneworld partners is on my short list of candidates.....
There will be bankruptcies. Maybe not AAL, but at least one of their oneworld partners is on my short list of candidates.....
I am pretty sure Parker gets no salary, he has only received stock as compensation since 9/11 unless that changed in the last few years.
- Thread Starter
- #135
Where ya been? Everyone knows why CEO's take the first step on cutting their salary's. This way no one can or should question when they come after the employees for some minor or even major concessions. When you start seeing CEO's taking freezes in pay, pay cuts and even forgoing salaries get ready for the trickle effect.
Even JB just got on the train for salary cuts, still Parker does nothing. Because AA will NEVER lose money again, ever...
https://finance.yahoo.com/news/jetblue-ceo-latest-airline-exec-202914506.html
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