Quarter 2 Profit - $306 Million
- Thread starter IberiaMAL
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firedougparker
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And Parker wants to squander billions in merger costs so he can grab ahold of American? I don't think so! We are obviously doing just fine on our own!
Now, drop this merger idiocy and give us the new contracts we deserve!
Now, drop this merger idiocy and give us the new contracts we deserve!
SparrowHawk
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Assuming that's correct then US delivered some pretty positive results. Nothing like a strong P & L when you're trying to acquire another airline
Art at ISP
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They can make the numbers say whatever they want them to...if the actual profits are that great, then it's time to get FAIR contracts with labor and dump some of the ancillary fees which are driving customers nuts.
Still, good job by all in the field! I credit you, not Tempe for the excellent results.
Still, good job by all in the field! I credit you, not Tempe for the excellent results.
Harry Callahan
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That's pretty much what I was going to say Art. US needs to pay all employee groups what we deserve.
SparrowHawk
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A TOP performer financially should translate into an upper echelon pay structure for those who help make the profit. That would be "you guys".
CallawayGolf
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Contract employees are paid what they agreed to in their current CBAs plus profit sharing if it's not excluded, plus performance bonuses as targets are achieved.
Non-contract employees are paid whatever they agreed to when they were hired plus any raises they were granted (hopefully based on good performance), plus profit sharing, plus performance bonuses when targets are achieved.
So it's all good. Of course the Company has offer the pilots and the FAs more money than they get today but the east pilots don't want it. The FAs are still hoping for more so they too have turned down an current offer in hopes for a more lucrative one down the road.
Perhaps 2012 will be the best year in the company's history. If so, that's good news for all in these challenging economic times.
lynyrdskynyrd
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They already are. The truth hurts. At least as far as pilots go.
Like charging a fee for redeeming frequent flyer award tickets on the usair web site.No agent being used,the customer doing all the work.
LCC opened significantly higher than yesterday's close and with the positive earnings news, stayed up until just after lunch, when the price of LCC fell off a cliff, ending the day down 4% from yesterday's close (and down about 8% from where it opened today).
What bad news did investors suddenly see at 1:00 pm that wasn't evident before lunch?
What bad news did investors suddenly see at 1:00 pm that wasn't evident before lunch?
Beancounter
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Suge Knight
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Neidl's comment.
Toothy Grin
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Here's his comments - portion from the following link:
Ray Neidl, a Maxim Group airline analyst who met with Horton at the breakfast, said he was swayed by Horton's determination to keep American independent. "I reduce (the) odds of a merger happening from 90 (percent) to less than 50," he said.
Another analyst, Helane Becker from Dahlman Rose, noted that "it's more important for US Airways to do the deal than it is for American."
US Airways stock hit a 52-week high on July 13 as merger speculation peaked. It has since fallen more than 20 percent as investors have questioned the certainty of a deal. The stock closed Wednesday at $11.15, down 3.75 percent.
There's an unspoken incentive for Horton to bash US Airways and quash merger speculation — drive down his rival's stock price and make a merger less expensive.
One reason a combination may be less likely is that American has been getting stronger as part of its bankruptcy restructuring. Revenue is growing and costs are down. The airline is shedding money-losing routes and has ambitious orders for new planes with some of the most advanced interiors available.
Read more: http://www.foxnews.com/us/2012/07/25/american-ceo-bashes-us-airways-calls-it-desperate/#ixzz21gPanjEt
I think what Horton is missing is that the global economy is heading into the toilet and down the drain. The time to do this, if he's going to do it with any airline not just US is now, not later. 2013 will be tough... 2014 will be even very tougher still.
Ray Neidl, a Maxim Group airline analyst who met with Horton at the breakfast, said he was swayed by Horton's determination to keep American independent. "I reduce (the) odds of a merger happening from 90 (percent) to less than 50," he said.
Another analyst, Helane Becker from Dahlman Rose, noted that "it's more important for US Airways to do the deal than it is for American."
US Airways stock hit a 52-week high on July 13 as merger speculation peaked. It has since fallen more than 20 percent as investors have questioned the certainty of a deal. The stock closed Wednesday at $11.15, down 3.75 percent.
There's an unspoken incentive for Horton to bash US Airways and quash merger speculation — drive down his rival's stock price and make a merger less expensive.
One reason a combination may be less likely is that American has been getting stronger as part of its bankruptcy restructuring. Revenue is growing and costs are down. The airline is shedding money-losing routes and has ambitious orders for new planes with some of the most advanced interiors available.
Read more: http://www.foxnews.com/us/2012/07/25/american-ceo-bashes-us-airways-calls-it-desperate/#ixzz21gPanjEt
I think what Horton is missing is that the global economy is heading into the toilet and down the drain. The time to do this, if he's going to do it with any airline not just US is now, not later. 2013 will be tough... 2014 will be even very tougher still.
SparrowHawk
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You won't so smug when the Men & Women of the AFA go down on the Picket Line. Moral & Ethical companies like CostCo and NuCor Steel pay top dollar and have the profit dollars to show for it as does WN.
Case on point from my industry. IKON Ofice Equipment was the first so called "Mega Dealer" with 4.3 Billion in Sales. Constant eye on the numbers, (Sound familiar?). There mantra was "If I can't measure it, I can't manage it" Put folks through Six Sgma training, the whole deal. Sales Turnover was as high as 110% per year. Very high with techs as well, even though techs tend to less mobile. Moral sucked despite good pay rates and benefits. They didn't value their employees and all but said so. Finally the hedge fund that invested in them wanted a payday and POOF, sold to Ricoh.
US views it's employees and customer with contempt and if they could figure out a way to make 12 Billion a year without us they would.
