diamondcutter
Veteran
- Apr 11, 2007
- 640
- 618
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Wow ...should we make a run on the banks taking out our life savings? I'm updating my resume like, tomorrow. It must be terrible going through life with that black cloud over your headFWAAA said:Just more click-bait from Adam Levine-Weinberg, a paid-by-the-click know-nothing Motley Fool blogger who makes former member WorldTraveler look brilliant by comparison.
Note that thru his option positions, he benefits if AA stock increases in value, which an increase in unit revenue would probably cause.
The article content is merely wishful thinking, hardly "analysis." AA has publicly predicted a further deterioration in unit revenue and since the merger, AA has led the legacies in unit revenue decline.
Even worse news today (after this piece was penned): The Saudis informally agreed to oil production cuts that caused oil prices to spike by more almost 6% today (Brent Crude up 5.9% today; WTI up 5.3%). If the production cuts hold, airline profits might quickly evaporate.
http://www.nytimes.com/2016/09/29/business/energy-environment/opec-agreement-oil-prices.html
http://www.bbc.com/news/business-37502538
http://www.cnbc.com/2016/09/27/oil-prices-climb-after-industry-data-shows-us-stocks-draw.html