Downward trends?!?! Really? How many continuous quarters of profit did AWA show prior to the merger being announced? I'll give you a hint - its in the double digits.
Uhaul? Did Mom put you in time out and take your iphone? Are you the etrade baby? I love that kid.
Anyway, did I get it wrong? Am I reading the wrong 10-K? Cause here is another blurb that backs my statement and I don't want to be wrong.
"Note Concerning Forward-Looking Information
This report contains various forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended (the “Exchange Act”). These statements are based on management’s beliefs as well as assumptions made by and information currently available to management. When used in this document, the words “anticipate,” “estimate,” “expect,” “project” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. Among the key factors that may have a direct bearing on our results are:
• general economic conditions;
• the impact of global instability caused by military actions, terrorism, disease outbreaks and natural disasters;
• limitations on our flexibility in responding to industry conditions due to high fixed costs and restrictions imposed by our debt instruments;
• changes in federal and state laws and regulations;
• changes in prevailing interest rates and the availability of and terms of financing to fund our business;
• the ability to attract and retain qualified personnel;
• the cyclical nature of the airline industry;
• competitive practices in the airline industry;
• the impact of changes in fuel prices; and
• relations with unionized employees generally and the impact and outcome of labor negotiations."
#3 stands out.