AMR and DAL qtrly earnings comes out tomorrow....

[satpak77]

Both come out tomorrow. DAL before the market opens. AMR during the day.

Lets see what happens.

 

[1st Rate]

I don't foresee it being very good. We'll see.

 

[Tanker Clown]

My crystal ball says that Delta will bleed a ton of cash. Genitals Lee will blame it on costs associated with their merger (not the fact that they are a bad airline run by incompetent management and staffed with disgruntled employees...and at their wages, I don't blame them). Their only hope is that Song has a hell of a quarter to make up for Delta's loss.

 

[B727Driver]

DAL around -$400 million and AMR -$395 million. Not very good at all.

 

[On Your Six]

DAL around -$400 million and AMR -$395 million. Not very good at all.

For the quarter? DAL losing that much? No way. The Japan thing is supposed to affect our YEARLY bottom-line by $250-400 million, but even our CEO stated at a recent line check meeting that we should have a small profit for the year overall. Remember we made $1.8 BILLION last year, mainly on extra fees like bag fees, and fuel hikes this year have kept up with higher fuel prices. But, our best quarters are 2 and 3, so the first may not be the best result.


OYS

 

[Full of LUV]

My crystal ball says that Delta will bleed a ton of cash. Genitals Lee will blame it on costs associated with their merger (not the fact that they are a bad airline run by incompetent management and staffed with disgruntled employees...and at their wages, I don't blame them). Their only hope is that Song has a hell of a quarter to make up for Delta's loss.

Clown,
So as you claim your "in" with SWA, and hopefully get placed at their newest base ATL in the future, make sure you point yourself out to any DAL pilots you request the jumpseat from to get to work, eventually you'll find one who will recognize tanker clown, or instructordude, or whatever your name really is....

 

[Full of LUV]

DAL around -$400 million and AMR -$395 million. Not very good at all.

Have a hunch that AMR will report a bigger loss than DAL as they are trying to convince the unions that BK is imminent for negotiations. DAL has a year to go before it's time to "show the losses" so to speak.

 

[Tanker Clown]

Clown,
So as you claim your "in" with SWA, and hopefully get placed at their newest base ATL in the future, make sure you point yourself out to any DAL pilots you request the jumpseat from to get to work, eventually you'll find one who will recognize tanker clown, or instructordude, or whatever your name really is....

Thanks for your concern! I'll remember that. My buddy told me that there's a chance that SWA/AT will never really merge. I guess they can be kept in a holding company forever if the SWA pilots agree to it. I'm hoping that happens. I do NOT want to go to ATL. And there's no way an AT guy should be senior to me.

 

[B727Driver]

DAL is projected to lose 46 cents per share.

 

[On Your Six]

DAL is projected to lose 46 cents per share.

For the slowest quarter of the year. Probably so.

OYS

 

[guntrain11]

Both come out tomorrow. DAL before the market opens. AMR during the day.

Lets see what happens.

I don't think DAL reports until April 26. At least that's what's on their press release.

http://news.delta.com/index.php?s=43&item=1351

 

[satpak77]

http://www.earningswhispers.com/stocks.asp?symbol=DAL

yes April 26 is correct this must be a revised release date.

 

[Skyboy722]

AMR-----OUCH! $436 Million Loss

 

[RiddleEagle18]

http://www.etfchannel.com/news/2011...es-amr-luv-dal-faa-ual-alk-flyx-AirETF042011/

 

[RNP.15]

Is AMR the next EAL ?

 

[GuppyWN]

AMR-----OUCH! $436 Million Loss

Beat the estimates!

Gup

 

[cunchos]

-4.8 million a day!!!!! how long can they keep this up ?

 

[Grandpa +65]

-4.8 million a day!!!!! how long can they keep this up ?

I don`t know. But, AMR ended the first quarter with approximately $6.3 billion in cash and short-term investments. Maybe 132 days?


http://finance.yahoo.com/news/AMR-Corporation-Reports-1Q-prnews-2771578228.html?x=0&.v=1

 

[aa73]

Amazing. They post a loss and somehow increase cash on hand and reduce debt. Fuzzy math? Oh. no: contract negotiations 101 - even if we're profitable, report a loss and inject doom and gloom so as to scare employees!

 

[Secret Squirrel]

Actually their total debt went UP by 1.5 Billion in one quarter. Their Net Debt went up by 200 million. And their increase in Cash is probably that 1 Billion in notes they just floated at a very high rate (7.5%).

 

[satpak77]

parking jets ?

http://www.chicagotribune.com/busin...s-capacity-20110420,0,6222452.story?track=rss

American Airlines plans to park about 10 percent of its MD-80 fleet this year and trim domestic capacity to stem losses from sky-high fuel prices.

Texas-based American announced Wednesday that it would ground at least 25 MD-80s, aging workhorses that carry out much of its domestic service and gradually replace them with newer and more fuel-efficient Boeing 737 jets.

American joins Delta and United airlines in cutting money-losing flights in the U.S., while boosting flights on higher-margin overseas routes, as jet fuel prices hit the stratosphere.

Their retreat in the domestic market creates a void that lower-cost carriers such as Southwest, JetBlue Airways and Virgin America will likely fill, said airline analyst Roger King of CreditSights Inc.

Despite raising fares more than a half-dozen times since the year began, carriers such as American are struggling to offset soaring fuel bills.

Airlines paid $140 per barrel for jet fuel, as of April 15, up 45 percent from year-earlier prices, according to the International Air Transport Association, an airline trade group.

"There is no denying that should fuel prices remain where they are, we are headed for yet another challenging year," American Chief Executive Gerard Arpey told employees in a letter Wednesday.

American started the year off with a quarterly net loss of $436 million, or $1.31 per share, that exceeded analysts' expectations of a $1.32 per share loss. American's performance was an improvement from its year-earlier loss of $505 million, or $1.52 per share.

The nation's third-largest carrier continues to look to close ventures with OneWorld alliance partners across the Atlantic and Pacific to boost revenue. American said it intended to take delivery of two additional Boeing 777-300ERs, bringing to five the total new wide-body jets it will add to its fleet in 2012 and 2013 as it increases overseas service.

The latest network tweaks will reduce American's U.S. service by 0.5 percent for the year, while boosting international capacity by 8.1 percent for the year.

Delta last month said it would cut overall capacity by 3 percent, while United said it intended to keep system-wide capacity flat while making large domestic cuts.

Chicago-based United told employees last month that while it would increase overseas capacity by 2.5 percent to 3.5 percent for the year, it would reduce domestic service by 1.5 percent to 2.5 percent for the year with the deepest cuts in the fourth quarter. During that period, United intends to reduce domestic flying by 5 percent and is studying parking some fuel-inefficient jets.

 

[On Your Six]

AA is parking 25 MD80s, and adding 5 777-300ERs. How much do you think a new 777-300ER costs? A lot.


OYS

 

[Dornier 335]

AA is parking 25 MD80s, and adding 5 777-300ERs. How much do you think a new 777-300ER costs? A lot.


OYS

Not only that, didn't they also recently announce to invest in the resurrection of Mexicana Airlines? Wonder how big that tap is ...

 

[On Your Six]

Not only that, didn't they also recently announce to invest in the resurrection of Mexicana Airlines? Wonder how big that tap is ...

Every employee group has a contract up for negotiation. Hmmmmmm. And they also invest in Mexicana? Sounds Estupido to me...eh cabron?


OYS

 

[satpak77]

this will be interesting to watch. I personally (and what do I know? - nothing) believe that AA has a lot of storms going on right now

 

[On Your Six]

this will be interesting to watch. I personally (and what do I know? - nothing) believe that AA has a lot of storms going on right now

And, since Delta's pension was cut, Congress enacted some laws NOT allowing airlines to just cut those like they did. AMR had the chance to try to cut those, and they missed it. So, going BK just won't cut all of the "fat." I think they need to cut management bonuses and pay, personally.


OYS

 

[Dornier 335]

And they also invest in Mexicana? Sounds Estupido to me...eh cabron?


OYS

No, muy loco! Here's a (somewhat) believable source (in Spanish) and here's the denial from Dallas.

 

[ArcadiaMaxima]

AMR's Total Debt, which it defines as the aggregate of its long-term debt, capital lease obligations, the principal amount of airport facility tax-exempt bonds, and the present value of aircraft operating lease obligations, was $17.4 billion at the end of the first quarter of 2011, compared to $15.9 billion a year earlier.

AMR's Net Debt, which it defines as Total Debt less unrestricted cash and short-term investments, was $11.6 billion at the end of the first quarter, compared to $11.4 billion in the first quarter of 2010.

 

[2ndGenPSA]

Not "Congress,"
DEMOCRATS. Much to the dismay of Republicans. And the demise of all business!!!!! (joke)

And, since Delta's pension was cut, Congress enacted some laws NOT allowing airlines to just cut those like they did. AMR had the chance to try to cut those, and they missed it. So, going BK just won't cut all of the "fat." I think they need to cut management bonuses and pay, personally.


OYS

 

[aa73]

Parking 25 MD80s but starting up with 2-3 737s/month next month. AA will easily recoup the lost MD80s with 737s. Shouldn't make much of an impact on recalls.