AA 2Q Results: Highest Ever

[DCAA320]

http://www.marketwatch.com/story/am...uarterly-profit-in-company-history-2014-07-24

Second quarter 2014 non-GAAP net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of American Airlines

Second quarter 2014 GAAP net profit was a record $864 million

The Company also announced a capital deployment program, including over $2.8 billion in debt and aircraft lease prepayments, a $1 billion share repurchase program, the initiation of a quarterly cash dividend, and $600 million of additional pension contributions

As part of the program, American's Board of Directors declared a dividend of $0.10 per share for shareholders of record as of August 4, 2014. The cash dividend is the first declared by American since 1980

 

[waveflyer]

Congratulations- there has been so much turmoil for more than a decade at all 3 combined airlines- I'm happy for everyone that good times have finally arrived-

 

[Dan Roman]

Just curious, the higher post merger pay scale has kicked in correct?...... The point being that the industry doesn't need concessionary USAPA type wages to make a profit. Interesting that with the large boost in pilot wages also comes a huge gain in profits. No I'm not saying that is why, just that it didn't hinder it.

 

[waveflyer]

You mean greed doesn't pay anywhere? And in a consumer based economy, middle class wages actually stimulate the whole economy?
And the ship doesn't sink or swim on pilot pay?



So happy with the results posted industry wide today
This has been well earned by employees at all airlines

 

[RJLoser]

Just curious, the higher post merger pay scale has kicked in correct?...... The point being that the industry doesn't need concessionary USAPA type wages to make a profit. Interesting that with the large boost in pilot wages also comes a huge gain in profits. No I'm not saying that is why, just that it didn't hinder it.

New payrates/work rules effective 12/9/13

 

[Dan Roman]

New payrates/work rules effective 12/9/13

Thanks

 

[LearLove]

Good thing we gave up that profit sharing.

 

[RJLoser]

Good thing we gave up that profit sharing.

No kidding. 9K+ last year. I don't even want to know what this year would have been.

 

[General Lee]

No kidding. 9K+ last year. I don't even want to know what this year would have been.

Looks like it could be 12-15% of W2 for DL pilots..... Then add a 15% DC fund contribution on top of it, for the profit sharing check...


Bye Bye---General Lee

 

[skywiz]

Looks like it could be 12-15% of W2 for DL pilots..... Then add a 15% DC fund contribution on top of it, for the profit sharing check...


Bye Bye---General Lee

It will just be a matter of time before AA catches up to DL with reagards to profit sharing. We are a few years behind you guys with respect to a merged airline, but our profits are catching up quickly to yours. Once we are able to take advantage of our synergies, we will be unstoppable.

 

[BILL LUMBERG]

Let's see if you get PAST your synergies.....3 airlines still separate and whatnot.

You will print money, just not at the scale you are bragging on.

 

[skywiz]

Let's see if you get PAST your synergies.....3 airlines still separate and whatnot.

You will print money, just not at the scale you are bragging on.

It kinda sounds like you are secretly hoping AA isn't successful with the merger. Wonder why? Afraid DL won't continue to have the leading industry contract?

You made my point.... That's right we haven't yet full combined the airlines (AA, us east, west) and we are making good profits. Once combined I'm hopeful the numbers will be even bigger and I'm sure if you flew for AA you would feel the same way.

 

[nwaf16dude]

Good news for AA, and I'd absolutely love to see you guys surpass our contract in a big way. Quickly please, we're negotiating again very soon,

 

[The Drizzle]

Good news for AA, and I'd absolutely love to see you guys surpass our contract in a big way. Quickly please, we're negotiating again very soon,

Sadly it seems the MOU locks us into a contract cost about where we are now and all improvements being negotiated are low-to-no cost items. yay.

 

[General Lee]

It kinda sounds like you are secretly hoping AA isn't successful with the merger. Wonder why? Afraid DL won't continue to have the leading industry contract?

You made my point.... That's right we haven't yet full combined the airlines (AA, us east, west) and we are making good profits. Once combined I'm hopeful the numbers will be even bigger and I'm sure if you flew for AA you would feel the same way.

I hope you guys stay profitable and like Bill stated, keep wages up. But, watching your SLI with arbitration that will be contested every step of the way by the Easties of USAir, I don't envy your position. And Parker doesn't mind making more profits while you guys try to "figure it out." Good luck, really...


Bye Bye---General Lee

 

[DCAA320]

Let's see if you get PAST your synergies.....3 airlines still separate and whatnot.

You will print money, just not at the scale you are bragging on.

Hey loud mouth, who do you fly for? Arse!

 

[skywiz]

Sadly it seems the MOU locks us into a contract cost about where we are now and all improvements being negotiated are low-to-no cost items. yay.

Starting in 2016,pay parity with avg of DL and UA rates. So if DL rates go up, AA's does too as I understand.

 

[The Drizzle]

Starting in 2016,pay parity with avg of DL and UA rates. So if DL rates go up, AA's does too as I understand.

They certainly do, but that does nothing to "help" Delta. The current AA contract is a laggard behind the big two by a long shot.

 

[JumpersAway]

The preaching to our new hire class was that Parker didn't want to waste money on the negotiating process for our future contracts. He was going to take the highest contract, add to it, and call it done. Who knows. Believe none of what you hear, and only some of what you see. Many Airways folks will tell you this isn't Parker's style.

 

[RJLoser]

The preaching to our new hire class was that Parker didn't want to waste money on the negotiating process for our future contracts. He was going to take the highest contract, add to it, and call it done. Who knows. Believe none of what you hear, and only some of what you see. Many Airways folks will tell you this isn't Parker's style.

Who said this to a newhire class?