AMR 3rd Quarter..Let the games begin.

[AAflyer]

AN FRANCISCO (Marketwatch) -- American Airlines parent AMR Corp. (AMR :


24.49, +0.39, +1.6% ) on Wednesday reported third-quarter net earnings $15 million, or 6 cents a share. In the same quarter last year, the Fort Worth, Texas-based airline reported a net loss of $153 million, or 93 cents a share. Excluding a $99 million non-cash charge to reduce the book value of certain outstanding fuel hedge contracts, AMR reported a profit in the quarter ended Sept. 30, 2006, of $114 million, or 45 cents a share. Revenue rose 6.6% to $5.85 billion from $5.48 billion. Analysts polled by Thomson First Call had forecast a per-share profit of 42 cents on revenue of $5.9 billion. AMR said lower fuel prices have reduced its projected fuel costs for the second half of the year by $528 million compared to the forecast the company provided in July. AMR Chairman and Chief Executive Gerard Arpey said in a statement that "while falling fuel prices provide significant benefits to our company, fuel prices remain at historically high levels and continue to be volatile.





We charged off $99 million. Go figure.. We also lost 50 million from the terror fisaco according to company figures.

AAflyer....

Atleast it is a profit.

 

[AA717driver]

That's all well and good but it is a tenuous situation, particularly in light of the volitility of fuel prices. The instability in Korea could dampen AA's growth attempts in Asia and the Mideast continues to be a tenderbox.

Any large gains made by labor, currently in negotiations, could cut the legs out from under AMR's continuing, yet modest, recovery efforts...

Oh, should I have waited for Arpey to say this? I'd hate to steal his lines. TC

 

[ils2minimums]

Any large gains made by labor, currently in negotiations, could cut the legs out from under AMR's continuing, yet modest, recovery efforts...
TC

I wish any gains by labor would also cut the legs from under the expected
PUP payouts due to management next Spring... While AA pilots earn the equivalent of 1988 wages, the top 1000 AMR managers received 100 million dollars in bonuses last April. That figure is expected to be significantly higher next April...

 

[Green]

Any large gains made by labor, currently in negotiations, could cut the legs out from under AMR's continuing, yet modest, recovery efforts...

. TC

I'm assuming you're being sarcastic there but way too many pilots are buying into that BS reasoning. Management pay has NEVER been higher, yet we are being forced to pull money out of our pockets in order to supplement poor decision making in the executive offices.

Maybe if they charged as mush for a ticket as it costs to park your car the airlines could afford to make a profit and still pay decent pilot wages and sky high management bonuses.