AMR Corporation Reports Q4 2010 Net Loss of $97 Million

[ACL65PILOT]

YOU THINK?????? I knew that. But open skies pacts like that open up all the time. I am comparing that to ANY route that AA might have exclusivity on, and then SWA or Spirit, or someone else starts it, does that mean AA will throw a one time charge complaining it hurts them? Come on, those one time charges are made to make the situation SEEM worse. Other airlines do that all the time when it is contract time. Thanks for the obvious clarification.


Bye Bye---General Lee

Many airlines use their route authorities as an asset. These assets are then used to acquire credit. DAL did this with the old NWA Transpac authorities. We too out a few billion in loans on them.

Having a (non cash)good will write off of the value for a given route, will only effect their ability to borrow against it. All companies will have non-cash good will writeoffs from time to time.

If one remembers DAL wrote off about 8 billion in good will prior to the NWA merger. Maybe AMR is cleaning up some items on their balance sheet prior to a acquisition or merger announcement to expedite the process once it is public.......

 

[AA717driver]

AA is a dump. I worked for TWA during the dark days of Icahn's reign and this place is worse in some respects.

At TWA during Icahn, I NEVER worried about the mechanical condition of the aircraft. Not so now.

If this management put half as much time into RUNNING the airline as they do trying NOT to run an airline, AA would be where it was in 1990.

I wouldn't take AA stock if you gave it to me.

TC

 

[Fubijaakr]

At TWA during Icahn, I NEVER worried about the mechanical condition of the aircraft. Not so now.

That's quite an indictment. Make sure you write up EVERYTHING. Thank you from all of us who ride AA airplanes.

 

[Whataburger]

Is it pretty safe to say that this is a pencil-whipped loss because so many labor groups are in negotiations right now?

 

[WSurf]

Is it pretty safe to say that this is a pencil-whipped loss because so many labor groups are in negotiations right now?

Bingo!!! That should end this thread.... Next Up US Airways!

 

[AA717driver]

Is it pretty safe to say that this is a pencil-whipped loss because so many labor groups are in negotiations right now?

I used to think that but I'm not so sure now. This is a bean counter's airline. EVERYTHING is about cost--at the expense of revenue.

The whole JBV/Oneworld thing is about getting a small amount of cash without incurring any cost. You travel from SLC to Berlin and never touch AA metal.

AA is a travel agency funded by an airline that they can't get rid of.

TC

 

[macdu]

AA is a travel agency funded by an airline that they can't get rid of.

TC[/QUOTE]

THAT'S THE END OF THE TREAD

 

[bubbers44]

With USair and other airlines making profits it is obvious AA is hiding it's profits during union negotiations. They are maybe paying down debt or something to hide that they can pay more to their employees. AA is good at that so that 97 million loss probably isn't really so in real life. Of course union negotiations are expected to go on for years since they can't strike now with the RLA holding everybody to a standstill.

 

[BoilerUP]

A look at AA's 10-Q shoes they were profitable operationally in Q4'10 to the tune of $68M...but the loss was caused in part to $201M in interest expense.

I'm guessing if AMR had taken a trip through Ch. 11 like so many other airlines have this past decade, and got a judge to help them beat up on creditors, that their interest expense would have been a bit lower...