AMR loses big 1 st quarter

[RedDogC130]

http://www.reuters.com/article/marketsNews/idINN1635860320080416?rpc=44

 

[N1atEcon]

I am afraid we will be seeing a lot of this in the next few days as everyone reports 1st quarter earnings. Today I see oil hit a new record again, 115 something a barrel. Yet as I was dropping my daughter off at school on my motorcycle (60 mpg) 8 out of 10 cars were medium to large SUVs with the mom and only one or two kids. So with the weak dollar and our addiction to oil I guess the price will just keep going up. And on a another note, on my street of 11 houses 4 sit empty, casualties of the sub prime crash. Yikes

 

[Tanker Clown]

This sure doesn't seem to be messing up their stock price. They're up almost 6% right now. Imagine if SWA posted a loss of one red cent. Their stock would be in getting delisted from the NYSE.

 

[AA717driver]

N1--How are people supposed to suddenly dump the SUV's they bought when gas was (at the then outrageous price of) $2.50/gal.?

Back then, people who predicted $100/bbl. oil were taken less seriously than Al Gore with his bleatings about imminent flooding of the Coasts caused by melting icecaps. (The news that the ice caps have expanded and snowpack in the Arctic and Antarctic is increasing in depth seem to be getting lost somewhere...)

Most people are upside down on their domestic SUV's the second they drive off the lot and certainly don't have the extra money to throw away by switching to a Prius and paying off the SUV.

Besides, I'll go bankrupt buying gas for my SUV before I'll expose my kid (and myself) to the brain-dead drivers in the Midwest by riding a motorcycle.

Good luck. TC

 

[regionalcap]

I am afraid we will be seeing a lot of this in the next few days as everyone reports 1st quarter earnings. Today I see oil hit a new record again, 115 something a barrel. Yet as I was dropping my daughter off at school on my motorcycle (60 mpg) 8 out of 10 cars were medium to large SUVs with the mom and only one or two kids. So with the weak dollar and our addiction to oil I guess the price will just keep going up. And on a another note, on my street of 11 houses 4 sit empty, casualties of the sub prime crash. Yikes

Even if it was $10 a gallon, I wouldn't put my daughter on the back of a motorcyle.

 

[sstearns2]

(The news that the ice caps have expanded and snowpack in the Arctic and Antarctic is increasing in depth seem to be getting lost somewhere...)

Do you have a source for that? Or are you saying they expand in the winter and shrink in the summer, but they are shrinking over the years?

Scott

 

[Max Powers]

This sure doesn't seem to be messing up their stock price. They're up almost 6% right now. Imagine if SWA posted a loss of one red cent. Their stock would be in getting delisted from the NYSE.

Well thats because their stock price is based on them making a profit.....their market cap is over 10 billion which is more than dal nwa amr and usairways combined!!!!!

Pilots are so ignorant most use the singular stock price when determining a companies worth. That doesn't determine their worth.....All oustanding shares X the price of the share = MARKET CAP that is the true value of a company.

 

[Max Powers]

Do you have a source for that? Or are you saying they expand in the winter and shrink in the summer, but they are shrinking over the years?

Scott

Yea there is a source but your too dumb to read.....They're not supposed to diminish on the poles but they are.

 

[Max Powers]

N1--How are people supposed to suddenly dump the SUV's they bought when gas was (at the then outrageous price of) $2.50/gal.?

Back then, people who predicted $100/bbl. oil were taken less seriously than Al Gore with his bleatings about imminent flooding of the Coasts caused by melting icecaps. (The news that the ice caps have expanded and snowpack in the Arctic and Antarctic is increasing in depth seem to be getting lost somewhere...)

Most people are upside down on their domestic SUV's the second they drive off the lot and certainly don't have the extra money to throw away by switching to a Prius and paying off the SUV.

Besides, I'll go bankrupt buying gas for my SUV before I'll expose my kid (and myself) to the brain-dead drivers in the Midwest by riding a motorcycle.

Good luck. TC

OK don't drive a motorcycle I agree take Public transportation which is best or buy a Turbo diesel golf over 60 miles to gallon And safe

 

[Sailpilot]

I am afraid we will be seeing a lot of this in the next few days as everyone reports 1st quarter earnings. Today I see oil hit a new record again, 115 something a barrel. Yet as I was dropping my daughter off at school on my motorcycle (60 mpg) 8 out of 10 cars were medium to large SUVs with the mom and only one or two kids. So with the weak dollar and our addiction to oil I guess the price will just keep going up. And on a another note, on my street of 11 houses 4 sit empty, casualties of the sub prime crash. Yikes

I will continue driving my kids at 16mpg. Big SUV.

Dude, go buy a hybrid. Put metal and steel (even plastic) between your child and the road. You could be the best rider, but what about that 87 yr old granny who's foot slips off the brake?

 

[N1atEcon]

My addition to this thread was not meant to be a my car is safer cause it weighs 6000lbs discussion. It was that as airline employees we are not going to see much good news for a long time with fuel being so expensive. And as for fuel coming down to a reasonable price, I don't see that happening with our current usage in this country and the global demand. So we shall just keep seeing poor earnings and those with small bankrolls closing their doors. I personally would like to see all airlines in the black and able to afford great salaries for all employees.

 

[Lampshade]

I will continue driving my kids at 16mpg. Big SUV.

Dude, go buy a hybrid. Put metal and steel (even plastic) between your child and the road. You could be the best rider, but what about that 87 yr old granny who's foot slips off the brake?

Come on he saved $2.00 in gas, it's worth the risk.

 

[Whataburger]

I have 2 guzzling SUV's, work great, last long time. Are any of yalls daughters old enouth to put on the back of my '82 Yamaha?

 

[Fliteidol]

2nd 1/4 will have to account for the massive cancellations.

 

[vikesfanIV]

2nd 1/4 will have to account for the massive cancellations.

I listened to the conference call.....loss was better than expected. $328 million sounds like a lot, but for a company pulling in $5.7 billion in revenue during the quarter it's not that bad (especially considering oil prices). Not to mention 1st quarter is always the weakest for the airlines. They have $1 billion in debt due this year and over $5 billion in cash. Accelerating orders of their 737-800's to replace MD-80's (don't remember the exact numbers, something like 40 this year and around the same for 2009). Fuel hedges for about 32% of their needs for rest of 2008 capped around $78/barrell. Expect to take a hit in the tens of millions for the maitenance snafu last week. After listening to the call I think any talk about BK is WAY overblown. Analysts seemed to agree.