Q2 Results
Jul 18, 2013, 7:52 am
#1
Original Poster
Join Date: Mar 2005
Location: Houston, TX
Programs: AA Exec Plt, SPG Platinum
Posts: 355
Q2 Results
Looks really great upon initial read. The quarterly filing will provide more information.
http://hub.aa.com/en/nr/pressrelease/amr-corporation-reports-net-profit-of-357-million-excluding-reorganization-and-special-items---amrs-best-second-quarter-result-in-company-history
http://hub.aa.com/en/nr/pressrelease/amr-corporation-reports-net-profit-of-357-million-excluding-reorganization-and-special-items---amrs-best-second-quarter-result-in-company-history
Jul 18, 2013, 8:23 am
#2
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
Looking pretty good, even though I don't understand why bankrutcy epenses are special (they're bankrupt, aren't they?).
Bottom line is that costs are under control (thanks to lower fuel costs and bankruptcy reorganized contracts) but revenues are still falling, with a lowering PRASM, which is not a sign of a turnaround yet.
Bottom line is that costs are under control (thanks to lower fuel costs and bankruptcy reorganized contracts) but revenues are still falling, with a lowering PRASM, which is not a sign of a turnaround yet.
Jul 18, 2013, 8:43 am
#3
Join Date: Jan 2003
Location: DL: Silver; AA: EX PLAT; UA: Silver; HY: DIA; HH: DIA; MR: TIT
Posts: 1,708
Yes but they are not "normal" recurring costs (we hope). Evaluating the results from operations (that exclude bankruptcy) gives better comparability to competitors.
Jul 18, 2013, 12:14 pm
#4
FlyerTalk Evangelist
Join Date: Mar 1999
Posts: 12,097
Terry Maxton's cut-through-the-PR view: http://aviationblog.dallasnews.com/2...-history.html/