Go Back  FlyerTalk Forums > Miles&Points > Airlines and Mileage Programs > American Airlines | AAdvantage
Reload this Page >

AA CEO Parker: "I don't think we're ever going to lose money again"

Register
Community
Wiki Posts
Today's Posts
Search

AA CEO Parker: "I don't think we're ever going to lose money again"

Thread Tools
 
Search this Thread
 
Old Sep 30, 2017, 3:47 pm
  #1  
Original Poster
 
Join Date: Feb 2003
Location: USA & UK -- AA EXP 3.5MM, Hyatt Diamond, SPG Plat, Avis President's Club
Posts: 6,411
AA CEO Parker: "I don't think we're ever going to lose money again"
Article in The Washington Post

A very interesting promise.
CloudCoder is offline  
Reply
Old Sep 30, 2017, 3:51 pm
  #2  
 
Join Date: Dec 2003
Location: NYC
Posts: 6,433
The benefits of being part of an oligopoly.
BearX220, Casswiki, Catbert10 and 6 others like this.
richarddd is offline  
Reply
Old Sep 30, 2017, 4:08 pm
  #3  
FlyerTalk Evangelist
 
Join Date: May 2012
Location: MCO
Programs: AA, B6, DL, EK, EY, QR, SQ, UA, Amex Plat, Marriott Tit, HHonors Gold
Posts: 12,809
What an idiot. Can't wait to see him eat those words one day.
cmd320 is offline  
Reply
Old Sep 30, 2017, 4:09 pm
  #4  
 
Join Date: Jul 2010
Location: SFO
Programs: AA EXP
Posts: 5,270
Didn't Crandall say the same thing?

Oh, wait, it was the exact opposite. Anyhow, certainly no declaration of corporate invincibility has ever been proven wrong.
rjw242 is offline  
Reply
Old Sep 30, 2017, 4:22 pm
  #5  
FlyerTalk Evangelist
 
Join Date: Dec 2003
Location: Benicia, California, USA
Programs: AA PLT,AS,UA PP,J6,FB,EY,LH,SQ,HH Dmd,Hyatt Glbl,Marriott Plat,IHG Plat,Accor Gold
Posts: 10,820
Originally Posted by richarddd
The benefits of being part of an oligopoly.
Most definitely. Though his prediction is still stupid, in that even oligopoly members can lose money during economic downturns.
Thunderroad is offline  
Reply
Old Sep 30, 2017, 4:25 pm
  #6  
 
Join Date: Feb 2003
Location: CT USA
Posts: 2,577
I'm not sure I want to live (fly) through what he will have to do to make it true
JumboJet is offline  
Reply
Old Sep 30, 2017, 4:48 pm
  #7  
 
Join Date: Nov 2006
Location: DFW or Somewhere Else
Programs: UA Plt /Delta DM/ Marriott Platinum Prem./Hilton Diamond / Hyatt Globalist /Hertz PS / National EE
Posts: 1,107
There’s no way to vote with wallets

American - crappy product in many planes and will get crappier. Bad leadership (good international elite recognition )
Delta - the crappiest Rewards program (overall good customer service )
United - the most frustrating awards program. 1K upgradeless and a crappy product (easy to use miles )

No matter what your stuck with crap and we still have to fly
1readyset2go, DH and bchandler02 like this.
aero0729 is offline  
Reply
Old Sep 30, 2017, 4:54 pm
  #8  
 
Join Date: Jul 2010
Location: SFO
Programs: AA EXP
Posts: 5,270
Originally Posted by aero0729
No matter what your stuck with crap and we still have to fly
If you ditch the rewards programs, there's a number of decent options.
rjw242 is offline  
Reply
Old Sep 30, 2017, 4:59 pm
  #9  
 
Join Date: Mar 2015
Location: Austin, TX - AUS
Programs: AA Platinum, Hilton, Hyatt, IHG, Marriott
Posts: 1,625
Right now, airlines are profitable because of good conditions - healthy economy, strong demand, low fuel prices, and minimal competition. Should there be a recession (only a matter of time), rise in fuel prices (real possibility), or a terrorist attack (I hope not, but can't ignore it), then it's bye-bye profits.

Parker's comment is as ridiculous as a certain former CEO's statement "there will be changes ahead, and I think you will like them".
JDiver and nutwpinut like this.
Austin787 is offline  
Reply
Old Sep 30, 2017, 6:57 pm
  #10  
FlyerTalk Evangelist
 
Join Date: Jul 2003
Posts: 23,063
Here's what he actually said -- "I don’t think we’re ever going to lose money again". Maybe it's just me, but I feel like there's a difference between definitively declaring they won't lose money again and saying "I don't think".
seat38a, JDiver, tuolumne and 1 others like this.
xliioper is online now  
Reply
Old Sep 30, 2017, 7:01 pm
  #11  
 
Join Date: Apr 2002
Location: Atlanta Metro
Programs: DL , AC, BA, Hhonors Diamond, IH Platinum, Bonvoy Gold, Hyatt Discoverist
Posts: 2,358
Oh, Dougie. Such hubris. And as they say, pride goeth before a fall. And no one deserves a fall more than you.
akarneboge, JDiver, Catbert10 and 2 others like this.
hotturnip is offline  
Reply
Old Sep 30, 2017, 7:07 pm
  #12  
 
Join Date: Oct 2007
Location: San Jose, Costa Rica
Programs: AAdvantage Platinum
Posts: 1,894
Shouldn't he have prefaced that comment with "As God is my witness ..."?
SJOGuy is offline  
Reply
Old Sep 30, 2017, 7:46 pm
  #13  
FlyerTalk Evangelist
 
Join Date: Jan 2007
Location: BOS/UTH
Programs: AA LT PLT; QR GLD; Bonvoy LT TIT
Posts: 12,755
Originally Posted by Austin787
Right now, airlines are profitable because of good conditions....
Not a terribly insightful comment, IMO. Can you think of any industries where that doesn't apply?
Dr. HFH is offline  
Reply
Old Sep 30, 2017, 8:11 pm
  #14  
Moderator: American AAdvantage
 
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Maître-plongeur des Muccis
Posts: 62,948
Thread title changed to actual quotation.

/Moderator
JDiver is offline  
Reply
Old Sep 30, 2017, 8:17 pm
  #15  
 
Join Date: Dec 2009
Location: SJC
Programs: AA EXP, HH Diamond, SPG Platinum, Marriott Platinum
Posts: 70
Shouldn’t it be “ever” instead of “never”?
bd24133 is offline  
Reply



Advanced Search
Reply Closed Thread Share
Forum Jump

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.