AA reports $2.2 billion 1st quarter 2020 loss
Apr 30, 2020, 3:36 pm
#16
Join Date: Mar 2002
Location: YYJ
Posts: 4,137
Do you feel better now? We all know what he said, and we all know that the industry has been affected by an unprecedented and unforeseen special event. Did your company foresee this and forecast a loss this quarter?
Apr 30, 2020, 4:26 pm
#17
Join Date: Dec 2018
Programs: $9 Fare Club
Posts: 1,479
Let's not forget that Parker has presided over some pretty significant degradations of PaxEx and Loyalty, all the while running an airline that has consistently ranked well below its peers in many metrics. I can't remember the last time American led on any initiative, be it good or bad - always following the pack. In any case the corporate guillotine will fall on DP before the year is out. Lets hope the next CEO is able to strike a better balance between running a business and taking adequate care of customers.
Apr 30, 2020, 6:50 pm
#18
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
Anyone with half a brain could tell you there was a 100% chance that airlines would definitely lose money again. Luckily Doug lacks even half a brain...
May 1, 2020, 5:09 am
#21
Join Date: Jun 2010
Location: ROC/NYC/MSP/LAX/HKG/SIN
Posts: 3,212
I am going to guess 10B at the bare minimum. The April is already gone, we have most of May already locked down, and very likely June will be gone too.
AA already lost money(from flying passengers) before pandemic, they would just be using the Coronavirus as an excuse.
AA already lost money(from flying passengers) before pandemic, they would just be using the Coronavirus as an excuse.
Last edited by PaulInTheSky; May 2, 2020 at 2:44 am
May 1, 2020, 5:21 am
#22
Suspended
Join Date: Nov 2005
Posts: 789
All true but name me a set of financials from any sector that the markets will love? Even Amazon is bemoaning its extra costs of doing business.
May 1, 2020, 6:15 am
#24
Join Date: Nov 2011
Posts: 691
I am going to guess 10B at the bare minimum. The April is already gone, and we have most of May already locked down, and very likely June will be gone too.
AA already lost money(from flying passengers) before pandemic, they would just be using the Coronavirus as an excuse.
AA already lost money(from flying passengers) before pandemic, they would just be using the Coronavirus as an excuse.
May 1, 2020, 9:13 am
#27
FlyerTalk Evangelist
Join Date: Nov 2001
Location: Wanting First. Buying First.
Programs: Lifetime Executive Diamond Platinum VIP with Braniff, Eastern, Midway, National & Pan Am
Posts: 17,492
May 1, 2020, 9:41 am
#28
Suspended
Join Date: Sep 2006
Programs: AAdvantage PP
Posts: 13,913
AA is problematic from a standpoint it's got a lot of new a/c with lease or finance payments. How is AA going to be able to cover these payments with some of those a/c parked or flying only a couple of segments a day?
May 1, 2020, 10:54 am
#29
FlyerTalk Evangelist
Join Date: Feb 2001
Location: RDU <|> MMX
Programs: AA EXP 2MM, SK EBS
Posts: 12,481
And BTW unlike some I have nothing personal against DP or AA, but the comment in question was just stupid for the reasons mentioned above.