American Earnings announcment
#1
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American Earnings announcment
AAL announced earnings today and knocked it out of the park!. Largest in profit in their history and here is the thing that got my attention;
When interviewed on CNBC this morning Doug Parker remarked that along with instituting a dividend and 1 billion dollar stock buy back, they would be increasing their pension payments above the minimum required!
He also said on the question of restarting service to Tel Aviv today after FAA lifting the ban, that AAL would have to talk to their pilots before making a decision on whether to start flying there again.
There is a lesson for UAL managers in this.
When interviewed on CNBC this morning Doug Parker remarked that along with instituting a dividend and 1 billion dollar stock buy back, they would be increasing their pension payments above the minimum required!
He also said on the question of restarting service to Tel Aviv today after FAA lifting the ban, that AAL would have to talk to their pilots before making a decision on whether to start flying there again.
There is a lesson for UAL managers in this.
#3
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I'm not bashing UAL at all, but UAL management (former Continental) has been extremely inept at implementing the merger and has has proven they can't make money consistently.
I'm not sure if this is the lesson to be learned as insinuated but that would be a good starting point.
I'm not sure if this is the lesson to be learned as insinuated but that would be a good starting point.
#4
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Talking to their pilots BEFORE making a public anouncement like restarting Tel Aviv. That process is called being "Consultive." Instead, typical of united mis-management they have chosen to be combative and made the announcement BEFORE consulting with the pilots.
Had UAL management consulted with their pilots, we would have had a statement from ALPA that the MEC and the Air Safety Committee had determined that the have studied the issue and determined that it could be accompllished safely.
Had UAL management consulted with their pilots, we would have had a statement from ALPA that the MEC and the Air Safety Committee had determined that the have studied the issue and determined that it could be accompllished safely.
#5
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It really is a wake-up call to the employees of United. Jeff has done a good job of turning a good domestic airline and an equally as good international carrier into the carrier to be avoided. We've watched as most of our premium passengers have jumped to DL and AA. Ultimately the employees will suffer as we'll eventually loss jobs and maybe the airline to his ineptness. It's not a UAL vs CAL thing guys, it's a management vs employees thing and Jeff is winning at our expense.
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#7
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Here we go....I think we can all find solace in the fact that based on today's earnings and 1 Billion dollar buy-back announcement, Jeffry is up a cool Mil on his reported UAL stock holdings. That's a nice 1-day bounce. Good for Jeffry.
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#9
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If you count a flight from Houston to Cancun in a 737 the same as a flight from San Francisco to Sydney in a 747 then they were about equal. They are both "1 flight" but one is about 14 times more ASMs than the other.
That "logic" didn't work and no one bought it.
#10
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If you count ASM's then was United by a large margin. Not even close.
If you count a flight from Houston to Cancun in a 737 the same as a flight from San Francisco to Sydney in a 747 then they were about equal. They are both "1 flight" but one is about 14 times more ASMs than the other.
That "logic" didn't work and no one bought it.
If you count a flight from Houston to Cancun in a 737 the same as a flight from San Francisco to Sydney in a 747 then they were about equal. They are both "1 flight" but one is about 14 times more ASMs than the other.
That "logic" didn't work and no one bought it.
Will this juvenile banter ever end? Never mind, I know the answer.
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