Originally Posted by
alfaromeo
Wow, Carl, you are quoting the business press, excellent source of financial analysis. Go and read some financial analysis by people that make their living doing it. Is that really what you are standing on, the headline from the Fort-Worth Star Telegram? Is this a joke or are you seriously using the Fort-Worth Star Telegram as your source for financial analysis.
I also listed quotes from Time and the AP. The good thing about those guys is that they actually quote the company officers in their report. And again from the AP report quoting the company:
AMR said it had $29.6 billion in debt and $24.7 billion in assets.
Originally Posted by
alfaromeo
American only has a little over $1 billion in unsecured debt, I will answer the question but clearly you don't have any information beyond the Fort-Worth Star Telegram. Unsecured debt is just about all that gets wiped out in bankruptcy. The rest is secured, mostly by aircraft, so they will not be able to wipe it out.
But you didn't answer the question. You insulted me and my sources in the business press, but you didn't answer the question. For review, the question is:
Since you claim that AMR is where they are because of a lack of Joint Ventures and code share, where are any news stories/analysis to back that up? Your own personal opinions don't count as analysis.
Originally Posted by
alfaromeo
American does not have double the debt load of Delta. American (about 8.2 billion) has less long term debt than Delta (about 12.5 billion), but they are a much smaller company now. Another Carlism that flies out the window with yesterday's Fort-Worth Star Telegram. American's chief problem is a revenue problem.
Then you shouldn't have any problem posting news stories to back up your thesis. I did, why can't you? While you're at it, let's not forget what you said to start this whole thing. You said that AMR is where they are because of a lack of JV's and code share. Please look for those stories to back up this opinion of yours as well.
Originally Posted by
alfaromeo
Since you are so into reading newspapers, Carl, why don't you go back two years and list out the PRASM performance of American vs. Delta. Show me how each airline has done in that time. Then tell me why there is a difference. Carl, you can bluster and attack, but you can't come up with a reason why American has underperformed Delta in the last few years.
In case you haven't noticed, the only bluster and attack here is from you. You say I "can't come up with a reason why American has underperformed Delta...", yet I've posted media stories quoting AMR officers as to what THEY think caused them to seek chapter 11. Don't know what else can be done when I post my evidence, then you respond by telling me "I can't come up with a reason..."
Originally Posted by
alfaromeo
You show headlines from the press that has no clue on anything that happens in this industry.
You mean besides the fact that they quote company officers, and the business press does this stuff for a living?
Originally Posted by
alfaromeo
I offer analysis gleaned from researching company reports and from people that get paid lots of money to do nothing else but analyze the industry.
No you haven't. You've done nothing but post your opinion. Furthermore, you've still refused to back up your assertion that AMR is where they are because of a lack of JV's and code share.
Originally Posted by
alfaromeo
I guess everyone else can decide which sources to believe.
Indeed. Press sources who quote company officials, or the personal opinion of an MEC bureaucrat.
Carl