Here are some notes from the MSP base visit, sorry about the abbreviated format:
Graham-
June 2012-June 2012 financials- 2.8 bill operating income
United- 2.0 billion
Swa- 967 million

Adjusted. Net debt to capital 53%
Swa 21%
Alaska 29%
Usair 76%

margains:
Delta 7.8%
Alaska 12%
Swa 5.7%
Goal is 10%
Trying to control costs and increase revenues
80% of fuel will come from Trainer facility.(Domestic flights)
Crack spread has gone from $7-20
Original price of facility was $700 mill
Sept 25- jet fuel starts from Trainer facility.
3rd quarter financials look good.
United has to buy fuel from us.

Phil Lindsay
Network
Europe is a huge concern for us. We r retrenching to AMS and CDG.
4q Atlantic is down 6.1% in 4th quarter
Growing NY. Margains up 3%
Pacific up 3.1%
Latin America up 7.7%
4th quarter will be the first quarter since merger that we will not shrinking.
NY is growing beyond expectations. :
1Q- increase gauge to diff cities
8% of EWR traffic moved to LGA in August. (passenger)
Will be same size as UAL.
3% LGA traffic has moved from AA to us.
4th Q will be a huge kickoff for mainline growth. -900, 717 and MD90s
73 mainline a/c by 4Q 2014

Looking for more LHR slots
Will be canceling non core routes for at least winter.

Pacific:
DTW-HKG cancelled.
NRT- beach doing well

NY-
AA has some weaknesses there, especially to Caribbean and Latin America.
Growth to numerous Latin Am. Cities.

65 M80 by end of 2013
Looking for another 12-15 90s
Turning 15-20 767 into "beach" aircraft.
A319 are set
Older A320s may be hitting max life around 2015. Waiting for Airbus to see if the life can be extended.

717 may. Come to NY and MSP in 2014(flying not necessarily based).
AT&T moved to Delta from SWA.
(SWA)They r doing well with leisure paxs. Hurting pricing in ATL.

We are holding onto cash in case AA needs to sell assets to raise $ for a merger.
If we can't get Alaska away from AA, a merger with them is possible.
May have a new Skyteam member from Middle East by 4Q 2013
767-300 could be gone by 2015. GE does not support the engine anymore.
Could move entire NRT operation to HND in a few years.

Andy Hummel-
Next AE- late 2012
DTW 737 is likely
Want to close the 9 and open the 717 on the same bid. If the 9 sticks around they can't do that. They don't want to train on the 9 and retrain the 9 guys a few months later on the 717/MD-88
Big AE early 2013
Trying to decide the 4 /5 day trip issue.
Waiting for network to decide future placement of crews/aircraft. I think they said Network would have word on 2013 by October.
This summer we are 300 fat, next summer we will be about 100 fat. Possible hiring in late 2013 or early 2014.


First crews with electronic Flt bags will be 717.