Originally Posted by
inline five
Yeah, because Parker knew oil was going to fall 50% in 6 months.
It's all managements fault for not letting us in on their magic 8 ball predictions.
It's guys like you whom will never be satisfied, no matter what.
I don't think the $1 bil was profit. It was benefits. Airways was making close to $1 bil a year by themselves.
EDIT:
Here it is, from 2 years ago. $1 billion in combined benefits. FYI benefits are not the same as profits.
American Airlines, US Airways announce $11B merger - CBS News
I'm glad you brought up oil. The lower cost of oil doesn't even begin to explain the historic Billions in profit... but it does explain why American Airlines is supposed to make at least an extra $1.3B over and above Delta and United (because DAL and UAL hedged fuel).
American positioned to save more than rival airlines on jet fuel in 2015 - MarketWatch
Nevertheless, do you really care how DUI was ably to amass $10Billion in profits in just two years? I don't.
I think its great. Now we know he can afford to pay us like he promised to!
Don't forget to keep perspective.... Parker has $10Billion, and a promise to keep...
