Originally Posted by
MinRest
We will absolutely make money this year.
You need to add context to the finances in order for it to make sense. AAL has been horrifically run in the past and has always carried high amounts of debt. They have some aging fleets and have been mounting debt for years instead of clearing it. AS on the other hand, has bought an airline that was losing money and doesn't carry lots of debt. Our warchest is a much larger percentage-wise than AAL.
AAL is 34.7 BILLION dollars in debt. Clapping that they made a Q1 profit is like a Waffle House worker saying they made money because they got their paycheck, while carrying 25k in credit card debt...
they didn’t make a Q1 profit I said they paid down debt in Q1 and if fuel stays at 4.75 for Singapore fuel which all the HA side uses and 4.55 for west coast fuel we will not make money, past performance doesn’t predict future results
there’s a very real chance we don’t make money this year Shane in the Q1 investor call said fuel could be 1 billion dollar expense this year that’s almost have of all of last year revenue just in 1 added expense. Im not saying sky is falling and furloughs im measly saying in our geographic region fuel is almost a dollar more than our competitors so there’s a good chance we will not make money will the other big three and Southwest will. I like working here. I like Alaska this it’s just an objective truth. We pay more for gas on the West Coast and it hurts our bottom line in our competitors have the competitive advantage of not paying for West Coast in Singapore fuel.