Alaska slowing growth...
Today on Yahoo:
https://finance.yahoo.com/news/alask...132500672.html An excerpt: Alaska Air (NYSE: ALK) has experienced severe margin compression over the past several quarters, due to a combination of rising fuel costs, stiff competition, and merger pains following its 2016 acquisition of Virgin America. However, management is laser-focused on rebuilding the company's profitability. Toward that end, Alaska Airlines is set to reduce its growth rate until it starts hitting its margin and return on invested capital goals. Last quarter, Alaska Airlines began taking concrete steps to align its fleet plan with its new target of 4% annual growth and $750 million of annual capital expenditures for 2019 and 2020. The carrier restructured its orders with Boeing (NYSE: BA), Airbus (NASDAQOTH: EADSY), and Embraer (NYSE: ERJ) to better fit its projected needs. |
I have heard through the grapevine that we are losing about $1Million every day. This has less to do with rising fuel prices and more to do with a failing business model. The VX purchase and forced drop of many of our bread and butter codeshare agreements (Delta, American, etc) have been disasterous. Couple that with our providing feed for, and enabling, carriers like Emerates...which the big boys despise and that makes us a prime target to be taken out. I would guess the big boys smell blood in the water and will continue to add pressure. But look on the bright side, Brad and Ben got their huge bonuses for creating this mess.
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Originally Posted by IamAlaska
(Post 2591346)
I have heard through the grapevine that we are losing about $1Million every day. This has less to do with rising fuel prices and more to do with a failing business model. The VX purchase and forced drop of many of our bread and butter codeshare agreements (Delta, American, etc) have been disasterous. Couple that with our providing feed for, and enabling, carriers like Emerates...which the big boys despise and that makes us a prime target to be taken out. I would guess the big boys smell blood in the water and will continue to add pressure. But look on the bright side, Brad and Ben got their huge bonuses for creating this mess.
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Originally Posted by ELAC321
(Post 2591349)
We made 18mil after tax Q1 check your grapevine
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Originally Posted by MusicPilot
(Post 2591372)
Way to go for a #5 carrier. B6 made $85 million. I’m no math expert, but these numbers are no where close together. 🤔
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Originally Posted by Bugaboo
(Post 2591395)
No one was comparing income....just countering the “sky is falling losing a million dollars a day”.
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Originally Posted by MusicPilot
(Post 2591372)
Way to go for a #5 carrier. B6 made $85 million. I’m no math expert, but these numbers are no where close together. 🤔
I will help you out because there is 0% chance you could figure this out on your own. Those 4 improvements would cost b6 roughly 73 million a quarter. No pilot at b6 is happy, please take your math and go and work there. |
Originally Posted by ELAC321
(Post 2591349)
We made 18mil after tax Q1 check your grapevine
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Originally Posted by OTZeagle1
(Post 2591492)
How much would b6 have made if their pilots were making the same hourly rate as you, had 15% match, and your medical, oh and their FA’s made the same as Ours. You clearly are no math expert!
I will help you out because there is 0% chance you could figure this out on your own. Those 4 improvements would cost b6 roughly 73 million a quarter. No pilot at b6 is happy, please take your math and go and work there. Oh look. A super expert and a koolaid drinker. Don’t need to take my math somewhere else. You probably think the VX pilots were the only one winning with the merger too. Pounding sand sounds like the best advice I can give you. |
Originally Posted by MusicPilot
(Post 2591639)
Oh look. A super expert and a koolaid drinker. Don’t need to take my math somewhere else. You probably think the VX pilots were the only one winning with the merger too. Pounding sand sounds like the best advice I can give you.
Read my statement with a Russian accent and you will find it hilarious. It sounds like this, “Y O U A R E A N I D I O T” |
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