American vs. Southwest
02-25-2022, 03:45 PM
#111
Gets Weekends Off
Joined APC: Dec 2019
Posts: 1,870
I know about the crack spread. Oil prices going up doesn’t make the spread better. It might or it could just as easily make it worse. Demand/price for whatever byproduct your selling at whatever time of year is just as important to your margins. In Delta’s case, they can easily lose money if they time the market wrong, defeating the purpose of not having to pay for a refiner’s profit margin.
02-25-2022, 04:05 PM
#112
Gets Weekends Off
Joined APC: Nov 2017
Posts: 131
Originally Posted by Margaritaville
The value of the refinery is that it floods the Northeast with jet fuel and thus drives down the price. They run the refinery at a loss and still come out ahead. Bold move Cotton.
Here's an article from 2016 but still a good read.
https://www.reuters.com/article/us-d...-idUSKCN10E0EZ
"Warmann’s memo said the strategy cost the refinery about $30 million in the second quarter, which left it with a $10 million loss for the period, but he said it saved Delta about $100 million."
Here's an article from 2016 but still a good read.
https://www.reuters.com/article/us-d...-idUSKCN10E0EZ
"Warmann’s memo said the strategy cost the refinery about $30 million in the second quarter, which left it with a $10 million loss for the period, but he said it saved Delta about $100 million."
02-27-2022, 11:29 AM
#113
Gets Weekends Off
Joined APC: Sep 2021
Posts: 274
Originally Posted by AllYourBaseAreB
I know about the crack spread. Oil prices going up doesn’t make the spread better. It might or it could just as easily make it worse. Demand/price for whatever byproduct your selling at whatever time of year is just as important to your margins. In Delta’s case, they can easily lose money if they time the market wrong, defeating the purpose of not having to pay for a refiner’s profit margin.
losses for tax purposes - can be mitigated by tax benefits but losses are losses - profits are better
02-27-2022, 11:32 AM
#114
Gets Weekends Off
Joined APC: Dec 2019
Posts: 1,870
Originally Posted by cantflylist
Actually - OIL up - refinery $$ bad. Refined products up - refinery $$ good.
losses for tax purposes - can be mitigated by tax benefits but losses are losses - profits are better
losses for tax purposes - can be mitigated by tax benefits but losses are losses - profits are better
02-27-2022, 11:57 PM
#115
Line Holder
Joined APC: May 2013
Posts: 99
Anyone know besides APC where one can see where they would retire on a specific airline seniority list? I have a bit over 30 years left and I am aware that AA has 50% retiring in 7 years but what about after those years. Thanks.
02-28-2022, 01:52 AM
#116
Gets Weekends Off
Joined APC: Jun 2012
Posts: 144
Originally Posted by Sirius
Anyone know besides APC where one can see where they would retire on a specific airline seniority list? I have a bit over 30 years left and I am aware that AA has 50% retiring in 7 years but what about after those years. Thanks.
02-28-2022, 04:32 AM
#117
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,457
02-28-2022, 07:08 AM
#119
Gets Weekends Off
Joined APC: Nov 2020
Posts: 1,755
Originally Posted by Sirius
Anyone know besides APC where one can see where they would retire on a specific airline seniority list? I have a bit over 30 years left and I am aware that AA has 50% retiring in 7 years but what about after those years. Thanks.
As you can read on this website, a company that uses just a couple or less types of planes makes for a longer upgrade overall as multi-type airlines seniority lists are spread out over different bases and types. Relative seniority in your base/type is the only thing that will control your QOL.
Pick a job based on where you want to live (and who hires you). If you can drive to work, your seniority will go further. If you can take living in the NE, your seniority will go further no matter what company you choose. If you can tell us what airlines will survive and thrive over the next 30yrs(an eternity in this business), that would be great info to know as well.
02-28-2022, 07:28 AM
#120
Gets Weekends Off
Joined APC: Jan 2014
Posts: 1,297
Originally Posted by nene
Trying to pick a company with a 30yr horizon based on perceived seniority is sorta a fools errand? At this point, most contracts are more similar than different (unless your considering freight haulers). Pensions (for those that had them) have been wiped by BK courts.
As you can read on this website, a company that uses just a couple or less types of planes makes for a longer upgrade overall as multi-type airlines seniority lists are spread out over different bases and types. Relative seniority in your base/type is the only thing that will control your QOL.
Pick a job based on where you want to live (and who hires you). If you can drive to work, your seniority will go further. If you can take living in the NE, your seniority will go further no matter what company you choose. If you can tell us what airlines will survive and thrive over the next 30yrs(an eternity in this business), that would be great info to know as well.
As you can read on this website, a company that uses just a couple or less types of planes makes for a longer upgrade overall as multi-type airlines seniority lists are spread out over different bases and types. Relative seniority in your base/type is the only thing that will control your QOL.
Pick a job based on where you want to live (and who hires you). If you can drive to work, your seniority will go further. If you can take living in the NE, your seniority will go further no matter what company you choose. If you can tell us what airlines will survive and thrive over the next 30yrs(an eternity in this business), that would be great info to know as well.
Thread
Thread Starter
Forum
Replies
Last Post
