1st Quarter Results
04-30-2020, 08:38 AM
#5
Gets Weekends Off
Joined APC: Jul 2012
Posts: 370
Yep, I was hoping the extra cargo flying would help enough to slightly beat estimates, but nope. At this point I’d be surprised if there are no furloughs and downgrades in the fall. I think like every other airline we’re going to be lot smaller.
04-30-2020, 01:44 PM
#7
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Joined APC: Dec 2019
Posts: 1,318
Highlights are 1.1 Billion net loss excluding special items.
Ended Q1 with 6.8 Billion available liquidity.
Secured right to access 10.6 Billion in financial assistance through the CARES Act.
39,000 employees took LOA and early outs.
E190, 757/767, A330-300 retiring. (Nothing new).
Q2 losses will be worse.
Ended Q1 with 6.8 Billion available liquidity.
Secured right to access 10.6 Billion in financial assistance through the CARES Act.
39,000 employees took LOA and early outs.
E190, 757/767, A330-300 retiring. (Nothing new).
Q2 losses will be worse.
04-30-2020, 06:14 PM
#8
Gets Weekends Off
Joined APC: Apr 2013
Posts: 519
Originally Posted by Sniper66
similar to UAL with the write offs
2.1 on a 8.4 I think it was
the next qt will be a blood bath
2.1 on a 8.4 I think it was
the next qt will be a blood bath
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05-01-2020, 06:57 AM
#10
Gets Weekends Off
Thread Starter
Joined APC: Mar 2014
Posts: 774
Originally Posted by PontiusPilot
I can only imagine how bad Q2 will be.
It will be atrocious, but I think you want to focus on liquidity in the near term. As long as they can keep some cash on hand, we survive. The debt payments may be too big of burden one day, but that’s tomorrow’s problem.
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