American finds cash cushion
05-21-2020, 08:46 PM
#21
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,469
Originally Posted by AirBear
Dumb question here, but why is the Advantage program so valuable? I have 211K miles with AA, it seems like that'd be a liability since I could use it for several free trips.
05-22-2020, 02:23 AM
#22
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
https://www.google.com/amp/s/simplef...ng-points/amp/
Looks like all those obnoxious credit card sales pitches pay off.
Looks like all those obnoxious credit card sales pitches pay off.
05-22-2020, 04:06 AM
#23
Gets Weekends Off
Joined APC: Mar 2014
Posts: 774
Originally Posted by senecacaptain
company management will always cheer-lead the company in public, in the media, etc. a CEO will never say "gee, we will be bankrupt soon" or "we kinda suck as a company"
the most important job of a CEO is do whatever it takes, within the law, to maintain shareholder value. CEO's get canned when shares tank.
the most important job of a CEO is do whatever it takes, within the law, to maintain shareholder value. CEO's get canned when shares tank.
Since Parker gets paid in stock, does he cash it out right away or does he sit on it? Depending on how many he’s sitting on, he could be wiped out in a bankruptcy.
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05-22-2020, 04:24 AM
#24
Gets Weekends Off
Joined APC: Jan 2017
Posts: 546
Originally Posted by bababouey
Since Parker gets paid in stock, does he cash it out right away or does he sit on it? Depending on how many he’s sitting on, he could be wiped out in a bankruptcy.
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05-22-2020, 04:43 AM
#25
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
Originally Posted by bababouey
Since Parker gets paid in stock, does he cash it out right away or does he sit on it? Depending on how many he’s sitting on, he could be wiped out in a bankruptcy.
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plus, remember all the bonuses upper management gets for "navigating the company thru this storm" etc etc.
05-22-2020, 09:51 AM
#27
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,944
Originally Posted by Happyflyer
I think it's one of the reasons TWA went out of business.
A guy running it sold future seats to a bunch of travel agency company's, including some he owned, cheap, for money right now.
Then later the airline barley owned any inventory to sell because so many seats had been presold, but booking company's made a killing because the seats were theirs to charge and markup for.
A guy running it sold future seats to a bunch of travel agency company's, including some he owned, cheap, for money right now.
Then later the airline barley owned any inventory to sell because so many seats had been presold, but booking company's made a killing because the seats were theirs to charge and markup for.
Ask me how I know...
05-22-2020, 10:12 AM
#28
Gets Weekends Off
Joined APC: Jun 2018
Position: 757/767
Posts: 537
Originally Posted by AllYourBaseAreB
Parker has cashed out many 10’s of millions of $ of stock over the years. Judging by the way he dresses, he’ll be fine
05-22-2020, 10:25 AM
#29
Banned
Joined APC: Jun 2015
Posts: 482
Originally Posted by AAL24
Parker has sold about $150 million in AAL stock.
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