Furlough Estimates
#1011
On Reserve
Joined: Jan 2018
Posts: 22
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True, my wife texted me about the delay about 30 seconds after my phone dinged with the email.
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#1012
#1013
On Reserve
Joined: Jan 2018
Posts: 22
Likes: 0
Also, to give APA a break on that, my wife was a key spouse when I was military and can say from experience that the strength of the spouse rumor mill is not unique to AA.
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#1014
Line Holder
Joined: Jun 2014
Posts: 592
Likes: 1
#1015
Pipe dream. It’s in nobody’s agenda and it’s not included in any legislation save HEROES and that’s DOA. That said, I’m hoping this post ages badly.
#1016
FC, I have worked under Parker since the day he became a CEO, 19+ years ago. What is no longer speculative is his business strategy - a strategy that flat out does not plan for anything but usual economic events. There is no contingency planning as that would impact debt servicing and/or stock buy backs. Three times now he has been completely unprepared for black swan events, and three times now his airline financials have been exposed as having no margin to withstand anything beyond a normal, macro economic environment. Black swan events are completely off his radar, and that's likely why he would make a perverse statement that AA would never lose money again. In his mind that was true, but with the condition that the macro picture didn't have any black swans in it. This is why most of us pilots froze when we heard his proclamation because we sure as heck can't go to work thinking that nothing out of the ordinary will occur. It can, and over time certainly will in a long enough career.
So, my suspicion is that AA is in a very poor financial situation as that's exactly what the last two black swan events revealed. It explains the disconnect between AA's furloughs and just about everybody else. It explains why Parker could care less about the horrible optics of the two codeshares with airlines that aren't furloughing while AA is - deeply. The problem now is that this swan is much bigger and angrier than the last two.
So, my suspicion is that AA is in a very poor financial situation as that's exactly what the last two black swan events revealed. It explains the disconnect between AA's furloughs and just about everybody else. It explains why Parker could care less about the horrible optics of the two codeshares with airlines that aren't furloughing while AA is - deeply. The problem now is that this swan is much bigger and angrier than the last two.
#1017
#1018
Not sure I would use the Post Office as an example ... I'm expecting the guy that was just put in charge of the PO to maybe find a way to destroy their performance and get them further into the red ... Then propose privatizing said PO.
#1020
But it’s national infrastructure. Kinda like the airlines... oh wait.
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