View Poll Results: Will AA declare bankruptcy?
Yes
219
70.65%
No
91
29.35%
Voters: 310. You may not vote on this poll
Bankruptcy
07-22-2021, 05:42 AM
#551
Gets Weekends Off
Joined APC: Jul 2021
Posts: 349
Originally Posted by Tranquility
ECD isn't wrong. Faux 'profits' are being reflected either by help of Uncle Sam or using EBITDA margin... Gotta look at adjusted non-GAAP numbers that probably reflect the real thing.
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
07-22-2021, 08:07 AM
#553
Gets Weekends Off
Joined APC: Jul 2015
Position: DHC-8 CA
Posts: 462
Originally Posted by OpieTaylor
Seems like they are making money based on obligated spending, and showed a loss based on voluntary spending.
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.
Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.
Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
10-21-2021, 04:10 AM
#554
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
10-21-2021, 05:50 AM
#555
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,469
Originally Posted by Al Czervik
10-21-2021, 06:03 AM
#556
Gets Weekends Off
Joined APC: Oct 2010
Posts: 1,121
Originally Posted by dera
Ouch. Hope the PSP keeps going. Those numbers do not look good.
Unfortunately that just means Isom takes over. Meet the new boss, same as the old boss.
10-21-2021, 06:13 AM
#557
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,469
Originally Posted by thrust
The rumors of Parker’s exit are heating up again.
Unfortunately that just means Isom takes over. Meet the new boss, same as the old boss.
Unfortunately that just means Isom takes over. Meet the new boss, same as the old boss.
This is the number he will leave as his legacy:
Long-term debt and finance leases, net of current maturities 36,047
10-21-2021, 06:43 AM
#559
Gets Weekends Off
Joined APC: Mar 2017
Posts: 429
Originally Posted by dera
Ouch. Hope the PSP keeps going. Those numbers do not look good.
It was a fairly strong quarter, but the money is being moved around with good finance/accounting techniques to set AA up better in the future.
10-21-2021, 06:45 AM
#560
It's 5 o'clock somewhere
Joined APC: Oct 2020
Posts: 1,853
Third-quarter net profit of $169 million, or $0.25 per diluted share. Excluding net special items1, third-quarter net loss of $641 million, or ($0.99) per share.
Things don't look good long term over there. Almost every other airline is on the brink of breaking even, without the government cheese.
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