Stunning Rise of AA Stock
06-04-2020, 09:06 PM
#14
Line Holder
Joined APC: Mar 2014
Posts: 34
For July, American Airlines Group (NASDAQ:AAL) says it plans to fly 55% of its domestic schedule from last year and nearly 20% of its international schedule.
Key words...”says it plans...”
Watch what will happen next month...
in the mean time...
American Airlines (AAL), said that 4,500 pilots and flight attendants had taken an offer as of a month ago.
American Airlines recently notified 17,000 managers and support staff of plans to cut 30% of the jobs in their areas by fall. They were offered a choice of packages that could pay six months at one-third of their normal pay, along with 250,000 frequent flyer miles plus five years of travel benefits, or only three months at one-third pay, but with 21 months of health benefits and 10 years of travel benefits.
That was the carrot. The stick: Those who were involuntarily laid off would not get severance. And they would stay on payroll only through Sept. 30, when prohibitions against involuntary layoffs in the federal airline bailout bill expire.
Key words...”says it plans...”
Watch what will happen next month...
in the mean time...
American Airlines (AAL), said that 4,500 pilots and flight attendants had taken an offer as of a month ago.
American Airlines recently notified 17,000 managers and support staff of plans to cut 30% of the jobs in their areas by fall. They were offered a choice of packages that could pay six months at one-third of their normal pay, along with 250,000 frequent flyer miles plus five years of travel benefits, or only three months at one-third pay, but with 21 months of health benefits and 10 years of travel benefits.
That was the carrot. The stick: Those who were involuntarily laid off would not get severance. And they would stay on payroll only through Sept. 30, when prohibitions against involuntary layoffs in the federal airline bailout bill expire.
06-05-2020, 04:13 AM
#16
Line Holder
Joined APC: Mar 2014
Posts: 34
The May jobs report, out this morning, is expected to show the US economy shed another 8 million jobs over the month, bringing the tally of jobs lost during the pandemic to 28.5 million. That would push the unemployment rate to nearly 20%, a record high.
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
06-05-2020, 04:46 AM
#18
Gets Weekends Off
Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by nootpilot
The May jobs report, out this morning, is expected to show the US economy shed another 8 million jobs over the month, bringing the tally of jobs lost during the pandemic to 28.5 million. That would push the unemployment rate to nearly 20%, a record high.
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
Edit: I think you were using a survey of economists predicting the increase in rate and the unemployed. The actual report was much better than those predictions.
06-05-2020, 05:20 AM
#19
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,656
Originally Posted by nootpilot
For July, American Airlines Group (NASDAQ:AAL) says it plans to fly 55% of its domestic schedule from last year and nearly 20% of its international schedule.
Key words...”says it plans...”
Watch what will happen next month...
in the mean time...
American Airlines (AAL), said that 4,500 pilots and flight attendants had taken an offer as of a month ago.
American Airlines recently notified 17,000 managers and support staff of plans to cut 30% of the jobs in their areas by fall. They were offered a choice of packages that could pay six months at one-third of their normal pay, along with 250,000 frequent flyer miles plus five years of travel benefits, or only three months at one-third pay, but with 21 months of health benefits and 10 years of travel benefits.
That was the carrot. The stick: Those who were involuntarily laid off would not get severance. And they would stay on payroll only through Sept. 30, when prohibitions against involuntary layoffs in the federal airline bailout bill expire.
Key words...”says it plans...”
Watch what will happen next month...
in the mean time...
American Airlines (AAL), said that 4,500 pilots and flight attendants had taken an offer as of a month ago.
American Airlines recently notified 17,000 managers and support staff of plans to cut 30% of the jobs in their areas by fall. They were offered a choice of packages that could pay six months at one-third of their normal pay, along with 250,000 frequent flyer miles plus five years of travel benefits, or only three months at one-third pay, but with 21 months of health benefits and 10 years of travel benefits.
That was the carrot. The stick: Those who were involuntarily laid off would not get severance. And they would stay on payroll only through Sept. 30, when prohibitions against involuntary layoffs in the federal airline bailout bill expire.
Originally Posted by nootpilot
The May jobs report, out this morning, is expected to show the US economy shed another 8 million jobs over the month, bringing the tally of jobs lost during the pandemic to 28.5 million. That would push the unemployment rate to nearly 20%, a record high.
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
Originally Posted by WhiskeyDelta
So why am I seeing reports just now of the unemployment rate "unexpectedly" dropping to 13.3% and the economy adding 2.5 million jobs in May?
Edit: I think you were using a survey of economists predicting the increase in rate and the unemployed. The actual report was much better than those predictions.
Edit: I think you were using a survey of economists predicting the increase in rate and the unemployed. The actual report was much better than those predictions.
Leisure and hospitality workers made up almost half the increase, with 1.2 million going back to work after a reported loss of 7.5 million in April
Jobs in bars and restaurants increased by 1.4 million as states began to relax social distancing measures.
As for the "the one who shalt not be named", he is losing his touch.
06-05-2020, 05:46 AM
#20
Gets Weekends Off
Joined APC: Feb 2020
Posts: 498
Originally Posted by THKooj
AA stock more than 41% today. Absolutely stunning move coupled with the recent executive moves it shows AA is truly not just a force to be reckoned with but THE force to be reckoned with in the industry. Spectacular moves in the C suite and that only advances AA and Envoy as a premier carrier.
https://www.marketwatch.com/story/am...ver-2020-06-04
https://www.marketwatch.com/story/am...ver-2020-06-04
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