2020 Reported Earnings at Big 3
01-28-2021, 03:15 AM
#1
You scratched my anchor
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Joined APC: Feb 2011
Posts: 4,876
2020 Reported Earnings at Big 3
Not pretty year.
2020 Earnings (loss)
AA
4Q (2.2B)
2020 (8.9B)
DL
4Q (755m)
2020 (12.39B)
UAL
4Q (1.9B)
2020 (7.07B)
2020 Earnings (loss)
AA
4Q (2.2B)
2020 (8.9B)
DL
4Q (755m)
2020 (12.39B)
UAL
4Q (1.9B)
2020 (7.07B)
Last edited by Al Czervik; 01-28-2021 at 03:27 AM.
01-28-2021, 07:54 AM
#4
Gets Weekends Off
Joined APC: Nov 2010
Posts: 1,170
Originally Posted by ROFF
I forgot.
Are brackets good or bad?
Red is bad for sure.
Are brackets good or bad?
Red is bad for sure.
01-28-2021, 11:17 AM
#6
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Joined APC: Nov 2015
Posts: 1,120
Kind of lost in the earnings numbers is the fact that not only does SWA have about $13Bn in cash on hand, if they paid back all the loans they'd STILL have around $3Bn in cash.
During the earnings call they noted that as other airlines aggressively shrink, SWA's insourcing business model means they will lose CASM advantage. Contractors can be downsized far more quickly than full time employees of the company, so during a rapidly shrinking environment SWA's cost advantages decrease. The upside however is that when things pick back up, SWA will be first out of the gate to take advantage of improving conditions and would also then see cost advantages come back.
During the earnings call they noted that as other airlines aggressively shrink, SWA's insourcing business model means they will lose CASM advantage. Contractors can be downsized far more quickly than full time employees of the company, so during a rapidly shrinking environment SWA's cost advantages decrease. The upside however is that when things pick back up, SWA will be first out of the gate to take advantage of improving conditions and would also then see cost advantages come back.
01-28-2021, 12:05 PM
#7
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Joined APC: Oct 2019
Posts: 414
Originally Posted by Al Czervik
Not pretty year.
2020 Earnings (loss)
AA
4Q (2.2B)
2020 (8.9B)
DL
4Q (755m)
2020 (12.39B)
UAL
4Q (1.9B)
2020 (7.07B)
2020 Earnings (loss)
AA
4Q (2.2B)
2020 (8.9B)
DL
4Q (755m)
2020 (12.39B)
UAL
4Q (1.9B)
2020 (7.07B)
BA
4Q (8.4B)
2020 (11.9B)
01-28-2021, 12:33 PM
#8
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Joined APC: Jan 2016
Posts: 234
Originally Posted by Texasbound
The only airline that doesn't fly the MAX lost more in 2020 than Boeing.
BA
4Q (8.4B)
2020 (11.9B)
BA
4Q (8.4B)
2020 (11.9B)
01-28-2021, 03:11 PM
#9
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Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,394
Originally Posted by sobo
Delta lost so much because of their investments in foreign airlines that went bankrupt, IRCC.
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