2020 Reported Earnings at Big 3
01-28-2021 | 03:15 AM
#1
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You scratched my anchor
Joined: Feb 2011
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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
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Safe to assume those are losses. Not sure on the others, but DL says 3Q 2021 miiiiight turn a profit though of course would still be a loss for the year as a whole I'd expect. I'll believe a profitable quarter when I see it, but hopefully we're all starting to put the bad times behind us.
01-28-2021 | 11:17 AM
#6
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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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01-28-2021 | 12:33 PM
#8
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01-28-2021 | 03:11 PM
#9
Gets Weekends Off
Joined: Nov 2012
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From: 1900D CA
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