AMR financial and schedule changes
09-22-2009 | 10:06 AM
#43
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Looks like the other gorilla is stirring a little:
United to Add Duluth, Asheville and Midland/Odessa to Global Network, Boost Flights at Chicago, Denver and Los Angeles Hubs - Yahoo! Finance
Not enough to show it's awake, but enough to show it still cares about Chicago. This dangerous game of tit-for-tat has finally escalated, to the point where 50-seaters are being deployed to Duluth...
United to Add Duluth, Asheville and Midland/Odessa to Global Network, Boost Flights at Chicago, Denver and Los Angeles Hubs - Yahoo! Finance
Not enough to show it's awake, but enough to show it still cares about Chicago. This dangerous game of tit-for-tat has finally escalated, to the point where 50-seaters are being deployed to Duluth...
09-22-2009 | 10:11 AM
#44
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On a slightly more serious note, I'm not sure I understand why AMR went for more debt, and especially why it felt obligated to issue more stock. They say this should put to rest any liquidity questions. Funny, but it doesn't look like that to me at all: it looks more like a sign of desperation. How is 2.9 million not enough for everything they wanted to do? I realize a lot of that is fleet financing, not cash, but I think they still got 1.25 billion. So, how is 1.25 billion not enough?
I'm mostly unhappy about the stock dilution, but I'm also puzzled.
I'm mostly unhappy about the stock dilution, but I'm also puzzled.
09-22-2009 | 10:58 AM
#45
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On a slightly more serious note, I'm not sure I understand why AMR went for more debt, and especially why it felt obligated to issue more stock. They say this should put to rest any liquidity questions. Funny, but it doesn't look like that to me at all: it looks more like a sign of desperation. How is 2.9 million not enough for everything they wanted to do? I realize a lot of that is fleet financing, not cash, but I think they still got 1.25 billion. So, how is 1.25 billion not enough?
I'm mostly unhappy about the stock dilution, but I'm also puzzled.
I'm mostly unhappy about the stock dilution, but I'm also puzzled.
A
09-22-2009 | 11:46 AM
#46
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Of course, some things make you go aaaaaaaaargh.
But I agree: looks like a potential spending spree. Although, "spree" sounds gleeful. This may be more of a binge, to keep JAL in oenworld, or one to inherit LCC. A binge leaves you feeling hungover, while a spree leaves you feeling rather satisfied.
And if we manage to return the favor on the TransAtlantic Pan Am binge that Crandall tricked Ron Allen into, well, it's all in good fun (I'm talking about the price tag, not questionning the acquisition).
But I agree: looks like a potential spending spree. Although, "spree" sounds gleeful. This may be more of a binge, to keep JAL in oenworld, or one to inherit LCC. A binge leaves you feeling hungover, while a spree leaves you feeling rather satisfied.
And if we manage to return the favor on the TransAtlantic Pan Am binge that Crandall tricked Ron Allen into, well, it's all in good fun (I'm talking about the price tag, not questionning the acquisition).
09-22-2009 | 01:12 PM
#47
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Of course, some things make you go aaaaaaaaargh.
But I agree: looks like a potential spending spree. Although, "spree" sounds gleeful. This may be more of a binge, to keep JAL in oenworld, or one to inherit LCC. A binge leaves you feeling hungover, while a spree leaves you feeling rather satisfied.
And if we manage to return the favor on the TransAtlantic Pan Am binge that Crandall tricked Ron Allen into, well, it's all in good fun (I'm talking about the price tag, not questionning the acquisition).
But I agree: looks like a potential spending spree. Although, "spree" sounds gleeful. This may be more of a binge, to keep JAL in oenworld, or one to inherit LCC. A binge leaves you feeling hungover, while a spree leaves you feeling rather satisfied.
And if we manage to return the favor on the TransAtlantic Pan Am binge that Crandall tricked Ron Allen into, well, it's all in good fun (I'm talking about the price tag, not questionning the acquisition).
Cheers,
AA
09-22-2009 | 04:45 PM
#48
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Now it's UsAirways...
US Airways sells 26.3 million shares to Citi - Yahoo! Finance
Will the new combined entity actually be called CitiAirlines, or will it retain the A'A name?
US Airways sells 26.3 million shares to Citi - Yahoo! Finance
Will the new combined entity actually be called CitiAirlines, or will it retain the A'A name?
09-22-2009 | 05:56 PM
#49
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From: My comfy old Barcalounger
I don't think there is a spending spree in AMR's future.I tend to think there will be an investment of some variety in JAL and the rest will be to help them through the long cold winter facing the industry.
