No, 2015 AAL Q1-Q4 Reported Net Profit was a record $7.6 Billion.

Even so, the stock price dropped throughout the year as investors showed a lack of confidence in the reported financials.

Doug chose to take his compensation entirely in AAL stock, a move which was meant to show investors his confidence in the airline as they lag behind the rest of the industry. His compensation of 207,000 AAL shares lost $2M in value during a record profit year. In 2015 AAG increased capacity, yet saw a decrease in revenue. Many anaylsts are calling for a reduction in capacity to improve RASM.

Is it a surprise that a man compensated entirely in stock value would be listening to shareholders? Not necessarily a bad thing overall, but when you understand his desire to please shareholders is greater than his desire to please his employees you will understand the reasoning behind making the decisions he does and how it will effect your career.

He is following the desire of analysts to reduce capacity and PSA will not become a 150 plane airline. No official announcement has yet been made because they prefer a slow transition to the reduced staffing model through modest attrition rather than a detremental effect on performance caused by a mass exodus of pilots who suddenly realize the career projections they had been sold to come to PSA have changed and they now have a better opportunity elsewhere.

TL/DR: AAL record $7.6B profit but stock price fell, Doug paid only in stock, investors want AAG to shrink, PSA fleet plan will shrink, pilots should consider other options

 

This guy is spot on.I have several friends there and they have accepted other jobs, just waiting on class dates. The fast upgrade train is loooooonng gone now expect 1 to 2years reserve and about 3year upgrade now.
The remaining 700s will stay at envoy because psa can't staff accordingly. First year pay is only 2 per hour above what Mesa pays.
There are soon many better options out there right now. Clt is their only commutable base ,the other bases are horrific for commuters.
I would look at pdt or envoy before I went to psa if I were looking for a job right now.
If you want to put up with a lot of bs,and have cp"'s who don't look out for you and be micromanaged like you wouldn't believe, then psa is the place for you. Otherwise, look elsewhere, you will be glad you did.

 

I wouldn't look at any of the AAG wholly owneds if I were choosing an airline right now... Envoy and Piedmont have plenty of problems of their own.

 

The more guys that leave here, the more likely we are to get some better news....that is exactly what happened at Endeavor, regionals rotate.

 

Yea better news like, "don't worry. Quick upgrades will continue as we have entered into a working agreement to issue work visas to Chinese and Indian student pilots." The rotating FO pool is waning thin too. The cycle is too fast now. I don't think there will be too much more lateral movers.

 

Beyond all the insults, name calling, and childish behavior on this forum the one thing that really gets me is the way some comment with such certainty. I mean, if you guys have this all figured out then why h are you pilots and not on Wall Street? I am genuinely curious as to where that attitude stems from. Is it the giant ego that most pilots, myself not excluded, tend to come with? The most ironic part is that this may be the most uncertain industry on the planet outside of a few others yet some clearly think they have it figured out. It's an interesting dynamic for sure. We live in a world ruled by manuals and checklists yet our futures are so fluid that one couldn't possibly even know what will happen tomorrow, let alone in months.

 

What do you think a message board/public forum should consist of? News feeds? Ticker tape? Extra Extra: Titanic Disaster great loss of life? No. This is where we come to debate ideas, shower one another with insults and speculation, answer questions, offer questions, etc., and a myriad of gossip and attitudes will not be in short supply. So check your mic, you're transmitting on guard.

 

Where are your friends making the move to? At Mesa a lot of pilots are also looking to move even if it's lateral because there are so many better options right now. They are realizing the fast upgrades are probably over. Just wondering where people are jumping to.

 

I agree that insults, name calling, and childish behavior do nothing benificial for any serious discussion. To me these forums are a great source of information about a pilot's personal perspective on their career. Everyone will have different view points, opinions, and persepective based on their experiences. Not all will be correct, and many may just use this forum to vent frustrations, however I believe there is a great opportunity to gain insight through the aggregate of posts.

I have never claimed to know the future or have absolute certainty about the opions I have expressed. I have been wrong many times in the past and I am sure I will be wrong again. But I did spend the beginning of my career working for an investment firm located downtown in New York and from my time there I learned much about analyzing the censored news stories and proxys corporation will print and that a true valuation of a company is made more clearly by using multiple sources of information and the using your own knowledge and experience. I also learned that money is not everything, and left that career path to pursue other interests.

The aerospace industry is certainly one of the most interesting to analyze because of the volatility of multiple factors that effect its performance. The effect of unpredictable rulers of oil rich nation states' output on the global fuel prices, the management and union strategies, global competition, and the consumers' constantly changing tastes combine in a capital intensive industry which is very unpredictable long term and very interesting to speculate on. Yet it is not impossible to link many pieces of information together combined with personal experience to create an opinion which may or may not be true. But I believe there is value to others opinions and I will continue to share mine and allow you to chose for yourself wether mine has value as well.

TL/DR This forum can have good information or just be vented frustration, you choose what value it has.

 

If PSA could figure out that Endeavor FO pay is the new normal they'd probably come right over here. Still have 45+ deliveries on the books.