Thoughts and Questions on the AMR 3rd Quarter Postings
10-15-2008 | 08:20 AM
#1
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From: P-p-piiilatusss
Thoughts and Questions on the AMR 3rd Quarter Postings
"Today we reported a third quarter profit of $45 million. This result includes a number of special items, including a $432 million gain from the sale of American Beacon Advisors. Excluding these one-time items, we posted a $360 million loss during the quarter."
I am a little confused...it says there was a $45 million profit but then a $360 million loss...can somebody clarify this?
In the yahoo article it said there was only a $27 million gain from the schedule reductions...it seems as if that isn't exactly the gain they were hoping for or did they make out better than expected?
In the EagleWire Peter Bowler said that after Nov. 1st Eagle pilots can expect a "flat" schedule going into '09...is that to say we should not expect anymore changes? Or can we expect a lot less flying???
I am a little confused...it says there was a $45 million profit but then a $360 million loss...can somebody clarify this?
In the yahoo article it said there was only a $27 million gain from the schedule reductions...it seems as if that isn't exactly the gain they were hoping for or did they make out better than expected?
In the EagleWire Peter Bowler said that after Nov. 1st Eagle pilots can expect a "flat" schedule going into '09...is that to say we should not expect anymore changes? Or can we expect a lot less flying???
10-15-2008 | 08:26 AM
#2
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From: A320 CA
"Today we reported a third quarter profit of $45 million. This result includes a number of special items, including a $432 million gain from the sale of American Beacon Advisors. Excluding these one-time items, we posted a $360 million loss during the quarter."
I am a little confused...it says there was a $45 million profit but then a $360 million loss...can somebody clarify this?
In the yahoo article it said there was only a $27 million gain from the schedule reductions...it seems as if that isn't exactly the gain they were hoping for or did they make out better than expected?
In the EagleWire Peter Bowler said that after Nov. 1st Eagle pilots can expect a "flat" schedule going into '09...is that to say we should not expect anymore changes? Or can we expect a lot less flying???
I am a little confused...it says there was a $45 million profit but then a $360 million loss...can somebody clarify this?
In the yahoo article it said there was only a $27 million gain from the schedule reductions...it seems as if that isn't exactly the gain they were hoping for or did they make out better than expected?
In the EagleWire Peter Bowler said that after Nov. 1st Eagle pilots can expect a "flat" schedule going into '09...is that to say we should not expect anymore changes? Or can we expect a lot less flying???
10-15-2008 | 12:40 PM
#4
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From: Light Cessnas (Left & Right Seats)
No, the magazine is American Way. American Beacon is/was an investment fund company. American Beacon
10-15-2008 | 01:29 PM
#5
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From: Reclined
It means that without the sale of the American Beacon funds they posted a 380M loss.... it also means AMR is still on a continuing path of divesting all assets other than American Airlines... which basically means they are setting the stage for a "do it our way, or face BK" form of future negotiations.
