Q3 2023 Earnings
10-31-2023 | 05:54 AM
#131
On Reserve
Joined: Jun 2008
Posts: 142
Likes: 19
Q2 earnings = 19% profit margin
I don't know of any other airline with higher margins and you say they are hurting? Q3 earnings aren't out yet, will be released Thursday.
10-31-2023 | 06:01 AM
#132
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Doesn't matter if it's for different reasons if neither company can come close to making a profit. Now you are going to merge with billions in merger expenses ?? How on earth do you think this model will make money?? A giant JetBlue that hasn't been profitable for a long time.
10-31-2023 | 07:14 AM
#133
Line Holder
Joined: Apr 2013
Posts: 759
Likes: 52
Maybe by firing the entire management starting with the CEO. Besides that what are you going to do?? They've been going downhill for many years in terms of money.
10-31-2023 | 07:47 AM
#134
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
10-31-2023 | 09:50 AM
#135
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
Doesn't matter if it's for different reasons if neither company can come close to making a profit. Now you are going to merge with billions in merger expenses ?? How on earth do you think this model will make money?? A giant JetBlue that hasn't been profitable for a long time.
10-31-2023 | 01:16 PM
#136
Gets Weekends Off
Joined: Nov 2020
Posts: 2,248
Likes: 103
Why are you so drunk on the ULCC koolaide? It’s a garbage product that customers love to hate as much as the DMV. Its success depends upon finding an endless number of passengers to anger and you and every other employee making less than their peers. It’s in the definition. Ultra Low Cost. Airbus isn’t cutting is a deal. The oil company isn’t cutting us a deal. That cost savings only comes in the form of efficiency (southwest) but we have incompetent management, and savings on labor.
Often travelers pay more to park their car at the airport or at the hotel at their destination or their dinner than they did for the ticket price quoted.
That alone gives people pause when considering their fate in planning their trip.
11-01-2023 | 06:52 AM
#137
Line Holder
Joined: Apr 2007
Posts: 1,412
Likes: 12
From: A320
B. Are you saying the ULCC model CAN work? Just not on Tuesdays and Saturdays. Shhhh don’t let that get out in that B6/NK hearing.
11-01-2023 | 07:18 AM
#138
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Wow, I'm sure it just never occurred to ULCC management that they could try and offer more flights... I'm sure they never thought or tried or analyzed that incredible idea... I'm sure it's just THAT simple. ULCCs are having a demand problem, too much capacity, not enough demand. I'm sure all it takes to fix that is offering 2-3x more flights!
11-01-2023 | 07:20 AM
#139
Almost there
Joined: Apr 2021
Posts: 2,009
Likes: 142
A. My bad. I usually don’t directly regurgitate what unverified sources say to me. Seemed legit. He’d mentioned aircraft being parked due to low demand.
B. Are you saying the ULCC model CAN work? Just not on Tuesdays and Saturdays. Shhhh don’t let that get out in that B6/NK hearing.
B. Are you saying the ULCC model CAN work? Just not on Tuesdays and Saturdays. Shhhh don’t let that get out in that B6/NK hearing.
And even with F9s operation being as bad as it has been they are currently still profitable this year albeit no where near Allegiant margins.
11-01-2023 | 07:44 AM
#140
Line Holder
Joined: Apr 2007
Posts: 1,412
Likes: 12
From: A320
Got a sneaking suspicion, it’s because they don’t have an argument to make in court. Ever seen a soccer player in agony on the ground, then benefit from the foul and suddenly they are in ship shape. 3 main ULCC brands in the US. 2 are in the black. The one in the red is also in negotiations. I’m all for whatever benefits us as whole. But man, pilots are some of the dumbest smart people ever.
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