TWFirst From Vatican City State (Holy See), joined Apr 2000, 6026 posts, RR: 57 Posted (4 years 4 months 1 week 5 days 17 hours ago) and read 888 times:
So, now we have:
AA, CO, WN, HP, and B6 (I believe they've surpassed TZ as #10... maybe not) reporting 2Q PROFITS!
That is not insignificant.... especially the #1 and #5 legacies. In addition, I believe FL is also profitable.
It really puts the conditions of UA, DL, NW and US into perspective. If all your competitors are losing money, that's one thing... but if half of your competitors are making money, and you're continuing to lose hundreds of millions of dollars (ahem.. Delta.. cough)... CODE RED.
Very positive signs from a macro perspective, IMO.
Ssides From United States, joined Feb 2001, 3861 posts, RR: 33 Reply 1, posted (4 years 4 months 1 week 5 days 17 hours ago) and read 831 times:
Positive, yes. But there's still a ways to go.
Don't get me wrong -- these profitable airlines should be congratulated for their hard work, particularly AA and CO, who were able to reach this milestone without declaring bankruptcy (which proves, IMHO, that bankruptcy in these cases was a mere 'crutch' for the airlines, delaying the real necessary reforms). Everyone, both unions and the management, deserve kudos for their sacrifices and hard work.
That being said, this is still a difficult environment for the airlines, and no one knows whether these profits are merely a spike or a signal of long-term improvement. Hopefully, when 3Q reports come in covering the summer months, these profits will grow.
TWFirst From Vatican City State (Holy See), joined Apr 2000, 6026 posts, RR: 57 Reply 2, posted (4 years 4 months 1 week 5 days 17 hours ago) and read 815 times:
Quoting Ssides (Reply 1): That being said, this is still a difficult environment for the airlines, and no one knows whether these profits are merely a spike or a signal of long-term improvement. Hopefully, when 3Q reports come in covering the summer months, these profits will grow.
Agreed... but in the cases of AA and CO for example... they've been trending towards profitability for a few quarters (and of course WN and B6 are givens)... while NW and DL seem to be trending the opposite way.
AbirdA From United States, joined Jul 2005, 251 posts, RR: 6 Reply 3, posted (4 years 4 months 1 week 5 days 17 hours ago) and read 781 times:
Quoting TWFirst (Reply 2): while NW and DL seem to be trending the opposite way.
Indeed, NW and DL seem to be trending toward the losses.
And then there's UA, a company that has trended toward nothing but stupidity during its three years of cowering away from the competition and the industry while hiding behind bankruptcy laws. People are always starting threads about how UA is about to exit from bankruptcy and has a plan all ready to go, and the reporters keep reporting that crap too. GIVE ME A BREAK. Who could honestly argue that UA is in any better shape than the day they filed? I'd say they're in worse shape. Labor issues, stoppages and slow-downs, involuntary loss of widebodied aircraft, millions of additional dollars down the drain and continual attempts at new, unsuccessful strategies, instead of buckling down and trying to do just one thing correctly.
It's time to wave goodbye to United. They should end it now.
SonOfACaptain From United States, joined May 2004, 1747 posts, RR: 7 Reply 4, posted (4 years 4 months 1 week 5 days 11 hours ago) and read 595 times:
Quoting AbirdA (Reply 3): It's time to wave goodbye to United. They should end it now.
Didn't some of you a.netters say that US should have just ended it a few years ago, that there was no hope. Now it looks like US will be here for years to come. You guys give up on airlines way to easily. It isn't over until the fat lady sings, and she ain't even warming up yet.
Quoting Ssides (Reply 1): (which proves, IMHO, that bankruptcy in these cases was a mere 'crutch' for the airlines, delaying the real necessary reforms).
Actually, it has not been a crutch for UA, rather the bain of its existance. AA and CO were both in similar positions to UA when UA filed for Chapter 11 and could have just as easily done the same. Chapter 11 is costing UA hundreds of millions in legal costs, etc. while the other carriers are not burdened in the same way. If they had not gone into BK, it is likely that they would be in a similar position to AA right now.
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
Starrion From United States, joined Jul 2003, 912 posts, RR: 0 Reply 8, posted (4 years 4 months 1 week 5 days 10 hours ago) and read 488 times:
I think the industry has leveled out. If fuel prices decline then we will start to see an across the board positive rate of climb in profits. The needle is just hovering there. Older and less fuel efficient planes are leaving the fleets and the overcapacity is pretty much gone.
I think the worst is over --provided-- the economy doesn't tank.
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