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AMR Posts First Annual Profit Since 9/11  
User currently offlineUA777300ER From Belgium, joined Jun 2006, 96 posts, RR: 0
Posted (7 years 7 months 1 week 2 days 18 hours ago) and read 3174 times:

Did a search, nobody seems to have picked this up already:

http://biz.yahoo.com/ap/070117/earns_amr.html?.v=3

13 replies: All unread, jump to last
 
User currently offlineIAHFLYR From United States of America, joined Jun 2005, 4790 posts, RR: 22
Reply 1, posted (7 years 7 months 1 week 2 days 18 hours ago) and read 3149 times:

Congrats to AA, here's hoping all the TX carriers follow along with profits as they have in recent quarters.

The CO webcast is set for 1/18 to announce their 4th quarter and yearly financial results.   

[Edited 2007-01-17 15:29:19]


Any views shared are strictly my own and do not a represent those of any former employer.
User currently offlineUnited777atGU From United States of America, joined Oct 2006, 183 posts, RR: 1
Reply 2, posted (7 years 7 months 1 week 2 days 18 hours ago) and read 3149 times:

Good Job AA! I bet that was a nice, unexpected result since they thought they were going to be in the red for another quarter! It's nice to be on the black side...Congrats and well deserved.


Speechless
User currently offlineAA787823 From , joined Dec 1969, posts, RR:
Reply 3, posted (7 years 7 months 1 week 2 days 18 hours ago) and read 3134 times:

Gongrats to all AA-ers! great work!. But still a LONG way to go. A $231m annual profit is only about a 3% pre tax margin, which is not sustainable for long term growth and prosperity.

User currently offlineUA777300ER From Belgium, joined Jun 2006, 96 posts, RR: 0
Reply 4, posted (7 years 7 months 1 week 2 days 18 hours ago) and read 3099 times:

Quoting AA787823 (Reply 3):
But still a LONG way to go. A $231m annual profit is only about a 3% pre tax margin, which is not sustainable for long term growth and prosperity.

Do you happen to know what the historical margin for the airline industry is? Would be interesting to compare.


User currently offlineTeamAmerica From United States of America, joined Sep 2006, 1761 posts, RR: 23
Reply 5, posted (7 years 7 months 1 week 2 days 17 hours ago) and read 3001 times:

Kudos to AA for avoiding bankruptcy and maintaining pensions and benefits for their employees. That said...

Quoting AA787823 (Reply 3):
A $231m annual profit is only about a 3% pre tax margin, which is not sustainable for long term growth and prosperity.

Absolutely correct. 2006 was about as good as we can expect, and yet the profits are pitiful. The only real hope is if fuel prices come down and stay down - and I'm a bear on that topic. I also fear the unions taking these meager profits and arguing as if there is a bucket of money to draw from.



Failure is not an option; it's an outcome.
User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 6, posted (7 years 7 months 1 week 2 days 17 hours ago) and read 2986 times:

Sure its a long way to go but its a start. Intresting to see how CO and Ua's look like.

User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 7, posted (7 years 7 months 1 week 2 days 16 hours ago) and read 2956 times:

Congratulations to AA on making a profit, I'm hope my monthly travels on AA is contributing to the bottom line... Smile

Quoting TeamAmerica (Reply 5):
The only real hope is if fuel prices come down and stay down - and I'm a bear on that topic.

As an oil trader, I don't see oil spiking back as high as it did previously...at least not right now...a $45-$50 range would be just what the doctor ordered for almost all of the carriers....

Quoting AA787823 (Reply 3):
A $231m annual profit is only about a 3% pre tax margin, which is not sustainable for long term growth and prosperity.

Back when I was investing in air carriers in the mid 90's, I would see 6%-7% margins..nothing more....



"Up the Irons!"
User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 8, posted (7 years 7 months 1 week 2 days 16 hours ago) and read 2880 times:

Seems all is not too rosie with the pilots Union though

http://biz.yahoo.com/bw/070117/20070117005730.html?.v=1

Is this the start of a big spat with management, the China route case may have just been the the start of the problems between the two, anybody got any insight here?


User currently offlineBA787 From United Kingdom, joined Jun 2006, 2596 posts, RR: 7
Reply 9, posted (7 years 7 months 1 week 2 days 15 hours ago) and read 2870 times:

Excellent, about time they managed it, god knows they been trying long enuff. Hopefully it will continue to go from strength to strength

User currently offlineAA1818 From Trinidad and Tobago, joined Feb 2006, 3432 posts, RR: 4
Reply 10, posted (7 years 7 months 1 week 2 days 15 hours ago) and read 2840 times:

Congrats to AA. I am a loyal AA flyer though on occassion I use CO. Its great to see AA on the road to making a full recovery.

$231mn in annual profits...hmm..what od u expect CO, DL, UA and US' figures to be? What is SW's profit figure?

AA1818



“The moment you doubt whether you can fly, you cease for ever to be able to do it.” J.M. Barrie (Peter Pan)
User currently offlineRichierich From United States of America, joined Nov 2000, 4247 posts, RR: 6
Reply 11, posted (7 years 7 months 1 week 2 days 15 hours ago) and read 2775 times:

Quoting AA787823 (Reply 3):
Gongrats to all AA-ers! great work!. But still a LONG way to go. A $231m annual profit is only about a 3% pre tax margin, which is not sustainable for long term growth and prosperity

I concur (except I spell congrats with a "C"!)  Smile
This is only one step in the full recovery process and while it is encouraging, you also have to keep it in proportion. Still, it beats a loss any day!



None shall pass!!!!
User currently offlineElmoTheHobo From United States of America, joined Aug 2006, 1537 posts, RR: 1
Reply 12, posted (7 years 7 months 1 week 2 days 7 hours ago) and read 2571 times:

This is great but they still need to get their debt under control. They paid 250 million in interest in the fourth quarter alone, meaning they are spending as much in three months as they make in an entire year on interest.

But absolutely great, their great performance is helping me get through college!


User currently offlineJAAlbert From United States of America, joined Jan 2006, 1573 posts, RR: 1
Reply 13, posted (7 years 7 months 1 week 2 days 6 hours ago) and read 2515 times:

Jeez, the company still has $18 billion in debt??? Yikes! How in the world will it ever pay that sum off?

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