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AMR Posts Q3 2008 Results  
User currently offlinePanamair From United States of America, joined Oct 2001, 4792 posts, RR: 25
Posted (5 years 6 months 6 days 11 hours ago) and read 2158 times:
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AMR reported an overall net profit of $45 million for Q3 2008, mostly reflecting the gain from the sale of its American Beacon Advisors unit for $432 million.

http://biz.yahoo.com/prnews/081015/law021.html?.v=101

Net Profit = $45 million
Net Loss (excluding special items) = $360 million

Operating Loss = $216 million
Operating Loss (excluding special items) = $189 million

5 replies: All unread, jump to last
 
User currently offlineFleet Service From United States of America, joined Apr 2000, 622 posts, RR: 2
Reply 1, posted (5 years 6 months 6 days 11 hours ago) and read 2141 times:

RASM up 10.9% YOY and Q3 fuel expense up $1.1 Billion YOY.

Hell, if they paid last years prices for fuel they'd have made a bundle.



Yes, I actually *do* work for an airline,how about you?
User currently offlineIkramerica From United States of America, joined May 2005, 21416 posts, RR: 60
Reply 2, posted (5 years 6 months 6 days 11 hours ago) and read 2141 times:

It'll be interesting to see if lower fuel prices this quarter are canceled out by hedges going bad and a slowing world economy. With holidays and many customers already booked for the quarter, I would guess the real impact of the economy will be felt in the quarter after next.


Of all the things to worry about... the Wookie has no pants.
User currently offlinePlanemaker From Tuvalu, joined Aug 2003, 5925 posts, RR: 34
Reply 3, posted (5 years 6 months 6 days 9 hours ago) and read 1934 times:



Quoting Ikramerica (Reply 2):
With holidays and many customers already booked for the quarter, I would guess the real impact of the economy will be felt in the quarter after next.

What will be interesting is that capacity will be further cut and yields will increase while fuel costs will continue to drop.



Nationalism is an infantile disease. It is the measles of mankind. - A. Einstein
User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5215 posts, RR: 7
Reply 4, posted (5 years 6 months 5 days 21 hours ago) and read 1586 times:

AMR was much more concerned with declining traffic than DL seemed to be during their respective conference calls.

AMR (Arpey, specifically) made a big deal of telling analysts that the financial community remembers who paid them back and who didn't. Not sure what point he was trying to make. The formerly bankrupt airlines seem to have sufficient credit available.



Consilivm: Cave ne nothi te vexant
User currently offlineSsides From United States of America, joined Feb 2001, 4059 posts, RR: 21
Reply 5, posted (5 years 6 months 5 days 17 hours ago) and read 1512 times:



Quoting MasseyBrown (Reply 4):
The formerly bankrupt airlines seem to have sufficient credit available.

They do, but AFAIK their assets are much more heavily leveraged than AMR's.



"Lose" is not spelled with two o's!!!!
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