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AMR 2nd Q2012 Financial Results  
User currently offlinePIEAvantiP180 From United States of America, joined Sep 2009, 533 posts, RR: 0
Posted (2 years 1 month 1 week 5 days 21 hours ago) and read 4239 times:
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95mil profit ex specials
336mil restructuring cost
net loss of 241mil compared to 286mil for 2nd Q2011
revenue of 6.45B - highest ever for AMR

ended 2nd Q2012 with 5.8B cash with 772mil restricted

http://www.bloomberg.com/news/2012-0...age-fares-increase.html?cmpid=yhoo

10 replies: All unread, jump to last
 
User currently offlineexFWAOONW From United States of America, joined Nov 2009, 404 posts, RR: 0
Reply 1, posted (2 years 1 month 1 week 5 days 13 hours ago) and read 3806 times:

Still a lot of red ink, but at least they're trending in the right direction.


Is just me, or is flying not as much fun anymore?
User currently offlineCALPSAFltSkeds From United States of America, joined Dec 2006, 2619 posts, RR: 9
Reply 2, posted (2 years 1 month 1 week 5 days 13 hours ago) and read 3698 times:

I'm no expert in BK, but I find it interesting AA lost 72 cents per share in the quarter and the value of each share is only 51 cents. Also, it looks like they are not traded as AMR anymore, rather AAMRQ.

User currently offlinePIEAvantiP180 From United States of America, joined Sep 2009, 533 posts, RR: 0
Reply 3, posted (2 years 1 month 1 week 5 days 12 hours ago) and read 3633 times:
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Quoting CALPSAFltSkeds (Reply 2):

That is correct, AMR was delisted the day when they went into bankruptcy. I believe the actual AMR stock was taken off the NYSE stock exchange a few months before bankruptcy, I think it had to do with the stock being valued less then a dollar, if somebody in the know can better explain it then I can please do so. I do know that the current stock is worthless and new stock will be issued once they come out of bankruptcy.


User currently offlineBeardown91737 From United States of America, joined Jun 2011, 532 posts, RR: 0
Reply 4, posted (2 years 1 month 1 week 5 days 12 hours ago) and read 3572 times:

NYSE delists if the stock is less than $1 for 30 days or average Market Cap is below $25m for a month.


135 hrs PIC (mostly PA-28) - not current. Landings at MDW, PIA, JAN.
User currently offlineDLPMMM From United States of America, joined Apr 2005, 3591 posts, RR: 10
Reply 5, posted (2 years 1 month 1 week 5 days 12 hours ago) and read 3531 times:

The per share numbers are now meaningless, as there are really no shares anymore. New stock will be issued to the creditors upon exit from Chapter 11. The shares being traded now is just a game of chicken being played by idiots.

User currently offlineSeptember11 From United States of America, joined May 2004, 3623 posts, RR: 21
Reply 6, posted (2 years 1 month 1 week 5 days 12 hours ago) and read 3531 times:

(sigh) AA still losing million and million of dollars..My eyes are getting sore. When was the last time they had a profit quarter? More than a decade ago??


Airliners.net of the Future
User currently offlinecommavia From United States of America, joined Apr 2005, 11559 posts, RR: 62
Reply 7, posted (2 years 1 month 1 week 5 days 10 hours ago) and read 3273 times:

As I said in the other (now deleted) thread, it is unsurprising that AMR's results will continue to lag - on a margin basis - those of most major competitors, since most of those major competitors are benefiting from have years of ATI/JV partnerships, and post-bankruptcy costs, behind them. AMR still has yet to secure the single most important element of their restructuring - new union contracts - which will have a profound impact on both AMR's costs, and its ability to competitive generate revenue.

Nonetheless, putting comps with the industry aside for a moment, the individual YOY results improvement are definitely moving very much in the right direction. Quarterly operating profit of $142M, net profit (net of reorganization) of $95M, and a whopping cash flow from operations of $1.652B. It's true - AMR's operating cash numbers are inflated by bankruptcy shielding them from some financial obligations, but that is still a respectable cash number either way.


User currently offlineLipeGIG From Brazil, joined May 2005, 11436 posts, RR: 58
Reply 8, posted (2 years 1 month 1 week 5 days 6 hours ago) and read 2993 times:
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FORUM MODERATOR

Results were not bad and shows improvements.

Considering that restructuring costs in general are one time expenses, and also the operational profit, AA at least is generating cash from their core operation !
A year ago, they were losing money just from their regular business.

We need to look into restructuring costs as the ones that will allow next quarter expenses to be smaller, even if they bring other restructuring costs.



New York + Rio de Janeiro = One of the best combinations !
User currently offlineEaglePower83 From United States of America, joined Oct 2011, 225 posts, RR: 0
Reply 9, posted (2 years 1 month 1 week 4 days 21 hours ago) and read 1844 times:

Aprox. $800 of that income was from me  

Go get 'em guys!


User currently offlinemop357 From United States of America, joined Mar 2007, 85 posts, RR: 0
Reply 10, posted (2 years 1 month 1 week 4 days 19 hours ago) and read 1645 times:

Its a good step in the right direction. Hopefully they can emerge from bankruptcy on their own and be profitable.

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