Cory6188
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CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 8:45 pm

Here's the news release:

http://phx.corporate-ir.net/phoenix....l-newsArticle&ID=732553&highlight=

Bravo! $100 million isn't a small sum, either.
 
N1120A
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 8:54 pm

The actual net profit excluding special items was $53 million, which is still quite respectable. The other $47 million was a one time gain. It is nice to see that diverse business models work in the airline industry
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
Scorpio
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 8:56 pm

Good to see that at least one of the US majors seems to be getting its act together...
 
ANCFlyer
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:04 pm

Way to go CO!  bigthumbsup 

Best by Test!
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
thomasphoto60
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:17 pm

Nice goin' CO, I knew you could do it!

Thomas
"Show me the Braniffs"
 
Carfield
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:22 pm

Good Job CO!

I am glad that at least there is some US legend airline making money, and no surprise yield and revenues mostly come from Transatlantic and pacific network.

Also, it proves that serving complimentary food on domestic US flights does not affect whether the airline will make money or not! Not to mention providing a better premium class product...

Carfield
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:51 pm

Quoting Carfield (Reply 5):
Also, it proves that serving complimentary food on domestic US flights does not affect whether the airline will make money or not!

CLE-IAH Friday got me a rather tasty ham and cheese sandwich, carrot sticks, and a little desert chocolate bar... with all the soft drink servings i could possibly drink. Not at all bad for a 3 hour flight.

And when they have a problem they are the quickest, and most courteous to rectify it to the best of their abilities. Twice in the past month and a half I've had blown connections on them due to wx (beyond their control when severe storms shut down most airports on the east coast), and their gate agents have gone above and beyond what anyone else would do coming up with some routings outside of the Skyteam that you couldn't even think of on your own to help get you home... despite buying a somewhat discounted (but not bargain basement) fare.

They also seem to avoid some of the fare bloodbaths, many times I price them they are still $30 or more higher than people like US' Go-fares, but yet their planes are still just as full as anyone else's. I'll gladly pay $30 extra to get treated like a human and know that if I do run into a problem some of the most helpful people in the industry will bend over backwards to help me out. People might laugh at it as well, but that CLE "hub" might be the easiest hub in the world to connect in now that US has slashed PIT... just not the most well-equipped. Glad to see my favorite airline with my favorite plane makes (Boeings for mainline, Embraers for express) is doing well!
 
RAMPRAT980
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:57 pm

Quoting Scorpio (Reply 2):
Good to see that at least one of the US majors seems to be getting its act together...

This airline is where it is today thanks to Gordon's vision & wisdom. And don't forget the dedicated and hard working employees of CAL.
With gun control there can be no democracy.. With gun control there can be no Freedom
 
optionscle
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 9:58 pm

People certainly give CLE more than it's share of insults, but I avoid major hubs like the plague. Why not connect in CLE and risk a 15 minute taxi than ORD where you could get stuck in a 20 a/c long takeoff line?

Getting back to the topic, congratulations to Continental and the employees, this is a great accomplishment!
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 10:04 pm

Quoting OptionsCLE (Reply 8):
Why not connect in CLE and risk a 15 minute taxi than ORD where you could get stuck in a 20 a/c long takeoff line?

Likewise with EWR... which is why I always pay extra to get the real flight to CLE from ABE, as opposed to the bus ride "flight" to EWR.

What are they doing at all those gates under construction? Just replacing concrete?
 
thomasphoto60
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 10:06 pm

Quoting RAMPRAT980 (Reply 7):
And don't forget the dedicated and hard working employees of CAL.

Ditto! Frankly, I can not say enough positive things about the 99% of CO's staff that I deal with several times each month.

Once again, great job big 'CO'!

Thomas
"Show me the Braniffs"
 
Danny
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 10:23 pm

Congratulations to COA! ... and American which also posted a profit:
http://biz.yahoo.com/ap/050720/earns_airlines.html?.v=2

Good job!

[Edited 2005-07-20 15:24:10]
 
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PanAm_DC10
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 10:48 pm

Quoting Danny (Reply 11):
Congratulations to COA! ... and American which also posted a profit

With all of the orders we've seen globally for both A & B this is the best news possible. First CO and second AA, 2 "Legacy" carriers reporting operating profits. Finally they start to see the benefit of 4 years of restructuring, cost control's, redundancy's, high oil prices, competitors sheltering in CH-11 and the list goes on. Let's hope it's a base they can both build upon as it's good for all whom work for them and enthusiasts like me who've no desire to see a repeat of what some North American carriers have had to endure over recent years.

Regards
Ask the impossible to achieve the best possible
 
optionscle
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 11:00 pm

Quoting Tornado82 (Reply 9):
What are they doing at all those gates under construction? Just replacing concrete?

Yep, the concrete's old and it's being replaced around most of the terminal.
 
padcrasher
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 11:07 pm

And it will be all tax free for many years!...LOL
 
dutchjet
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 11:12 pm

Great news - go CO - they have worked very hard to achieve this result.

This is proof that there is a place for a full service airline in the market. CO accomplished this result with impossibly high fuel costs, let hope that they can keep it up. By the way, CO shares are up nearly 5% today.
 
cle757
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RE: CO Announces 2Q $100 Million Profit

Wed Jul 20, 2005 11:42 pm

Quoting OptionsCLE (Reply 13):
Quoting Tornado82 (Reply 9):
What are they doing at all those gates under construction? Just replacing concrete?

Yep, the concrete's old and it's being replaced around most of the terminal

Some gates may be closed permanently to accept next gen aircraft, like C-19,C-16,C-1...Then C-2,C-14,C-17,C-18,C-20,C-11 could all accept next-gens.
Cleveland the best location in the Nation
 
tommy767
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 12:22 am

Well this is great news to hear! My two favorite airlines making money! (AA and CO)
"KEEP CLIMBING" -- DELTA
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 12:26 am

Quoting CLE757 (Reply 16):
Some gates may be closed permanently to accept next gen aircraft, like C-19,C-16,C-1...Then C-2,C-14,C-17,C-18,C-20,C-11 could all accept next-gens.

I'm assuming you mean the 787's?
 
cle757
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 1:40 am

Quoting Tornado82 (Reply 18):
I'm assuming you mean the 787's?

No, mostly 737/700/800/900's and maybe 757's...I'm not sure of the wing-span of the 787 but It should fit on some gates, not that we will ever see one.
Cleveland the best location in the Nation
 
FlyHoss
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 1:41 am

Tornado82,
I believe "next-gens" refers to the 737NGs. They have longer wingspans than the "classic" fan 737s (-300 or -500). Furthermore, the additional of winglets to most the 737NG fleet adds even more wingspan. This limits the number of gates that the NGs can use, so closing a few gates to allow other gates to accept NGs may be in the future.
And a big thanks for your support of CO.
A little bit louder now, a lil bit louder now...
 
COfaninBOS
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 1:51 am

Great news for all CO employees. Congrats on all the hard work and your efforts are much appreciated.

I enjoyed another IAH-BOS first class trip two nights ago and will book many more in the future.
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 2:13 am

Oh... wow. I didn't think there was THAT much of a wingspan difference between the NG's with winglets and the old classics.
 
flybyguy
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 2:26 am

Quoting Carfield (Reply 5):
Also, it proves that serving complimentary food on domestic US flights does not affect whether the airline will make money or not! Not to mention providing a better premium class product...

Thank God they posted a profit to prove to the other junk-lines that low quality rarely equates to high profits. I am beaming with respect for the only legacy carrier in the country to be worthy of being called an airline.

Quoting Danny (Reply 11):
Congratulations to COA! ... and American which also posted a profit:

American posted profits?... Well, I guess I take back what I said earlier, perhaps low quality does = profits.
"Are you a pretender... or a thoroughbred?!" - Professor Matt Miller
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 2:31 am

Quoting Flybyguy (Reply 23):
American posted profits?... Well, I guess I take back what I said earlier, perhaps low quality does = profits.

This isn't the place for a trip report... but a friend and I both flew for a trip to OKC this weekend. Myself from ABE via CLE and IAH on CO. My friend from PIT via DFW on AA. Both of us had our connections botched by the storms all weekend long. The way that CO handled the situation vs AA was astonishing. With AA you're better off just flying WN, because they wouldn't even think of reaccomodating onto another airline nor even showing concern. CO did everything but charter me a flight basically. When NW couldn't help them they left their alliance and worked with UA even. AA basically told them they were on their own, and when they missed their original flight due to the storms on Friday... that enacted the automatic cancellation of their return itinerary home on Sunday without even alerting them... despite the fact that the whole time they missed their connection they were just sitting on an AA bird on the ramp waiting for storms to clear.
 
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drerx7
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 2:43 am

Quoting Tornado82 (Reply 22):
Oh... wow. I didn't think there was THAT much of a wingspan difference between the NG's with winglets and the old classics.

There is--at PHX WN has signage on some gates that say "NO 700". The tight gate space at ATL is why Air Tran didn't order winglets on their 73Gs.
Third Coast born, means I'm Texas raised
 
cerretaman
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 4:11 am

Good job CO!! I flew them last year PHX IAH SAV. I loved the 73G and flew on the EMB145 and I was impressed with them. The FAs were fast and friendly, which is essential.


P.S. First post  biggrin 

-Cerreta
u mad cause i'm stylin' on you?
 
Kohflot
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 4:15 am

The market's cool reaction to the news indicates (IMO) just how far out of favor airlines are to investors..

Continental's adjusted income beat the street's estimates by *49 cents per share*.. after an early rally the stock is now up a mere 4 cents.. 1/4 of 1%

Meanwhile, in the biotech sector, Amgen beat estimates by 16 cents a share (still remarkable, since most seem to beat by a penny or two), and it's up almost 14% today.
Ask why..
 
RAMPRAT980
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 4:37 am

[quote=Kohflot,reply=27]Meanwhile, in the biotech sector, Amgen beat estimates by 16 cents a share (still remarkable, since most seem to beat by a penny or two), and it's up almost 14%

it will be down 15 % by next week
With gun control there can be no democracy.. With gun control there can be no Freedom
 
DeltaMIA
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 4:47 am

We saw this coming. Hopefully within the next 3 quarters DL as well can join the profit party.
It's a big building with patients, but that's not important right now.
 
COAMiG29
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 5:00 am

I always knew CO could do it way to go
If Continental had a hub at DFW with nonstop flights I would always fly them, unfortunantely good things take time.
 
flybyguy
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 5:10 am

Quoting Tornado82 (Reply 24):
This isn't the place for a trip report... but a friend and I both flew for a trip to OKC this weekend. Myself from ABE via CLE and IAH on CO. My friend from PIT via DFW on AA. Both of us had our connections botched by the storms all weekend long. The way that CO handled the situation vs AA was astonishing....

Perhaps you mis-understood what I was trying to say, I was NOT complimenting AA in the least by saying that low quality is good, on the contrary I was bolstering CO by complimenting them on their high quality service and apparent reward through profit.
"Are you a pretender... or a thoroughbred?!" - Professor Matt Miller
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 5:38 am

Quoting Flybyguy (Reply 31):
Perhaps you mis-understood what I was trying to say, I was NOT complimenting AA in the least by saying that low quality is good, on the contrary I was bolstering CO by complimenting them on their high quality service and apparent reward through profit.

I know you weren't... and I was affirming the low quality of AA and making a comparison of the 2 airlines in the tribulations of my friend and his girlfriend this weekend compared to me on CO.
 
Lt-AWACS
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 6:32 am

Well glad to see CO, my "hometown" airline as it were, making money. WN of course, and even AA made money-- A Good quarter for the big 3 Texas airlines.

Ciao, and Hook 'em Horns,
Capt-AWACS, dba Lt-AWACS
Io voglio fica ogni giorni da mia bella moglie!
 
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lightsaber
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 6:42 am

Quoting DeltaMIA (Reply 29):
We saw this coming. Hopefully within the next 3 quarters DL as well can join the profit party.

As much as I'd like to see Delta turn around... they seem to have much deeper issues... 2Q06 is the first quarter I envision them turning a profit. Note: This assumes there isn't a sudden drop in capacity! CO started laying the groundwork many years ago; since 2001 they've only accelerated it. While I do know DL has improved aircraft utilization, etc. DL has further to go. e.g., when will they simplify their narrowbody fleet?

Lightsaber
"They did not know it was impossible, so they did it!" - Mark Twain
 
DeltaMIA
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 6:48 am

Quoting Lightsaber (Reply 34):
they seem to have much deeper issues... 2Q06 is the first quarter I envision them turning a profit.

I am hoping 1Q06
It's a big building with patients, but that's not important right now.
 
dutchjet
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 6:56 am

Quoting DeltaMIA (Reply 35):

I am hoping 1Q06

The first calender quarter is usually a difficult one for the carriers - even in good time, airlines generally lose money or break even during the 1st and 4th quarters and make money during the 2nd and 3rd quarters. Its a cyclical business, demand and fares are lower during the winter months. If DL can work out its problems, hope to see a modest profit 1 year from now, he 2Q07.
 
ARGinLON
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 7:00 am

Do we know when DL and UA will announce their 2ndQ results? It should be soon I know. I aslo know that they will be far different from AA/CO (very deep red I would say)
 
ContnlEliteCMH
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 7:40 am

Quoting Tornado82 (Reply 24):
Both of us had our connections botched by the storms all weekend long. The way that CO handled the situation vs AA was astonishing. With AA you're better off just flying WN, because they wouldn't even think of reaccomodating onto another airline nor even showing concern. CO did everything but charter me a flight basically. When NW couldn't help them they left their alliance and worked with UA even.

This is my consistent experience on my favorite airline. Serious business travelers need a serious airline, and CO is a serious airline. If you paid for the ticket, they'll get you there. In fact, I've never had anybody give me crap for the fare class I've paid, nor should they. When I purchased the ticket, that's what they said they wanted, and when I bought it, the Contract of Carriage goes into effect. If they can't get me from ATL to CMH, they *always* rebook me unless the weather is so bad that I have to go the following day, which occurred only once. I even get to request a reroute on NW vs. DL, and they always accommodate it.

Even this past weekend, I made a huge mistake and scheduled my return from Vegas on a mileage ticket 24 hours than I realized. When I showed up at the airport 24 hours late, the agent simply called it a change and billed me $35 even though I was prepared to purchase another ticket. I flew standby, and had to reroute through Houston, but it all worked out, which is consistently what happens to me on Continental.

Personally, I've grown soooo tired of the "Well, no airlines can make money in this environment" tripe so often read on this board. This is always said by supporters of cash-hemorrhaging airlines as a way to poo-poo the seriousness of that airline's troubles. Such justifications are henceforth shot, and I for one am glad. If either CO or AA post a profit in 3Q05 (I suspect one of them will), then we know two airlines who are definitely poised to return to spectacular profitability if fuel prices relent.

Profit doesn't surprise me. Airfare on the routes I fly has gone up. Way up. There's no way they're losing money on the ATL-CMH route when I'm paying an average of $350 R/T.
Christianity. Islam. Hinduism. Anthropogenic Global Warming. All are matters of faith!
 
DeltaMIA
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 7:47 am

Quoting ARGinLON (Reply 37):
Do we know when DL and UA will announce their 2ndQ results?

DL will tomorrow. I would guess $300M loss.
It's a big building with patients, but that's not important right now.
 
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mariner
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 7:58 am

Quoting Kohflot (Reply 27):
The market's cool reaction to the news indicates (IMO) just how far out of favor airlines are to investors..

I think the market had been expecting some good news, Kohflot, and had priced it in. CAL shares were at their 52 week high before the profit announcement.

Several airlines are at, or close to, their 52 week high, and checking the esitmates, several are expected to turn a profit, either this quarter or next.

I think it is all better than good news, but I don't think we're quite out out of the woods yet.

There two "problem" airlines:

(i) NWA. It is starting to look as if management wants the strike, in an attempt at union busting.

(ii) DAL. Sorry, Dutchjet - the analysts are seeing only red ink next year:

http://money.excite.com/ht/rs/fin/es/d/dal.html

Not that the analysts are always right, but they would have to be very wrong.

For those who insist UA and US are also problems, well, yes, but United is playing in a Wonderland all its own and US is getting married.  Smile

cheers

mariner
aeternum nauta
 
MSYtristar
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 8:04 am

Good news for CO!

In my opinion they offer the best domestic product out there, whether it be on a 777 or an ERJ. Friendly flight crews, fairly nice hubs, numerous flights from my airport, above average in flight service, helpful ground staff, and new aircraft all make CO a cut above the rest in my opinion. I fly them whenever I can, and will continue to do so. Great job CO. The hard work is finally paying off again.
 
cairo
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 8:14 am

Quoting ContnlEliteCMH (Reply 38):
Personally, I've grown soooo tired of the "Well, no airlines can make money in this environment" tripe

When UA went into BK a hundred years ago, all the UA employees here were saying things like "AA will be next" and "The first to file BK will be the best positioned later on.."

There is even one frequent Delta poster here who loves to tell us how great Delta is doing, if you don't count their fuel expenses, as if it is valid to subtract fuel expenses from Delta's cost of doing business.

Note AA and CO have no silly airline-within-an-airline and they are (coincidentally?) the only profitable legacies. It's amazing to me that two of the worst managed airlines in recent years, UA and DL, believe that they are so good at running airlines that they can manage two airlines simultaneously.

My favorite idiocy posted on this board is that the 'industry suffers from overcapacity'. As if reading it on a.net makes it true. Load factors are at record high levels, overcapacity only exists if there are absurdly low load factors and if no one is making money. Since AA, CO, WN, and jetBlue are all profitable and have the same OR LOWER load factors than UA and DL, we must conclude that overcapacity is not a problem, bad management is.

AA and CO are defintely the best managed legacies out there, and perhaps one vision of the future is that these two will stay full service legacy carriers, perhaps even enhancing services, while the rest of the legacies will have to become more like LCCs in style, service and function.

Congratulations to AA and CO and yes, we have to say, Texas based airlines are the best managed airlines in the country.

Cairo
 
ContnlEliteCMH
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 8:38 am

Quoting Cairo (Reply 42):
There is even one frequent Delta poster here who loves to tell us how great Delta is doing, if you don't count their fuel expenses, as if it is valid to subtract fuel expenses from Delta's cost of doing business.

I've noticed that. And also loves to tell us that Song is getting a higher load factor with a revenue premium vs. Southwest and/or JetBlue. While that's great, revenue is not profit. You also can't make 10's of billions in long-term debt simply disappear from the balance sheet. Or an inefficient fleet of MD-88's and 732's. Or the glut of RJ's.

There's no overcapacity, and hasn't been for a while. I personally think there are too many carriers, specifically too many carriers with bad management. I wish the market would do its thing and take care of them.

There's another poster on this board who in one thread said that corporations are evil robber barons because they pay no income taxes, and that they pay no income taxes because of loopholes and clever accountants. Today, his response to AA's 2Q05 profit was essentially that accounting loopholes and clever accountants make it easy to show a profit. Go figure.

I fly CO because the whole experience, from the uber-Website to the service after the sale, is absofreakinlutelyfabulous. I have no doubt the five figures I'm paying them this year will help their bottom line, and I am glad to pay them, for they do all right by me. In my opinion, you build profits with satisifed customers.

I like your point about the singular focus of CO and AA. I read an inspiring book several years ago that set me upon my present financial path. The author's observation was that "diversification" was a word that the financially ignorant used to assuage their fears. The opposite of diversification is not "all your eggs in one basket" but rather "focus." By picking what they want to be, and focusing on achieving it, these two airlines could become chronically profitable.
Christianity. Islam. Hinduism. Anthropogenic Global Warming. All are matters of faith!
 
Tornado82
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 9:38 am

Quoting ContnlEliteCMH (Reply 43):
Or the glut of RJ's.

I don't want to start an E vs B just like an A vs B... but has anyone noticed that the profitable airlines of CO and AA all fly (well, not quite strictly in AA's case) ERJ's in their regional fleets while the DL's and NW's and bankrupt US/UA are more heavily concentrated on CRJ's? Physics would say that the narrower, sleeker ERJ would have a lower fuel burn than the CRJ because of less cross sectional drag, and I remember seeing specific block costs on here about a month ago showing this exact fact that ERJ's are somewhat lower. Everyone knows RJ's have higher CASM's, but if ERJ's are the lesser of the evils... maybe that explains something??

Also notice the 2 most unprofitable currently... NW and DL, are still puttering around in DC9's and 732's. With fuel prices as they are... it makes you wonder.

Quoting ContnlEliteCMH (Reply 43):

I fly CO because the whole experience, from the uber-Website to the service after the sale, is absofreakinlutelyfabulous. I have no doubt the five figures I'm paying them this year will help their bottom line, and I am glad to pay them, for they do all right by me. In my opinion, you build profits with satisifed customers.

And their ability to rectify problems ASAP as efficiently and courteously as possible. The website though is just stupendous! I steered clear of UA just because their website annoys me with fares changing as I'm purchasing and so forth.

And to reiterate... the CLE hub is just TOO freaking convenient for connections to pass up... well... at least until the Lake Effect Snow Monster rears it's ugly white head.
 
DC8FriendShip
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RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 9:53 am

Quoting Cairo (Reply 42):
Note AA and CO have no silly airline-within-an-airline and they are (coincidentally?) the only profitable legacies.

Unless you count american eagle as an "airline within an airline" (it is owned by AMR.)
Come fly the Friendly Skies of United
 
Cory6188
Topic Author
Posts: 2621
Joined: Mon Feb 02, 2004 12:29 am

RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 10:43 am

I really don't think that American Eagle counts - it's AA's regional division, just like CO has ExpressJet. Also, the two airlines aren't trying to market their express carriers as being different than mainline, unlike Ted or Song. For both AA and CO, their express flights on American Eagle and ExpressJet are considered a complete part of the network - there's really no distinction between them. On CO, at least, they try to make everything as unified as possible, such as using the C-2 concourse in Terminal C @ EWR instead of some remote terminal accessible only by bus.
 
MAH4546
Posts: 24724
Joined: Wed Jan 24, 2001 1:44 pm

RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 11:12 am

Quoting Dc8friendship (Reply 45):
Unless you count american eagle as an "airline within an airline" (it is owned by AMR.)

Exactly, it owned by AMR. It isn't an airline within an airline. AMR Corporation owns three airlines - American Airlines, American Eagle, and Executive Airlines (operates the ATRs). None are within the other.
a.
 
ltbewr
Posts: 12501
Joined: Thu Jan 29, 2004 1:24 pm

RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 11:24 am

Finally, some relief of the gloom and doom of the industry over the last several years. I would suggest the profits of both AA & CO are from the large number of strong demand, direct or non-stop International routes, including Asia, Europe and the Carribbean (and Mexico for CO) from their respective key hubs with strong local and connecting business.
 
UA772IAD
Posts: 1269
Joined: Sat Jul 10, 2004 7:43 am

RE: CO Announces 2Q $100 Million Profit

Thu Jul 21, 2005 11:26 am

Good for them. I'm glad to see an airline overcome the face of failure and eventually prosper. I hope the others can learn from them!

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