afcjets wrote:JAMBOJET wrote:Under this flawed logic of selectively picking line items to make an inaccurate point, it’s also accurate to note delta had $9,647 in passenger revenue in 4Q18 but $9,652 in operating expense: lost money doing their core business.
https://d18rn0p25nwr6d.cloudfront.net/C ... 89752a.pdf
But stats can be manipulated easily just as you’ve done to try to make it look like AA lost money in 2018, which it didn’t.
Assigning all 4Q cost (and none to cargo) to passenger revenue to come up with a “AA lost money in 4Q18 but delta made money in 2018” comment is just flawed logic.
Once again it's totally accurate that American lost money flying passengers in 4Q18 during a year Delta made over $6 billion and I never made it look like American lost money for the full year. Even more accurate is the point dstblj52 makes and I was wrong, Cargo did not make AA profitable 4Q18:
"On 68.3 billion seat miles for the quarter that suggests a loss flying passengers of $423 million. Add back though the $264 million earned from cargo during the quarter and flying planes appears to have lost $159 million. (An accounting rules change adopted for 2018 causes American to recognize more money for award travel, making this figure look better than it would have without required ASC 606 changes.)
At the airline’s Media and Investor Day in September 2017 CEO Doug Parker declared that the airline would never lose money again and strictly speaking American Airlines Group didn’t lose money, but what many people think of as their core business of flying passengers did.
During that same event Parker promised that the airline would always earn between $3 billion and $7 billion per year. They barely managed it in 2017, the year it was promised, and they failed to hit that target in 2018 (even excluding ‘net special items’ they were only able to crawl up to $2.8 billion). That’s in what’s largely the best of times, before the world economic growth starts slowing in advance of possible recession."
https://viewfromthewing.com/earnings-re ... t-quarter/
No one is saying you are misQUOTING statistics. We are saying your misUSE of those statistics is dishonest. Your misAPPLICATION of statistics is dishonest. And your misCOMPARISON of statistics is dishonest.
You're not even being original. You're quoting Gary Leff, who is himself dishonest.
Parker said AA wouldn't lose money. AA didn't lose money. Quit trying to defend a dishonest analysis.