Results 1 to 10 of 10

Thread: And guess what’s happening...

  1. #1
    Registered User NoOtPilot's Avatar
    Join Date
    Nov 2012
    Posts
    1,654
    Level
    100
    Points: 58,586, Level: 100
    Overall activity: 99.7%
    Achievements:
    OverdriveSocialVeteran50000 Experience Points
    Awards:
    DownloadsPosting Award
    Thumbs Up/Down
    Received: 137/37
    Given: 0/0

    Ignore User

    And guess what’s happening...


    0 Not allowed! Not allowed!
    American Airlines' pre-tax profit is set to plunge for a third consecutive year in 2018. A recent surge in oil prices will make matters worse in the fourth quarter and in 2019 -- particularly if fuel costs continue to move higher.

    Fuel costs rising again...
    The price of Brent crude, the global oil benchmark, has surged nearly 50% over the past year, recently surpassing $80 per barrel. The last time it approached that level, back in May, I warned that higher oil prices could spell disaster for American Airlines' profitability.

    Yet several recent reports have suggested that oil prices could rise as high as $90 per barrel or even $100 per barrel next year.
    I always tell the truth. Even when I lie.

  2. #2
    Registered User
    Join Date
    Jan 2013
    Posts
    149
    Level
    43
    Points: 4,608, Level: 43
    Overall activity: 16.0%
    Achievements:
    Veteran1000 Experience Points
    Thumbs Up/Down
    Received: 5/0
    Given: 0/0

    Ignore User

    0 Not allowed! Not allowed!
    But I hope it keeps going up. This pilot “shortage” was beginning to really put a crimp in the companies finances.

  3. #3
    Registered User
    Join Date
    Jul 2017
    Company
    envoy
    Job
    First Officer soon to be Captain
    A/C Flown
    E175!
    Posts
    67
    Level
    18
    Points: 1,192, Level: 18
    Overall activity: 0%
    Achievements:
    1 year registered1000 Experience Points
    Thumbs Up/Down
    Received: 0/0
    Given: 0/0

    Ignore User

    0 Not allowed! Not allowed!
    With the gas prices climbing, hopefully they will park these gas guzzlers 50 seaters POS and we get faster flow.

  4. #4
    Registered User
    Join Date
    Nov 2012
    Posts
    412
    Level
    55
    Points: 7,078, Level: 55
    Overall activity: 16.0%
    Achievements:
    VeteranOverdrive5000 Experience Points
    Thumbs Up/Down
    Received: 18/0
    Given: 6/1

    Ignore User

    0 Not allowed! Not allowed!
    Higher fuel prices WILL NOT lead to a faster flow unless you’re talking about the flow of cash bleeding from AAG’s already rapidly dwindling stash.

  5. #5
    Registered User
    Join Date
    Jan 2013
    Posts
    149
    Level
    43
    Points: 4,608, Level: 43
    Overall activity: 16.0%
    Achievements:
    Veteran1000 Experience Points
    Thumbs Up/Down
    Received: 5/0
    Given: 0/0

    Ignore User

    0 Not allowed! Not allowed!
    Your all haters. Haha

  6. #6
    Registered User
    Join Date
    Nov 2012
    Posts
    2,227
    Level
    64
    Points: 9,143, Level: 64
    Overall activity: 99.9%
    Achievements:
    Veteran5000 Experience PointsOverdrive
    Thumbs Up/Down
    Received: 209/18
    Given: 66/145

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by NoOtPilot View Post
    American Airlines' pre-tax profit is set to plunge for a third consecutive year in 2018. A recent surge in oil prices will make matters worse in the fourth quarter and in 2019 -- particularly if fuel costs continue to move higher.

    Fuel costs rising again...
    The price of Brent crude, the global oil benchmark, has surged nearly 50% over the past year, recently surpassing $80 per barrel. The last time it approached that level, back in May, I warned that higher oil prices could spell disaster for American Airlines' profitability.

    Yet several recent reports have suggested that oil prices could rise as high as $90 per barrel or even $100 per barrel next year.
    Tough to see how this could happen. Parker confidently announced to the world the industry and especially AA would be hugely profitable for the foreseeable future. IIRC, AA in particular would see upwards of 5 Billion annual profit in good years and 4 Billion in leaner years. That’s already been ratcheted significantly downward in the last year and that’s before $85-105/barrel of LSC. Throw in a hamstrung revenue source with an increasingly crippled regional system and real trouble is close. Then, a major global, domestic or industry issue and *BANG*, game over.

    That WILL affect the flow and not in a good way.

  7. #7
    Registered User
    Join Date
    Nov 2012
    Posts
    412
    Level
    55
    Points: 7,078, Level: 55
    Overall activity: 16.0%
    Achievements:
    VeteranOverdrive5000 Experience Points
    Thumbs Up/Down
    Received: 18/0
    Given: 6/1

    Ignore User

    0 Not allowed! Not allowed!
    Skyrocketing fuel futures is to Iceberg
    As AAG’s ginormous debt is to Titanic

  8. #8
    Registered User
    Join Date
    Jan 2013
    Posts
    149
    Level
    43
    Points: 4,608, Level: 43
    Overall activity: 16.0%
    Achievements:
    Veteran1000 Experience Points
    Thumbs Up/Down
    Received: 5/0
    Given: 0/0

    Ignore User

    0 Not allowed! Not allowed!
    What’s causing the upswing this time. Just my luck. I just got an suv

  9. #9
    Registered User
    Join Date
    Jan 2013
    Posts
    215
    Level
    47
    Points: 5,366, Level: 47
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points
    Thumbs Up/Down
    Received: 17/7
    Given: 1/1

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by Sirsnacksalot View Post
    Skyrocketing fuel futures is to Iceberg
    As AAG’s ginormous debt is to Titanic
    You know what they say, people in glass houses sink ships. And don't cross the road, unless you can get out of the kitchen.

  10. #10
    Registered User BOHICA's Avatar
    Join Date
    Nov 2012
    Posts
    474
    Level
    49
    Points: 5,836, Level: 49
    Overall activity: 0%
    Achievements:
    OverdriveVeteran5000 Experience Points
    Thumbs Up/Down
    Received: 64/1
    Given: 23/0

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by Robsquatch View Post
    What’s causing the upswing this time. Just my luck. I just got an suv
    Did you trade in one of your hippie cars to offset the carbon savings of the other hippie car?

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •