Results 1 to 5 of 5

Thread: Doug Parkerís Play Book.

  1. #1
    Registered User NoOtPilot's Avatar
    Join Date
    Nov 2012
    Posts
    1,598
    Level
    100
    Points: 56,939, Level: 100
    Overall activity: 99.9%
    Achievements:
    OverdriveSocialVeteran50000 Experience Points
    Awards:
    DownloadsPosting AwardActivity Award
    Thumbs Up/Down
    Received: 137/37
    Given: 0/0

    Ignore User

    Doug Parkerís BK Play Book.


    0 Not allowed! Not allowed!
    Beginning in 2000, US Airways started retiring aircraft in an attempt to simplify its fleet and reduce costs.

    (2018)
    ďAmerican Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years.Ē

    ďBy the end of 2019, American will shed the last of its aging MD-80s.Ē

    ďOne Airline project to manage costs...Fleet simplification.Ē
    ~Robert Isom~

    (2000)
    The resulting financial disaster by the end of 2000 produced the furloughing of thousands of employees.

    (2018 3Q)
    ď $20,000,000 in Severance expenses primarily included costs associated with reductions in headcount of management and staff team members.Ē

    (2002)
    The airline entered Chapter 11 bankruptcy on August 11, 2002, and was able to exit bankruptcy in 2003 after a relatively short period. The airline made major cost reductions during its bankruptcy, but it still encountered higher-than-average costs.

    (2007-2008)
    In January 2007 oil was $60 a barrel.
    A year later 2008, oil hit a high of $147 per barrel, a new all-time high. Airlines were unprepared, and many went through serious restructuring to survive.

    (2016-2017)
    ďIn early 2016-2017 oil was $27 a barrel.Ē
    ďDrop in oil prices were particularly beneficial for airlines.Ē

    (2018)
    ďBrent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020.Ē
    ~Moody's Investors Services, October 2018~

    (2003)
    In 2003, US Airways began exploring the availability of financing and after no financing was available, it filed for Chapter 11 bankruptcy again in 2004 for the second time in two years.

    In early 2003, US Airways management liquidated the pensions of its 6,000 pilots. The company was one of the first major airlines to eliminate pilots' pensions in order to cut costs.

    Fuel costs and deadlocked negotiations with the Air Line Pilots Association, the first group to come to a concessionary agreement, forced US Airways into a second round of Chapter 11 bankruptcy on September 12, 2004.

    Widespread employee discontent and a high volume of employee sick calls around the 2004 Christmas holiday was a public relations disaster.

    The USDOT found that the problems were caused primarily by poor airline management.

    A Consumer Reports survey of 23,000 readers in June 2007 ranked US Airways as the worst airline for customer satisfaction.

    Also in 2007, the Today/Zagat Airline Survey rated US Airways as the worst airline overall in the United States.


    Oil and Gas companies have been predicting an upturn for more than a year.
    2018 could mark the low point for industry earnings.

    In addition to higher crude prices, analysts and industry players say a wave of consolidation is expected to help remove capacity from the market.
    ~Moody's Investors, Oil & Gas October 2018~

    ď2018, The Stage is set...Mr. Parker letís make American profitable again.Ē
    Last edited by NoOtPilot; 10-29-2018 at 11:54 AM.

  2. #2
    Registered User ardvark's Avatar
    Join Date
    Nov 2012
    Posts
    4,451
    Level
    96
    Points: 26,186, Level: 96
    Overall activity: 44.0%
    Achievements:
    OverdriveVeteran25000 Experience Points
    Awards:
    Frequent Poster
    Thumbs Up/Down
    Received: 570/36
    Given: 589/14

    Ignore User

    0 Not allowed! Not allowed!
    History repeating itself

  3. #3
    Registered User
    Join Date
    Nov 2012
    Posts
    2,114
    Level
    63
    Points: 8,849, Level: 63
    Overall activity: 99.8%
    Achievements:
    Veteran5000 Experience PointsOverdrive
    Thumbs Up/Down
    Received: 209/18
    Given: 66/145

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by ardvark View Post
    History repeating itself
    Itís tough not to see all the parallels of the past with the present unless one embraces denial and its cousin rationalization. Likely inability to get further financing due to obscene debt, high fuel prices, almost certain inability to rip more concessions from labor willingly and a mediocre competitive product are all red flags separately. Together, they are truly concerning. I think itís especially revealing how AA has and will plan to expend most of its future energy and resources on defense of what it does have vs. offense like Delta and others can and are. Just like a football team, entities that have both a formidable offense in addition to defense usually prevail. Those with no offense rarely make the post season and when they do are quickly defeated.

    The camelís back is always assumed to be strong until the last straw proves otherwise and sometimes seeing that last straw is not easy. But if one looks more closely, they can see the camels back doesnít look right and its standing and gait appears shaky.
    Last edited by Beagleboy; 10-29-2018 at 03:53 PM.

  4. #4
    Super Moderator Cujo665's Avatar
    Join Date
    Nov 2012
    Company
    A great one
    Base
    Home Based
    Job
    Pilot
    A/C Flown
    SF340, E145, B767
    Posts
    1,809
    Level
    98
    Points: 28,333, Level: 98
    Overall activity: 52.0%
    Achievements:
    OverdriveVeteran25000 Experience PointsSocial
    Thumbs Up/Down
    Received: 370/50
    Given: 75/9

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by NoOtPilot View Post
    Beginning in 2000, US Airways started retiring aircraft in an attempt to simplify its fleet and reduce costs.

    (2018)
    “American Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years.”

    “By the end of 2019, American will shed the last of its aging MD-80s.”

    “One Airline project to manage costs...Fleet simplification.”
    ~Robert Isom~

    (2000)
    The resulting financial disaster by the end of 2000 produced the furloughing of thousands of employees.

    (2018 3Q)
    “ $20,000,000 in Severance expenses primarily included costs associated with reductions in headcount of management and staff team members.”

    (2002)
    The airline entered Chapter 11 bankruptcy on August 11, 2002, and was able to exit bankruptcy in 2003 after a relatively short period. The airline made major cost reductions during its bankruptcy, but it still encountered higher-than-average costs.

    (2007-2008)
    In January 2007 oil was $60 a barrel.
    A year later 2008, oil hit a high of $147 per barrel, a new all-time high. Airlines were unprepared, and many went through serious restructuring to survive.

    (2016-2017)
    “In early 2016-2017 oil was $27 a barrel.”
    “Drop in oil prices were particularly beneficial for airlines.”

    (2018)
    “Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020.”
    ~Moody's Investors Services, October 2018~

    (2003)
    In 2003, US Airways began exploring the availability of financing and after no financing was available, it filed for Chapter 11 bankruptcy again in 2004 for the second time in two years.

    In early 2003, US Airways management liquidated the pensions of its 6,000 pilots. The company was one of the first major airlines to eliminate pilots' pensions in order to cut costs.

    Fuel costs and deadlocked negotiations with the Air Line Pilots Association, the first group to come to a concessionary agreement, forced US Airways into a second round of Chapter 11 bankruptcy on September 12, 2004.

    Widespread employee discontent and a high volume of employee sick calls around the 2004 Christmas holiday was a public relations disaster.

    The USDOT found that the problems were caused primarily by poor airline management.

    A Consumer Reports survey of 23,000 readers in June 2007 ranked US Airways as the worst airline for customer satisfaction.

    Also in 2007, the Today/Zagat Airline Survey rated US Airways as the worst airline overall in the United States.


    Oil and Gas companies have been predicting an upturn for more than a year.
    2018 could mark the low point for industry earnings.

    In addition to higher crude prices, analysts and industry players say a wave of consolidation is expected to help remove capacity from the market.
    ~Moody's Investors, Oil & Gas October 2018~

    “2018, The Stage is set...Mr. Parker let’s make American profitable again.”

    You forgot the the part about during the 2012 bankruptcy the government did not want Parker to end up running the company for the exact reasons cited above. Through manipulation and promises he survived and has proven exactly why the feds didn’t want him running it.
    __________________________________________________ __

  5. #5
    Registered User
    Join Date
    Nov 2012
    Posts
    2,114
    Level
    63
    Points: 8,849, Level: 63
    Overall activity: 99.8%
    Achievements:
    Veteran5000 Experience PointsOverdrive
    Thumbs Up/Down
    Received: 209/18
    Given: 66/145

    Ignore User

    0 Not allowed! Not allowed!
    Quote Originally Posted by Cujo665 View Post
    You forgot the the part about during the 2012 bankruptcy the government did not want Parker to end up running the company for the exact reasons cited above. Through manipulation and promises he survived and has proven exactly why the feds didn’t want him running it.
    If he flies AA into the approach lights (which is what appears to be happening), he’ll likely have to step down and with his rep I don’t think he’ll be sought after like Scooter was. He takes his pay in stock and that’s way down, but no worries as he has more money then he can spend.
    Last edited by Beagleboy; 11-01-2018 at 09:35 AM.

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
  •