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Thread: AA 1st Qtr Earnings

  1. #21
    Registered User Dacuj's Avatar
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    Quote Originally Posted by Cujo665 View Post
    Wishing somebody to leave or quit is a far far cry from wishing they get fired. Your failure to comprehend the difference is astounding. It was, and is, a jackass thing to say... then you doubled down on it with that post....
    just when I think I’ve seen all the different forms of pond scum on earth, somebody like you comes along.
    good luck
    You are just flat wrong. As for luck, don't need it. I already work for AMERICAN Airlines. The largest major in the WORLD.

    Looks like you need the luck Cewjoh seeing as you work at a trash outfit. Not even going to call em an airline.

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    Registered User ardvark's Avatar
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    Seems like the largest airline pays employees less than there peers. What a great place to work. If you cannot get elsewhere.

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    Super Moderator Cujo665's Avatar
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    Quote Originally Posted by Dacuj View Post
    You are just flat wrong. As for luck, don't need it. I already work for AMERICAN Airlines. The largest major in the WORLD.

    Looks like you need the luck Cewjoh seeing as you work at a trash outfit. Not even going to call em an airline.
    Largest does not equal best...
    just look at the Chinese military....

    you’ve got a lot to learn
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    Just heard the largest airline in the world just borrowed 750 million to fund their pensions heaping another load of debt on their books with a *thump*. The mountain gets bigger.

    Caveat Emptor.

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    Quote Originally Posted by Cujo665 View Post
    Largest does not equal best...
    just look at the Chinese military....

    you’ve got a lot to learn
    Largest also doesn’t necessarily equal “not broke” either. Conserving their liquidity for more stock repurchases, more stuffing of management pockets, more funding for a strategic bankruptcy ?

    Hmmm.........

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    Registered User ardvark's Avatar
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    I am going with the big big payout prior to bankruptcy because the new bk law does not allow large amount to management during bk to stay with airline. Borrow money to not require dip financing while in bk that way mgt maintains control. The timeline may move to an earlier filling using the max losses as excuse.

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    Registered User Dacuj's Avatar
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    Quote Originally Posted by Beagleboy View Post
    Just heard the largest airline in the world just borrowed 750 million to fund their pensions heaping another load of debt on their books with a *thump*. The mountain gets bigger.

    Caveat Emptor.
    Totally false. Once again, you have bad info.

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    Super Moderator Cujo665's Avatar
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    Quote Originally Posted by Beagleboy View Post
    Just heard the largest airline in the world just borrowed 750 million to fund their pensions heaping another load of debt on their books with a *thump*. The mountain gets bigger.
    Quote Originally Posted by Dacuj View Post
    Totally false. Once again, you have bad info.

    Guess they proved you wrong.... yet again
    Last edited by Cujo665; 05-18-2019 at 12:24 PM.
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    You guys are only telling half the story when it comes to this. There are good reasons to do this under certain circumstances. As my buddy Rick says, read and you will find the answer you seek. Delta also does this.
    Pension assets soar

    About a year ago, Delta Air Lines decided to take advantage of the low-interest-rate environment by issuing debt to accelerate its pension funding. This allowed it to make a big dent in its pension deficit during 2017.

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    Quote Originally Posted by Meatloaf View Post
    You guys are only telling half the story when it comes to this. There are good reasons to do this under certain circumstances. As my buddy Rick says, read and you will find the answer you seek. Delta also does this.
    Pension assets soar

    About a year ago, Delta Air Lines decided to take advantage of the low-interest-rate environment by issuing debt to accelerate its pension funding. This allowed it to make a big dent in its pension deficit during 2017.
    One might do this if they believe they could get better interest rates now then in the future, so the decision is understandable. In Delta’s case, they have a good balance sheet and can afford it, so to speak.

    In the case of AA, this is not any “acceleration” of funding, but a known requirement. Also AA already has huge debt, unlike Delta. So, why would AA add more debt to an already VERY risky balance sheet ? You do know the pension funding levels used two different metrics in the past and using the more accurate one, even with this required payment, the pilots is funded to only about 2/3 of full value, yes ?

    So, we have a company now with what 23 billion in debt and liquidity levels close enough to “black swan” metrics such that should the economy tank and Parker’s latest assumptions fail like the last ones and losses occur (or a longer period of financial bleed down stagnation), AA could easily be at a rational point of “reorganizing” their business including labor contracts (think scope), fleet (leases) and you guessed it, terms of their loans.

    IMO, AAG is essentially playing Russian roulette (deliberately). They know it will take many years to clean up their financials (especially at only 2 billion/year in profits) and with no bumps have a reasonable chance of doing it. If they guess wrong, no problem as option 2 while painful in the very short term (especially for pilots) will allow them a good run at reinventing their cash generating engine. You do know that the airline operations within AAG essentially are money losers now anyway, right ? AAG’s profits come from non operational fees.

    Either way THEY win (or think they will), but EITHER way pilots LOSE. Why ? If AA muddles along on the luck of a strong economy, pilots stay under their crap bankruptcy contract for 5 years or longer and poor regional style QWL as staffing woes accelerate due to being unable to train enough pilots to meet attrition and if AAG finds themselves in option #2, pilots get scope gutted (among other things) and new flexibility means many less mainline jobs and stagnation.

    If the economy tanks and AA’s liquidity drops by 2 billion and their cash on hand hits their limit and they still have 15, 20 billion or more in debt and are unsure how long an economic downturn might last with profits elusive, what do YOU think they will do ? Optimism is fine, but in the case of AA (unlike Delta), caution is prudent IMO. I think Parker is taking HUGE chances and willing to risk the welfare of others and let’s be honest, isn’t that what someone with multiple DUI’s does ?

    If they don’t give a damn about others lives and are apparently willing to chance maiming or killing anyone who might end up within view of their front windshield simply for more concern over their own convenience, why would they give a damn about some people’s financial livelihoods especially if they believe they will rake in millions and billions for certain others even with the risk ?
    Last edited by Beagleboy; 05-19-2019 at 09:44 AM.

  12. #32
    Registered User Dacuj's Avatar
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    Quote Originally Posted by Meatloaf View Post
    You guys are only telling half the story when it comes to this. There are good reasons to do this under certain circumstances. As my buddy Rick says, read and you will find the answer you seek. Delta also does this.
    Pension assets soar

    About a year ago, Delta Air Lines decided to take advantage of the low-interest-rate environment by issuing debt to accelerate its pension funding. This allowed it to make a big dent in its pension deficit during 2017.
    Don't let these goons here bring you down and worse, over to their side. The guy that writes these manifestos is a known LIAR and HATER. He can't stand it that super qualified instructors are getting on here and sliding on over to American in just a few years. I suggest getting out of the house and ignoring this negative drivel. I'm personally having a couple of pops right now at a favorite watering hole.

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    Registered User ardvark's Avatar
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    I will tell you when and if they are super qualified instructor envoy pilot, not you buffoon. Your cadets majority are just a clump of flesh sitting in a pilot seat.
    But we would not want to upset you to much. Your cadets are lucky and should just keep quiet and learn their trade.

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    Quote Originally Posted by ardvark View Post
    I will tell you when and if they are super qualified instructor envoy pilot, not you buffoon. Your cadets majority are just a clump of flesh sitting in a pilot seat.
    But we would not want to upset you to much. Your cadets are lucky and should just keep quiet and learn their trade.
    All is well when you’re bagged.

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    Registered User Dacuj's Avatar
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    Quote Originally Posted by ardvark View Post
    I will tell you when and if they are super qualified instructor envoy pilot, not you buffoon. Your cadets majority are just a clump of flesh sitting in a pilot seat.
    But we would not want to upset you to much. Your cadets are lucky and should just keep quiet and learn their trade.
    Stupid and drunk are a bad combo brah.

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    Registered User ardvark's Avatar
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    You should know, but thank you for caring.

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    Quote Originally Posted by ardvark View Post
    You should know, but thank you for caring.
    How was your bender? Got much of a hangover. I can hold my liquor thanks. Besides, even if I couldn't I have a very high IQ which is something you can't buy for yourself.

  18. #38
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    Keep telling yourself that. Does wonders.

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    I think it's a proper time to remind members to review the concept of Psychological Projection in Wiki. It provides a logical description for this latest illogical assertion by the one so obviously afflicted.

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    Morgan Stanley just went bearish on AA chopping their stock outlook down to the $26/share range. Delta and UAL not impacted. 3/4 of a Billion in new debt last week and now shareholder value set to to tank to levels approaching reorganization initial share price.

    The most concerning part is this is all during a supposed high point in the global/domestic economy. Again, what happens when the economy DOES tank ?

    Caveat Emptor.

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