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If American wants to turn cash-positive by the end of 2021,
“Aggressive cost-cutting” must be expected, even with increased demand during 2021 (due to the re-opening of borders with testing and/or the widespread availability of a
Vaccine.
IATA is still anticipating a full recovery to 2019 pre-pandemic air travel won’t happen until at least 2024.
Air travel is now forecast to return to only about half of 2019 levels sometime next year, according to the latest forecast from the trade group the International Air Transport Association (IATA).
“It’s the worst peacetime year for commercial aviation since the industry started a 100 years ago. Outside of war, we’ve never seen anything where demand evaporated by as much as 90%.”
Dacuj is right whe he said,
“ you will see American soar.”
Unfortunately will be at the expense of their employees.
CBA negotiations in court, have never gone the employees way.
Doug Parker’s dream come true. Let’s hope history doesn’t repeat itself.
Last edited by NoOtPilot; 12-01-2020 at 10:16 AM.
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Mr. Parker should start his own Youtube channel where he mentors young airline managers. It's a great way to generate cash.
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Interesting options action today
For AAL (NASDAQ:AAL), we notice a put option sweep that happens to be bullish, expiring in 409 day(s) on January 21, 2022. A trader bought 238 contract(s) at a $8.00 strike. This particular put needed to be split into 21 different trades to become filled. The trader or institution spent $30.7K on this trade with a price of $129.0 per contract. There were 166510 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold.
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While JetBlue is planning major budget cuts, due to a revenue drop in billions of dollars for 2021...
Doug Parker remains in “absolute” silence. All meetings now conducted in the new anechoic chamber.
🕰🍿💰⚖️🧰
Last edited by NoOtPilot; 12-09-2020 at 01:46 PM.
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Parker and Isom discuss the master plan ...
COS.gif
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They just extended there cash flow by 3 days, rumor republic bought from aag the last 6 new e175's that were for envoy.
The hits just keep coming.
Next ord is all republic and envoy cancels the mia bid, but get co-domicile in DAY with psa.
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There are rumors of Envoy getting shutdown over on APC.
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