LTC is about 50% of. Stockholder equity which would be about 6b of 13b...that's what's on the books
I agree per it's what the market wants that is all that matters and market wants revenue growth especially with rising costs and all the other airline risks. Aal has been in a bad position per Dallas , SA, ulccs costly buy backs, high caped, crummy arm etc and only possible positive is its been so bad yoy comps may start to improve enough for market to conclude the worst is behind them.
Bears you don't just disagree based on the merits of my posts...you don't like what I'm saying so you misrepresent what I am saying or cherry pick certain things I say and say things like I am blaming Parker or am bitter, blah blah blah Too much personal BS in your posts and replies...
I sold most shares at 37-38$, bought about half back in too early at 32.50...actually sold too many shares so have significant YTD gains to pay taxes on and remaining LT shares I didn't sell I bought at 10-15$ when LCC. Its do or die for aal stock with the June report and 2q report...imo if can survive the June report good chance 2q report will have a better 3/4q outlook as yoy comps should get much better barring further revenue pressures..Kirby said revs will be weak for rest of year but imo yoy comps could be better and the pps imo is near lows barring market weakness or all the other shtty things that happen to aal/airlines.
Feel a bit embarrassed to ask this but USMI makes about 200m year, GLAIC about 340M year...I understand that they are unable to pay divies to gnw holdco because of capital levels etc that are not satisfactory to regulators, but where the heck do all those profits go? A giant sinkhole? If they are retained by USMI/GLAIC to build capital levels than they should be sitting on a pile of cash that eventually can be paid to holdco and/or shareholders in the form of divies/buybacks. I thought maybe the profits are getting chewed up by reserve charges etc but those are supposedly non cash charges...thoughts ?
Really tired of your condescension, insults, misrepresentations and ignorance bears...go back to playing with mongo et al Have had you on ignore more than not as you and mongo and others have really degraded this board with your childish posts...your one step from eternal ignore if you keep the insults up..and I don't care if you don't care. dca and iahphx have the same pair of glasses but at least their not insulting like you...
//Don't think them as anything special at all.// What I would have guessed. I have always said amr was a crummy airline with crummy planes and ops, why went BK...I remember Parker saying he was surprised by poor condition of amr.planes( one of several red flags I didn't take seriously enough)...aal is spending billions and billions on new planes not to save fuel cost but because they have to replace crummy amr planes and improve ops and customer service. I have flown LUV several times recently and they have a lot to offer..hope to fly aal this fall to see how compare..
I haven't crunched the 2q numbers like only Uncle can/does but if you are correct than June report should lower margin guidance to 13-15% which even if prasm guide maintained the market will not look kindly on even though it should be expected. Chance prasm guide will be upgraded ala ual but unlikely though Kirby said "much better" in June. If bought a bunch of shares at 30$ or less market may like but again(bears) its not free money buying those shares and the market knows that ...
Agree, Parker must not push the ulccs too hard, their business model is all about having the lowest price, if anything aal should be at least a little higher on pricing assuming the experience is better which I am not clear that is is as I have never flown on aal. Have you flown on any ulccs? If so, how do they compare to aal ?.
Last CFO was obviously incompetent....it would be primarily his responsibility to identify material risks such as the ltc reserve issue. I hope the CEO pushed him out which would show good leadership, I like the new CFO so far, she seems to be a straight shooter and addresses the main investor concerns whereas the last CFO masked the issues in gobligook speak..
//What dont you like about that?// Silly bears, there you go again wearing your rose colored glasses.The money used to buy shares is not growing on a tree in Parker's back yard, it is added debt and 30% in red. Buybacks cost nearing 50% of current market cap and still over 500m shares outstanding ! And of course if you paid attention to first quarter report DOLLAR earnings were down yoy and will be down alot more for 2q...so my answer to your question is I don't like declining yoy earnings and revenues and clearly mr market hates them. .
Oh and as far as oil , oil hit a multiyear/decade low in the 1q and yoy dollar earnings were still down...Get a clue ...take those glasses off or at least buy a pair without the rose color. Believe me I hope your rosy outlook "bears" out and pps starts and continues to rise but don't keep insulting my intelligence..pps is going nowhere until revenues improve and that has been and is the bottom line.
Could be ugly if prasm/margin lowered. I don't expect prasm to be lowered but margin guide which was already lower than expected could be lowered due to higher fuel and fare pressures. Buybacks will be ignored as usual if prasm/margins poor...see if Kirby has any credibility per prasm "much better in June". YOY numbers "should" improve 2H forward...
I recall Parker saying BO2015 that would have to see if airlines would act differently from the past and not pile on capacity with low fuel but that in his imo the industry had changed and would not add excessive capacity....oops