American earns record $932 million first quarter profit

[TexasTowelie]

Source: Fort Worth Star-Telegram

American Airlines reported a first quarter profit of $932 million, beating its record of $480 million earned in the first quarter of 2014.

“We are pleased to report record first quarter profits, exceeding the prior record set just last year,” said American chief executive Doug Parker in a statement. “We are particularly pleased with the integration achievements our team has realized and look forward to building on those successes through 2015 and beyond.”

However, the Fort Worth-based carrier’s revenues dropped 1.7 percent to $9.82 billion for the quarter due to competitive capacity growth and economic softness in Latin America. American has had to compete with Southwest Airlines adding dozens of new routes out of Dallas Love Field since the expiration of the Wright Amendment restrictions last fall.

The carrier cut capacity by 1.7 percent and its load factor declined 0.3 percentage points to 80.3 percent. Unit revenues also declined 2 percent in the quarter.

Read more here: http://www.star-telegram.com/news/business/aviation/sky-talk-blog/article19364811.html#storylink=cpy


Read more: http://www.star-telegram.com/news/business/aviation/sky-talk-blog/article19364811.html

[geomon666]

1. Time to raise the rates

Isn't that standard operating procedure? Profits fall, raise the rates. Profits rise, raise the rates.

[Spitfire of ATJ]

7. Also, cut employee pay and benefits.

[AngryDem001]

8. Also, increase executive pay and bonuses.

[Spitfire of ATJ]

10. Mostly exceeding Wall Street projections.....

Thus allowing them to print more shares.

Well,....electronically.

I don't think they even do paper stock certificates anymore.

Just to be sure, let me Google that....



Okay,...that was weird.

[Plucketeer]

2. And a BIG FAT bonus

for Mr. Parker! Now if we can just convince our labor force of what a DIRE financial situation we find ourselves immersed in!

[Skittles]

3. ripping off the passengers really pays off

[spartan61]

5. And also ripping off the flight attendants.

They don't get profit sharing. Not sure about the other work groups.

[appalachiablue]

9. What does AA pay pilots and flight attendants I wonder-

[coffeenap]

4. Fuel costs down, airfares down...

oh wait, never mind.

[Chakaconcarne]

6. Have fuel prices dropped?

We weren't aware of that... Sorry. We'll get right on dropping those prices for you.

[kacekwl]

11. Too bad

we don't have those pesky unions any more. A great example of how removing regulations help the middle class.