statistics never lie.. but you can lie with statistics....
part of the loss for amr was a "paper loss" of 990 million. amr is losing money, but not at the rate reported. loads are up sharply,of the top 10 revenue days in the history of amr, 6 occured last summer; also a 71% load factor in jan 03... i think its a record ...they are buying people off at the gates, and this is the slow season for airlines. however, ticket prices are not up for the business traveler, was $2000 for first class, so amr does not collect the premium cash.. but again loads are increasing. mr carty is using this time to squeeze more concessions from labor.. the long term plan is to buy more rj's for eagle and reduce the american labor costs thru furloughs. just think,if amr paid $500,000 for green fees, can the company really be on the verge of bankruptcy...? long term business plan is same other great airlines have used... reduce to profitability.. lets see any of these ring a bell; Pan Am, Eastern, TWA, Air Florida, US Air, etc, etc... |
