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To: Lost1 who wrote (53263)	10/20/2004 12:48:11 PM
From: Lost1	Read Replies (1) \| Respond to of 57110

someone needs to put these dipshits out of their misery: American Airlines posts $214 million loss DALLAS — The parent of American Airlines lost $214 million from July through September, as it struggled with rising fuel costs and competition from low-fare carriers, and predicted an even bigger loss in the fourth quarter. Chief executive Gerard Arpey said American would take steps to raise revenue and cut costs, including job cuts and a 5 percent reduction in the airline's capacity by the first quarter of next year. He offered no details on layoffs. AMR Corp. announced Wednesday that it lost $1.33 per share, compared to a gain of $1 million or flat per share a year earlier. Analysts had expected a loss of $1.51 per share in the third quarter, according to Thomson First Call. Revenue was $4.76 billion, up from $4.61 billion a year earlier but below the $4.81 billion forecast by analysts. In the first nine months of the year, AMR lost $374 million or $2.33 per share, compared with $1.12 billion or $7.08 per share in the same period last year. Revenue rose 8.1 percent to $14.10 billion from $13.05 billion. Arpey complained that airlines were adding too many flights — raising capacity by 6 percent, roughly double the rate of economic growth. Combined with low fares, this resulted in a 2.5 percent decline in AMR's revenue divided by capacity, a key measure in the airline industry. AMR said it expects high fuel prices to continue in the typically slow fourth quarter, leading to a loss "significantly larger" than that of the third quarter. Even before AMR released the results for the July-September period, its stock was downgraded to "peer perform" from "outperform" by Bear Stearns analyst David R. Strine, who cited concerns about the company's liquidity and growing capacity in the airline industry, which have prevented carriers from raising fares. Strine also cut his ratings on Continental Airlines Co. and Delta Air Lines to underperform. Shares of AMR fell to a new 52-week low Wednesday morning on the New York Stock Exchange but regained some ground after the report. They were down 13 cents or 1.9 percent, to $6.56, in midday trading. The price of jet fuel on spot markets along the Gulf Coast has jumped from 88.9 cents per gallon at the beginning of the year to $1.56 per gallon last week, according to the Department of Energy. American said it spent $342 million more on fuel last quarter than in the same three months of 2003. The president of American's pilots' union had feared the company would announce layoffs and ground more planes when it released the third-quarter numbers. Ralph Hunter told union leaders that junior pilots with "viable alternatives" to their current job "should seriously consider leaving." American has furloughed nearly 2,600 of its 11,000 pilots and is in the process of laying off another 298. Under an agreement last year — reached with the union as AMR teetered on the brink of bankruptcy — American could cut another 861 pilots for a total of 3,750 layoffs. American also has eliminated 4,500 flight attendant jobs, although it said last month it would recall 610 to staff profitable international routes. Airlines have had mixed success raising fares, including hikes called fuel surcharges. Several attempts to raise fares have failed when some carriers refused to go along. Overnight, American, United, Delta and Northwest added a $10 fuel surcharge to round trip tickets, said Tom Parsons, chief executive of discount travel Web site Bestfares.com. Within the last few days, American has also added a fee of $30 to $50 per roundtrip on international flights and a fee on foreign customers who buy paper tickets instead of electronic ones. ___

To: Lost1 who wrote (53263)	10/20/2004 2:49:14 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

well, as much as I think the bad experiences are as important as the good. There are a few things that I wouldn't mind dislodging from my old noggin. I saw Eternal Sunshine of the Spotless Mind and I found the concept to be seriously disturbing. Kinda surprised me that people are talking seriously about it. So, i think I will hold on to my bad memories. However, I may slip Mrs McKie a pill or two to clean up a few of those memories that she has from the latter half of 2000..oh, and then there was 2001...oh oh oh, and much of 2003.....oh, and then there was last week........ wonder how many refills I can get on the prescription.....LOL