Big Three US airline cargo revenues continue to shrink alongside margins and rates
Unveiling its numbers yesterday, American Airlines was the last of the Big Three US passenger ...
CHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPELINE: CONF CALL STARTS
CHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPELINE: CONF CALL STARTS
CNBC has published an interview with American Airlines’ chief Doug Parker. While the questions – given the circumstances – feel a little too cosy and easy perhaps, it nonetheless is a good insight. On the US government’s $50bn industry bailout – for which some conditions are attached, including restrictions on buybacks and dividends – Mr Parker said they were ones he was “happy to accept”. Although he does add: “We need to figure out ways around those. But those are absolutely fair things we’re asked to do and we’re certainly not complaining about them.”
He also talks about whether the market is now close to the bottom (“it certainly feels like it”), how the carrier will manage its fleet (retirements of older aircraft), moving cargo in passenger seats, and missing out on low oil prices. Worth a read.
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