The results are in!

[WorldTraveler]

you do realize the line you highlighted starts with "in 2012..."?

 

[robbedagain]

uh, yes.Salaries, wages and benefits (millions of dollars)5,276 (2013)6,217 (2012)reduction %(15.1)

this is from your post is it not?

 

[WorldTraveler]

robbed,
the first number is current year (2013 for this annual report) compared to 2012 (last year for this report).

year over year, labor costs were reduced by $1B... no nice way of sugar coating that labor turned AA around and provided a basis for low labor costs for both AA and US to have a chance at succeeding in the difficult competitive environment of the current US airline industry.

700's comment about profitability included data for 2012, before AA and US merged.

 

[700UW]

The information is from the news article that I posted the link too.
 
And Wall Street is happy with the results, the stock is up 4% as of now.

 

[WorldTraveler]

lovely,
and AAL's market cap is less than DAL, UAL, and LUV.

 

[700UW]

Seems investors and Wall Street are quite happy with the results and what they think and do actually matters, unlike you.

 

[FWAAA]

lovely,
and AAL's market cap is less than DAL, UAL, and LUV.

Not that it really matters, but on a fully-diluted basis (accounting for all 755 million shares that will be issued),  AAL has a market cap right now of about $23.5 billion, which I believe is higher than UAL or WN, but still shy of DL's market cap.  

 

[AirLUVer]

lovely,
and AAL's market cap is less than DAL, UAL, and LUV.

There should be one or more stock distributions left to the employees, and creditors.  I would wait to compare market cap's until at least 6 months after the last disbursement of shares is issued.

 

[FWAAA]

I goofed.   The average fully-diluted share count is now 742 million.   At the current price of $31.56/sh, that results in a fully-diluted market cap of $23.4 billion.    

 

[Jacobin777]

I am so happy to have given up more of my pay and benefits so the NEW AA can turn around and make a profit. Too bad some of that $$$ could have continued in my pension plan. I am sure they would have made a profit with the pensions intact.

 
What you should be happy about is that you guys managed to get Horton and his $18 million out only to be replaced with Parker and his $48 million.
 

uh, yes.

Salaries, wages and benefits (millions of dollars)
5,276 (2013)

6,217 (2012)

reduction %(15.1)

 
If true, and if what I've been recently posting about all of the increases wages coming soon, those savings will be going down the "proverbial toilet". <_<
 

Seems investors and Wall Street are quite happy with the results and what they think and do actually matters, unlike you.

 
I'm sure Parker and his 1.5+ million shares as well as Kirby and his 800k+ shares are happy..

 

[robbedagain]

According to dallas morning news link thru justplanenews.com the combined company made 195 mill before special items

fwaa is that good or bad

 

[AANOTOK]

 
What you should be happy about is that you guys managed to get Horton and his $18 million out only to be replaced with Parker and his $48 million.
 
 

I'm making more now under Parker than I ever did under Horton!

 

[Jacobin777]

I'm making more now under Parker than I ever did under Horton!

 
That's great and I'm happy for you (seriously) but lets see how long this "chummy-chummy" between management and employees last.
 
Part of the problem, practically everyone @AAG is making more money. How will revenues keep up with expenses? I've been incessantly stating this from the word "go".

 

[Overspeed]

Without the charges its a $436 million profit.

 
So is it good management to just outsource work they manage badly or is it good management that manages work well in-house and turns a healthy profit without outsourcing?

 

[UPNAWAY]

Good CEOs are worth their weight in gold, bad and mediocre ones now their pay is an issue. Fortunately DP is a good one. I know he took a pay cut after 9/11 and froze his salary for over 10 years, he will never be one to gorge compared to his peers.
 
Speaking of pay I'd like to think all you short sighted union folks for not wanting profit sharing. I imagine it would have been very good over the next 4-5 years.