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the NOV 2018 court date is what worries me
American Airlines Group (NASDAQ:AAL) will webcast a live audio feed of its third quarter financial results conference call with financial analysts and journalists on Thursday, October 26, at 9 a.m. CT.
The webcast will be available to the public on a listen-only basis at aa.com/investorrelations. An archive of the call will be available on the website through November 26.
so is there any active (legitimate) cases left, i mean its not like they are gonna even com-template unraveling the merger, and i believe the pilot claims are contractually negotiated, so when the company and union agree to a deal, i can't imagine a lawsuit by members would carry any weight, so what is left? the travel agent one, obviously is a desperate money grab, not sure what the Bank one is about, but that is the only unknown one i can think of, and y'all say that appears to have been settled years ago. so what appears to be the hold up? its like being in a crowded restaurant, trying to flag down a waiter, hahaha "CHECK, PLEASE"
i thought we were down to 2 cases, hmmm, are all these still waiting?
Adv. Proc. No. 12-01094-shl Allied Pilots Association v. AMR Corporation and American Airlines, Inc.
Adv. Proc. No. 12-01744-shl AMR Corporation, and American Airlines, Inc. v. Committee of Retired Employees
Adv. Proc. No. 12-01932-shl U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee and Security Agent under the Indenture and Aircraft Security Agreement for the American Airlines 2009-2 Senior Secured Notes Due 2016 v. American Airlines, Inc.
Adv. Proc. No. 12-01946-shl U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity, but solely as Loan Trustee under Indenture and Security Agreements with respect to the AMR 2009-1 EETC transaction and AMR 2011-2 EETC transaction v. American Airlines, Inc.
Adv. Proc. No. 13-01283-shl John Krakowski, Kevin Horner, and M. Alicia Sikes, individually and on behalf of those similarly situated v. American Airlines and Allied Pilots Association
Adv. Proc. No. 14-01920-shl Krakowski et al. v. American Airlines, Inc. et al.
Adv. Proc. No. 13-01392-shl CAROLYN FJORD, Katherine R. Arcell, Keith Dean Bradt, Judy Bray, Jose M. Brito, Jan Marie Brown, Robert D. Conway, Judy Crandall, Rosemary D'Augusta, Brenda K. Davis, Pamela Faust, Don Freeland, Donald V. Fry, Gabriel Garavanian, Harry Garavanian, Yvonne Jocelyn Gardner, Lee M. Gentry, Valarie Ann Jolly, Gail S. Kosach, Michael C. Malaney, Len Marazzo, Lisa McCarthy, Patricia Ann Meeuwsen, L. West Oehmig, Jr., Cynthia Prosterman, Deborah M. Pulfer, Dana L. Robinson, Robert A. Rosenthal, Bill Rubinsohn, Sondra K. Russell, Sylvia N. Sparks, June Stansbury, Clyde D. Stensrud, Wayne Taleff, Gary Talewsky, Annette M. Tippetts, Diana Lynn Ultican, J. Michael Walker, Pamela S. Ward, Christine O Whalen vs. AMR Corporation, American Airlines, US Airways Group, Inc., US Airways, Inc.
Adv. Proc. No. 16-01138-shl Krakowski et al. v. American Airlines, Inc. et al.
well, just for fun and giggles, what are the latest, guesstimates on that amount, that may be paid out, hopefully this spring or sooner. i read where one person crunched numbers to guess as little as .81cents per original AAMRQ share and another as high as 1.57 per share. any updates, anyone calculate with more recent numbers, need to know weather to look for a Lexus GS or the FC hahaha
AAL up 5%, delta up 6% jeez nice day
Wow, nice start, wonder what’s up
Aaarrghh NOOOO, I’d rather be lied to. 2018 NOV??? Sobbing into pillow
glad the end of the world is scheduled during the weekend (23SEP) according to numeroligists/zodiac/and bible prophesy. lets hope not to many people put any worry in this, it doesn't have to be true, just enough people thinking others do, and it starts a wave or people trying to create a wave one direction or another to create a great buy or sell. maybe after nothing happens, monday will see a spike
Darn another dollar down and I jumped in too early, 44.24 sounded really good last night. Not so much now. Somebody make it stop. :(
thanks for posting, didn't know about that one either, so i guess the one of west coast customers (lawyers) claiming anti competition, and the pilot one about lost seniority and revenue not liking the merger conditions. are the only two i remember. anyone know of others than those two? are they still active? years of waiting, i hope we are not disappointed, last i saw here, the legal fees were coming from in house, and not out of fund, so if true, that is good, so they don't run out the clock on billable hours. keep the updates coming
yep, it was a lot of volume, too. but who knows, a coin toss, but i try to be optomistic
American Airlines Group, was the target of unusually large options trading on Monday. Investors purchased 1,841 put options on the stock. This is an increase of approximately 221% compared to the typical daily volume of 574 put options.
is it my turn to mention the final distribution? i lost count, but just in case, anyone is interested, EVERYONE, is ready for the final distribution, not sure what we will have to talk about after that, but will be nice, when this integration is finalized
On Monday, the bounce came as the worst case scenario for Hurricane Irma did not play out. While the storm isn’t over, its impacts have been less than what traders priced into the stocks and therefore traders scaled back some of the bearish bets.
and getting there fast, how long before this trend reverses? you seem to be right, a lot lately, (unfortunelty)
just emptied savings acct. and moving all my roths to self direct to AAL, if this b*tch falls below 45.00 i am all in. i have faith, may have to be patient, but this has sooo much upside, its a great play, only wish i could direct some of my 401K that direction for some great gains
well jokes aside, when i looked at buying more when it dropped to 52.00 and folks were saying they were waiting for mid 40"s i thought they were joking, and un realistic with all the upgrades, low oil, etc. but i hereby apologize, hahaha hopefully won't have to wait long to recoup those shares, fortunately holding most of my original AAAMRQ=AAL shares from long ago, but ouch what a sucky month
Down almost 2.00 in one day? Ugggh went from a black diamond slope to free fall, make it stop!!!
well, some good news, better if china were to take some action, better them than us, they are better positioned, but good news none the less. https://www.washingtonpost.com/world/china-warns-north-korea-youre-on-your-own-if-you-go-after-the-us/2017/08/11/a01a4396-7e68-11e7-9026-4a0a64977c92_story.html?tid=sm_fb&utm_term=.6fe88529e58a
wow, bad timing for sure, hope this ends soon, i bought back in at 52.00. you would think all those upgrades would have at least held us at 50. guess its time to just settle in, for another wait and see.
yes, those "billable hours" can add up, and really come in handy (to the lawyers) hopefully there will still be something left when they are thru
just moved to out-perform from market perform. that good , right?
IMO we are still management heavy compared to the other legacy carriers, but you are correct parker deferring his regular salary was a good PR move, for employee and shareholder confidence
i will give up my salary too, for a bonus that is 10 times my salary..
Parker, who was appointed CEO of American Airlines following the merger of U.S. Airways and American Airlines in 2013, received compensation of $11.4 million in 2015, compared with $12.3 million in 2014.Parker's 2015 compensation comprised grant of $10.3 million in American Airlines' stock, and the rest in stock dividends.
so the company can't buy back stock within 10 days either side of earning report, true of false? if so too bad they can't take advantage of the cheap price
might wanna take a look at those executive salaries, bonus's, stock options, golden parachutes, and severance packages. cause those are killing me.
when this hits 62.00 PPS i will work for wall mart wages, until then i like living indoors, too many years on ramen noodles, i remember my starting salary in 86 had just been increased from 900 per month to 1050 per month base salary (they up'd it because we all went down and applied for, and were eligible for food stamps) the increase was just enough to disqualify us. so it is roughly 13 years before you make a living wage, most do it for the job, and know they aren't gonna get rich doing this job. i like the flexibility.
Good lord, what a great buy back in price/time wish I had waited longer
reports OUT....American Airlines Group Reports Second-Quarter Profit
7:30 am ET July 28, 2017 (Globe Newswire) Print
American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these highlights:
-- Recorded a second-quarter 2017 pre-tax profit of $1.3 billion, or $1.5 billion excluding net special items, and net profit of $803 million, or $944 million excluding net special items
-- Reported second-quarter earnings of $1.63 per diluted share. Diluted earnings per share excluding net special items were $1.92, up 8.5 percent versus 2016
-- Reported a 7.2 percent increase in total revenue, to $11.1 billion, and a 5.7 percent increase in total revenue per available seat mile (TRASM)
-- Returned $500 million to stockholders in the second quarter through the repurchase of 10.0 million shares for $450 million and dividends of $50 million
"We are making important long-term investments in our product and our team at American Airlines. Our strong revenue growth is a credit to our more than 120,000 team members and evidence that these investments are working," said Doug Parker, Chairman and CEO. "Looking forward, we are enthusiastic about our prospects for the second half of 2017, as well as 2018 and beyond."
GAAP Non-GAAP
2Q17 2Q16 2Q17 2Q16
Total operating revenues ($ mil) $ 11,105 $ 10,363 $ 11,105 $ 10,363
Total operating expenses ($ mil) 9,570 8,612 9,367 8,547
Operating income ($ mil) 1,535 1,751 1,738 1,816
Pre-tax income ($ mil) 1,291 1,493 1,496 1,594
Pre-tax margin 11.6 % 14.4 % 13.5 % 15.4 %
Net income ($ mil) 803 950 944 1,001
Earnings per diluted share $ 1.63 $ 1.68 $ 1.92 $ 1.77
Revenue and Expenses
Strong passenger demand and improving yields drove a 7.2 percent year-over-year increase in total revenue, to $11.1 billion. Notable areas of passenger yield strength were in the Domestic, Central American and South American, and Caribbean regions. Cargo revenue was up 13.1 percent to $196 million due to a 15.1 percent increase in cargo ton miles. Other revenue was up 11.1 percent to $1.3 billion primarily due to the new co-branded credit card agreements that became effective in the third quarter of 2016. Second-quarter TRASM increased by 5.7 percent, on a 1.4 percent increase in total available seat miles.
Total second-quarter operating expenses were $9.6 billion, up 11.1 percent year-over-year due primarily to a 15.4 percent increase in consolidated fuel expense and a 12.5 percent increase in salaries and benefits resulting from the company's recent investments in its team members. Total second-quarter cost per available seat mile (CASM) was 13.34 cents, up 9.6 percent. Excluding fuel and special items, total CASM was 10.49 cents, up 6.8 percent.
Commercial Initiatives
American has now expanded Basic Economy into 78 markets, including into Canada. Early results continue to be in-line with initial expectations, with approximately half of American Airlines customers buying up to Main Cabin when given the option between that and Basic Economy. The company expects to roll out Basic Economy across the rest of its domestic network by the end of September.
With an average premium of more than $400, customer adoption of the company's new Premium Economy product has been strong. These seats are now being installed on American's Boeing 777-200 aircraft. The company expects to retrofit most of its other widebody aircraft with this highly-differentiated seating choice for international customers by the end of 2018.
As part of its $200 million investment in the luxury travel experience, American debuted its Flagship First Dining experience and newly-renovated Flagship Lounge at New York John F. Kennedy International Airport. In addition, access to Flagship Lounges has been expanded to include Business Class customers traveling on qualifying international and transcontinental flights. Additional Flagship Lounge renovations and Flagship First Dining locations are planned at other hubs.
American Airlines President Robert Isom said, "Our investments in our product and our team are beginning to pay real dividends as we give customers more reasons to fly on American. When combined with new revenue management tools and sales initiatives targeting high yielding corporate customers, we believe our revenue growth potential is strong.
"We expect third-quarter TRASM to increase approximately 0.5 to 2.5 percent year-over-year, which reflects continued improvement in customer demand for corporate and leisure travel. We expect third-quarter pre-tax margin excluding special items to be between 10.0 and 12.0 percent. We also expect our fourth-quarter TRASM growth to exceed the third quarter's growth rate," Isom said.
Capital Investments, Fleet, and Shareholder Returns
American plans to invest $4.1 billion in new aircraft this year as it continues to renew its fleet. During the quarter, the company invested $1.1 billion in aircraft as it took delivery of 16 mainline aircraft and 4 regional aircraft. These new deliveries will replace aircraft that are expected to leave the fleet. In addition, the company expects to invest $1.6 billion in non-aircraft capital expenditures in 2017 focused on integrating the airline, product enhancements, and operational improvements.
Since mid-2014, the company has returned more than $10.7 billion to stockholders primarily through share repurchases and dividends, and reduced the share count by 35 percent to 487.7 million shares. As of June 30, the company had approximately $1.0 billion remaining of its $2.0 billion share repurchase authority.
The company declared a dividend of $0.10 per share, to be paid on August 28, 2017, to stockholders of record as of August 14, 2017.
Investor Update
For additional financial forecasting detail, please refer to the company's investor relations update, filed with the Securities and Exchange Commission on Form 8-K. This filing will be available at aa.com/investorrelations.
Conference Call / Webcast Details
The company will conduct a live audio webcast of its earnings call today at 7:30 a.m. CT, which will be available to the public on a listen-only basis at aa.com/investorrelations. An archive of the webcast will be available on the website through August 28.
Notes
-- In the second quarter, the company recognized $205 million in net special items before the effect of income taxes, principally consisting of merger integration expenses, fleet restructuring expenses driven by the merger and certain one-time charges to adjust the vacation accruals as a result of the salary increases for our pilots and flight attendants. See the accompanying notes in the Financial Tables section of this press release for further explanation, including a reconciliation of all GAAP to non-GAAP financial information.
-- American is unable to reconcile certain forward-looking projections to GAAP as the nature or amount of special items cannot be determined at this time.
-- Share repurchases under the buyback program may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. The program does not obligate the company to repurchase any specific number of shares or continue a dividend for any fixed period, and may be suspended at any time at the company's discretion.
About American Airlines Group
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding Forward-Looking Statements and Information
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act), the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about our plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on our current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 (especially in Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from time to time in our other filings with the Securities and Exchange Commission. There may be other factors of which we are not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. We do not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.
we can only hope, todays low was crazy, they raise the PPS and we dip, and dip big, now would be a great time for buffet, or qatar, or anyone to step in, cause this has not been a good week. need a rescue friday.
What the hell is going on
Uggh wish I had some reserves, great place to get back in.
and 52.60 looked great last week... now, not so much. bought back in too early, can't wait for earnings
ok what the heck, anyone know what is going on? i mean we get upgrades and pps drops? we need our mojo back. is our announcement friday before or after market?
yeah, undoing the merger will never happen, first it was approved by the DOJ, and changes were made to protect competition, routes given up etc. and you can't unring that bell. and i think the pilot thing could be corrected contractually, not as a settlement, whatever the outcome, lets hope it is handled and we can move forward, and get this company working as one, instead of multiple contracts of different airlines, the synergies are there if they just move it along
yeah, any new educated guesses, per 1K or per 100 shares would be good, so much of this information is adjustable/changes or is speculation. but we can surmise what is left in the acct. and the number of shares to divide by, (assuming no further payouts of claims or legal fees or such