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Posted Jul 27, 2010
This week we take in-depth looks at the recent earnings results posted by American Airlines, US Airways, United Airlines, Continental Airlines and Delta Air Lines. Even before the formal announcement was issued this morning, it had been clear for some time that United Airlines president John Tague was not a member of the executive transition team that was going to stay with the "new" United. That fact was also crystal clear as you listened to the airline's earnings call last week.
This morning, the airline formally announced that John, Kathryn Mikells, Graham Atkinson, and Rosemary Moore would not be staying with the "new" United.
Posted Jul 19, 2010
Delta Air Lines reported earnings this morning, the first airline to report earnings for the second quarter. While the headline numbers for the airline's results look quite good on the surface, airline stocks began to drop after the numbers were released and they have yet to get up again. Why is this the case if Delta reported such a large profit?
Posted May 27, 2010
My old firm HRG has just announced its results and I must say I am impressed. It seems they can and have managed without me quite well. And there was me thinking I was indispensable.
Posted Apr 2, 2010
Posted Mar 8, 2010
Posted Mar 8, 2010
Posted Dec 10, 2009
Ho, ho, ho. Merry Christmas.
Or something like that.
Thanks to a wickedly strange website entitled Sketchy Santas for today's visual. If you have a warped sense of humor like I do, go on over and take a peek. I'll use a couple more of them here before we say goodbye to the Christmas season. I mean, after all, a little warped sense of humor is good for us all this time of year -- yes?
Posted Oct 15, 2009
This morning Southwest Airlines kicked off the third quarter earnings parade for the things with wings.
The bulk of the sector reports earnings next week.
Excluding items, the airline reported a profit of 3 cents a share. This was a bit better than the street consensus, which had forecast the airline would post a profit, excluding items of two cents.
Posted Feb 6, 2009
Posted Nov 3, 2008
American Express, BCD Travel and Carlson Wagonlit Travel all have recently announced personnel cost-saving initiatives. Speaking last week with analysts during the company's third-quarter earnings conference call, Expedia executives said they haven't gone that far just yet. "The first area that we’re looking at and we think the biggest area of opportunity for us is in the non-people cost," said CEO and president Dara Khosrowshahi. "It’s in the variable costs, etc. I think it’s really important for a company like ours right now to focus on execution on a lot of the projects that we’ve been investing in--the technology projects, etc.--and bringing those through. I think we’re going to see where volumes come out. We are in an incredibly volatile time and based on where volumes and ’09 numbers are coming out, we’ll look at all costs including people costs, as well. But we’re just not there yet."
Meanwhile, Khosrowshahi noted that labor savings already are underway as the company reduces "cost per call" using "a new agent desktop that we’ve introduced that we’ve built over the past 18 months."
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