The meeting of the Bank of America today is the interesting part of response to his consideration of his airline and how he views the issue of competition. His reply, reiterated his views, just the need for revenue, and the amr converter strategies. Some look very fresh, I and other observers.
Arpey has laid a good news that a 17% increase: the income unit the second quarter of last year (a bit simple accompaniment, but hey, we will get the same store sales), he thought the operator's strategy to consolidate its center is the best show to pay for business travelers to pay attention to them to stop flying. He did not say the last part, this is just the way I like to say a fare increase. No one likes the word "price insensitive", but everyone seems to be nodding "price-sensitive head."
More about the idea of Gerrard, click.
Therefore, network operators will soon get rid of the big attractions of this the American way: It will be No. 3 overall size of the aircraft carrier. But to be alert to the size of the ape said.
"In a certain point, Women already have enough scale, you are not creating more of the scale, you just create more scale again and again, Er that Bushi our shareholders as a friendship of."
Although the delta is swallowing more and Northwest Airlines appear (if your research notes on the distribution of the same Jiemibeike check drooling about his recent upgrade on Delta dividends. Off, will result in billions of dollars of future free cash Over the years, a large network, debt ratio to improve - what is the difference?), and the United Nations and China will soon complete its long-held love for the United States wanted to paint one on how to plan its network of difference: where we are going to make it most , Arpey said. Not everywhere.
"We believe we have a strong network and we are doing even more powerful, it is robust to the right place," Arpey said. Selectivity = profitability.
In addition, the anti-trust exemption bonus is likely to be with British Airways and Iberia (actually, it is British Airways) in summer or autumn date. And coordination of schedules and fares, AA / BA from New York and London appear to milk the top line.
Arpey likes his position, in New York, even though analysts say the AA's new terminal and a JetBlue Airways alliance will not lead to the current expenditure Houston / Chicago, a lot of heartburn. Have you seen who won in New York now and in the mainland is still ringing up to vote breakdown; AA JFK terminal that it is the best, it has LaGuardia million through its network of buildings and the best partners, is not also Yes.
"To succeed, you need relevant," he said, how in New York. I do not know enough of the market share of about 3 accuracy of the fault between the airport, but I do not think you will find a New York analyst who to crown King in many parts of the United States - because I think it's cross-Atlantic products (services and first-class functions) home on the mainland and foreign flag carriers, including British Airways and the short-term - but the ape's point is: we are here, we spent a lot of money, we have our presence and business customers know this. Maybe you do not "win" the New York direct - you only need relevant. Arpey said that the Airport Authority has and will become more relevant, because it costs more, which is based JetBlue intermodal processing.
Arpey was asked whether it meant the mainland in Chicago and New York with the trouble; Tom Horton chimed in saying that the mainland does not do too much rotation for the United Nations and the United Nations did in little China in Newark and New York. Interesting. Arpey said that Chicago is a market, will be sought from the United Nations, the United States and the Southwest for a long time.
I am concerned about the scale of the problem will be how to play the Fortune 500 in the account, I still think that the questioning, he got a key today. His answer seems to be a big reason we will not be large, we have targeted measures, is the time to improve the profitability of business travel, it seems to be getting worse traction purposes.
I think the key issue for the Union: What AA revenue, because the customer service preferences BA short-term end? When you put down on the European continent in the travel and / United Nations in New York threw out a more direct flights from major European cities alliance, will win key customers, the difference? (Ape quick to say that Universal is still demanding a European network)
Arpey discussed the gap in labor costs - he is the face of rising labor costs in the gap, it means the current contract. He pointed out that Delta is in some way, with the generous offer of the purchase contract in its latest round of the gap between operator labor costs in the original piece of work will be shut down. When the "input costs for industry convergence," which will help the industry overall - when he quoted, with its jet fuel hedge southwest killer and pricing products according to their fuel costs - which won market share in Southwest China, is basically destroyed paid for that number of benefits, but also on other airlines jet fuel. Now that the situation a bit more balanced, Arpey said, this is a good thing.
Arpey warned that labor negotiations will be measured and prudent in the order "of the richest industrial contract", the AA is not completely throwing out incentives to pay their employees.
Arpey's best line: When asked about the Caribbean will always be in the low-income drag on the network, he said that on the production, said: "This is a lot better this week," cited the strike and the carrier Spirit Airlines has been grounded all flights. Caribbean Airlines and the Airport Authority continues to ape what the boss likes the Miami Airport Authority is the key hub for the local electricity demand, Latin America, only in the Miami Airport Authority can make (to participate in Houston's China!).
If the spirit of defeat (not out of the question, but if not I am looking forward to the spirit of the son, in the air one to two months with the same aircraft and new pilots, because a large number of low-cost rental demand for low-fare lift) may be AA on the income will help former position.
All in all, some interesting needs, because he here position from Steven Gerrard, he tried to catch up with economic recovery from the airlines the most wind. Wall Street liked the sound of things, and to boost the stock price, I think, about what the best strategy for the Airport Authority to move forward a lot of problems, but the insistence of his gun Ape selective networking and coalition forces.
http://mwy1024.blog.com/2010/06/18/analysis-of-amr-converter-gerard-arpey/
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