The airline's latest woes have added to chatter among industry insiders about whether Parker, who is also chairman, will be able to ride out the storm.
American will update investors on its third-quarter performance estimates before the market opens Wednesday, a day before U.S. airline earnings kick off with Delta on Thursday morning.Despite it's troubles, American is profitable, thanks to economic growth that has fueled demand for travel and rewards credit cards. Analysts expect it to generate per-share earnings of between $4.55 and $5.27 on nearly $46 billion in revenue this year, a 3.
Industry watchers have speculated on successors for Parker, should the board decide on a new CEO, with former American executive Scott Kirby mentioned as someone with the skills to run a giant, complex airline. Parker said American's operations have recently improved, particularly after negotiations with the mechanics unions resumed last month and the peak summer travel months. In September, nearly 83% of American's flights arrived on time, its best month since November 2017 and more than 4 percentage points higher than the year-earlier period.
The structure at the top is lean, too. American doesn't have a chief commercial officer or a chief operations officer that could take on some of the company's challenges."I think American is a very hard beast to turn around," said Samuel Engel, head of the aviation practice at consulting firm ICF. "Hats off to Parker and the team because they've taken it a lot farther than other teams have gone. The current challenge is a magnitude of the challenge.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Energy just fell 4% in a week—here's the biggest area of weakness, according to one strategistEnergy stocks lost steam as mounting worries around trade and slowing global growth put pressure on the sector. Some experts expect further declines.
続きを読む »
Stocks making the biggest moves after hours: American Airlines, Qiagen, Ambarella and moreSee which stocks are posting big moves after the bell on Monday.
続きを読む »
Another theory on why stocks are under pressure lately: The 'Warren correction'Some Wall Street analysts are saying that Elizabeth Warren's recent surge in the polls is hurting stocks.
続きを読む »
Ex-Nasdaq CEO: There’s a hidden cost to free stock-market tradingBob Greifeld talks about what will change next in financial markets, the Business Roundtable’s new view of a company’s mission — and the joys of his pricey...
続きを読む »
A Fresh Look At An Old New Law: The Americans With Disabilities ActThe Americans with Disabilities Act may be the oldest 'new law' in American legal history.
続きを読む »