American Airlines Stock | Will It Survive A Recession
- American Airlines reports earnings on Thursday, July 21. Quarterly earnings are expected to be positive as consumers return to the air en masse for summer travel.
- This said, AAL is heavily indebted and is likely to post another annual loss for 2022.
- With razor-thin margins and a heavy load of debt, leases, and pensions, American Airlines needs everything in the economy to go right for the next five years - which probably won't happen.
- AAL bonds have a superior risk-reward to the stock.
Seeking Alpha
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Air Force Testing Single Pilot C-130 Ops | Pipe Dream Or Reality?
KEY POINTS:
- The U.S. Air Force is partnering with a Boston-based technology company to test using an autonomous co-pilot on its cargo transport planes, a step toward one solution for the service as it faces pilot shortages and automation begins playing a larger role in the military.
- Merlin Labs, an aviation technology company, said last week that it had reached a deal to test putting its commercial autonomous pilot technology on the Air Force's C-130J "Super Hercules" cargo planes.
- The company said in a July 13 press release that the system will allow "crew reduction," with the potential for "uncrewed flight."
- Merlin Labs' technology is software, which can take over steering an aircraft during turbulence and storms but also can conduct takeoffs and landings in addition to the traditional role of "autopilot" in maintaining a course in flight.
Military
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Republic Airlines Boasts Flight School On Par With Military
KEY POINTS:
- Republic Airways says its pilot academy is so good that their graduates should be treated as if they’re trained by the military.
- NBC’s Tom Costello reports for TODAY on how the training program is aiming to have pilots fly commercial passengers sooner to address the country’s pilot shortage.
WATCH HERE - NBC Today
We Just Got A Pilot With 2200 Hours Hired At A Legacy
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Spirit Airlines Plans Crew Base In United Stronghold
KEY POINTS:
- Spirit Airlines said Tuesday it plans to open a crew base at George Bush Intercontinental Airport in Houston, a United Airlines hub, the latest expansion as the discounter plots growth at large airports.
- Miramar, Florida-based Spirit in March announced crew bases at Delta Air Lines-dominated Hartsfield-Jackson Atlanta Airport and American Airlines hub Miami International Airport.
- Spirit says it plans to have 150 pilots and 300 flight attendants based in Houston, starting this fall. The carrier and its rivals have been scrambling to staff up to meet strong travel demand and improve reliability. Last summer, Spirit said thousands of flight cancellations over a 10-day stretch cost it about $50 million.
- Establishing a crew base in Houston, where it currently averages 22 departures a day, would mean staff who live in the area wouldn’t have to commute from another city, a common practice in aviation.
- Spirit said it would open a maintenance facility in Houston. It already has a maintenance facility in Detroit. The carrier is scheduled to end 2022 with a fleet of 197 Airbus narrow-body jets, after getting 24 new planes this year.
CNBC
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United CEO Bullish During Investor Call
- “How are we preparing for these potential declines in demand?”
- “Preparing for a decline in demand.. we’re gonna have recessions. I have never understood how companies change their strategies for what will happen for 6-9 months. Long term strategies. We have $20B in the bank. We had $6B before 2020. We’re not in a short-term crunch. A recession is an opportunity to go faster. Everyone else will pull back, and we’ll gain market share. We’re going to grow as fast as we can operationally do it. Our constraint will not be the economy. Our constraint will be how fast can we grow? Boeing deliveries? Training? We gotta get the training center humming like a machine. We’re still going to take on 100 airplanes a year.”
- “With a decrease in flying will we see an increase in flying return in 2023?”
- “We will see both. We plan to grow domestically and internationally. Domestically we plan to upguage RJ’s to mainline, so we won’t add too many domestics. Having said that the head of our network today is in Africa scouting future locations. We have the best global growth opportunities among any domestic or international carrier. Our competitive advantage around the world is what makes UA unique. Everyone has great domestic flying. We plan to take advantage of our international power.”
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We Just Got A Pilot With A Gear Up Landing Hired At A Major
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