Backed by Buffett, American Air’s CE seeks Wall Street buy-in
At American Airlines, profits are fat, travel demand is setting records, and Warren Buffett recently delivered a huge vote of confidence. However, the carrier is trailing the market again after a lacklustre 2016 and a 21% drop in 2015. It abandoned part of a plan to eke out a few extra bucks by squeezing flyers into tighter spaces. Tough new security rules could be around the corner. And a lack of staffers in the Trump administration is impeding progress on a trade dispute with Arabian Gulf airlines. But this time is different, says CE Doug Parker. Airlines have left behind “continuous boom and bust cycles where the busts were bigger than the boom.” The challenge now is to win over investors and customers in an age when every misstep can be magnified on social media. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-19/oneworld/backed-by-buffett-american-air2019s-ce-seeks-wall-street-buy-in
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Backed by Buffett, American Air’s CE seeks Wall Street buy-in
At American Airlines, profits are fat, travel demand is setting records, and Warren Buffett recently delivered a huge vote of confidence. However, the carrier is trailing the market again after a lacklustre 2016 and a 21% drop in 2015. It abandoned part of a plan to eke out a few extra bucks by squeezing flyers into tighter spaces. Tough new security rules could be around the corner. And a lack of staffers in the Trump administration is impeding progress on a trade dispute with Arabian Gulf airlines. But this time is different, says CE Doug Parker. Airlines have left behind “continuous boom and bust cycles where the busts were bigger than the boom.” The challenge now is to win over investors and customers in an age when every misstep can be magnified on social media. <br/>
