Jun 15 2010
Parsing AMRs Gerard Arpey
Well, when Terry digs into these long airline conferences you get a bounty of good blog posts. From me, all you get this, so I apologize in advance.
The interesting part of the Bank of America conference today was Gerard Arpey’s responses to questions about where he’s taking his airline and how he views the competition. Much of his responses echoed his comments earlier on earnings calls and the like about AA’s strategies. Some of it seemed pretty fresh to me and other observers.
Arpey laid out the good news first: unit revenue up 17 percent for Q2 over last year (a somewhat easy comp, but hey, we’ll take the comps we get), and he thinks the carrier’s strategy to fortify its best performing hubs is going to pay off as business travelers stop caring about what they pay to fly. He didn’t say that last part; that’s just a favorite way of me saying fares are rising. Nobody likes the term “price-insensitive” but everyone seems to nod their head at “price-sensitive.”
More on Gerard’s thoughts after the click.
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