Ed Butowsky, Managing Partner of Chapwood Investment Management, appears live on DFW’s NBC 5 News at 10pm to discuss American Airline’s report of its best quarter in 2 years, but with a $10.7 million loss. Even with the multi-million dollar loss, American reports this as a big improvement. Ed Butowsky comments, from his point of view, that if a company is stating its best quarter in sometime, but posting an $11 million loss – this industry is in trouble. Even as American Airlines expands its partnerships with other carriers, the rising costs of oil and labor, Ed points out, it will be hard to turn a profit. While the company is still in the red, it’s not stopping from buying new airplanes to replace the older less fuel efficient ones. Is this a good time to get into the airline stocks?
Tags: airlines, american airlines, amr, aviation, loss, profit