Hello earthlings. We’re coming to you a bit earlier than usual this week. Yes, yours truly is on the road. All good. Just wreaks havoc with the PlaneBusiness Banter publishing schedule.
After I finish this, I will make my way over to the Westin Kierland in Scottsdale where this year’s Phoenix Sky Harbor International Airline Symposium opens up. Yours truly is moderating a panel this year, so I need to visit with my panel members tonight and make sure we know what the heck we’re going to talk about. Always a good thing.
All kidding aside, I am honored to have been asked to moderate this year. This is always a great industry conference.
Meanwhile, this week’s issue of PBB is now posted. What are we talking about this week? 1Q14 stock performance first and foremost.
It as a very strong quarter for the airline sector — but particularly the U.S. major airlines. We review how everyone did, and then we’ll take a look at some revisions in 1Q14 earnings estimates, and we take a look at Buckingham Research analyst Dan McKenzie’s latest competitive capacity analysis.
For those of you who are due proceeds from the final equity distribution of AAMRQ shares, that will take place on April 8. This last distribution will be the largest of the four — so shareholders of AAL shouldn’t get nervous if the stock price bobbles around a bit after this last distribution.
Meanwhile, we still don’t have one verifiable piece of wreckage from Malaysia Airlines Flight 370.
Of course that has not stopped CNN from continuing its shameless, pitiful, and at times, embarrassing coverage of the missing aircraft.
We have the latest example of that for you as well. We couldn’t resist.
This week Asiana filed a response to the NTSB in regard to its fatal crash at SFO last year. Was interesting to read the airline’s attempt to blame the software in the Boeing 777 jet for the accident. I don’t think so. While it may be the case that use of auto throttle and the auto pilot in the aircraft can be a little confusing, pilots should know how the system works. They should also know when not to land, i.e., when an approach is not stabilized.
But we all know how the official NTSB investigation process works. At this point everyone is trying to jockey for position to minimize potential liability issues.
One accident we have not heard much about from the NTSB is the Southwest Airlines accident at LaGuardia last July. In fact, unlike the Asiana crash, the NTSB has not held a hearing on the accident yet. Emails sent to a press contact at the NTSB this week went unresponded to, in regard to a potential hearing date.
Hey, all this, and much, much, more in this week’s issue of PlaneBusiness Banter.