Risultati major USA 1st qtr 2016


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Snapshot con relativi links:

AA - net profit of $700 million, -25% YOY - http://hub.aa.com/en/nr/american-airlines-group-reports-first-quarter-2016-profit-4-22-2016

DL - net profit of $946 million, +27% YOY - http://ir.delta.com/news-and-events...s-Announces-March-Quarter-Profit/default.aspx

UA - net profit of $313 million, -38% YOY - http://ir.united.com/~/media/Files/...release/2016/ual-2016-q1-earnings-release.pdf

Nelle singole disamine dei risultati, ogni vettore esprime cause e concause dei risultati, con un comune denominatore dato dal calo del revenue:

AA - $9,4B (-4% YOY), "First quarter 2016 revenue was negatively impacted by competitive capacity growth, continued macroeconomic softness in Latin America, and foreign currency weakness."

DL - $9,25B (-1%), "March quarter revenue was negatively affected by $125 million in foreign currency pressures (accounting for two points of the 4.6% unit revenue drop) and a $5 million hit from the Brussels terrorist attacks and the attacks’ aftermath, which included a protracted closing of Brussels Airport."

UA - $8,2B (-4,8%), "...driven by economic factors including a strong U.S. dollar and lower oil prices. In addition, the company experienced a larger-than-anticipated decrease in close-in business travel during the weeks surrounding the Easter holiday and spring break."

In ogni caso, AA e UA battono le aspettative degli analisti finanziari e tutte godono di buona salute in un quarto sempre molto complesso per fare profitti.
 
Anche in un mercato come quello USA dove c'e' gia stato ampio consolidamento e "capacity discipline" (termine usato per descrivere tagli di capacita' per mantenere livelli di ricavi accettabili), e' evidente come ci sia anche li un problema di ricavi e cali importanti degli yields su quasi tutti i mercati.