Thread by @EpsilonTheory, I see that American Airlines fired 19 THOUSAND people today, a few [...]

Ben Hunt

EpsilonTheory

I see that American Airlines fired 19 THOUSAND people today, a few months after their $6 billion bailout.

Did you know that CEO Doug Parker cashed in $200 million in stock-based comp over the past 7 years?

Burn. It. The. Fuck. Down.

#BITFD https://www.epsilontheory.com/do-the-right-thing/#.X0Vz-mXovQc.twitter">https://www.epsilontheory.com/do-the-ri...

Do The Right Thing | Epsilon Theory

I'm angry that I have to write this note about the airline industry and how to structure the bail-out of United, Delta, American and Southwest. But I must, because the raccoons and the high-functio...

https://www.epsilontheory.com/do-the-right-thing/#.X0Vz-mXovQc.twitter

From 2014 - 2019, the same years that CEO Doug Parker pocketed $200 million in stock-based comp, American Airlines had *negative* free cash flow of $3.2 billion.

And took on an additional $14 billion in debt.

And bought back $13 billion of its stock.

#BITFD

How did CEO Doug Parker do for his American Airlines shareholders from 2014 - 2019, the years where he pocketed $200 million in stock-based comp?

Over this six year period, AAL stock was up 13%. Not 13% per year, but 13% over SIX YEARS of the best bull market in history.

#BITFD

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