American Airlines American Airlines kicks us off today, reporting $1.15 a share on revenue of $11.3 billion. Estimates were for $1.15 on $11.4 billion. So revenue a little light. AAL also guided for full year 2020... $4 to $6 per share. Estimates are for $5.04, so I guess they're still on target there. A 30-50% … Continue reading Today’s Earnings
Category: 1st Quarter
2020 First Quarter Commentary
THE FEDERAL RESERVE BOARD (Lender of last resort in the event of banking panics) Today’s Fed also seems to want to be a lender of early resort to nip recession in the bud. However, promoting a public perception that the Fed will always be able to prevent serious recessions and drop in asset prices is … Continue reading 2020 First Quarter Commentary