Bold Statement...AA CEO " We Will Never Lose Money Again"!?

It was a bold statement, even for an investor day.


"I don't think we're ever going to lose money again," American Airlines CEO Doug Parker said Thursday.
Airlines have reaped the benefits of a plunge in oil prices in mid-2014, raking in record profits. It's been a sharp turnaround for an industry that has suffered bankruptcies and recessions over the last decade.
That's not to say there aren't pressures. The largest U.S. carrier earlier this month lowered its revenue outlook for the third quarter following massive hurricanes.


"The old world was darkness, but now it's light," he said. "I know I sound like an evangelist talking about this."
But behind the outlook is the airline's confidence that it can wring more from passengers.