American Airlines CEO; NYC Subway Slump; ‘Til Next Time, Beijing

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 January 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

American Airlines CEO Doug Parker spoke with CNBC’s Phil LeBeau and the ‘Squawk Box’ team to break down the company’s latest fourth-quarter earnings report. In his last interview as CEO, Parker considers omicron’s impact on industry recovery, provides a bookings forecast for the spring, and discusses the nation’s 5G rollout. The Winter Olympics kick off in two weeks, but NBC’s announcers have decided against traveling to Beijing over Covid-19 concerns. Plus, is it finally time for NYC employees to return to the office--and the office commute? If they don’t, there could be dire consequences for the rest of the city. In this episode: Doug Parker, @AmericanAir Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Ready for Departure.
0:18.6	American Airlines CEO Doug Parker is handing off the controls, but not before checking in with us about travel industry's recovery.
0:21.2	It does feel like the consumer has confidence in being able to
0:23.8	travel 30 to 60 days out. And high-flying tech stocks in correction territory, but
0:29.4	it might be okay with this team. Instead of going into an NFT I'd much rather have an overvalued
0:34.6	share of Apple or Microsoft or Google or something like that. Plus the Senate up
0:40.0	late in Washington and New York City subways are running kind of empty.
0:44.4	Maybe because some of us are too comfortable on the couch.
0:47.4	I just watch TV efficiently.
0:49.2	I don't watch like every crazy show.
0:51.8	Oh, Bonanza's not a great show.
0:54.4	It's Thursday, January 20th.
0:56.4	Squawk Pod begins right now.
0:58.6	Stand back you by in three, two, one, fuel, brief3. Good morning everybody.
1:04.0	Welcome to Squack Box right here on C.
1:06.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin,
1:10.0	and boy, what a start to the year this has been.
1:12.0	Down day for the markets across the board yesterday with the Dow off by 1% the S&P off by 1% and the NASDAQ down by 1.1% and guys at this point the declines are really starting to add up but if you've been
1:23.6	watching the NASDAQ composite or the NASDAQ 100 for this year wow
	...

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