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UAL Post Q1 Loss - $542mil  
User currently offlineLAXintl From United States of America, joined May 2000, 25741 posts, RR: 50
Posted (6 years 6 months 4 days 10 hours ago) and read 11439 times:



Quote:
UAL Corporation Reports First Quarter 2008 Results
Announces Actions to Combat Higher Fuel Costs

CHICAGO, April 22, 2008 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, reported a pre-tax loss of $542 million for the first quarter ended March 31, 2008, $305 million higher than the first quarter of 2007, driven primarily by a $618 million increase in consolidated fuel expense. For the quarter, the company:

-- Reported basic and diluted loss per share (EPS) of $(4.45).

-- Increased mainline passenger unit revenue (or PRASM) by 8.7 percent
year-over-year through continued capacity discipline and strong yield
management.

-- Continued its focus on controlling costs, with mainline cost per
available seat mile (CASM), excluding fuel and special items, for the
quarter up 2.4 percent versus 2007. Mainline CASM for the quarter was
up 15.9 percent versus the first quarter of 2007, reflecting a
50 percent increase in fuel price.

-- Strengthened its balance sheet by reducing on and off balance sheet
debt by $195 million. The company ended the quarter with an
unrestricted cash and short-term investments balance of $2.9 billion
and restricted cash of $0.7 billion.

-- Announced a plan to reduce 2008 non-fuel costs by an incremental
$200 million and to reduce 2008 capital expenditures by $200 million.

-- Acted decisively to reduce mainline domestic capacity by approximately
9 percent by the fourth quarter, on top of a 5 percent reduction in the
fourth quarter of 2007.

-- Announced plans to eliminate 30 aircraft from its operating fleet, 10
to 15 more aircraft than initially announced in March.

http://biz.yahoo.com/prnews/080422/aqtu012.html?.v=48


From the desert to the sea, to all of Southern California
127 replies: All unread, showing first 25:
 
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13744 posts, RR: 19
Reply 1, posted (6 years 6 months 4 days 10 hours ago) and read 11445 times:

Ouch. Oh dear. Poor United  Sad


Anyone can fly, only the best Soar.
User currently offlineB707forever From United States of America, joined Dec 2007, 459 posts, RR: 0
Reply 2, posted (6 years 6 months 4 days 10 hours ago) and read 11416 times:

Hold onto your hat everyone. I've been saying a major is going to go bye bye this year. It's so clearly the price of fuel. The US government, for its misguided war, should be paying these airlines something to survive, considering they ultimately are responsible for these balance sheets. The 1st quarter would have been OK had the fuel costs been reasonable. Oh well, I've been saying for awhile, the American days of Empireness are over. This is yet another sign.

User currently onlineStitch From United States of America, joined Jul 2005, 31107 posts, RR: 85
Reply 3, posted (6 years 6 months 4 days 10 hours ago) and read 11404 times:
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UA is raising fares and fees, so that will help generate revenue if it doesn't chase too many people away.

User currently offlineSevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 4, posted (6 years 6 months 4 days 10 hours ago) and read 11392 times:

Yeah - this terminally ill, money burning machine needs to be allowed to go bust. Enough bailouts - let them sink. They are not strong enough to survive, lack vision, and are a drain on the US taxpayer. Let the fittest survive. And do not resuscitate a dead duck. DNR.

User currently offlineCommavia From United States of America, joined Apr 2005, 11752 posts, RR: 62
Reply 5, posted (6 years 6 months 4 days 10 hours ago) and read 11374 times:

Ouch, that's rough.

The real killer is that they were cash flow-negative for the quarter.

Profits and losses are paper numbers generated by accounting, and aren't really representative of movements of cash.

I think United will ultimately survive, or merge with Continental. I suspect it will be one of the two - I don't foresee United going out of business completely.


User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4109 posts, RR: 5
Reply 6, posted (6 years 6 months 4 days 10 hours ago) and read 11275 times:

Quoting Sevenair (Reply 4):
Yeah - this terminally ill, money burning machine needs to be allowed to go bust. Enough bailouts - let them sink. They are not strong enough to survive, lack vision, and are a drain on the US taxpayer. Let the fittest survive. And do not resuscitate a dead duck. DNR.

Oh for god's sake, you act like they're the only one who posted a loss! AMR just posed a $328 mil loss, not as bad but certainly not good! Even the LCCs are posting small losses...

Notice that the loss is entirely within the INCREASE in fuel prices this quarter. Unfortunately, none of the US majors really have a game plan to deal with fuel prices, and shame on them for it. They're slowly starting to get their act together, but I don't see one of them shutting down. If UA/CO happens, I could see US getting pushed out of the market just due to market share, but that's about the only scenario I see.

[Edited 2008-04-22 05:51:15]

[Edited 2008-04-22 05:54:37]

User currently offlineANstar From United Kingdom, joined Nov 2003, 5263 posts, RR: 7
Reply 7, posted (6 years 6 months 4 days 10 hours ago) and read 11272 times:

So they have $700M in unrestricted cash.... and lost $542M in 3 months.... how long till we see Chapter 11 then?

User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4109 posts, RR: 5
Reply 8, posted (6 years 6 months 4 days 10 hours ago) and read 11248 times:



Quoting ANstar (Reply 7):
So they have $700M in unrestricted cash.... and lost $542M in 3 months.... how long till we see Chapter 11 then?

Read more carefully. They have $2.9 billion unrestricted and $0.7 billion restricted.


User currently offlineANstar From United Kingdom, joined Nov 2003, 5263 posts, RR: 7
Reply 9, posted (6 years 6 months 4 days 10 hours ago) and read 11228 times:

Quoting FriendlySkies (Reply 8):
ead more carefully. They have $2.9 billion unrestricted and $0.7 billion restricted.

Actually, you should read more carefully....

My quote was

Quoting ANstar (Reply 7):
00M in unrestricted cash....


So restriceted cash is just that... RESTRICTED

This is not good for united...especially considering a larger carrier like aa lost something like $380M in comparison...

[Edited 2008-04-22 05:56:12]

User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4109 posts, RR: 5
Reply 10, posted (6 years 6 months 4 days 10 hours ago) and read 11208 times:

Quoting ANstar (Reply 9):
Actually, you should read more carefully....

My quote was

Where did you get that number? From the linked article:

Quote:

Cash and cash equivalents $2,438 $3,176 (23.2)
Short-term investments 486 193 151.8
Restricted cash 728 856 (15.0)
Total cash and cash equivalents,
short-term investments and
restricted cash (a) $3,652 $4,225 (13.6)

That says they have $2.438 billion in cash and cash equivalents, $728 million of which is restricted. It also shows the net negative cash flow was 23.2 million unrestricted. The entire $542 million isn't a cash loss.

[Edited 2008-04-22 05:59:46]

User currently offlineANstar From United Kingdom, joined Nov 2003, 5263 posts, RR: 7
Reply 11, posted (6 years 6 months 4 days 10 hours ago) and read 11155 times:



Quoting LAXintl (Thread starter):
and restricted cash of $0.7 billion

well

Quoting FriendlySkies (Reply 10):
Where did you get that number? From the linked article:

Thats where.....


User currently offlineSevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 12, posted (6 years 6 months 4 days 10 hours ago) and read 11129 times:



Quoting FriendlySkies (Reply 6):
Unfortunately, none of the US majors really have a game plan to deal with fuel prices, and shame on them for it.

Agreed - but the legacies have been in a mess for a long time, long before 9/11. They have had enough time to adapt, and posting hundreds of millions of $$$ of losses in ONE QUATER proves one thing - they still have not got it right. They have been given enough time, enough bailouts, enough help, and still, they are a disaster.


User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 13, posted (6 years 6 months 4 days 10 hours ago) and read 11099 times:

So what are these additional aircraft they are going to cut from the fleet?

Not good figures by any means but Its red ink everywhere at the moment in the US (WN excepted and thet may not last!).

God knows how the legacies are going to combat the fuel issue, increases in tickets etc, seem to be the norm every week...can that be sustained?

A week on after the DL/NW merger news I wonder if both CO and UA figures will speed up a similar annoucement?


User currently offlineFlyPNS1 From United States of America, joined Nov 1999, 6630 posts, RR: 24
Reply 14, posted (6 years 6 months 4 days 10 hours ago) and read 11077 times:



Quoting LAXintl (Thread starter):
restricted cash of $0.7 billion.



Quoting ANstar (Reply 7):
So they have $700M in unrestricted cash

I think you need to read more closely.

These numbers are bad, but not a total surprise. UA is in no immediate danger of liquidation, but this can't continue for long. I


User currently offlineFreequentFlier From United States of America, joined Feb 2007, 901 posts, RR: 12
Reply 15, posted (6 years 6 months 4 days 10 hours ago) and read 11062 times:

Folks, before anyone goes nuts, profit and loss statements by all carriers are accounting numbers. The name of the game for all carriers is cash on hand these days, and UA still has 3.6 billion in cash. Then again, with oil prices so high these days, with seemingly no end in sight, that could go in a month or so!  Wink Ok maybe not, but oil prices are reaching the point of absurdity.

User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Reply 16, posted (6 years 6 months 4 days 10 hours ago) and read 11038 times:

Anyone care to post when DL's results will be out?


What gets measured gets done.
User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4109 posts, RR: 5
Reply 17, posted (6 years 6 months 4 days 10 hours ago) and read 11003 times:



Quote:

Quoting FriendlySkies (Reply 10):
Where did you get that number? From the linked article:

Thats where.....

You're making it sound like UA only has $700 million in the bank, which is flat out wrong.

Also, my second post was wrong. They have $2.438 billion in unrestricted cash PLUS $728 million restricted.


User currently offlineComorin From United States of America, joined May 2005, 4900 posts, RR: 16
Reply 18, posted (6 years 6 months 4 days 9 hours ago) and read 10938 times:

From the same article:

Strong Liquidity Position

Due primarily to escalating fuel prices, the company generated negative operating cash flow of $80 million. The company made a special distribution of approximately $250 million to stockholders during the quarter and reduced on and off balance sheet debt by $195 million, ending the quarter with an unrestricted cash and short-term investments balance of $2.9 billion and a restricted cash balance of $728 million. Free cash flow, defined as operating cash flow less capital expenditures, declined to a negative $181 million.

In addition to its strong cash balance, the company has over $3 billion in unencumbered assets that provide it with significant flexibility to raise additional cash, if necessary.


Let's not write off UAL yet...they have the cash for a few more lousy quarters. Must be no fun being an airline CEO these days.

However, if fuel costs go up further, thanks to demand from India/China, UAL will be in a crunch by year end. A slowdown in the domestic economy will make it difficult to compensate with increased ticket prices.

Edit: sp

[Edited 2008-04-22 06:38:37]

User currently offlineSevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 19, posted (6 years 6 months 4 days 9 hours ago) and read 10912 times:



Quoting UAL777UK (Reply 13):
God knows how the legacies are going to combat the fuel issue, increases in tickets etc, seem to be the norm every week...can that be sustained?

Riaisng prices is not easy when your main customer base cries when they have to pay £1.50 a gallon for petrol!


User currently offlineCOflyerBOS From United States of America, joined Jun 2007, 308 posts, RR: 0
Reply 20, posted (6 years 6 months 4 days 9 hours ago) and read 10875 times:

This is bad news for sure but I certainly hope CO backs away from the merger mania booth.

User currently onlineStitch From United States of America, joined Jul 2005, 31107 posts, RR: 85
Reply 21, posted (6 years 6 months 4 days 9 hours ago) and read 10859 times:
Support Airliners.net - become a First Class Member!



Quoting Sevenair (Reply 19):
Riaisng prices is not easy when your main customer base cries when they have to pay £1.50 a gallon for petrol!

Which is why you also cut capacity, as UA and others are doing, to tailor your available seats to the number of customers who can and will pay the higher prices.


User currently offlineRDUDDJI From Lesotho, joined Jun 2004, 1516 posts, RR: 3
Reply 22, posted (6 years 6 months 4 days 9 hours ago) and read 10806 times:

UA is also laying off 1,100 employees. 500 Mgt, 600 Non Mgt. I am so glad I left last year.

http://biz.yahoo.com/ap/080422/earns_ual.html?.v=4

Quoting B707forever (Reply 2):
The US government, for its misguided war, should be paying these airlines something to survive, considering they ultimately are responsible for these balance sheets. The 1st quarter would have been OK had the fuel costs been reasonable. Oh well, I've been saying for awhile, the American days of Empireness are over. This is yet another sign.

What have you been smoking? Neither the U.S. gov't or Iraq set the price of oil?! It's market driven. If anyone is to blame, its China, for their skyrocketing demand as their economy is coming of age. Not to mention their currency being tied to the USD, and the fact that oil is priced in USD. But all of that is a story for another thread.



Sometimes we don't realize the good times when we're in them
User currently offlineBurkhard From Germany, joined Nov 2006, 4399 posts, RR: 2
Reply 23, posted (6 years 6 months 4 days 9 hours ago) and read 10805 times:

Lufthansa needs several weeks to make $542 million - in profit. Looks like the US haven't got yet that they are in the middle of a severe inflation.

User currently offlineCtermua From United States of America, joined Jan 2006, 37 posts, RR: 0
Reply 24, posted (6 years 6 months 4 days 9 hours ago) and read 10792 times:

As an employee, I would say losing half a billion dollars in one quarter just reinforces my view that United is a completely rudderless ship. Our CEO and his team are spending most of thier time working out a marriage/sell off and and as the ship goes down, throwing random bandaids on the bleeding.(ie..raising change fees 50%) Granted, oil prices are out of control, but a good CEO will PLAN for worst case not just react. Our employees and customers deserve better...(loud sigh)

25 Comorin : UAL is also trading close to Book Value (Market Cap about $2.5B) so the markets are discounting all future cash flows from ops to zero. So if you went
26 EXAAUADL : please, if it was that easy to kill an airline the industry would be in the mess it's in. They have over $3b in cash. A company can live a long time
27 JayDub : I think it's time to see Glenn Tilton's head on a platter. I know he's there to make UA an aquisition target, but it is starting to look like no one w
28 B757capt : All the 737-500 will be grounded. Thats the old United Shuttle aircraft.
29 Socalfive : That is EXACTLY right except the drain on the tax payer, they're a drain on investors. UA hasn't learned to make money since before 9/11. The employe
30 Burkhard : The Chinese ( and Saudi ) currencies are no longer coupled to the USD. That is one of the reasons the USD is falling and oil gets so expensive in USD.
31 PSU.DTW.SCE : Easy for everyone to be critical of United, but I'd like to see you develop a business plan that is fluid enough to reacts rapidly enough to the quick
32 United787 : This is sad, agreed. But it appears as though the biggest problem for all the airlines is fuel and fares. Fuel is to high and fares are too low. Are a
33 Jfk777 : UA should be printing money in Asia with the Aussie dollar, the Yuan and the YEN all appreciating against the USD. The Euro should help too. IF UA can
34 Mcdu : Is basic reading and finances lost on you? Sit down, read the report again. Look at restricted and UNRESTRICTED cash numbers and then come back to th
35 Enilria : The real problem is that fuel keeps going up and fares aren't. If you add to that the losses the airlines are already facing you can expect United to
36 Beaucaire : The United-shares lose an unprecedented - 34.8 %!!!![Edited 2008-04-22 08:43:01]
37 Gigneil : You're not even an American. Point a single taxpayer dollar. I guess you both missed Continental's announcement last week, which was also horrendousl
38 N844AA : As of 11:48 a.m. EDT (20 min. delayed), CAL now has a larger market cap than UAUA. Not that that really means anything, but that wasn't the case when
39 Fonseca33 : Tha Saudi currency, and most of the oil countries in the Gulf are still tied with the dollar, and they have said recently that it will stay that way.
40 CALMSP : does anyone know what type of management staff is being let go??
41 LAXDESI : UAL has been taking a depreciation charge of around $225 million; So in cash flow terms, UAL lost around $320 million last quarter. At the current rat
42 Zvezda : Dividends to the shareholders are not a gift. That money is already owned by the shareholders. If they want it back, management must give it back. If
43 Richierich : I wondered the same thing. Very very scary for anybody closely affiliated with UA. There comes a point where there is only so much fat that can be cu
44 Beaucaire : To put things into perspective : Market caps of some airlines – Air France 5.7billion € ( 9.12 billion $ ) Lufthansa 8.1 billion € ( 13 billion
45 United787 : Can someone list all of the US airlines 1Q results in relation to their revenue or loss per share or some other economic indicator? Thanks!
46 United1 : Actually UAL was around -80million in operating cash flow, which is not good but survivable in the short to medium term. So this was the bad quarter
47 MoMan : Hopefully everyone from Tilton's office down to front line flight supervisors.
48 LAXdude1023 : Wow, thats a low blow. I thought AA wouls be the worst off this Quarter. I believe the only way to solve this for the airlines is to lower capacity an
49 Panova98 : If you can't price your services to cover costs, get out of the business. Strange, but airline pricing people seem so adept at setting prices to run t
50 MaverickM11 : I think with Easter falling in Q1, Q2 is going to be in the red as well.
51 United1 : it's possible, however 2nd quarter shouldn't be anywhere near as bad as this one, and they should be back to cash positive of course god only knows w
52 LAXDESI : I wish it was that simple in practice.
53 Panova98 : Darn it, I really wanted to buy some UAL shares yesterday, but I got sooo involved in this forum. Oh well, I guess nothing's happening with the share
54 Mcdu : Sorry but this was a gift. This was a one time SPECIAL dividend to generate shareholder desire to own UAL stock. So please research this dividend pri
55 Beaucaire : I bought a bunch of United shares,since i'm confident they will recover to a large extent in some months.. You'll never ever will get them so cheap !
56 Gigneil : The stock market is all science fiction, anyway, but analysts need to start getting fired. Their forecast accuracy on blue chips lately has been appal
57 Socalfive : Never missed a thing, but that's part of my point, there's little good reason to make things much more difficult in survival mode by taking on this a
58 Gigneil : That would be the point. NS
59 United1 : Exactly, one of the reasons why the reaction to DL/NW was rather mediocre was because they arent planning on pulling capacity out. US carries need to
60 Artsyman : The bottom line is. If the price of fuel continues to rise at the rate it is currently rising at, then no matter what the airlines do, they will not b
61 YWG747 : You are correct. Negative cash flow is a really bad sign. UAL
62 F9Animal : Tilton should have been gone a long time ago. He really has done little to help UA. Since he has been at the helm, he really has done more harm than
63 Jacobin777 : I wouldn't be surprised to see UA end or cut its dividend. Why? Really? Last I recalled, he helped steer UA from the very real possibility of Chapter
64 Socalfive : Well, I don't think anybody wants to see anybody go down, but I think the clock has run out and the train left the station on the sense of these merge
65 Ludavid777 : United Airlines lost $542 million, or $4.45 per share. American Airlines lost $328 million, or $1.32 per share Continental Airlines lost $80 million,
66 Bond007 : No, it's the lack of planning for it ... see below. Correct! Sure it is. ...or go out of business. There is a middle ground between loss making fares
67 Planespotting : All analysts are the same right now - "The whole market is going down, sell sell sell - well ... that is, everyone except the stocks I cover."
68 StuckInCA : Uh.... why should the government pay the airlines? If that were reasonable, why not pay businesses in other sectors which have also been affected by
69 Spacecadet : Or governments need to change. Is the purpose of government to make it more difficult for businesses to exist? We're talking across the board here, a
70 Planefxr : Considering UA recently reorganized under chapter 11 and AMR has not, operates what looks like should be a more fuel efficient fleet than AMR i.e. UA
71 Planefxr : DL pilots gave up some concessions to allow the deal to move forward. The increase you are reffering to is spread out over 5 years, something like 5
72 Apodino : Well the US gov't, specifically the fed is somewhat to blame. The fed has continued to cut interest rates, even in the face of obvious inflation, whi
73 FriendlySkies : Last I recall, Tilton authorized a $250 million special dividend when the airline was struggling to turn a profit. I think the real problem at UA is
74 Gigneil : To some extent, that's the point. The board exists for oversight and regulatory reasons and directors are preferred for being from diverse industry.
75 FriendlySkies : That's what I meant...I always get the two confused. What do you call the CEO, CFO, COO, etc? Upper management? My point is that the people at the to
76 Uadc8contrail : iirc there was a thread a while back about ual looking at selling mpi. quotes from the thread had ual valueing mpi at about 5-7 bln....i wonder if mpi
77 Planefxr : I get what your saying and in many ways, I 100 percent agree with you. DL and UA are very similar in this aspect.After Ron Allen DL went the route of
78 United1 : They talked about it on the conference call as well as selling the MRO, they indicated that they would be talking about it more either on the 2nd or
79 Ikramerica : Please take at least one course in financial accounting before you tell anyone that a dividend to shareholders is a gift, no matter if it is a one ti
80 F9Animal : Decent is not going to cut it. United needs superb, and Tilton is not superb. For the price UA pays for him to steer UA into a 500 million dollar plu
81 United1 : As you said whats killing everyone is fuel right now, and in the face of that I don't think any of the airlines are doing horrendously....including C
82 Ikramerica : And it does seem like the airlines have the ability to grow revenues by 10-15% year over year and still gain customers while cutting capacity. With f
83 VV701 : Please be assured that you do not have to be an American citizen to pay American taxes. I am British and pay a small amount of tax to the American go
84 Socalfive : To some degree you're generally right, however "The FED" has nothing to do with the Federal Gov't. That's the biggest problem of all, it's a small cr
85 United1 : The Feds have not given the US airline industry a penny since the losses from the 9/11 shutdown were reimbursed. Your original point about the feds n
86 MrBrightSide : Yawn... all of these fuel prices could be a thing of the past if US would not want to force Middle East and start relying on domestic oil, which is un
87 XJET : So nice to see this pointed out. Nice! The Fed is contributing to the deflation of the dollar which in turn raises the cost of oil when bought with g
88 Bond007 : C'mon guys, let's stop this nonsense about fuel, and let's start reading the numbers instead of the narrative from UAL. Fuel costs are 30% of total t
89 United1 : Even with fuel at $150 a barrel the airlines can survive if they can raise fares enough to cover the additional costs, but I think your correct in th
90 Socalfive : And then some! By the way, the price of oil isn't really increasing all that much, the value of the dollar is tanking so quickly only OIL can be the
91 Gigneil : Oil is priced in dollars, and most of the currencies of the Middle East are pegged to the dollar. There isn't really a problem - its what the market w
92 United1 : UAs costs (excluding fuel) went up by 2.4% from Q1/07, thats actually less then inflation, and revenue was up by 8.7%, some of that 2.4% is due to th
93 LACA773 : Okay. Where are we going to see service cuts? Routes?
94 FriendlySkies : Most likely just reduced capacity, I don't see them cutting any routes. I'd expect the 735s to be replaced almost 1 for 1 by 70 seat RJs, UA seems to
95 United1 : None of the capacity is coming out till after the summer season at this point, and like Friendly skies said you probably won't see any route cuts jus
96 LAXdude1023 : Sooner rather than later hopefully. For the most part I would imagine that the cuts would come from the domestic network. Their international network
97 Post contains images Bond007 : SO ..... the cost of running the airline (including fuel) actually increased this year by 379%. You can exclude anything you like, but it's not reali
98 Acey559 : I feel bad for UA. I'm not really a huge UA fan, but they are my homestate airline, and they were once such an iconic airline in the world that I real
99 United1 : No the cost of running the airline did not increase by 379% this year. The only use that 379% figure relay has is as a headline in some newspapers bu
100 Bond007 : Like I said, please correct me ... I'm willing to listen and understand how I mis-read the "numbers from an accounting perspective". Go ahead. From a
101 United1 : The only thing that the 379% refers to correctly is the percentage difference in the amount of the loss this year vs last. It doesn't mean that it co
102 Pellegrine : The number is big and looks shocking, but in all actuality this quarter was not so significant. It will be interesting to see how Q2 and 3 turn out fo
103 Jacobin777 : ..that was when UA had a quarterly profit. The loss wasn't as "big" as many are making out to be (in terms of cash that is). A lot of it is accountin
104 Sevenair : But - why should people who choose to fly efficient, profitable airlines be forced to pay high fares so other people can fly high-fare, low service a
105 United1 : Nostalgia has nothing to do with it, out off all the major US carriers so far only one has reported a profit and half of all the Majors are are LCCs.
106 UAL777UK : What ever happened to UA selling Mileplus to raise capital?
107 Sevenair : Well, there must be something. A lot of people view 'their' airline like a football team. And thus, they see them more than just businesses. You can
108 United1 : Still in the table, nothing pending however, on the conference call today they spoke of that as well as spinning off the MRO. They said that they sho
109 Baw716 : The whole industry is taking a hit as a result of the dramatic (and continuing) increase in the price of jet fuel. Unfortunately, UA is a big entity a
110 United1 : Hi Baw716, They have 3.6Billion in total cash the 700M figure that you saw is restricted cash, and 2.9B in unrestricted cash.
111 814NAS : Sorry, you can't blame the arab nations on this one. Only Kuwait has depegged from the USD currently. Many expats, mostly non-US, out here dearly wis
112 NwaLAS : Ouch is Right!!! Okay....how many quarters does it take to burn through 2.9 billion dollars at $542 million a quarter???? I see bankruptcy again at th
113 VV701 : Obviously a case of mistaken identity. Here for reference purposes is my total contribution to this thread: As you can see I have not mentioned 'the
114 Bond007 : Which I what I originally said, and probably got misquoted by myself. An appalling figure! Jimbo
115 United1 : Sorry about that was trying to quote sevenair not sure how you got in the mix. The 542M was not all cash, UA actually only burned about 80M in cash t
116 Hiflyer : Ahh here comes the demise of UA....even though DL just dropped a 6.1B writeoff for 'goodwill'...yeah right. Getting the 735's and 733's out of their f
117 Socalfive : That's because WASHINGTON is the cause of it, and it's intentional.
118 Mcdu : Without breaking down the numbers you could derive your SIMPLE math. However you need to read the real fact that of the UAL only had 80mil in reducti
119 VictorKilo : I agree, unless credit card processors demand more cash from United to process transactions (similar to what happened to Froniter), causing a cash cr
120 AirFrnt : The DL and NW results make this look positively warm and fuzzy.
121 Jacobin777 : No, because its UA and not their beloved NW or DL (and this is coming from an AA KoolAider). . Most on the NW/DL loss threads are now either keeping
122 FlyDreamliner : I am a big UA fan. Lately, I'll concede, they aren't what they once were, I have faith that when oil backs off a bit and they can recover, they'll be
123 United787 : Thank you. Now that we have Delta and Northwest, can someone fill in the blank? Delta lost $274 million, or $0.69 per share Northwest lost $191 milli
124 Ikramerica : Loss per share is meaningless in comparitive terms, because you can "win" by splitting your stock. Loss in relation to market cap is a more interestin
125 United787 : Ikra, do you have those numbers?
126 Panamair : Here's how they stack up so far: CO: Operating revenues: $3.570 billion Operating Loss: $74 million (operating margin: -2.07%) Net Loss (excluding sp
127 FiveMileFinal : Let's see. Raggedy planes...raggedy customer service...raggedy balance sheet. Adds up here!
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