Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
UA Reports Q2 Net Income Of $339 Million  
User currently offlineairlineaddict From United States of America, joined Jan 2005, 420 posts, RR: 1
Posted (2 years 4 months 2 days 11 hours ago) and read 7617 times:
Support Airliners.net - become a First Class Member!

Total revenue for Q2: $9.9 billion
Net income including special charges: $339 million
Net income excluding special charges: $545 million

http://finance.yahoo.com/news/united...second-quarter-2012-113000230.html

24 replies: All unread, jump to last
 
User currently offlineHAL From United States of America, joined Jan 2002, 2568 posts, RR: 53
Reply 1, posted (2 years 4 months 2 days 11 hours ago) and read 7591 times:

Congrats to UA/CO. That's an impressive figure, especially considering the expenses involved with the merger. I just hope they can see their way to include the employees in the increasing profits, as everyone I know who works there is complaining about how bad the work conditions have become since the merger. I'd like to see the airline once again become a place where all the employees see it as a wonderful place to be employed.

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineSTT757 From United States of America, joined Mar 2000, 16892 posts, RR: 51
Reply 2, posted (2 years 4 months 2 days 11 hours ago) and read 7431 times:

Really impressive numbers, and the synergies of the merger are not even fully realized yet. They need to get a deal worker out with the unions so everyone could move forward.


Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineSulley From United States of America, joined Jan 2010, 537 posts, RR: 4
Reply 3, posted (2 years 4 months 2 days 10 hours ago) and read 7277 times:

How can this be?

According to FlyerTalk, UA lost eleventy-billon dollars in Q2.



In thrust we trust!
User currently offlinemogandoCI From , joined Dec 1969, posts, RR:
Reply 4, posted (2 years 4 months 2 days 9 hours ago) and read 7103 times:

Quoting Sulley (Reply 3):
According to FlyerTalk, UA lost eleventy-billon dollars in Q2.

Because they think GS'es and 1K's alone would be enough to flip a company between profit and loss.  


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17784 posts, RR: 46
Reply 5, posted (2 years 4 months 2 days 9 hours ago) and read 6964 times:

Quoting mogandoCI (Reply 4):
Because they think GS'es and 1K's alone would be enough to flip a company between profit and loss.
Quoting Sulley (Reply 3):
According to FlyerTalk, UA lost eleventy-billon dollars in Q2.

Flyertalk has enough delusion and denial to start a new religion 



E pur si muove -Galileo
User currently onlineScottB From United States of America, joined Jul 2000, 6808 posts, RR: 32
Reply 6, posted (2 years 4 months 2 days 9 hours ago) and read 6945 times:

Quoting HAL (Reply 1):
That's an impressive figure, especially considering the expenses involved with the merger.

It's actually not impressive at all when considering it is a decline of 37% in net income year-over-year; the decrease of $228 million in operating profit is far larger than the $60 million increase in integration costs, that increase largely due to severance paid to terminated employees.

It's also disappointing when you look at metrics like passenger RASM -- up only 1.8% year-over-year compared to 8.5% at Delta or 5.5% at Southwest.


User currently offlineRDH3E From United States of America, joined Mar 2011, 1798 posts, RR: 3
Reply 7, posted (2 years 4 months 2 days 9 hours ago) and read 6892 times:

Quoting ScottB (Reply 6):
It's actually not impressive at all when considering it is a decline of 37% in net income year-over-year; the decrease of $228 million in operating profit is far larger than the $60 million increase in integration costs, that increase largely due to severance paid to terminated employees.

It's also disappointing when you look at metrics like passenger RASM -- up only 1.8% year-over-year compared to 8.5% at Delta or 5.5% at Southwest.

To the first part of your statement, I'd say that it's also tied to a disproportionate increase in OpEx.

The Revenue side, I believe is tied to the fact that the operation has horrid through most of Q2. I believe Q3 will probably show a much more telling picture of the new company because some of the support mechanisms to help things run more smoothly will have been put in place.


User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5560 posts, RR: 7
Reply 8, posted (2 years 4 months 2 days 9 hours ago) and read 6808 times:

Interesting: the updated fleet plan shows no 787's until the fourth quarter. Previous forecasts had been for the initial delivery in September.


Edit: Never mind. The earnings conference said delivery will still be in Sept. EIS in fourth quarter.

[Edited 2012-07-26 07:49:23]


I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineCubsrule From United States of America, joined May 2004, 23217 posts, RR: 20
Reply 9, posted (2 years 4 months 2 days 8 hours ago) and read 6670 times:

Quoting RDH3E (Reply 7):
The Revenue side, I believe is tied to the fact that the operation has horrid through most of Q2. I believe Q3 will probably show a much more telling picture of the new company because some of the support mechanisms to help things run more smoothly will have been put in place.

Trouble is, as UA managers know from the summer of 2000, passengers who drive RASM gains tend to have long memories regarding operational problems.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineRDH3E From United States of America, joined Mar 2011, 1798 posts, RR: 3
Reply 10, posted (2 years 4 months 2 days 8 hours ago) and read 6588 times:

Quoting Cubsrule (Reply 9):
Trouble is, as UA managers know from the summer of 2000, passengers who drive RASM gains tend to have long memories regarding operational problems.

But, as much as we love to vilify how HORRIBLE UA is performing right now, if you graph the A:14 by "months post merger" UA's on-time performance has mirrored DL's performance to a scary degree, it's almost identical. And DL did see a large decline in on-time in the time-frame we are in right now.


User currently offlineCubsrule From United States of America, joined May 2004, 23217 posts, RR: 20
Reply 11, posted (2 years 4 months 2 days 8 hours ago) and read 6530 times:

Quoting RDH3E (Reply 10):
But, as much as we love to vilify how HORRIBLE UA is performing right now, if you graph the A:14 by "months post merger" UA's on-time performance has mirrored DL's performance to a scary degree,

At least from what I've seen, on-time isn't the issue as much as horrendous handling of IROPS.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineBC77008 From United States of America, joined Sep 2011, 312 posts, RR: 0
Reply 12, posted (2 years 4 months 2 days 6 hours ago) and read 6004 times:

WOW! performed much better than Delta!! Good job UA!


"He waited his whole damn life to take that flight. And as the plane crashed down he thought 'Well isn't this nice...'"
User currently onlinekgaiflyer From United States of America, joined Jul 2008, 4320 posts, RR: 1
Reply 13, posted (2 years 4 months 2 days 5 hours ago) and read 5745 times:
Support Airliners.net - become a First Class Member!

Quoting Cubsrule (Reply 11):
At least from what I've seen, on-time isn't the issue as much as horrendous handling of IROPS.

Yet these days when there's a delay, it's epic -- almost newsworthy. I've waited at both SFO and IAH up to 4 1/2 hours for "delayed incoming aircraft."

Btw, kudos to UA for being completely honest about delays and for courageously *not* hitting to 'cancel' button.


User currently offlineUnited1 From United States of America, joined Oct 2003, 6096 posts, RR: 9
Reply 14, posted (2 years 4 months 2 days 4 hours ago) and read 5342 times:

Some conference call notes..lots of this has been reported before:

54 mil in profit sharing YTD
rolling out customer facing updates to easycheckin, mobile app ect (first one came online two weeks ago with the next one in October)
new SHARES user interface for Rez/Airport users in early 2013 (think FastAir/Rez)
returning to UA historical level of spare aircraft and increasing maintenance (should fix operational issues)
done with Y+ rollout in January 2013
done with flat bed roll out by end of the 1st quarter 2013
Worldwide WiFi rolls out in August starting with the 319/73E/744 fleet (3 years to complete)
first 788 comes onboard in September (first flights hub-hub)
new UC and 10 additional jetbridges at ORDs T2
UA s NOC opened in May at the Sears Tower
corporate revenue up 16%
paid off two of the most costly pieces of debt on the balance books
4 billion debt paid off over the last two years
$8.2 Billion in unrestricted liquidity (cash and a $500 million undrawn line of credit)
$959 million in operating cash flow in Q2
9 more 73E and 5 788 to join the fleet later this year
five year fleet plan keeps the fleet around the same size for the period
will start to install slimline seats in the A319/320 fleets includes WiFi, inseat power, better lighting and larger overhead bins

[Edited 2012-07-26 12:13:05]


Semper Fi - PowerPoint makes us stupid.
User currently offlineT5towbar From United States of America, joined Feb 2009, 573 posts, RR: 1
Reply 15, posted (2 years 4 months 2 days 3 hours ago) and read 5051 times:

Quoting Cubsrule (Reply 11):
Quoting RDH3E (Reply 10):
But, as much as we love to vilify how HORRIBLE UA is performing right now, if you graph the A:14 by "months post merger" UA's on-time performance has mirrored DL's performance to a scary degree,

At least from what I've seen, on-time isn't the issue as much as horrendous handling of IROPS.

A:14 has been horrid. That's for sure. That's why Ops had to pad some time on the sUA 752's.
There are still changes in procedures going on, and hopefully the computer systems will get straightened out to a user friendly and easy interface for all involved.
(On a personal note: I'm still learning UNIMATIC, and not used to leaving the ramp to close out a flight. Hopefully the scanner issues get updated, where we can use the scanner for close-outs planeside)



A comment from an Ex CON: Work Hard.....Fly Standby!
User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17784 posts, RR: 46
Reply 16, posted (2 years 4 months 2 days 3 hours ago) and read 4974 times:

Quoting United1 (Reply 14):
done with flat bed roll out by end of the 1st quarter 2013

Anybody know what the pre-merger UA timeline was for this?



E pur si muove -Galileo
User currently offlineflyhossd From United States of America, joined Nov 2009, 946 posts, RR: 2
Reply 17, posted (2 years 4 months 2 days 3 hours ago) and read 4949 times:

Quoting T5towbar (Reply 15):
A:14 has been horrid. That's for sure. That's why Ops had to pad some time on the sUA 752's.
There are still changes in procedures going on,

I hope the changes work.

I've heard - but haven't confirmed - that one of the problems with the arrivals on-time percentage is the lack of spare aircraft.

Quoting RDH3E (Reply 10):
But, as much as we love to vilify how HORRIBLE UA is performing right now, if you graph the A:14 by "months post merger" UA's on-time performance has mirrored DL's performance to a scary degree, it's almost identical. And DL did see a large decline in on-time in the time-frame we are in right now.

Interesting observation and I sincerely hope you're on target. Time will tell - IIRC, July is running worse than June.

Quoting United1 (Reply 14):
returning to UA historical level of spare aircraft and increasing maintenance (should fix operational issues)

When?



My statements do not represent my former employer or my current employer and are my opinions only.
User currently offlineRDH3E From United States of America, joined Mar 2011, 1798 posts, RR: 3
Reply 18, posted (2 years 4 months 2 days 3 hours ago) and read 4879 times:

Quoting MaverickM11 (Reply 16):
Anybody know what the pre-merger UA timeline was for this?

It was "wait until satellite wi-fi becomes available so it will actually work all the time" and so essentially, no there wasn't a timeline pre-merger.

Quoting flyhossd (Reply 17):
Interesting observation and I sincerely hope you're on target. Time will tell - IIRC, July is running worse than June.

If I get motivated later I'll grab the DOT stats and put em together (wouldn't show summer though) I didn't put together the chart I was shown so I don't have they same data they used.


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17784 posts, RR: 46
Reply 19, posted (2 years 4 months 2 days 2 hours ago) and read 4699 times:

Quoting RDH3E (Reply 18):
It was "wait until satellite wi-fi becomes available so it will actually work all the time" and so essentially, no there wasn't a timeline pre-merger.

for the flat bed/IPTE installation?  



E pur si muove -Galileo
User currently offlineUnited1 From United States of America, joined Oct 2003, 6096 posts, RR: 9
Reply 20, posted (2 years 4 months 2 days 2 hours ago) and read 4681 times:

Quoting MaverickM11 (Reply 16):
Quoting United1 (Reply 14):
done with flat bed roll out by end of the 1st quarter 2013

Anybody know what the pre-merger UA timeline was for this?

About the same...early 2013 finish for installing the lie flats on the 777's...

Nice that they will have the 763/764 fleet done as well.

Quoting flyhossd (Reply 17):
Quoting United1 (Reply 14):
returning to UA historical level of spare aircraft and increasing maintenance (should fix operational issues)

When?

Sounded like they had already started adding the extra spares to the system...

Biggest tidbit out of the call today regarding aircraft was the new interiors for the Airbus aircraft.

[Edited 2012-07-26 14:17:47]


Semper Fi - PowerPoint makes us stupid.
User currently offlineRDH3E From United States of America, joined Mar 2011, 1798 posts, RR: 3
Reply 21, posted (2 years 4 months 2 days 1 hour ago) and read 4437 times:

Quoting MaverickM11 (Reply 19):
for the flat bed/IPTE installation?

Whoops! I was on Wi-fi. UA's timeline was for better or worse slowed down slightly through the merger for 777 IPTE.


User currently offlineBCEaglesCO757 From United States of America, joined Mar 2011, 242 posts, RR: 2
Reply 22, posted (2 years 4 months 2 days ago) and read 4169 times:

Great job by everybody, sUA and sCO.

User currently offlinelightsaber From United States of America, joined Jan 2005, 13437 posts, RR: 100
Reply 23, posted (2 years 4 months 1 day 21 hours ago) and read 3568 times:
Support Airliners.net - become a First Class Member!

Much better than I expected. Kudos to UA.  
Quoting MaverickM11 (Reply 5):
Flyertalk has enough delusion and denial to start a new religion 

Church of the mad passenger.   

 
Quoting MasseyBrown (Reply 8):
Interesting: the updated fleet plan shows no 787's until the fourth quarter. Previous forecasts had been for the initial delivery in September.

  Oh well. Not too much of a surprise.

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently offlineUnited1 From United States of America, joined Oct 2003, 6096 posts, RR: 9
Reply 24, posted (2 years 4 months 1 day 20 hours ago) and read 3472 times:

Quoting lightsaber (Reply 23):
Quoting MasseyBrown (Reply 8):
Interesting: the updated fleet plan shows no 787's until the fourth quarter. Previous forecasts had been for the initial delivery in September.

  Oh well. Not too much of a surprise.

Still coming onboard in September but won't be placed into service until the 4th quarter.



Semper Fi - PowerPoint makes us stupid.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Allegiant Q4 Net Income Of $18.2 Million, Up 281% posted Mon Jan 26 2009 20:14:48 by FATFlyer
Southwest Reports 2Q Net Profit Of $159 Million posted Thu Jul 14 2005 18:46:56 by ScottB
MEA Reports Net Profit Of $30 Million In 2004 posted Tue Feb 15 2005 07:32:35 by EurostarVA
Air Canada 2nd Quarter Net Income Of $155M posted Fri Aug 7 2009 04:37:31 by LongHauler
Allegiant Q2 Net Income UP 801% Vs Q2 2008 posted Tue Jul 21 2009 20:27:53 by FATFlyer
AS Posts 3Q Net Income Of $85.8M posted Thu Oct 25 2007 08:46:25 by EA CO AS
AMR Posts Q4 Net Loss Of $798 Million posted Wed Jan 16 2002 13:31:37 by Singapore_Air
UAL Reports Q2 08 Net Loss Of $2.7B posted Tue Jul 22 2008 05:37:59 by Panamair
Allegiant Reports $9.7 Million Net Income In Q1 posted Mon Apr 28 2008 18:47:37 by FATFlyer
CO Reports 3Q Profit Of $241 Million posted Thu Oct 18 2007 09:08:31 by Homer71