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N328KF
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UA Makes $80mil Profit For August

Thu Sep 22, 2005 5:04 am

Just a quick headline flash over the Dow Jones newswire:

UAL Aug Oper Profit $80M
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' -Theodore Roosevelt
 
FriendlySkies
Posts: 3540
Joined: Fri Aug 13, 2004 3:57 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 5:07 am

http://www.forbes.com/prnewswire/fee...211514PR_NEWS_B_MWT_CG_CGW050.html

Net loss of $30 mil, w/out reorganization expenses a net profit of $56 mil. Not too bad, as long as they're still improving it's a good sign.
 
zvezda
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Joined: Sat Aug 28, 2004 8:48 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 5:10 am

Summer is the most profitable time for airlines. Such results in February and we'd have to say that UA has recovered. Even in August, it's encouraging.
 
hoya
Posts: 459
Joined: Wed Jun 23, 2004 2:25 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 6:55 am

Seeing how they improved by over $90 million from last year, even though fuel expenses have skyrocketed, indicates that they are on track to emerge from bankruptcy, and that all that cost-cutting has actually achieved something.

http://chicagobusiness.com/cgi-bin/news.pl?id=17847
Hoya Saxa!!
 
MarshalN
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RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 7:19 am

Not to be gloom and doom about it.... but these sort of numbers are a drop in the bucket, and it really is only meaningful if they can sustain it.

Even then.... it's a tiny, tiny profit for a turnover this size
 
zvezda
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Joined: Sat Aug 28, 2004 8:48 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 9:50 am

With the demise of DH, UA's IAD operation is about to become more profitable.
 
tu154
Posts: 334
Joined: Fri Dec 17, 2004 1:37 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 10:47 am

Quoting MarshalN (Reply 4):
Not to be gloom and doom about it.... but these sort of numbers are a drop in the bucket, and it really is only meaningful if they can sustain it.

Even then.... it's a tiny, tiny profit for a turnover this size

I think the focus here is UAL turned a profit, small or large, it's still a significant step in turning the company around. With all the UA bashing, why can't you just say..."hey good for them"..??

With fuel prices higher than last year, I think this is a significant improvement and shows the painful cuts are working. The employees of UAL should be proud of their sacrifices and hard work. I hope it continues in other quarters.
FIRST ON THE ATLANTIC.....FIRST ON THE PACIFIC.....FIRST IN LATIN AMERICA...FIRST 'ROUND THE WORLD.....PAN AM!!
 
tu154
Posts: 334
Joined: Fri Dec 17, 2004 1:37 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 10:49 am

Quoting MarshalN (Reply 4):
Not to be gloom and doom about it.... but these sort of numbers are a drop in the bucket, and it really is only meaningful if they can sustain it.

Even then.... it's a tiny, tiny profit for a turnover this size

I think the focus here is UAL turned a profit, small or large, it's still a significant step in turning the company around. With all the UA bashing, why can't you just say..."hey good for them"..??

With fuel prices higher than last year, I think this is a significant improvement and hope it continues into other quarters.
FIRST ON THE ATLANTIC.....FIRST ON THE PACIFIC.....FIRST IN LATIN AMERICA...FIRST 'ROUND THE WORLD.....PAN AM!!
 
1MillionFlyer
Posts: 1937
Joined: Wed Sep 08, 2004 8:55 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:05 am

Quoting Tu154 (Reply 6):
..."hey good for them"..??

I agree ...Good for them  Smile
Golf Foxtrot you are cleared for departure
 
jetdeltamsy
Posts: 2688
Joined: Tue Nov 14, 2000 11:51 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:16 am

Net loss of $30 million. That averages out to $360 million over a year.

Doesn't sound so hot to me.
Tired of airline bankruptcies....EA/PA/TW and finally DL.
 
FriendlySkies
Posts: 3540
Joined: Fri Aug 13, 2004 3:57 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:23 am

You forget, without the bankruptcy charges, which btw they won't HAVE for the next year, they would have made a $54 mil NET profit. Which averages to a $648 mil NET profit over a year. See, I can spin numbers too.  Wink
 
1MillionFlyer
Posts: 1937
Joined: Wed Sep 08, 2004 8:55 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:25 am

Quoting Jetdeltamsy (Reply 9):
Net loss of $30 million. That averages out to $360 million over a year.

Doesn't sound so hot to me.

so it's ok to trash UA but not DL?
Golf Foxtrot you are cleared for departure
 
FriendlySkies
Posts: 3540
Joined: Fri Aug 13, 2004 3:57 pm

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:36 am

Quoting 1MillionFlyer (Reply 11):
so it's ok to trash UA but not DL?

Of course! At least until UA exits...then it's open season on DL and NW!
 
sshank
Posts: 294
Joined: Sun Jul 25, 2004 2:58 am

RE: UA Makes $80mil Profit For August

Thu Sep 22, 2005 11:16 pm

Net loss of $30 million. That averages out to $360 million over a year.

Doesn't sound so hot to me.


Dear JetDelta, Your employer will be deliriously happy if they could limit their losses to $360M a year. Might want to think about that.

Cheers!
 
ual777
Posts: 1534
Joined: Thu Aug 14, 2003 6:18 am

RE: UA Makes $80mil Profit For August

Sat Sep 24, 2005 12:00 am

Quoting Jetdeltamsy (Reply 9):
Net loss of $30 million. That averages out to $360 million over a year.

Doesn't sound so hot to me.

Neither does 1.1 billion for a southern carrier we all know and love......
It is always darkest before the sun comes up.
 
jetdeltamsy
Posts: 2688
Joined: Tue Nov 14, 2000 11:51 am

RE: UA Makes $80mil Profit For August

Sat Sep 24, 2005 12:14 am

Quoting UAL777 (Reply 14):
Neither does 1.1 billion for a southern carrier we all know and love......

The topic is United Airlines, not "a southern carrier".

Go back to your room and do your homework.
Tired of airline bankruptcies....EA/PA/TW and finally DL.

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