ArtieFufkin
Topic Author
Posts: 671
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United To Post Small 2Q Profit

Tue Jul 25, 2006 12:14 am

Disappointing that United came out of Chapter 11 with more work to do. They managed a small net margin 2.7%. (which would have been 1.8% if didn't have accumulated losses on the books and were charged income taxes)

http://biz.yahoo.com/prnews/060724/nym108.html?.v=37
 
ORDTerminal1
Posts: 124
Joined: Sun May 28, 2006 3:35 am

RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 12:24 am

They are expected to report 260 million dollars worth of profit. That's somewhat on par with what American posted. In my opinion that's not small fries.
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steeler83
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RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 12:28 am

Quoting ORDTerminal1 (Reply 1):
They are expected to report 260 million dollars worth of profit. That's somewhat on par with what American posted. In my opinion that's not small fries.

No it sure is not... Say, when is US supposed to make their quarterly earnings/losses statement? (I am sure they'll post a profit as well...) Eh you know, I'll start a thread about this so as to not hijack this thread...

You know what, I will answer my own question: they'll post a profit on thursday according to an article in the Chicago Times...

[Edited 2006-07-24 17:41:50]
Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
 
ArtieFufkin
Topic Author
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RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 12:29 am

That's the operating profit so it would not include millions in interest expense and income taxes. Their net profit was 141 Mil excluding 1x items.
 
planecrazy2
Posts: 573
Joined: Sat Apr 10, 2004 1:40 pm

RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 12:39 am

While UA still has work to do, it finally is great to see them post a profit.
United Airlines - Worldwide Service
 
panamair
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RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 12:43 am

Quoting ORDTerminal1 (Reply 1):
They are expected to report 260 million dollars worth of profit. That's somewhat on par with what American posted. In my opinion that's not small fries.

For Q2, AMR's operating profit was $476 million while net profit was $291 million. As Artie mentioned, this compares to approx. $260 million and $141m respectively at UA.

Based on this, AA's operating margin for Q2 was just under 8% while UA's is estimated at about 5.1%.
 
ORDTerminal1
Posts: 124
Joined: Sun May 28, 2006 3:35 am

RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 1:18 am

I stand corrected about the141 million...but still no small fries  Wink
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swank300
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RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 1:24 am

I'm with you ORDTerminal! I think $141 is pretty damn good, especially since they posted a pretty steep loss just last quarter. It seems as if they worked very hard to turn around as much as possible in the 2nd quarter. Hopefully this will be just the beginning of successful quarters to come for UAL and the industry in general!
 
UAL777UK
Posts: 2132
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RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 1:31 am

A similar thread has already started.
UA To Post 2QTR Profits (by UnitedTristar Jul 24 2006 in Civil Aviation)
 
TL8490
Posts: 132
Joined: Wed Sep 28, 2005 8:50 pm

RE: United To Post Small 2Q Profit

Tue Jul 25, 2006 1:33 am

Anyone know when those "jaw dropping" numbers as supposed to be posted by Delta?