Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
Cointrin330
Topic Author
Posts: 1995
Joined: Sat Jul 16, 2016 12:23 pm

United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 8:24 pm

So United Airlines announced a Q2 $1.6BN net loss. How does that compare to Delta's massive Q2 loss? I was actually expecting UA's to be higher, given their international exposure.
 
CriticalPoint
Posts: 1062
Joined: Thu Jan 19, 2017 5:01 pm

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 8:36 pm

United did their write down last quarter. DL did it this quarter.
 
jayunited
Posts: 2867
Joined: Sat Jan 05, 2013 12:03 am

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 8:56 pm

United posted a Q2 net loss of $1.6B, and an adjusted net loss of $2.6B. These numbers are a shock to me I expected a number well north of $4.0B, I guess holding capacity at 10% for much of April and all of May and only slightly increasing capacity in June (up to 15%) paid off at least for UA. Like DL, UA was able to get their daily cash burn rate down significantly in Q2 vs. Q1 where we where burning somewhere near $100 million dollars per day.

One bright spot in our Q2 results was cargo, Kirby has been saying since April that United Cargo has stepped up to the plate in a big way and our Q2 cargo numbers prove it. United Cargo revenue increase 36.3% in Q2 2020 vs. Q2 2019. United jumped on the cargo only train early and continues to aggressively pursue lucrative cargo contracts, utilizing our our most efficient widebodies our 77Ws and 787s. We also received approval FAA approval for cargo in cabin back in May, which just increased what we could carry which also increased revenue. So congratulations to UA Cargo they really helped out United Airlines in Q2.
 
MIflyer12
Posts: 8052
Joined: Mon Feb 18, 2013 11:58 pm

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 9:15 pm

Cointrin330 wrote:
So United Airlines announced a Q2 $1.6BN net loss. How does that compare to Delta's massive Q2 loss? I was actually expecting UA's to be higher, given their international exposure.


Dude, both carriers have published press releases and SEC filings.

SEC filings

UA: https://ir.united.com/static-files/22c2 ... 16fa6c8c94

DL: https://d18rn0p25nwr6d.cloudfront.net/C ... 8eaab4.pdf

Make the comparisons that are important to you. I might suggest op revenues, fuel expense, salaries, RPMs and load factors to start.
 
majano
Posts: 272
Joined: Sun Oct 14, 2018 10:45 am

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 10:15 pm

Firstly, I think comparing quarterly results is not that helpful in particular when it is sporadic and inconsistent. However, when I looked at the Delta results, two figures stood out, namely -
1. Restructuring costs of 2,454, and
2. Impairments etc. 2,058
These hurt Delta during quarter 2. United should not suffer as much impairments, but I am not sure about restructuring costs. Best we wait till the end of the year to do a comparison and include AA as well in the comparison.
 
tphuang
Posts: 5208
Joined: Tue Mar 14, 2017 2:04 pm

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 10:26 pm

I'm really impressed by UA's ability to cut cost this quarter. We will see if this holds up. Certainly, their project cash burn in Q3 is pretty good. And they burned $3 million a day less than DL for the quarter. Again, very good cost control.
 
slcdeltarumd11
Posts: 4756
Joined: Fri Jan 09, 2004 7:30 am

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 10:42 pm

It's really not a competition. Each airline has very different situations. Delta is keeping middle seats open , united is not. They are not competing here, each is trying to survive and set it self up in the best way possible for the future.
Last edited by slcdeltarumd11 on Tue Jul 21, 2020 10:43 pm, edited 1 time in total.
 
User avatar
LAX772LR
Posts: 13278
Joined: Sun Nov 09, 2014 11:06 pm

Re: United's Q2 $1.6BN Net Loss vs. Delta's Q2

Tue Jul 21, 2020 10:43 pm

The difference was mostly in write-downs and special charges, not actual revenues.

Also, as someone mentioned above: UA did much of theirs in the previous quarter, while DL did theirs in the most recently past.
I myself, suspect a more prosaic motive... ~Thranduil

Who is online

Users browsing this forum: ADent, Baidu [Spider], Bluebell, Chris8874, Jack, LHR2BNE, LightningAce, mspeaumsn, Opus99, Silver1SWA, VS11, xwb777, xxD328xx and 254 guests

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos