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Old 04-24-2014, 02:43 PM
  #1171  
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You guys have to remember that just a few years ago delta was in deep trouble. Crappy service, crappy planes, crappy everything. They turned it around and so will ual.

If you are in the pool count your blessings, there are a lot of people that really wish they were in your shoes.
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Old 04-24-2014, 02:51 PM
  #1172  
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I was really excited about this job until today. I'm just being honest. Over 600 million loss when all of your competitors are making money.
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Old 04-24-2014, 03:30 PM
  #1173  
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Originally Posted by myoface View Post
You guys have to remember that just a few years ago delta was in deep trouble. Crappy service, crappy planes, crappy everything. They turned it around and so will ual.

If you are in the pool count your blessings, there are a lot of people that really wish they were in your shoes.
Amen! I'm happily swimming and can't wait to start!! No - wait... UAL isn't the place to be and anyone that got hired before me should jump out of the pool and go elsewhere
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Old 04-24-2014, 03:49 PM
  #1174  
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This is ALL part of the game...remember, DAL is a few years ahead of UAL as far as "post-merger success", and the AA/US merger has only just begun...their challenges are coming, I assure you. I'm happy to be here and looking forward to this summer...we'll be ok.
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Old 04-24-2014, 03:56 PM
  #1175  
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Originally Posted by Fresh View Post
But every other major airline posted a profit, if not a record profit.
Doesn't mean anything really.

The part that really matters that no one has mentioned from the report toward the bottom.

UAL generated $694 million of operating cash flow in the first quarter.

So United lost money on paper, but then there is almost $700M more in the bank than there was previously.

This is normal. It's because we are taking new airplanes, and then heavily depreciating them in the early years using something called MACRS, modified-accelerated cost recovery system. We are just doing so more aggressively than AMR, DAL, etc.

Remember that while on paper DAL is earning more, they are also paying more in taxes to the government. So it hurts their cash position.

Forget the profit or loss numbers. Watch the cashflow. It's a better indicator of financial performance in companies that have large asset classes that can be depreciated on different schedules.
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Old 04-24-2014, 04:26 PM
  #1176  
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Originally Posted by pilot64golfer View Post
Doesn't mean anything really.

The part that really matters that no one has mentioned from the report toward the bottom.

UAL generated $694 million of operating cash flow in the first quarter.

So United lost money on paper, but then there is almost $700M more in the bank than there was previously.

This is normal. It's because we are taking new airplanes, and then heavily depreciating them in the early years using something called MACRS, modified-accelerated cost recovery system. We are just doing so more aggressively than AMR, DAL, etc.

Remember that while on paper DAL is earning more, they are also paying more in taxes to the government. So it hurts their cash position.

Forget the profit or loss numbers. Watch the cashflow. It's a better indicator of financial performance in companies that have large asset classes that can be depreciated on different schedules.
Thanks for the clarification, Golfer. Don't get me wrong, I'm VERY excited to be swimming and I realize how lucky I am to be in the pool.
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Old 04-24-2014, 04:30 PM
  #1177  
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Call me "Near-Sighted" I would just like to know the July Training Dates.
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Old 04-24-2014, 04:39 PM
  #1178  
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Originally Posted by MPAdriver View Post
Call me "Near-Sighted" I would just like to know the July Training Dates.
same here.
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Old 04-24-2014, 06:01 PM
  #1179  
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Originally Posted by pilot64golfer View Post
Doesn't mean anything really.

The part that really matters that no one has mentioned from the report toward the bottom.

UAL generated $694 million of operating cash flow in the first quarter.

So United lost money on paper, but then there is almost $700M more in the bank than there was previously.

This is normal. It's because we are taking new airplanes, and then heavily depreciating them in the early years using something called MACRS, modified-accelerated cost recovery system. We are just doing so more aggressively than AMR, DAL, etc.

Remember that while on paper DAL is earning more, they are also paying more in taxes to the government. So it hurts their cash position.

Forget the profit or loss numbers. Watch the cashflow. It's a better indicator of financial performance in companies that have large asset classes that can be depreciated on different schedules.

Is that why the stock price tanked? Not arguing with the concept of your claim, but I do really believe there is a problem there. Hope the board figures out a plan soon, and I won't spend my profit sharing money yet either
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Old 04-24-2014, 06:05 PM
  #1180  
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Originally Posted by mrmak2 View Post
Is that why the stock price tanked? Not arguing with the concept of your claim, but I do really believe there is a problem there. Hope the board figures out a plan soon, and I won't spend my profit sharing money yet either
The stock only dropped a tad over 10%. I'm a bit surprised it wasn't more than that. The talking heads on TV said the upward trend is turning and they are looking for a drop to $30 from today's close of $42.
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