Thread: UCH 2Q Profit
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Old 07-26-2012, 06:18 AM
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cadetdrivr
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If you are talking about an airline, ignore the profit/loss (net) statement and follow the money; both the operating cash flow and any unexplained increases or decreases in "liquidity" (i.e. cash).
"During the second quarter, the company generated $959 million of operating cash flow...."

"UAL ended the second quarter with $8.2 billion in unrestricted liquidity, comprised of $7.7 billion of cash, cash equivalents and short-term investments and $500 million of undrawn commitments under a revolving credit facility."
For comparison, DAL reported $683 million in operating cash flow and ended the quarter with $3.5 billion in cash and short-term investments.

The conclusion: FUPM
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