Originally Posted by
routemap
According to CAL's pre hearing statement, United lost 7.8 billion from 2000 to 2010. While CAL earned 1.0 billion.
Compared to UAL, our fleet was modern and we had airframes on order. What did UAL have on order at the end of 2009? I believe nothing. We might of been at a dead heat in 2008 and 2009 financially, but our airlines were headed in different directions as pointed out in our statement.
and I completely agree, good to get this behind us! In the long run, i think this merger will benefit all of us. As long as our so very talented senior managers don't screw it up.
You sort of contradict yourself here IMO. By bringing up the financial performance of UAL vs CAL in 2000-2010, you point out that UAL had a TERRIBLE time from 2001-2007. Then you acknowledge that UAL and CAL were in a dead heat financially in 2008-2009 (UAL outperformed CAL in 2010). But then you say the airlines were headed in different directions at the time of the merger. That logic seems to say that UAL had bottomed out in the middle of the decade and was on a decidedly UPWARD trgaectory, while CAL avoided the big curve but was relatively flat in comparison. From 2008-2010 saw dramatic upward trending of UAL's performance with a very bright looking future indeed. The financials back that up