Originally Posted by
LAX Pilot
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....
So we must be profitable already.
La,
Can you just think about your hostile posts before you try to pick fights with you non-factual statements. We have spent 750 million converting the United fleets to be up to standard and still have several hundred millions to go (think direct TV and better cabins) to make the fleet better. It will go over a billion. You had money because Tilton didn't invest in the product for years which is why we are parking the 752s. If he had tried to keep up with others he would have burned through the cash. (read the arbitrators findings to confirm this).
There was no paying off CAL debt. You still had financing at 17% that we capitalized on and got less that 8% on.