Yes it really is meaningless
I have some comments.
1. Obviously, the two people above have not had any experience either investing in airlines. They obviously have no idea where that figure comes from. Where does that $17 billion come from? It really is meaningless. When United exits from bankruptcy, there will be a several billion dollar profit. Where did that all come from??? Again, that is meaningless.
2. There is only one thing that matters. Operating profit/loss. That was $183 million for the 4th quarter. Hummm... That is exactly how much Southwest would have lost if they didn't have fuel hedges. INTERESTING!!!
3. Exec bonuses. The exec bonuses are fair. The number 400 manager at United makes about $85,000 a year. That is less than almost EVERY pilot at the airline. Executives are underpaid for their field of work, and a bonus is certainly within reason, especially sticking with the airline during bankruptcy. Executives are in high demand. Their compensation is not on par for their line of work. They deserve the bonuses.
4. Why do many people on this forum attack executives. If you are so envious of their job, why don't you try to become an executive??? Oh wait, you might have to work more than 20 hours a week. They are more important, they are in demand, they did their job. They deserve a stock bonus.
5. I predict a slight loss in 06, and a profit in 07 for UAL.