Originally Posted by
pilot64golfer
Yes the $7B in cash is proof we are hemorrhaging money, plus the $700M of positive net cash flow in the 1st quarter.
That's hemorrhaging money!?
Actually it's $6 billion and we were negative net cash flow this past quarter. While cash flow was positive on an operational basis, we spent it all plus some on other things, thus net cash flow was negative.
Liquidity and Cash Flow
UAL ended the first quarter with $6.0 billion in unrestricted liquidity, including $1.0 billion of undrawn commitments under a revolving credit facility. The company generated $694 million of operating cash flow in the first quarter. During the first quarter, the company had gross capital expenditures of $737 million, excluding fully reimbursable projects. The company made debt and capital lease principal payments of $637 million in the first quarter.
We actually been negative net cash for the last three years as well.
Chart here.
UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance
And Delta's for comparison..
DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance
DC