Originally Posted by FlyPanAm

Raising $2.2 billion unsecured debt has no impact on operating cash flow, not sure what you’re on about. United doubled Delta’s operating cash flow for Q1 ($4.8 billion vs $2.4 billion). That’s the cleanest comparison you’re going to get. United also best Delta in total operating revenue when you remove Trainer ($14.6 billion vs $14.2 billion). This is the first time that has ever happened in the post-consolidation period. There are eye watering results by United and the trend post-COVID has been very clear. I remember last year Kirby saying Hauenstein picked the perfect time to retire.