UAL q2 numbers
#1
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UAL q2 numbers
The most challenging quarter in the companies 94-year history as they put it in their results release.
> Net loss of $1.6 billion, and an adjusted net loss of $2.6 billion.
> Total operating revenues were down 87.1% year-over-year, on an 87.8 percent decrease in capacity year-over-year.
> Total liquidity approximately $15.2 billion.
> Cash burn during the second quarter averaged $40 mil/day
United net loss: 1.6B
Delta net loss: 2.8B
United pretax loss: 2.6B
Delta pretax loss: 3.9B
Seems initially they had a better quarter. More revenue and similar cash burn.
sure wish we would start running an airline again
> Net loss of $1.6 billion, and an adjusted net loss of $2.6 billion.
> Total operating revenues were down 87.1% year-over-year, on an 87.8 percent decrease in capacity year-over-year.
> Total liquidity approximately $15.2 billion.
> Cash burn during the second quarter averaged $40 mil/day
United net loss: 1.6B
Delta net loss: 2.8B
United pretax loss: 2.6B
Delta pretax loss: 3.9B
Seems initially they had a better quarter. More revenue and similar cash burn.
sure wish we would start running an airline again
#2
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Joined APC: Nov 2012
Posts: 40
Run an airline?! No way! It’s never gonna be any cheaper to take a chunk out of the pilot group and show the F/As and mechs what happens when you unionize! We are way down on revenue anyway, so let’s make hay while the sun shines! Now’s the time to extract a pound of flesh!
#4
Cue sailing’s entrance to start telling me/us that we flew more asm’s across the Atlantic than any other US carrier.
#6
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#7
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Joined APC: Mar 2016
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They had a worse 1Q than us and if I’m looking at the numbers right, UAL and DAL have lost exactly the same net loss for the year (about $3.3B).
Also, another thing I’m not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. I’m guessing it does.
Also, another thing I’m not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. I’m guessing it does.
#8
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Joined APC: May 2012
Posts: 1,418
They had a worse 1Q than us and if I’m looking at the numbers right, UAL and DAL have lost exactly the same net loss for the year (about $3.3B).
Also, another thing I’m not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. I’m guessing it does.
Also, another thing I’m not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. I’m guessing it does.
#9
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Joined APC: Sep 2006
Posts: 1,233
Congrats UAL!
They have 30 ish more WB aircraft than DAL, most Asian network of all US carriers, supposedly worse management, less revenue premium, lower morale - they should have had far more losses than DAL?! And less cash?
What are they doing right?
SILs when DAL has 85% on reserve?
No 60% limit?
They have 30 ish more WB aircraft than DAL, most Asian network of all US carriers, supposedly worse management, less revenue premium, lower morale - they should have had far more losses than DAL?! And less cash?
What are they doing right?
SILs when DAL has 85% on reserve?
No 60% limit?
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