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Old 07-21-2020, 05:51 PM   #1  
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Default 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
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Old 07-21-2020, 06:21 PM   #2  
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Run an airline?! No way! Itís 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 letís make hay while the sun shines! Nowís the time to extract a pound of flesh!
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Old 07-21-2020, 06:52 PM   #3  
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Well, this is disheartening.

And here I thought United was being hit the hardest, especially with their international exposure.
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Old 07-21-2020, 07:39 PM   #4  
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Originally Posted by Banzai View Post
Well, this is disheartening.

And here I thought United was being hit the hardest, especially with their international exposure.
Our International exposure was hit by a couple of our ďinvestmentsĒ going chapter 11. I wonder how much of that was written off our bottom line. I honestly donít know because I didnít look. I think the whole ďspreading the risk aroundĒ is how we rationalize our lack of Organic International growth.

Cue sailingís entrance to start telling me/us that we flew more asmís across the Atlantic than any other US carrier.
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Old 07-21-2020, 07:50 PM   #5  
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Hey look at the bright side, we wonít be paying taxes with those carry-forward losses for quite some time.
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Old 07-21-2020, 08:53 PM   #6  
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Hey look at the bright side, we wonít be paying taxes with those carry-forward losses for quite some time.

FUUUUUDDDGGGGEEEEE...(only I didnít say ďfudgeĒ)

I believe thatís referred to as ďdamning with faint praiseĒ.
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Old 07-22-2020, 01:12 AM   #7  
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They had a worse 1Q than us and if Iím looking at the numbers right, UAL and DAL have lost exactly the same net loss for the year (about $3.3B).

Also, another thing Iím not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. Iím guessing it does.
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Old 07-22-2020, 02:21 AM   #8  
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Originally Posted by WhiskeyDelta View Post
They had a worse 1Q than us and if Iím looking at the numbers right, UAL and DAL have lost exactly the same net loss for the year (about $3.3B).

Also, another thing Iím not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. Iím guessing it does.
I would guess the $18B does include the CARES loan too. They tried to borrow more from the private sector and were getting 11% interest quotes.
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Old 07-22-2020, 04:39 AM   #9  
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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?
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Old 07-22-2020, 04:43 AM   #10  
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I've read that UAL has not retired any aircraft yet, but is expected to soon, and will have large expenses associated with that move. DAL has already accounted its fleet changes.
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