UAL Third Quarter Results
 

UAL Reports Third Quarter Results

It is crazy that the airline losing the most money is paying the most to its executives.

Great, most of the loss was due to the fuel hedge at $130 or whatever. What moron did they hire to do that trade. I'm sure he still gets a bonus.

Well hopefully he wasn't a genius pilot:eek:

if you were to take a poll this summer from everyone on this forum, the overwhelming majority would have voted to hedge fuel at $130 a barrel. 20/20 hindsight my friend

I get it, you work for UAL mgt. or the DNC; what goes up-must come down.

Al,

Not always true....Oil like water front property will always go up...they ain't making more..

Im guessing you bought in Miami as well under that theory. Just about as profitable these days.

Speculative value is very different then fundamental value. And Along with that theory is the theory that the stock market ALWAYS goes up over a 20 year period. But that isn't true either...

Cheers
Wino

Not to hijack the thread...........
 

Back to the topic.

Im not a big numbers guy. That being said, it seems UAL is in worse shape than many others. Is there any bright spots for UAL at all right now?

That is about the best explanation I have heard about oil prices. It makes sense to all the simple minded people who don't understand that oil is a limited commodity and will one day run out. It is required, not discretionary. Therefore, the price will always go up long term.

Limited yes, but artificially so. Constraints put upon by politics limiting supply, speculative as we saw this summer by money managers perceiving greater value in oil trades vs stock market and other financial instruments. As it eventually runs out (not in our lifetime) science and necessity will find a replacement but not until then, certainly a manhattan project crash program won't do it.