Cal + Ual
08-21-2009 | 06:45 AM
#41
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Joined: Apr 2008
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They are trying to raise cash using GS as an underwriter. If GS could sell all shares around the current price that would be roughly $173M for CAL. Plus CAL received other financing for 737's on order that are arriving this year and next.
08-21-2009 | 06:57 AM
#43
Gets Weekends Off
Joined: Feb 2008
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Leaders in Market Capitalization
DELTA AIR LINES NEW [DAL] $5.1 B
CHINA SOUTH AIR LTD [ZNH] $2.3 B
CHINA EASTERN AIRLNE [CEA] $2.3 B
TAM S.A. ADS [TAM] $2.0 B
CONTL AIRLINES CL B [CAL] $1.4 B
A M R CP [AMR] $1.4 B
UAL Corporation [UAUA] $812.1 M
US AIRWAYS GROUP INC [LCC] $381.6 M
Last edited by slowplay; 08-21-2009 at 07:04 AM. Reason: format
08-21-2009 | 07:02 AM
#44
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Joined: Apr 2008
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Stock price alone doesn't reflect the value of a company. Here are some Market Caps from Yahoo today. They aren't perfect, but they give a good snapshot of business value. For reference Southwest is at $6.3B. SKYW at $820 million is worth more than UAUA, AirTran ($767) or Alaska ($792):
Leaders in Market Capitalization DELTA AIR LINES NEW [DAL] $5.1 B CHINA SOUTH AIR LTD [ZNH] $2.3 B CHINA EASTERN AIRLNE [CEA] $2.3 B TAM S.A. ADS [TAM] $2.0 B CONTL AIRLINES CL B [CAL] $1.4 B A M R CP [AMR] $1.4 B UAL Corporation [UAUA] $812.1 M US AIRWAYS GROUP INC [LCC] $381.6 M
Leaders in Market Capitalization DELTA AIR LINES NEW [DAL] $5.1 B CHINA SOUTH AIR LTD [ZNH] $2.3 B CHINA EASTERN AIRLNE [CEA] $2.3 B TAM S.A. ADS [TAM] $2.0 B CONTL AIRLINES CL B [CAL] $1.4 B A M R CP [AMR] $1.4 B UAL Corporation [UAUA] $812.1 M US AIRWAYS GROUP INC [LCC] $381.6 M
Understood. That's why I think it's relevant to take everything into consideration. The UPO, the financing received, and the stock price. My previous statement also relates to how closely tied CAL and Chase are. Chase has put a lot of money towards CAL.
08-21-2009 | 09:24 AM
#46
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Joined: Aug 2006
Posts: 83
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It's substantially different on several levels. The biggest ones are balance sheets and core business performance. While the timing wasn't perfect for DAL/NWA, it's relatively awful for CAL/UAUA.
DAL/NWA was able to extract $2 billion in "free" money from Amex to remain the preferred credit card provider for the new airline. UAL/CAL won't have that opportunity in this econcomic environment, especially since much of Mileage Plus is already collateralized.
DAL/NWA was able to extract $2 billion in "free" money from Amex to remain the preferred credit card provider for the new airline. UAL/CAL won't have that opportunity in this econcomic environment, especially since much of Mileage Plus is already collateralized.
08-21-2009 | 10:30 AM
#47
On Reserve
Joined: Aug 2007
Posts: 19
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Seems like if we have all learned anything in the past ten years it would be in our best interest to look out for PILOTS and not individual companies. These companies, CAL and UAL are are mere shells of what we professional pilots signed up for.
If there is a merger lets look out for US, the PILOTS, regardless of which carrier we came from. Look what all the fighting at USAir/AmWest has done for those individual pilots. Ego and nothing else has cost those guys tens of thousands of dollars.
If there is a merger lets look out for US, the PILOTS, regardless of which carrier we came from. Look what all the fighting at USAir/AmWest has done for those individual pilots. Ego and nothing else has cost those guys tens of thousands of dollars.
08-21-2009 | 11:09 AM
#48
Line Holder
Joined: Dec 2008
Posts: 709
Likes: 6
From: 320 Captain
Stock price alone doesn't reflect the value of a company. Here are some Market Caps from Yahoo today. They aren't perfect, but they give a good snapshot of business value. For reference Southwest is at $6.3B. SKYW at $820 million is worth more than UAUA, AirTran ($767) or Alaska ($792):
Leaders in Market Capitalization
DELTA AIR LINES NEW [DAL] $5.1 B
CHINA SOUTH AIR LTD [ZNH] $2.3 B
CHINA EASTERN AIRLNE [CEA] $2.3 B
TAM S.A. ADS [TAM] $2.0 B
CONTL AIRLINES CL B [CAL] $1.4 B
A M R CP [AMR] $1.4 B
UAL Corporation [UAUA] $812.1 M
US AIRWAYS GROUP INC [LCC] $381.6 M
Leaders in Market Capitalization
DELTA AIR LINES NEW [DAL] $5.1 B
CHINA SOUTH AIR LTD [ZNH] $2.3 B
CHINA EASTERN AIRLNE [CEA] $2.3 B
TAM S.A. ADS [TAM] $2.0 B
CONTL AIRLINES CL B [CAL] $1.4 B
A M R CP [AMR] $1.4 B
UAL Corporation [UAUA] $812.1 M
US AIRWAYS GROUP INC [LCC] $381.6 M
DAL has approximately 778 million shares outstanding....
UAL only 145 million
CAL 124 million
AMR 280 million
LCC 132 million
08-21-2009 | 01:13 PM
#49
Need More Callouts
Joined: Dec 2005
Posts: 2,143
Likes: 0
From: Unbridled Enthusiasm
Don't bet on it. UAL has a very big reason to not let this transpire. When it comes down to brass tacks I'll bet UAL looks for a DOH scenario while CAL pushes for Relative Seniority.
08-21-2009 | 01:40 PM
#50
Recommend Retention
Joined: Jun 2007
Posts: 1,077
Likes: 0
From: Bigfoot
I (like many others) will be livid if career expectations are not taken into consideration if this supposed merger happens. Some of us are at CAL by choice. 2 years ago everyone was hiring. This is different from a certain group of guys at CAL 25 years ago who COULDN'T get hired anywhere else. Either way - we better stop these furloughs to improve our chances of favorable integration terms. There is a merged list floating around somewhere, I think purely on DOH. Anyone care to share it?
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