CAL-UA article today
#11
Well, some regional guy had to say this in every thread. I'm glad you got it out of the way early.
#13
From the article:
I think this will be the most likely scenario. Again, it's just an opinion on my part, but CAL is in a much better financial position than UA, why would they merge with a company with such level of liability, when they can just as easily wait 'til UA goes into chapter 11 protection and align their cost structure with CAL?
I think this will be the most likely scenario. Again, it's just an opinion on my part, but CAL is in a much better financial position than UA, why would they merge with a company with such level of liability, when they can just as easily wait 'til UA goes into chapter 11 protection and align their cost structure with CAL?
Airlines go BK when the banks say so. Way too much to lose from BK this time around. UAL's cash flow is like crack to the banks. They will get the financing needed.
#15
Gets Weekends Off
Joined: Sep 2008
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From: Auto
#16
Gets Weekends Off
Joined: Jul 2009
Posts: 382
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From: Le Bus
And don't forget UAUA was just upgraded to a buy with a target of 13 bucks. I guess its easier to run a pie hole and jump on the UAL demise bandwagon that's been plugging along for a decade.
#17
Everyone knows what they say about good accountants - they make the numbers anything you want them to.
Both airlines have about 2.5 Billion in cash (as of Q3 reports)
CAL: Balance Sheet for CONTL AIRLINES CL B
UAUA: Balance Sheet for UAL Corporation
Both airlines have about 2.5 Billion in cash (as of Q3 reports)
CAL: Balance Sheet for CONTL AIRLINES CL B
UAUA: Balance Sheet for UAL Corporation
#20
2010? Nah, every year is an interesting year, with many pitfalls where one can get corn holed. The dust never settles until you walk off the plane for the last time.
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