UAL Earnings
 

MINNEAPOLIS (AP) -- The parent of United Airlines says it lost $82 million in the first quarter, much less than Wall Street expected.

The nation's third-largest airline says one key measure of passenger revenue jumped 19 percent compared with the same quarter a year earlier. In fact, UAL Corp. says it turned an operating profit of $69 million.
The net loss worked out to 49 cents per share on revenue of $4.24 billion. Analysts surveyed by Thomson Reuters were expecting a loss of 77 cents per share on revenue of $4.18 billion.

United has been discussing a possible combination with Continental Airlines. Its earnings release on Tuesday said nothing about the talks.

Hmmmm
 

The silence is deafening. :)

Operating Margin:

AS: +3.1%
WN: +2.1%
UA: +1.6%
DL: +1.0%
FL: +0.5%
US: -0.4%
CO: -1.6%
AA: -5.9%

This is great. I hope they find the need to recall those on the street as well.

Did you catch what the unrestricted cash jumped to? ;)

Well dang.... all is not as it seems!

Getting ready for walk down the aisle!

They have everything leveraged to the max!

I think you may have missed the sarcasm ;)

Anyone who is surprised by another Tilton-esque merger attempt hasn't been paying attention. Since he arrived at UAL, his singular focus has been to cut costs and package the airline for a merger. Leveraging everything is part of the process to raise liquidity to make a deal happen.

The comment about unrestricted cash is kind of an inside joke as quarter after quarter UA posts operating losses, yet the amount of unrestricted cash increases. Funny how that works huh?

I guess we'll know in a week or so if Tilton's merger attempt #4 is the one.

One question ... what did Tilton sell?

You mean other than his soul?????

As much dislike as we all have for Tilton, if he is able to successfully merge United and Continental, he might have done more good for both airlines than he has done bad over the past several years.

CDO's
 

Airline equivalent to Goldman Sach's CDOs, crap packaged with a bow on it. Wall St. bought it and increased cash on hand at UAUA.

mmm, not if your at the bottom of the UAL list...

Like continental doesn't?

Well, that along with 400M+ positive cash flow from operations in the 1st quarter. $4.6B now on hand. That is a powerful heap of cha ching!!:eek:

Off subject, this thread is about UAL earnings...

With total debt at $12B, net debt at $7.7B....:eek:

Used to be $20B

A guy like this would find negative in ANYTHING....even a profitable quarter....cracks me up. And all he can do is type on a web board his frustrations...must really suck.

Very possible...good luck for all. CAL board of directors meeting today....see link:

Continental board to consider merger with United - Chicago Tribune

They sold bonds with the Pacific route structure and Narita operation as collateral.

These are facts from the earning reports, thats all I'm reporting. Also there are 6 open labor contracts with no agreements in sight. Operating profit with most all employee groups among the lowest paid in the industry. Seems to me those that resort to personal attacks on public forums are the frustrated ones...

just bringing your constant negative posts and balancing them with an optomistic realistic view.... I understand there are those that will negate even the positive...or improving news to "try" to keep a black cloud over everyone. Very sad.

Hope you have a good day! :)

Both pilot groups need to very careful and above all learn from the past. The concern should be yes the ship may be turning but 1 quarter does not mean clear sailing ahead. One would have to factor the the UAL bottom line with the CAL pay scales throughout their franchise not just the pilot groups. That may tell a differing story. All I am saying is tread lightly. I think if run properly it would be a true force to be reckoned with but there will be many managers making lots of money on this deal even before the ink dries.

It is US as long term employees that want a future with as much security as this idiotic industry can provide.

Blue side up and top rudder through the 90!