UAL Earnings
04-27-2010 | 04:54 AM
#1
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From: 737 CA
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.
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.
04-27-2010 | 03:56 PM
#9
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From: B777
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.
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.
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