The most challenging quarter in the companies 94-year history as they put it in their results release.


> Net loss of $1.6 billion, and an adjusted net loss of $2.6 billion.
> Total operating revenues were down 87.1% year-over-year, on an 87.8 percent decrease in capacity year-over-year.
> Total liquidity approximately $15.2 billion.
> Cash burn during the second quarter averaged $40 mil/day


United net loss: 1.6B

Delta net loss: 2.8B

United pretax loss: 2.6B

Delta pretax loss: 3.9B

Seems initially they had a better quarter. More revenue and similar cash burn.

sure wish we would start running an airline again

Run an airline?! No way! It’s never gonna be any cheaper to take a chunk out of the pilot group and show the F/As and mechs what happens when you unionize! We are way down on revenue anyway, so let’s make hay while the sun shines! Now’s the time to extract a pound of flesh!

Well, this is disheartening.

And here I thought United was being hit the hardest, especially with their international exposure.

Our International exposure was hit by a couple of our “investments” going chapter 11. I wonder how much of that was written off our bottom line. I honestly don’t know because I didn’t look. I think the whole “spreading the risk around” is how we rationalize our lack of Organic International growth.

Cue sailing’s entrance to start telling me/us that we flew more asm’s across the Atlantic than any other US carrier.

Hey look at the bright side, we won’t be paying taxes with those carry-forward losses for quite some time.

FUUUUUDDDGGGGEEEEE...(only I didn’t say “fudge”)

I believe that’s referred to as “damning with faint praise”.

They had a worse 1Q than us and if I’m looking at the numbers right, UAL and DAL have lost exactly the same net loss for the year (about $3.3B).

Also, another thing I’m not certain about, is if their reported $18B cash on hand by the of the 3rd Q includes the CARES loan. I’m guessing it does.

I would guess the $18B does include the CARES loan too. They tried to borrow more from the private sector and were getting 11% interest quotes.

Congrats UAL!
They have 30 ish more WB aircraft than DAL, most Asian network of all US carriers, supposedly worse management, less revenue premium, lower morale - they should have had far more losses than DAL?! And less cash?

What are they doing right?

SILs when DAL has 85% on reserve?
No 60% limit?

I've read that UAL has not retired any aircraft yet, but is expected to soon, and will have large expenses associated with that move. DAL has already accounted its fleet changes.