United: Growth plans on little expenditure - Page 5

#41

Grumble , 04-25-2014 02:20 PM

Gets Weekends Off

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Quote:
Originally Posted by Grumble
This is something I'm seeing more and more on the line. The company is absolutely hemorrhaging money, meanwhile LCAL and LUAL employee groups are too busy calling each other names to realize, that ship has sailed. Start working together or blast right into bankruptcy as two bickering groups.
Yes the $7B in cash is proof we are hemorrhaging money, plus the $700M of positive net cash flow in the 1st quarter.

That's hemorrhaging money!?

Legit question, didn't the merged companies have close to $10b in cash? Isn't that down to 4-5b on last report?

How do you come up with $700m in the black when the rest if the world is seeing a $600m loss?

Not throwing stones, seriously I'm not a numbers guy.

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Start working together or blast right into bankruptcy as two bickering groups.
Or.......With the way this company is being run. We could be spooning and whispering sweet nothings into each others ears and we are still going to blast right back into bankruptcy.

My point being, how is stabbing each other in the back and being bitter helping anyone's situation?

Totally understand why groups are angry and frustrated, but I have to wonder when FA's are standing in the forward galley yelling about how much they hate their job, and how they're getting screwed over, in front of passengers as they're boarding.... What outcome are they hoping will come from that?

#42

XHooker , 04-25-2014 03:05 PM

Gets Weekends Off

Quote:

Originally Posted by Grumble

My point being, how is stabbing each other in the back and being bitter helping anyone's situation?

Grumble, maybe you've had some bad luck, or maybe I've had good luck, but I don't see any of that on line. The internet, as you know, doesn't reflect reality.

#43

C11DCA , 04-25-2014 04:43 PM

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Quote:

Originally Posted by pilot64golfer

Yes the $7B in cash is proof we are hemorrhaging money, plus the $700M of positive net cash flow in the 1st quarter.

That's hemorrhaging money!?

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Liquidity and Cash Flow

UAL ended the first quarter with $6.0 billion in unrestricted liquidity, including $1.0 billion of undrawn commitments under a revolving credit facility. The company generated $694 million of operating cash flow in the first quarter. During the first quarter, the company had gross capital expenditures of $737 million, excluding fully reimbursable projects. The company made debt and capital lease principal payments of $637 million in the first quarter.

We actually been negative net cash for the last three years as well.

Chart here.

UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance

And Delta's for comparison..

DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance

DC

#44

Monkeyfly , 04-25-2014 05:28 PM

Not retiring avatar

Quote:

Originally Posted by C11DCA

Actually it's $6 billion and we were negative net cash flow this past quarter. While cash flow was positive on an operational basis, we spent it all plus some on other things, thus net cash flow was negative.

We actually been negative net cash for the last three years as well.

Chart here.

UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance

And Delta's for comparison..

DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance

DC

And $1Billion of that $6Billion is in a Line of Credit.

Annual report 2010 (first post-merger) has us at $8.68Billion in Cash and short term investments; Annual report 2013 has us at $5.12Billion in cash and short term investments.

Jeff must have the BOD hypnotized.

#45

C11DCA , 04-26-2014 05:07 AM

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Quote:

Originally Posted by Monkeyfly

And $1Billion of that $6Billion is in a Line of Credit.

Annual report 2010 (first post-merger) has us at $8.68Billion in Cash and short term investments; Annual report 2013 has us at $5.12Billion in cash and short term investments.

Jeff must have the BOD hypnotized.

Merging takes a lot of cash, especially if they make bad decisions and have to fix what they decided.

Given our new aircraft orders for the next decade, we will be essentially cash flow break even at best.

Paying down debt is a good thing, and so far the plan to return cash to shareholders is going nowhere.

Given all that, I'm not surprised our cash balance has gone down. However at this point in the merger we should be net cash positive like Delta is, and we are far from that.