April and may solution
03-19-2020 | 07:05 PM
#21
Line Holder
Joined: Feb 2015
Posts: 976
Likes: 75
From: NOYB
A bear and a rabbit are taking a **** in the woods.
The bear turns to the rabbit and asks conversationally: "You ever have a problem with **** sticking to your fur?"
The rabbit, smugly, replies: "Nope, never."
The bear says "Good to hear it," picks up the rabbit and wipes his ass with the bunny.
The bear turns to the rabbit and asks conversationally: "You ever have a problem with **** sticking to your fur?"
The rabbit, smugly, replies: "Nope, never."
The bear says "Good to hear it," picks up the rabbit and wipes his ass with the bunny.
03-19-2020 | 07:52 PM
#22
New Hire
Joined: Nov 2019
Posts: 9
Likes: 0
The word starting to come out is that we are burning through over $120 million PER DAY.
03-20-2020 | 03:43 AM
#23
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
Last edited by Andy; 03-20-2020 at 03:53 AM.
03-20-2020 | 05:05 AM
#24
Roll’n Thunder
Joined: Oct 2009
Posts: 5,123
Likes: 543
From: Pilot
$120M times 365 = $43.8B.
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
03-20-2020 | 01:21 PM
#25
Gets Weekends Off
Joined: May 2009
Posts: 2,032
Likes: 18
$120M times 365 = $43.8B.
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
03-20-2020 | 02:59 PM
#26
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Yes, cut in more than half. That lowers the annual number by (uneducated spitball) $5B or so? And we're using less fuel which cuts another (uneducated guess) $2B off the cost. Total annual fuel cost could be coming in at $2B. We'll have to see what the Q1 numbers look like.
03-20-2020 | 03:56 PM
#28
Gets Weekends Off
Joined: Apr 2011
Posts: 5,816
Likes: 5
From: retired 767(dl)
You are good, hopefully no F/A will have you arrested for assault with a dead weapon.
03-21-2020 | 12:32 AM
#29
Gets Weekends Off
Joined: Mar 2012
Posts: 2,209
Likes: 6
From: 777
. Hope all is well on the left coast.
03-21-2020 | 06:25 AM
#30
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Just for reference, on one of our (Delta) video updates from Managment it was mentioned we were burning approximately $40 million/day. Not sure if that is getting any better now that mass cancellations have begun and we aren’t flying practically empty planes everywhere.
United's salaries and related costs for 2019 was $12.1B. That's $33.2M/day for payroll alone.
