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Old 03-25-2020, 04:38 PM   #221  
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Originally Posted by XHooker View Post
Yes, god forbid HS kids should learn about Shakespeare or calculus. I do agree personal finance is way underemphasized in our society, but 40 years ago, legally fleecing Americans was much more difficult... which probably coincides with more econ and finance majors today.
Iím all for Shakespeare Calculus Pysics etc. but they need to teach kids (and adults) how to balance an account and what APR means and the long term ramifications of ignoring such basic financial building blocks.
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Old 03-25-2020, 04:58 PM   #222  
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Iím all for Shakespeare Calculus Pysics etc. but they need to teach kids (and adults) how to balance an account and what APR means and the long term ramifications of ignoring such basic financial building blocks.
And we need to send CEOs back to school to educate them about conserving cash and avoiding stock buybacks.
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Old 03-25-2020, 06:08 PM   #223  
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Just to nitpick but the highlighted above about our daily payroll costs is way inaccurate.

Based on the 2019 annual report: Investor Relations - United Airlines Holdings, Inc.

2019 2018 Increase (Decrease) % Change
Salaries and related costs $ 12,071$ 11,458 $ 613 5.3
Aircraft fuel 8,953 9,307 (354) (3.8)
Regional capacity purchase 2,849 2,649 200 7.6
Landing fees and other rent 2,543 2,449 94 3.8
Depreciation and amortization 2,288 2,165 123 5.7
Aircraft maintenance materials and outside repairs 1,794 1,767 27 1.5
Distribution expenses 1,651 1,558 93 6.0
Aircraft rent 288 433 (145) (33.5)
Special charges 246 487 (241) NM
Other operating expenses 6,275 5,801 474 8.2
Total operating expenses $ 38,958 $ 38,074 $ 884 2.3


so that comes $33 million/ day ($12,071 billion/365 days) $150 million per day would be $54.75 billion per year!!! More then our entire operating revenue by $10+billion.
great cross check on the numbers. Legit.
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Old 03-25-2020, 08:34 PM   #224  
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There are reports indicating the stimulus bill will protect airline employees from furlough or pay cuts until the end of September.

https://youtu.be/n_XJF4E0oCs
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Old 03-25-2020, 09:13 PM   #225  
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And we need to send CEOs back to school to educate them about conserving cash and avoiding stock buybacks.
Agreed.......but if you have TOO much cash on hand a company is ripe for a takeover from what I hear 🤷‍♂️

Obviously they screwed the pooch on this one ...... way to go Doug Parker 🤮.

I sure as hell donít know.......I fly - they manage.
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Old 03-25-2020, 11:10 PM   #226  
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Do you have a plan after September?
Iím gonna wake up Billie Joe Armstrong.


https://www.airlinepilotforums.com/a...1&d=1585206860
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Old 03-26-2020, 01:31 AM   #227  
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The damage from this will come from the impact on the global economy as a response to the virus, not the actual virus. We could go to zero cases globally in a month, but the recovery could be slow. People all over the world have sunk their life savings into small businesses and restaurants. Many cannot go a month with little or no sales and will not be back. It will take time for others to enter the market and replace those jobs. Looking selfishly at our industry, there will likely be far fewer people coming out of this in a financial position to travel even if the fear is gone. Weíre far enough down the rabbit hole now that it doesnít really matter if the response was justified or hyped up panic. The damage is done.
Being in a rabbit hole or, "warren", is quite comforting.
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Old 03-26-2020, 01:32 AM   #228  
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The American taxpayer will never want to see the majors make a profit again after this bailout is approved.
You are right. Quit your job now. No one will ever want to take a summer vacation to Europe again.
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Old 03-26-2020, 01:33 AM   #229  
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And we need to send CEOs back to school to educate them about conserving cash and avoiding stock buybacks.
Maybe send you TO school to learn the history of what happens to companies, particularly airlines, sitting on top of cash with little debt.

Donít you have some side hustle making 30k/month thatís a better use of your time since you couldnít hack it even getting TO the majors?
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Old 03-26-2020, 04:06 AM   #230  
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Iím all for Shakespeare Calculus Pysics etc. but they need to teach kids (and adults) how to balance an account and what APR means and the long term ramifications of ignoring such basic financial building blocks.
Almost every high school today has some form of personal finance class and it has a limited benefit. The kids don't understand the importance or the real world value and often times the teacher is just a regular math teacher who might be a financial wreck themselves. You can be great at Calculus and still get suckered into leasing a car, getting bent over by a financial advisor, get sold a whole life insurance policy, or not understanding your credit score. Corporate finance is an even bigger can of worms that is continually changing with tax codes and more and more complex payments schemes for executives. There will always be people getting taken advantage of and to think that previous generations were more adept at avoiding it is pretty laughable. We have the power of the internet today where a quick google will solve a lot of scams or high pressure sales tactics and yet we still have timeshares, bad investment advice, and car loans above 20% interest... There is a sucker born every minute.
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