Earnings!
07-21-2020 | 01:54 PM
#12
Gets Weekends Off
Joined: Jan 2008
Posts: 661
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From: A320
07-21-2020 | 02:52 PM
#13
Banned
Joined: Feb 2011
Posts: 1,629
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From: 756 Left Side
07-21-2020 | 03:46 PM
#14
Line Holder
Joined: Dec 2013
Posts: 36
Likes: 0
How long can we hang?
If we have $18B in liquidity and our cash burn is 25M per day, any guesses on how long we can continue at this pace till a recovery comes about?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
07-21-2020 | 04:29 PM
#15
Gets Weekends Off
Joined: Oct 2010
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If we have $18B in liquidity and our cash burn is 25M per day, any guesses on how long we can continue at this pace till a recovery comes about?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
UAL is not going away. But the airline will be staffed for whatever demand is forecast, unfortunately.
07-22-2020 | 02:16 AM
#18
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
07-22-2020 | 04:02 AM
#19
Orbis Non Sufficit
Joined: Oct 2015
Posts: 788
Likes: 10
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
07-22-2020 | 05:52 AM
#20
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 205
From: 787
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
AUG sked will be 35-40% of normal and the schedule will remain consistent throughout the rest of 2020. So by default this falls sked will be about 60% just because of normal seasonal reductions. No one is going to be getting a second or third furlough.
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