Agreement In Principle
05-18-2022 | 11:04 AM
#311
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
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From: guppy CA
I can't argue with your logic, especially with the financial markets going lower and the Fed just starting to tighten along with Quantitative Tightening.
05-18-2022 | 11:09 AM
#312
Line Holder
Joined: Oct 2018
Posts: 210
Likes: 28
When Scotty was on CNBC the other day grinning from ear to ear, he slipped in that fuel costs were up $10 Billion year over year made me cringe. That's a problem for profitability.
I can't argue with your logic, especially with the financial markets going lower and the Fed just starting to tighten along with Quantitative Tightening.
I can't argue with your logic, especially with the financial markets going lower and the Fed just starting to tighten along with Quantitative Tightening.
Fuel costs should be up.
Costs don't matter when you generate enough revenue to overcome the costs. This isn't the GFC, yet. Don't jump headfirst into a yes vote unless the contract merits it.
05-18-2022 | 11:22 AM
#313
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Joined: Mar 2006
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From: guppy CA
Year over year, United is flying double the ASM's and have consumed nearly twice as much fuel.
Fuel costs should be up.
Costs don't matter when you generate enough revenue to overcome the costs. This isn't the GFC, yet. Don't jump headfirst into a yes vote unless the contract merits it.
Fuel costs should be up.
Costs don't matter when you generate enough revenue to overcome the costs. This isn't the GFC, yet. Don't jump headfirst into a yes vote unless the contract merits it.
But I'll also weigh the economic landscape, which is deteriorating daily.
As for fuel costs, United filed an 8-K dated Maym16 with an update on Q2. The new fuel cost estimate should freak anyone out. It went from $3.43/gal to $4.02/gal.
I don't know if this link will work: https://ir.united.com/static-files/8...9-9614c0d331b6
05-18-2022 | 11:59 AM
#314
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Joined: Oct 2018
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I'll read it and then decide. All of the rumors out there look like bovine excrement.
But I'll also weigh the economic landscape, which is deteriorating daily.
As for fuel costs, United filed an 8-K dated Maym16 with an update on Q2. The new fuel cost estimate should freak anyone out. It went from $3.43/gal to $4.02/gal.
I don't know if this link will work: https://ir.united.com/static-files/8...9-9614c0d331b6
But I'll also weigh the economic landscape, which is deteriorating daily.
As for fuel costs, United filed an 8-K dated Maym16 with an update on Q2. The new fuel cost estimate should freak anyone out. It went from $3.43/gal to $4.02/gal.
I don't know if this link will work: https://ir.united.com/static-files/8...9-9614c0d331b6
What I would be worried about is if people become so pinched for cash in the near future that United is not able to offset fuel/labor costs though increased fares. That would be like the recessions of the past we are familiar with. Fingers crossed, and good luck with the AIP.
05-18-2022 | 12:05 PM
#315
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Joined: Nov 2008
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From: Airbus 320 Right Seat
First class DH’s are gone going forward minus the long flights as they were prior to Covid .
The first class DH was a LOA Covid thing IMO that was signed into place (temporarily) knowing that once the economy comes back they would want those seats back .
would love to be wrong .
The first class DH was a LOA Covid thing IMO that was signed into place (temporarily) knowing that once the economy comes back they would want those seats back .
would love to be wrong .
05-18-2022 | 12:46 PM
#316
Gets Weekends Off
Joined: Mar 2006
Posts: 1,112
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From: SFO Guppy CA
First class DH’s are gone going forward minus the long flights as they were prior to Covid .
The first class DH was a LOA Covid thing IMO that was signed into place (temporarily) knowing that once the economy comes back they would want those seats back .
would love to be wrong .
The first class DH was a LOA Covid thing IMO that was signed into place (temporarily) knowing that once the economy comes back they would want those seats back .
would love to be wrong .
05-18-2022 | 12:49 PM
#317
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Joined: Mar 2006
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From: guppy CA
In the same document though, revenue increases proportionally resulting in the same estimated operating margin of 10%. Like I said, it's not a big deal if the costs increase are met with a consummate revenue increase.
What I would be worried about is if people become so pinched for cash in the near future that United is not able to offset fuel/labor costs though increased fares. That would be like the recessions of the past we are familiar with. Fingers crossed, and good luck with the AIP.
What I would be worried about is if people become so pinched for cash in the near future that United is not able to offset fuel/labor costs though increased fares. That would be like the recessions of the past we are familiar with. Fingers crossed, and good luck with the AIP.
We've got a while until there's a TA, but I wouldn't dismiss Beewatcher2's post.
05-18-2022 | 01:03 PM
#320
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Joined: May 2022
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Here’s that latest rumor:
2 year contact
5% DOS
Retro to from DOS 31 Dec 2021 (5%)
5% after a year
5% on year two (15% total, below inflation)
Some reserve work rule improvements to disincentivize SC/FSB and global rolling to RDO/FDO
Big carve out for TK and LCAs.
No other significant changes.
2 year contact
5% DOS
Retro to from DOS 31 Dec 2021 (5%)
5% after a year
5% on year two (15% total, below inflation)
Some reserve work rule improvements to disincentivize SC/FSB and global rolling to RDO/FDO
Big carve out for TK and LCAs.
No other significant changes.
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