Q1 Loss
04-20-2023 | 05:45 AM
#81
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
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From: 787
Originally Posted by JTwift;[url=tel:3626744
3626744[/url]]So, is this going to make us the only airline to lose money this year? (I know delta posted a Q1 loss, but that’s due to the contract that was ACTUALLY signed. Without that, they’re showing a profit, and have guidance of posting a profit the rest of the year).).
what is our world domination plan again?
two weeks!
what is our world domination plan again?
two weeks!
04-20-2023 | 05:59 AM
#82
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Joined: Jul 2022
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From: 787 FO
UAL paid down $5B in adjusted total debt in Q1 2023.
Last edited by jerryleber; 04-20-2023 at 06:14 AM.
04-20-2023 | 06:52 AM
#83
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Joined: May 2013
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From: Often a desk sometimes a jet
Originally Posted by jerryleber;[url=tel:3626812
3626812[/url]]No kidding. Nothing like talking down the stock at JP Morgan transportation conference, then weeks later issuing the execs millions in options at the lower stock price just ahead of an optimistic earnings presentation and enjoying the 7% premium when the stock price pops as a result. All legal in America.
UAL paid down $5B in adjusted total debt in Q1 2023.
UAL paid down $5B in adjusted total debt in Q1 2023.
This.
We are mere pawns in their game of kings.
04-20-2023 | 07:00 AM
#84
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Joined: Feb 2008
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No kidding. Nothing like talking down the stock at JP Morgan transportation conference, then weeks later issuing the execs millions in options at the lower stock price just ahead of an optimistic earnings presentation and enjoying the 7% premium when the stock price pops as a result. All legal in America.
UAL paid down $5B in adjusted total debt in Q1 2023.
UAL paid down $5B in adjusted total debt in Q1 2023.
04-20-2023 | 11:34 AM
#86
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Joined: Feb 2008
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I don’t know. As I said it depends on where the capital to pay the debt came from. If they drew down a 5 billion dollar line of credit to have cash for Covid and are simply taking that same 5 billion to pay it back it doesn’t mean much. Most airlines grabbed every nickel they could get to boost cash on hand during covid. They are all paying it back now to reduce interest expense.
04-20-2023 | 01:46 PM
#87
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04-21-2023 | 05:01 PM
#88
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Joined: Aug 2016
Posts: 6,995
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From: Fully Retired
Profit and Loss and the Balance Sheet are different animals. They can pay down debt if they have cash in their Balance Sheet, even if the P&L shows a loss.
One of the big differences is the P&L statement has the depreciation taken as an expense. It can be the difference between showing a profit and showing a loss. The cash when you buy a plane is shown as a debt on the Balance Sheet. It is not shown as a loss. Only the depreciation each year reduces the profit for that year.
One of the big differences is the P&L statement has the depreciation taken as an expense. It can be the difference between showing a profit and showing a loss. The cash when you buy a plane is shown as a debt on the Balance Sheet. It is not shown as a loss. Only the depreciation each year reduces the profit for that year.
04-21-2023 | 05:39 PM
#89
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Joined: Oct 2019
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I don’t know. As I said it depends on where the capital to pay the debt came from. If they drew down a 5 billion dollar line of credit to have cash for Covid and are simply taking that same 5 billion to pay it back it doesn’t mean much. Most airlines grabbed every nickel they could get to boost cash on hand during covid. They are all paying it back now to reduce interest expense.
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