Airline Pilot Central Forums - 3Q Profit numbers released for both companies

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- - 3Q Profit numbers released for both companies (https://www.airlinepilotforums.com/united/54232-3q-profit-numbers-released-both-companies.html)

Quote:

Originally Posted by EWRflyr (Post 888190)

You both beat me to it. DL is relative in size to the new UA and they have almost 50% less on their balance sheet than our company? Like you said about the realities of the situation:

F United P M!

But Delta did just pay down a sizable portion of their long term debt so there cash dwindled a bit.

Quote:

Originally Posted by catIIIc (Post 888216)

But Delta did just pay down a sizable portion of their long term debt so there cash dwindled a bit.

Would be interested in the number's 'Pre vs Post' concerning $$ in the bank.

One item that has not be mentioned is the prepayment of debt. Both paid a total of $295M for the quarter and prepaid $140M of debt as well. Paid almost 1/2B in debt in one quarter while increasing their cash postion by nearly $800M. Sounds like the new UAL has cash to burn. If mgmt can increase their cash balance that much and still have enough to prepay debt, then they have more than enough to achieve the contract we want and deserve while still maintaining the prosperity of the new UAL. The problem rests now with the dysfunctional CAL union.

Quote:

Originally Posted by EWR73FO (Post 888360)

Don't forget when the companies issue bonds for "general corporate purposes." Guess what? Employee salaries are a general corporate purpose if you ask me. If they can raise hundreds of millions at will for copier toner, elite boarding carpets, and food-for-sale menus, they can sure do the same to pay their employees.

F United P M

Quote:

Originally Posted by kc135driver in Oct 2010 (Post 887986)

Wow, over 9B in unrestricted cash, way higher than DAL at around 5B.

Quote:

Originally Posted by Monkeyfly in Oct 2010 (Post 888091)

That's a $840 million profit, for the quarter, for our airline.

Quote:

Originally Posted by EWR73FO in Oct 2010 (Post 888360)

Paid almost 1/2B in debt in one quarter while increasing their cash postion by nearly $800M. Sounds like the new UAL has cash to burn.

Three and a half years later we're down to $6M. That doesn't seem like a lot for this large a company.

"Although we have improved our operations and our customer service, our financial performance continues to lag that of our competitors. I’m confident that our strong assets, experienced people and the actions we are taking to improve our revenue while driving improved quality and efficiency will begin to yield improving results as we progress through 2014 and beyond."

-- Jeff" 4/24/14

Talk about mealy-mouthed pablum. You've got to hand it to him though. He really has turned things around, taking two legacy carriers making money to one losing money. Looks like that MBA 101 "How Not To Merge" class just got extended a week.

Am I reading this correctly? A billion dollar difference between earnings of UAL and DAL? What an embarrasment Mr. Smizek. :mad:

Quote:

Originally Posted by Daytripper (Post 1629460)

Am I reading this correctly? A billion dollar difference between earnings of UAL and DAL? What an embarrasment Mr. Smizek. :mad:

Why is Smisek still here??!! (Great point Daytripper).

Apples to apples.

DAL's 2012 Jan-Mar quarter three years after their merger,

- Excluding special items(1), Delta's net loss for the March 2012 quarter was $39 million, or $0.05 per share, and its pre-tax loss was $36 million.

UAL's 2012 Jan-Mar quarter three years after their merger,

- We reported Thursday a first-quarter 2014 net loss of $489 million, or $1.33 per share, excluding $120 million of special items. Including special items, we reported a first-quarter 2014 net loss of $609 million, or $1.66 per share.

Looks like we're right on track. To somewhere.