3Q Profit numbers released for both companies
10-21-2010, 12:59 PM
#11
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Position: B777 FO
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Originally Posted by EWRflyr
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!
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10-21-2010, 03:06 PM
#12
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Position: Boeing's Plastic Jet Button Pusher - 787
Posts: 2,086
Originally Posted by catIIIc
But Delta did just pay down a sizable portion of their long term debt so there cash dwindled a bit.
10-21-2010, 05:34 PM
#13
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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.
10-22-2010, 05:21 AM
#14
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Originally Posted by EWR73FO
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.
F United P M
04-24-2014, 04:11 AM
#15
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Joined APC: Feb 2011
Posts: 3,866
Originally Posted by kc135driver in Oct 2010
Wow, over 9B in unrestricted cash, way higher than DAL at around 5B.
Originally Posted by Monkeyfly in Oct 2010
That's a $840 million profit, for the quarter, for our airline.
Originally Posted by EWR73FO in Oct 2010
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.
"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.
Last edited by APC225; 04-24-2014 at 04:28 AM.
04-24-2014, 06:39 AM
#18
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Joined APC: Feb 2011
Posts: 3,866
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.
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.
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