United: Growth plans on little expenditure
#41
Gets Weekends Off
Joined APC: Nov 2009
Posts: 5,169
This is something I'm seeing more and more on the line. The company is absolutely hemorrhaging money, meanwhile LCAL and LUAL employee groups are too busy calling each other names to realize, that ship has sailed. Start working together or blast right into bankruptcy as two bickering groups.
That's hemorrhaging money!?
How do you come up with $700m in the black when the rest if the world is seeing a $600m loss?
Not throwing stones, seriously I'm not a numbers guy.
Start working together or blast right into bankruptcy as two bickering groups.
Totally understand why groups are angry and frustrated, but I have to wonder when FA's are standing in the forward galley yelling about how much they hate their job, and how they're getting screwed over, in front of passengers as they're boarding.... What outcome are they hoping will come from that?
#42
Gets Weekends Off
Joined APC: Mar 2008
Posts: 1,083
#43
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 631
Actually it's $6 billion and we were negative net cash flow this past quarter. While cash flow was positive on an operational basis, we spent it all plus some on other things, thus net cash flow was negative.
Liquidity and Cash Flow
UAL ended the first quarter with $6.0 billion in unrestricted liquidity, including $1.0 billion of undrawn commitments under a revolving credit facility. The company generated $694 million of operating cash flow in the first quarter. During the first quarter, the company had gross capital expenditures of $737 million, excluding fully reimbursable projects. The company made debt and capital lease principal payments of $637 million in the first quarter.
UAL ended the first quarter with $6.0 billion in unrestricted liquidity, including $1.0 billion of undrawn commitments under a revolving credit facility. The company generated $694 million of operating cash flow in the first quarter. During the first quarter, the company had gross capital expenditures of $737 million, excluding fully reimbursable projects. The company made debt and capital lease principal payments of $637 million in the first quarter.
Chart here.
UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance
And Delta's for comparison..
DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance
DC
#44
Actually it's $6 billion and we were negative net cash flow this past quarter. While cash flow was positive on an operational basis, we spent it all plus some on other things, thus net cash flow was negative.
We actually been negative net cash for the last three years as well.
Chart here.
UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance
And Delta's for comparison..
DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance
DC
We actually been negative net cash for the last three years as well.
Chart here.
UAL Cash Flow | United Continental Holdings Stock - Yahoo! Finance
And Delta's for comparison..
DAL Cash Flow | Delta Air Lines, Inc. Common St Stock - Yahoo! Finance
DC
Annual report 2010 (first post-merger) has us at $8.68Billion in Cash and short term investments; Annual report 2013 has us at $5.12Billion in cash and short term investments.
Jeff must have the BOD hypnotized.
#45
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 631
Given our new aircraft orders for the next decade, we will be essentially cash flow break even at best.
Paying down debt is a good thing, and so far the plan to return cash to shareholders is going nowhere.
Given all that, I'm not surprised our cash balance has gone down. However at this point in the merger we should be net cash positive like Delta is, and we are far from that.
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