UAL loses $152mil 1stQ

[Lampshade]

http://yahoo.reuters.com/news/artic...4-25_14-18-59_N25259790&type=comktNews&rpc=44

UAL said its loss amounted to $152 million, or $1.32 per share, compared with a year-ago profit that was exaggerated by $22.9 billion in bankruptcy reorganization items.

 

[General Lee]

Sounds like Tilton and his crew totally deserved 8% of the company upon exit, and Tilton really deserved his $40 million.

Bye Bye--General Lee

 

[Lampshade]

for 737 pylt:smash:

 

[FDJ2]

"Mild disappointment," said Calyon Securities analyst Ray Neidl. "Not as bad as it looks. They are adjusting for their frequent flyer program. That probably accounted for a third of that loss."

"The company ended the quarter with cash and short-term investments worth $4.2 billion, including $856 million of restricted cash."

"Operating cash flow increased by 38 percent from the first quarter of 2006 to approximately $626 million."

"Strong Cash Generation Facilitates Early Pay Down of Exit Loan"

"The company generated positive operating cash flow of $626 million, approximately $170 million higher than the comparable period in 2006."

"Total on and off balance sheet debt reduction in the quarter was $1.4 billion."

 

[Lampshade]

http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20070425:MTFH74599_2007-04-25_17-50-13_N25259790&pageNumber=0&imageid=∩=&sz=13&WTModLoc=HybArt-C1-ArticlePage2

Chief Financial Officer Jake Brace said the carrier may reduce its domestic capacity later this year.

Doesn't sound like its going to well.

 

[D-Bo]

The capacity is being drawn down for the sole reason of not being able to operate the full schedule with the manpower that is on property now and projected manpower through the summer. The training Center can take only about 50% of the training events during the month that it did 7 years ago. They could keep the full sched if they want to but already canceled about 400 flights so far in April alone already. That number would look more like 700 per month if they didn't reduce.

 

[Lampshade]

How do airlines not see this coming? Do they wait for the last possible second to make a decision? Then it takes several months to implement.

 

[D-Bo]

How do airlines not see this coming? Do they wait for the last possible second to make a decision? Then it takes several months to implement.

This is no surprise seeing who runs our company. Most decisions are reactive. For example, applied for the IAD-Beijing route. Problem was they didn't expect to get it and don't have enough 747-400 crews to fly it without causing International cancellations somewhere else in the system. Won the route several moths ago, started flying it last month, and they put out a vacancy notice to fill 5 -400 instructor positions to help with training...........today! No joke.

 

[Lampshade]

At most real companys heads would roll for $hit like that! Here at the airlines we give them stock options! Take that.

 

[Freight Dog]

... and you wonder why corporate America rejects find their sanctuaries in the airline industry.

 

[Andy]

You gotta love the timing of this. The pilots reject the TA because we're looking for a payraise and shortly after rejection of the TA, UAUA posts a quarterly loss. With positive cash flow. And 'new' frequent flyer mile accounting methods. And an increase in farming out the ASMs to the regional affiliates for a higher CASM.

 

[Rez O. Lewshun]

How do airlines not see this coming? Do they wait for the last possible second to make a decision? Then it takes several months to implement.

Airline managers are simply data analyst... all they do is look at data trends.

One of the major problems is they cannot and will not go down and talk to thier people. They simply do not want to hear what they have to say....

Until management can walk into the crewroom and walk out with the respect and trust of it pilots (or any employee group) then it has a culture problem....

 

[Lampshade]

The capacity is being drawn down for the sole reason of not being able to operate the full schedule with the manpower that is on property now and projected manpower through the summer. The training Center can take only about 50% of the training events during the month that it did 7 years ago. They could keep the full sched if they want to but already canceled about 400 flights so far in April alone already. That number would look more like 700 per month if they didn't reduce.

US Air is reducing capacity too. 7 737 go bye bye.

 

[737 Pylt]

for 737 pylt:smash:

???????


737