Forbes Article: UAL-"Deathwatch"

[atpcliff]

Hi :-(

I just read the article. It sounds bad.

http://biz.yahoo.com/fo/030213/2efbb6a9fa2ce2ae96f3f1a3e8cbc3d8_1.html

CLiff
GRB

PS-Yesterday (2.16.03) my wife told me she just read a couple more articles that reported the same as the above. The news is getting worse and worse.

 

[GIVJoc]

It was predicted sometime back by one of the really big economic analyst groups that UAL would never make it out alive that they were actually further gone that most were led to believe. Once the chapter 11 filing took place and people actually began to see first hand the damage the company had sustained both pre and post 9/11 it was said again, they are gone.

This is only another story saying the same thing again, only time will tell but it doesn’t look good.

One of our company analysts told us that while (obviously) bad for the UAL family a liquidation of UAL could very well rescue such carriers as AMR.

Hope it doesn’t happen, but it don’t look good. Management really **CENSORED****CENSORED****CENSORED****CENSORED**ed that company up in reverse.

GIV

 

[Tim47SIP]

United will survive

At least I hope so. I don't think it will look anything like what it does today. Probably 50% of it's original size carrying probably 80% of its old route structure. Sure hope they can pull it off because there are a lot of people that gave their whole lives and careers to that carrier. I think we should all pull for their survival. Although a very close freind of mine that was hired in 89 said that "things dont look good".

 

[ilinipilot]

The sad truth:

If UAL liquidates they will never survive. It is a doomed situation for them. The bankers have as leverage the only thing that UAL is making any kind of money off of (route authoritites to the pacific rim and heathrow, slots etc). Those are the very things that differentiate UAL from AA, NWA, DL etc. If they give up/liquidate those route authorities and slots they will have nothing to make money off of and they will also lose more money on domestic routes because the domestic routes feed the international traffic.

Plus,
When you try and attract corporate clients they want access to heathrow, narita, etc. They dont care about des moines or tuscalosa (not trying to offend anyone making a point). They want the carrier with the best network that can get them the most places non-stop. if UAL can no longer do that, guess who will AA. I guarantee you they will find the money for it somewhere.

I wish the situation wasnt so dire, but I am affraid it is. The bankers are now controlling UAL not the employees, BOD, or unions. If they give UAL more time they can work through it but the bankers want there money now as opposed to later.

My 2 cents my opinion
D

PS I have always wanted to fly for a major like UAL and its sad to write this post

 

[Beechnut]

Pilots talking about the financial situation of a company they don't work for (Even better, company they don't work for and don't have first hand info about their business recovery plan): "blah blah blah blah blah, I read an article, blah blah blah blah, then one guy form OUR financial department said UAL blah blah blah blah, Then I can spit up this fact I read once: blah blah blah blah, I met a ual guy on the jumpseat once and HE said: blah blah blah blah blah, The Money section in the USAToday said: blah blah blah blah blah blah, well, when I filled Bankruptcy after my third divorce I had to do this and UAL should too: blah blah blah blah.

I don't have my head in the sand, and it's tough NOT to speculate, but c'mon folks remember what your skills are.

...it ain't working the numbers for a company that hasn't released them yet.

S.

 

[172driver]

I love flying on UAL because you can listen to the cockpit comms instead of the canned music. Only a pilot can truly appreciate that. Hope they make it.

 

[GIVJoc]

Pilots talking about the financial situation of a company they don't work for...
I read an article, blah blah blah blah, then one guy form OUR financial department said UAL blah blah blah blah, Then I can spit up this fact I read once: blah blah blah blah

I don't have my head in the sand, and it's tough NOT to speculate, but c'mon folks remember what your skills are.

...it ain't working the numbers for a company that hasn't released them yet.

S.

Well, Beechnut

When I spoke of one of “our” analyst I was trying to be as gracious as I possibly could w/o coming right out and yelling it from the top of the mountain.

I fly for one of the debtor-in-possession lenders mentioned in the article. Considering that I would assume that “our” analyst knows a bit more than most and when he spoke to me it was with that authority.

Kind of puts me on an out I guess, with all the UAL folks on this board knowing that someone among them is flying off the fat backs of those bankers who are standing by with itchy trigger fingers ready to put this ole gal out of her misery.

Peace my friend,

GIV

 

[Obi-Wan]

From what I hear Denver is pretty much a done deal and if this happens Continental will pick up more flying out of Denver.