Great Job United - $22.9 BILLION in Net Income According to CNN.com

[On Your Six]

Check out this blurb from CNN.com below. Wow - that's either a huge net income (probably aided by pilot pay cuts) or a complete typo and misread of the financials. Huh????? Can you imagine the great bonuses management will get with that huge net income number? I am sure the pilots would benefit as well - NOT. Look below:


UAL
Global 500 rank: 366 (Previous rank: 369)
Profits (millions): $22,876
Change from 2005: NA
Get quote: UAUA

After emerging from bankruptcy in 2006, the holding company that owns United Airlines showed net income of $22.9 billion. But that was primarily a reflection of special Chapter 11 accounting. Operations income did improve from $447 million in 2005 to $666 million last year as the U.S. airline market finally bounced back from its post-9/11 troubles.

 

[ualdriver]

Check out this blurb from CNN.com below. Wow - that's either a huge net income (probably aided by pilot pay cuts) or a complete typo and misread of the financials. Huh????? Can you imagine the great bonuses management will get with that huge net income number? I am sure the pilots would benefit as well - NOT. Look below:


UAL
Global 500 rank: 366 (Previous rank: 369)
Profits (millions): $22,876
Change from 2005: NA
Get quote: UAUA

After emerging from bankruptcy in 2006, the holding company that owns United Airlines showed net income of $22.9 billion. But that was primarily a reflection of special Chapter 11 accounting. Operations income did improve from $447 million in 2005 to $666 million last year as the U.S. airline market finally bounced back from its post-9/11 troubles.

I think this has been discussed before. It has to do with the way numbers are accounted for when we exited bankruptcy.

 

[Fox-Tree]

22.9 Billion!! Daaayum!!!!
I knew I shouldn't have faxed in that final recall resignation today!!!!!!!! Oh well.

Good Luck to everyone. I hope the nay-sayers have to eat a big sh!t-burger sometime in the future. I still fly UAL when I have a choice. Class act (at least on the operator side - Tilton is scum).

 

[luv2fly]

I think this has been discussed before. It has to do with the way numbers are accounted for when we exited bankruptcy.

Its a typo, your company isn't even worth a third that amount.

 

[sonny320]

Exxon or Texaco but it's probably a typo. Can't believe anything in the news anymore...except if it's from Nancy Grace yeah right!!

 

[Sunking]

Nice profit! Now give it back to the Pilots you borrowed it from Tilton!

 

[wmuflyguy]

Income does not equal profit.

 

[Americam]

Income does not equal profit.

Yes, actually it does.

Revenue - Expenses = Net Income (Profit)

Profit exists only when Net Income is positive. If Net Income is negative, it is called a Loss.

Dilute that number per share of common stock, and you get EPS (earnings per share).

Net Income / # of shares outstanding = EPS.

 

[35khighpjc]

United Airlines showed net income of $22.9 billion.

Glenn Tiltons Take: $22.899 Billion
Labor: .001 Billion

Enjoy guys

-Paul