HUGE loss for United

[FreightNazi]

UAL Corp. Net Loss Widens In Third Quarter
Bankrupt UAL Corp., parent of United Airlines, on Monday reported a wider quarterly loss as reorganization expenses drove the company deep into the red. The No. 2 U.S. airline said its net loss amounted to $1.8 billion, or $15.26 per share, compared with $274 million, or $2.38 per share, a year earlier.

 

[klhoard]

.
.
.
That's just an "accounting error" here in Memphis!!!
.
.
.

 

[General Lee]

Yes, but JP Morgan and a few other bankers gave them $3 billion in exit financing.


Bye Bye--General Lee

 

[FlyBoeingJets]

Yes, but JP Morgan and a few other bankers gave them $3 billion in exit financing.


Bye Bye--General Lee

Yeah, but they're running it like a hot knife thru butter.



I know, I know.... They are charges that will be reduced by the court. But we only have part of the story. Operating profit is nice, but they will still have to pay some of the charges. At least a fraction of them.

 

[ChperpltII]

Double post...

 

[ChperpltII]

United posted a 1.77B loss for the quarter. It's not listed in the original post, but they also took a 1.8B non cash aircraft restructuring charge which is apparently normal for a company about to exit CH11.

In reality, they had an operating profit for quarter... I believe it was 165 million.

I think everyone else (those still hurting) should be worried if UAL can break even, or make a small profit with the fuel prices today..

 

[FlyBoeingJets]

Overall, good job United. Seriously.

JetBlue is competing with United on the transcon's. UAL increased cash by $35 million. JetBlue was hurt last quarter and is forecasting a loss in Q4. I think JetBlue has awakened the sleeping giant.

During the quarter, mainline passenger unit revenue increased 11 percent and yield increased 9 percent, compared to third quarter last year. System load factor increased 2 points to 84 percent. Results for the third quarter of 2005 reflect a 3 percent reduction in traffic on a 5 percent reduction in system capacity compared with the same period last year. United achieved one of the highest system length-of-haul adjusted passenger unit revenues in the industry.

During the third quarter, reallocation of aircraft capacity to international markets and further optimization of United's domestic schedule contributed to an increase in fleet utilization of 4 percent compared to the same period last year. As a result, year-over-year the company reduced the number of aircraft in its fleet by 10 percent, while reducing system available seat miles by only 5 percent.
During the quarter the company introduced its new explus United Express flights, featuring United First Class, Economy Plus and United Economy seating on 70-seat regional jets and expanded the scope of the company's unparalleled route network.

"Third quarter results show that our revenue continues to improve faster than the industry, and performance trends are encouraging," said John Tague, executive vice president - marketing, sales and revenue. "However, they do not fully reflect United's potential and we see additional opportunities to improve revenue generation, as industry domestic capacity continues to decline, and our own international growth moderates." United continues to be committed to enhancing the customer experience with industry-leading products, including United Economy Plus service, the introduction of explus premium service on 70-seat regional jets for United Express, and the success of United's p.s., premium transcontinental service between New York and Los Angeles or San Francisco. United also continues to transform and optimize all areas of revenue execution, including its business-to-business sales efforts, loyalty programs, revenue management and all areas of network optimization.

 

[FutureTEDpilot]

Always the other side of the story...

UAL Corporation Reports Third-Quarter 2005 Results [FONT=arial, helvetica, sans-serif][SIZE=-1]- Third-Quarter Operating Earnings of $165 Million, a $245 Million Improvement
Year-Over-Year Despite Higher Fuel Prices Negatively Impacting Fuel Expenses
[/SIZE][/FONT] By $405 Million - $68 Million Net Income, Excluding Restructuring Charges- Predominantly Non-Cash Bankruptcy Related Charges of $1.8 Billion Result in Net Quarterly Loss of $1.8 Billion - Mainline Passenger Unit Revenue up 11 percent- Mainline Unit Costs Up 5 percent on 5 percent Lower Capacity Excluding Fuel, Mainline Unit Costs Down 5 percent[FONT=arial, helvetica, sans-serif][SIZE=-1]CHICAGO, Oct. 31 /PRNewswire-FirstCall/ -- UAL Corporation (OTC Bulletin Board: UALAQ), the holding company whose primary subsidiary is United Airlines, today reported its third-quarter 2005 financial results.
UAL reported third-quarter operating earnings of $165 million, $245 million better than the same quarter last year, despite higher fuel prices for the mainline and regional affiliates negatively impacting fuel expense by $405 million year-over-year. UAL reported a net loss of $1.8 billion, or a loss per basic share of $15.26, which includes $1.8 billion in reorganization items. The company believes the best indicator of United's post-reorganization financial performance is provided by reviewing operating and net earnings excluding restructuring charges. Excluding the reorganization items, UAL earned a net profit for the third quarter totaling $68 million.
Reorganization items were primarily driven by $1.7 billion in non-cash aircraft rejection charges. It is common for the results of operations of companies progressing through Chapter 11 to be impacted by non-cash charges related to their reorganization, especially as restructuring work nears completion. Charges based on the claims of our creditors are recorded at the amount expected to be allowed by the court. However, as shown in our Plan of Reorganization, these claims are expected to be settled at exit for a minor fraction of the amount of the charges recorded. Looking forward, the company is expected to record a large gain at exit in 2006 when these claims are settled for less than the amounts originally recorded. It is important to note that this is a matter of accurate accounting, and that neither the aircraft rejection charges recorded at this time nor the gain expected to be recorded at exit in 2006 have any significant impact on the company's cash position.
"United is a fundamentally better company today with sustainable improvements across the business and solid operational performance. The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity," said Glenn Tilton, United's chairman, CEO and president. "There is more work to do -- and opportunity to be gained -- as United becomes even more vigorously competitive in generating revenue and reducing costs."
United's Restructuring Builds Momentum towards Exit
In the third quarter of 2005, United achieved significant milestones in its restructuring activities. As part of the recent restructuring efforts, United:
[/SIZE][/FONT] -- Filed the Plan of Reorganization detailing the company's new structure and business plan; -- Set a schedule, agreed by the Creditors' Committee and the Court, which results in an exit from bankruptcy in February, 2006; -- Finalized a commitment for $3 billion in all-debt exit financing with JP Morgan and Citibank; and -- Received Disclosure Statement approval by the Court allowing the plan solicitation process to begin.[FONT=arial, helvetica, sans-serif][SIZE=-1]"This quarter, United has accomplished a great deal and our restructuring is largely complete. This success demonstrates that we have become adept at meeting the challenges of a changing industry," said Jake Brace, United's executive vice president and chief financial officer. "Third quarter results are strong, despite a $405 million impact from higher fuel prices year-over-year."
Mainline Revenue Results
During the quarter, mainline passenger unit revenue increased 11 percent and yield increased 9 percent, compared to third quarter last year. System load factor increased 2 points to 84 percent. Results for the third quarter of 2005 reflect a 3 percent reduction in traffic on a 5 percent reduction in system capacity compared with the same period last year. United achieved one of the highest system length-of-haul adjusted passenger unit revenues in the industry.
During the third quarter, reallocation of aircraft capacity to international markets and further optimization of United's domestic schedule contributed to an increase in fleet utilization of 4 percent compared to the same period last year. As a result, year-over-year the company reduced the number of aircraft in its fleet by 10 percent, while reducing system available seat miles by only 5 percent.
During the quarter the company introduced its new explus United Express flights, featuring United First Class, Economy Plus and United Economy seating on 70-seat regional jets and expanded the scope of the company's unparalleled route network. Customer-focused initiatives include:
[/SIZE][/FONT] -- United's Business 1 program which will make travel more convenient for business customers traveling in and out of Chicago O'Hare International Airport, including the convenience of dedicated and close-in departure gates and an on-time arrival guarantee on all Business 1 flights; -- Expanded redemption choices for customers' travel awards through the company's Mileage Plus loyalty program; and -- Completed code share agreements with new Star Alliance members TAP and South African Airways.[FONT=arial, helvetica, sans-serif][SIZE=-1]"Third quarter results show that our revenue continues to improve faster than the industry, and performance trends are encouraging," said John Tague, executive vice president -- marketing, sales and revenue. "However, they do not fully reflect United's potential and we see additional opportunities to improve revenue generation, as industry domestic capacity continues to decline, and our own international growth moderates."
United continues to be committed to enhancing the customer experience with industry-leading products, including United Economy Plus service, the introduction of explus premium service on 70-seat regional jets for United Express, and the success of United's p.s., premium transcontinental service between New York and Los Angeles or San Francisco. United also continues to transform and optimize all areas of revenue execution, including its business-to-business sales efforts, loyalty programs, revenue management and all areas of network optimization.
"These efforts clearly place us on a course to make United the leader in revenue performance," Tague said.
Mainline Operating Expenses
Mainline operating expense per available seat mile was up only 5 percent from the year-ago quarter, despite a 5 percent decrease in capacity and a 46 percent increase in mainline fuel price. Salaries and related costs were down 21 percent, or $270 million, primarily reflecting recent labor and management cost reductions and an 8 percent reduction in manpower.
Mainline fuel expense was $301 million higher than in the third quarter 2004. Fuel expense is now the company's single largest expense item, surpassing salaries and related expenses. Average mainline fuel price for the quarter was $1.90 per gallon (including taxes). Excluding fuel, mainline operating expenses per available seat mile decreased 5 percent.
The company had an effective tax rate of zero for all periods presented, which makes UAL's pre-tax loss the same as its net loss.
Cash
The company ended the quarter with an unrestricted cash balance of $1.7 billion, and a restricted cash balance of $954 million, for a total cash balance of $2.7 billion. The unrestricted cash balance increased by $35 million during the quarter.
Operations
In the most recent data available from the U.S. Department of Transportation, United was ranked Number 1 for the last 12 months in on-time performance and ranked second in the least mishandled baggage among the six major network carriers. In addition, employee productivity (available seat miles divided by employee equivalents) was up 2 percent for the quarter compared to the same period in 2004.
"United's employees continue to earn some of the highest customer satisfaction ratings in company history and are outpacing the industry in on-time performance," said Pete McDonald, United's chief operating officer. "We will focus on consistent delivery of quality service, as we continue to optimize our resources, shortening aircraft turn times and increasing facility utilization."
Fuel costs remain a concern for the industry as a whole, but because of United's self-supply strategy, the company has insulated itself from supply shocks resulting from problems along the supply chain. United experienced no fuel related supply or operational problems due to either hurricane Katrina or Rita.
Outlook

[/SIZE][/FONT]

 

[FlyBoeingJets]

United posted a 1.77B loss for the quarter. It's not listed in the original post, but they also took a 1.8B non cash aircraft restructuring charge which is apparently normal for a company about to exit CH11.

In reality, they had an operating profit for quarter... I believe it was 165 million.

I think everyone else (those still hurting) should be worried if UAL can break even, or make a small profit with the fuel prices today..

Read it all here, in the SEC filing:

http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0000100517-05-000053&nad=

And, Yes, worry is the rule in aviation. But I am glad money is starting to be made by UAL. I would like the bar to stop its downward movement.

 

[ChperpltII]

And, Yes, worry is the rule in aviation. But I am glad money is starting to be made by UAL. I would like the bar to stop its downward movement

You can say that again!

 

[WatchYourElbows]

Good Job UAL!!!!! Once they stop paying all the bk related costs and paying for all the lawyers, there will be LOTS of $$$ left over.

 

[Dennis Miller]

Good Job UAL!!!!! Once they stop paying all the bk related costs and paying for all the lawyers, there will be LOTS of $$$ left over.

Yea, I bet you will see none of it either. CHAOS is it?, at least the Mechanics at NWA had the balls to take a walk from that sh!t offer from the company, you guys just stood there and accepted it. Kind of like the lady at the beach who told Michael Jackson "could you roll over your in my sun".

 

[klhoard]

. . .<snip> . . Kind of like the lady at the beach who told Michael Jackson "could you roll over your in my sun".

.
.
.
Did you mean to say "son"???
.
.
.

 

[WatchYourElbows]

Yea, I bet you will see none of it either. CHAOS is it?, at least the Mechanics at NWA had the balls to take a walk from that sh!t offer from the company, you guys just stood there and accepted it.

Yes, and we all see how effective it was at NWA. Ever hear the saying, "pick your battles"? This wasn't the battle to choose. Sorry that we didn't go under for you.

WTG UAL!!!

 

[FutureTEDpilot]

Keep your BAD KARMA!

Why some people hate UAL so much is beyond me. Sorry we "didn't" hold the line for you, by the way who do you work for Dennis Miller?

Some of us plan to help rebuild UAL and the Pilot contract, we will talk in 2009 and see who the smart guy is ok?

--Peace out

 

[FutureTEDpilot]

[FONT=Arial,Helvetica,Geneva][SIZE=-1]UAL Loss Widens
Amid Costs Tied
To Restructuring
By ILAN BRAT
Staff Reporter of THE WALL STREET JOURNAL
November 1, 2005

United Airlines's parent, UAL Corp., reported a third-quarter net loss of $1.77 billion, its largest ever quarterly loss, as bankruptcy-related expenses offset its efforts to shift to more profitable routes, cut costs and emerge from Chapter 11 as a more nimble competitor.

The Chicago-based airline, the second-largest U.S. carrier by traffic after AMR Corp.'s American Airlines, said reorganization items reduced its bottom line by $1.84 billion, primarily from noncash expenses on the rejection of aircraft. UAL said it is common for a company to rack up losses associated with its reorganization as it approaches its exit from Chapter 11 of the U.S. Bankruptcy Code, and said it expects a large noncash gain after it emerges from bankruptcy protection, also stemming from accounting factors.

United, which filed for bankruptcy protection in December 2002, hopes to emerge in February as an efficient, competitive airline. In the latest quarter, United said, employee costs declined 21% from a year earlier, and its aircraft obligations fell 35%. However, fuel expenses rose 37% to $1.1 billion, meaning fuel has leapfrogged labor as its largest single expense.

United's results amount to $15.26 a share, compared with a net loss of $274 million, or $2.38 a share, in the year-earlier quarter, which included $115 million in reorganization items.

In the latest quarter, revenue climbed 8.1% to $4.66 billion from $4.31 billion a year earlier.

United has been cutting back on its domestic operations to put greater emphasis on international flights, which are less competitive and which allow airlines to charge higher fares. The company said mainline unit revenue, or the money brought in for each seat flown per mile, jumped 11% to 9.6 cents from 8.6 cents in last year's third quarter. In September alone, United's mainline unit revenue jumped 15% compared with September 2004.

The airline said it reduced the number of aircraft in its fleet by 10% compared with the year-earlier period. Seat capacity declined 5%, while the percentage of seats filled rose to 83.9% from 82.1%. The company expects its fourth-quarter mainline capacity to be down 3% from 2004's fourth quarter.

Glenn Tilton, UAL's chief executive officer, said that the improved results reflected cost controls. "The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity."

Write to Ilan Brat at [email protected] [/SIZE][/FONT]

 

[G4G5]

Awesome quarter?

United Airlines's parent, UAL Corp., reported a third-quarter net loss of $1.77 billion, its largest ever quarterly loss

United said, employee costs declined 21% from a year earlier.

The airline said it reduced the number of aircraft in its fleet by 10% compared with the year-earlier period.

 

[Metro752]

United posted a 1.77B loss for the quarter. It's not listed in the original post, but they also took a 1.8B non cash aircraft restructuring charge which is apparently normal for a company about to exit CH11.

In reality, they had an operating profit for quarter... I believe it was 165 million.

I think everyone else (those still hurting) should be worried if UAL can break even, or make a small profit with the fuel prices today..

everyone keeps skipping this information, and keeps posting,

OMGodzilla,

1.77
$B$I$L$L$I$O$N$

loss!!!
​

 

[koko nw]

Awesome quarter?

United Airline's parent, UAL Corp., reported a third-quarter net loss of $1.77 billion, its largest ever quarterly loss

United said, employee costs declined 21% from a year earlier.

The airline said it reduced the number of aircraft in its fleet by 10% compared with the year-earlier period.

"Reorganization items were primarily driven by $1.7 billion in non-cash aircraft rejection charges. It is common for the results of operations of companies progressing through Chapter 11 to be impacted by non-cash charges related to their reorganization, especially as restructuring work nears completion. Charges based on the claims of our creditors are recorded at the amount expected to be allowed by the court. However, as shown in our Plan of Reorganization, these claims are expected to be settled at exit for a minor fraction of the amount of the charges recorded. Looking forward, the company is expected to record a large gain at exit in 2006 when these claims are settled for less than the amounts originally recorded. It is important to note that this is a matter of accurate accounting, and that neither the aircraft rejection charges recorded at this time nor the gain expected to be recorded at exit in 2006 have any significant impact on the company's cash position."


Man you don't let up do you? UAL bashing has become an art form for you.

80% of your posts are anti-UAL, give yourself a break.

UAL has issues, no argument there. Were trying, day in day out we work in an environment where "almost" everybody is against us. From our "fellow" ALPA brethren petitioning there representatives against our PBGC loan request too competetors unwilling to raise ticket prices in the hopes of driving us out of business. Remember we lead or went along with almost all fare raises, and you know who, always tried to ca bash them, playing the who can bleed longest.......Well payback a B*tch isn't it.

Well where still here, trogging away.....

Thanks for your............. support?

 

[G4G5]

"Reorganization items were primarily driven by $1.7 billion in non-cash aircraft rejection charges. It is common for the results of operations of companies progressing through Chapter 11 to be impacted by non-cash charges related to their reorganization, especially as restructuring work nears completion. Charges based on the claims of our creditors are recorded at the amount expected to be allowed by the court. However, as shown in our Plan of Reorganization, these claims are expected to be settled at exit for a minor fraction of the amount of the charges recorded. Looking forward, the company is expected to record a large gain at exit in 2006 when these claims are settled for less than the amounts originally recorded. It is important to note that this is a matter of accurate accounting, and that neither the aircraft rejection charges recorded at this time nor the gain expected to be recorded at exit in 2006 have any significant impact on the company's cash position."


Man you don't let up do you? UAL bashing has become an art form for you.

80% of your posts are anti-UAL, give yourself a break.

UAL has issues, no argument there. Were trying, day in day out we work in an environment where "almost" everybody is against us. From our "fellow" ALPA brethren petitioning there representatives against our PBGC loan request too competetors unwilling to raise ticket prices in the hopes of driving us out of business. Remember we lead or went along with almost all fare raises, and you know who, always tried to ca bash them, playing the who can bleed longest.......Well payback a B*tch isn't it.

Well where still here, trogging away.....

Thanks for your............. support?

Maybe it's me but with the above report I just don't see how coming out of CH11 in Feb 2006 makes any sense?

If you look at the associated chart that goes along with the above WSJ article (either look in tomorrows paper or get an on line subscription) The loss graph is pretty ugly. The trend defiantly indicates a larger loss for next quarter.

The winter months are traditionally the worst and fuel costs traditionally run the highest. Yet some how coming out in 2/06 makes sense with a business plan that revolves around $50 oil?

I am not down on the UAL employees just the mgt team. Tilton has done very little to impress me, I feel for you folks but bad mgt is still bad mgt.

 

[jehtplane]

everyone keeps skipping this information, and keeps posting,

OMGodzilla,

1.77
$B$I$L$L$I$O$N$

loss!!!

​

That is what I am saying !!!!!!!!!!!!!!!!!!!!

 

[PCL_128]

Are you guys retarded? How many times does this have to be said: UNITED HAD A PAPER LOSS, NOT A NEGATIVE CASHFLOW PROBLEM!!!!!

Before exiting BK, there are always going to be paper charges to the balance sheet that don't bear any resemblance to actual cashflow. Without these paper charges to the balance sheet, UAL would have made a profit. Things are actually looking up at UAL. I'm surprised.

 

[koko nw]

G4G5 thank you, I believe our exclusivity rights might have something to do with the feb 06 get out of jail date, I honestly am not sure. The $50b predication is troublesome.

It was hard to attract "good" talent to a sinking Titanic, the line applications were a bit slim . Believe me there's no love lost between the employee's and Mr. Tilton....BUT he was handed a big plate of %&@* upon arriving. He has cut costs, yes on the back's of employees and and retiree's no doubt, but the non-labor costs have been drastically altered as well, remember the 1113C's and how long those took with our aircraft leasors? The fights with various city airport agencies and there fee's....ect.

I believe his primary purpose was to turn UAL back into a viable business entity....has he done it? Only time will tell.

By the way, I doubt he will be here much past Feb 06. Hopefully we'll get someone more engaged in running an airline vice turning it around.

cheers

 

[FlyUnited]

so funny!!!! LOL Too bad United is going to survive. Weird "MAJOR" board you have here. Seems to be a bunch of regional folks pretending to be "REAL" pilots.

 

[AA717driver]

Keep your BAD KARMA! Some of us plan to help rebuild UAL and the Pilot contract, we will talk in 2009 and see who the smart guy is ok?

--Peace out

You're kidding, right? You expect UAL to recover from a huge Ch.11 process owing the NYC bankers billions and not owning an asset that isn't totally encumbered virtually overnight? (5 years is "overnight" in this business.)

You need to go back and look at how damaging Ch. 11 is to companies and how long it takes to recover (for the very few that do) to even a decent financial position, let alone one that will provide for raises for employees.

If you have 20 years to go in your career AND UAL is stunningly successful upon emergence AND the airline business recovers, you might see a decent contract.

If history is any indicator, you will be lucky to not continue taking concessions right up to the next filing.

Good luck.TC

 

[FutureTEDpilot]

I have well over 20 years to go at UAL and why do you care?

 

[FlyUnited]

Another bright note buried in the lengthy press release: unit revenue for September 2005 increased a whopping 15% year over year. That's incredible revenue performance.

 

[G4G5]

It's really not that impressive. AMR proves that it can be done outside of CH11 too. Tilton needs ch11 to get his 15%.

http://cdn.news.aol.com/a/aUpdated: 01:17 PM EDT
AMR Corp 3Q Loss Narrows On Cost Cuts, High Travel Volume

[URL="http://servedby.advertising.com/site=0000695074/mnum=0000303313/genr=1/logs=0/mdtm=1129759920/bins=1/optn=1"]http://servedby.advertising.com/site=0000695074/mnum=0000303313/genr=1/logs=0/mdtm=1129759920/bins=1/optn=1[/URL][URL="http://ar.atwola.com/image/93179290/2103160281/aoladp"]http://ar.atwola.com/image/93179290/2103160281/aoladp[/URL]
FORT WORTH, Texas -(Dow Jones)- AMR Corp. (AMR), the parent of American Airlines, reported a narrower third-quarter loss despite higher fuel costs and travel disruptions from the hurricanes, as the company recorded higher volume and focused on cutting non-fuel expenses.
The company expects to post a "significant loss" in the fourth quarter at the current level of fuel prices.
The third-quarter loss narrowed to $153 million, or 93 cents a share, from $ 214 million, or $1.33 a share, a year earlier, AMR said in a press release Wednesday.
The latest loss included a charge for contract termination and a credit for the reversal of an insurance reserve. Without these items, AMR posted a loss of $95 million, or 58 cents a share, which is worse than a / First Call average estimate of a loss of 55 cents a share.
AMR, which recorded a quarterly profit for the second quarter, said it was unable to sustain profitability despite robust customer volumes because of its inability to pass on fuel-price increases to consumers. AMR said this underscores the need to accelerate its cost-cutting initiatives across the board.
AMR share recently traded 2.7% lower at $11.68.
(MORE TO FOLLOW) Dow Jones Newswires
10-19-051204ET
AMR's total operating revenue grew 15% in the third quarter to $5.49 billion from $4.76 billion a year earlier. Results were slightly ahead of Wall Street's estimate of $5.46 billion.
The company attributed the revenue increase to "record high load factors and significantly improved yields." The mainline load factor, or percentage of total seats filled, was 81.2%, an increase of 3.3 points from a year ago. Yield, which represents average fares, was up 8%.
Despite higher revenue, AMR said there is still a disconnect between the price of fuel and the price of air travel. To cover the increase in fuel costs over the past two years, AMR said it would have had to raise fares nearly $75 per roundtrip ticket. But the company's actual average fare increased by only $15 during this time period.
(MORE TO FOLLOW) Dow Jones Newswires
10-19-051215ET
AMR ended its third quarter with $3.9 billion in cash and short-term investments, including a restricted balance of $499 million.
The airline, which earlier this week said it will extend a fuel-price-driven reduction in its schedule through January, had previously predicted that hurricanes and fuel prices would have a significant impact on its third-quarter results.
In a separate release, American Airlines said it has made a $22 million contribution to its defined-benefits pension plans, bringing total contributions in 2005 to $310 million. This will be the company's last contribution to the plans for this year.
(MORE TO FOLLOW) Dow Jones Newswires
10-19-051228ET
AMR Corp. - Fort Worth, Texas 3rd Quar Sept. 30: 2005 2004 Revenue $5,485,000,000 $4,762,000,000 Net income a (153,000,000) b (214,000,000) Avg shrs (diluted) 164,000,000 161,000,000 Shr earns Net income a (.93) b (1.33) Figures in parentheses are losses.
a. Excluding special items, the loss would've been $95 million, or 58 cents a share.
b. Excluding special items, the loss would've been $232 million, or $1.44 a share.
(MORE TO FOLLOW) Dow Jones Newswires
10-19-051247ET

 

[AnimalTale]

so funny!!!! LOL Too bad United is going to survive. Weird "MAJOR" board you have here. Seems to be a bunch of regional folks pretending to be "REAL" pilots.

If u UAL makes it, Please come out humble and a little less cocky, PLEASE.

What is a REAL pilot? A 350 hour intern sitting right seat on a 767? Or a EEOC newhire who cant pass the FRASCA sim, but gets hired anyway?

Cya

 

[FutureTEDpilot]

If u UAL makes it, Please come out humble and a little less cocky, PLEASE.

What is a REAL pilot? A 350 hour intern sitting right seat on a 767? Or a EEOC newhire who cant pass the FRASCA sim, but gets hired anyway?

Cya

Hey Animal tail.

I hear ya. But to be honest my class in 99' we had NO EEOC hires all of us had 6000+ with several types. Most of the EEOC gang was hired in the 88-89 time frame, yes I know of a few exceptions but the same applies to AA and DAL as well now. Your best bet is to worry about yourself because we will never control it anyway.