UAL Asks for Time for Reorganization Plan

[ultrarunner]

Total Cash:1.30B
Total Cash Per Share 11.19
Total Debt :17.24B
Total Debt/Equity :N/A
Current Ratio :0.606
Book Value Per Share :-63.457000

Burn baby...burn

 

[Mugs]

Hey Guppy Killer! You should name your E-170 ,Industry Killer, for the payrates you guys are getting on that thing. I wouldn't be to proud ,Junior.

Where are pay rates going to be headed if UAL finally does go down? Do all you guys think that things will go back to the way they were? Ticket prices would certainly go up with the capacity reduction, but that is likely to be temporary. Those E-170 rates just might become the going rates for a former UAL A-320 fleet as they zip around the country with new paint jobs and rock bottom internet fares. Undercutting will not stop with a UAL shutdown. It will only get worse with time. Remember, there will always be plenty of guys willing to fork over big bucks at Flight Safety, Riddle, etc. to graduate for a shot at doing your job for less. Couple that with plenty of unemployed pilots to baby sit them, and you have all the continued downward pressure you need.

 

[Devil Dawg]

I've said it before and I'll say it again United is the greatest airline that ever was and ever will be!! NUF said!!

 

[FlyBoeingJets]

Where are pay rates going to be headed if UAL finally does go down? Do all you guys think that things will go back to the way they were? Ticket prices would certainly go up with the capacity reduction, but that is likely to be temporary. Those E-170 rates just might become the going rates for a former UAL A-320 fleet as they zip around the country with new paint jobs and rock bottom internet fares. Undercutting will not stop with a UAL shutdown. It will only get worse with time. Remember, there will always be plenty of guys willing to fork over big bucks at Flight Safety, Riddle, etc. to graduate for a shot at doing your job for less. Couple that with plenty of unemployed pilots to baby sit them, and you have all the continued downward pressure you need.

Agreed. That would be the perfect time for Virgin USA to start operations.

 

[koko nw]

"Burn baby...burn"

Classy dude, real classy.

 

[Mugs]

Great place to be headquartered with a huge hub:

(From the Chicago Tribune)

While nearly all passenger airlines that fly into Illinois are posting multimillion-dollar losses, the state's coffers will take in millions of dollars more from carriers this year. Illinois will reap a sales tax windfall because the average price of jet fuel is about 60 percent higher than it was in April 2004. As the price of fuel increases, the amount of sales tax revenue also goes up. The state's tax on jet fuel, already the highest in the nation, could generate an additional $15 million or more in 2005 if oil prices remain at near-record levels, according to industry tax experts. "Illinois is the worst," said Jim Hultquist of the Airline Transportation Association, an industry trade group. "Because you've got the state sales tax, and then Chicago puts on another 5 cents per gallon. Chicago is the highest place, without any question, when it comes to jet fuel."

 

[Bobby Orr 4]

I've said it before and I'll say it again United is the greatest airline that ever was and ever will be!! NUF said!!

The Denver Post:

United Airlines parent UAL Corp. is expected to submit filings in bankruptcy court in Chicago today to cancel its labor contracts and terminate employee pension plans.

Yo Double D...if you think this is the greatest airline blah, blah, blah I would hate to see your definition of the worst (douchebag)!!
You must be a management moron.

 

[boeingdriver213]

Why don't they just let UAL and U merge so they can both sink or swim. That's what they want anyway.....

 

[doh]

Actually antitrust law has just such a clause. It allows mergers that would otherwise be rejected to take place if one or both entities would cease operations without the merger. Presumably, one of the two would have to come up with a viable business plan. That could be tough since neither one seems to be able to find its a$$ with both hands.