UAL/CAL Merger Buzz Article......(Again)

[Ben Franklin]

Say what? I am gonna get a huge tub of popcorn and watch a combined UAL and CAL crumble, looking a lot like the USAir East/West debacle. I can't wait. How much debt does UAL have right now again? Hey Yuppy, are you a UAL pilot? You are really going to love that SLI process.

From Jumpilot:

How do CAL and UAL stack up? Following are some relevant numbers. Particularly alarming are the facts that: UAL burned through $1.239 billion in cash just to continue operating in 2008, UAL has net tangible assets of negative $5.117 billion, and UAL's average fleet age is 14.5 years:

• Market Cap 05 Jan 2010: CAL 2.85 B / UAL 2.32 B
• Total Liabilities: CAL 12.150 B / UAL 20.992 B
• Net Tangible Assets: CAL (- 348 M) / UAL (- 5.117 B)
• 2008 Operating Loss: CAL (- 314 M) / UAL (- 4.438 B)
• 2008 Net Cash Provided by (Used in) Operating Activity: CAL (324 M) / UAL (1.239 B)
• 2008 TRESM (Total Revenue per Equivalent Seat Mile) : CAL 17.52 / UAL 16.68
• Average Fleet Age: CAL 10.6 / UAL 14.5

All I can say is WOW.


Bye Bye--General Lee

DAL market cap (as of MAR 10 2010): $10,450,000,000 (cal + ual combined market cap for same date: $6,270,000,000)
DAL total liabilities: $43,290,000,000
DAL net tangible assets: ($14,371,000,000)
DAL 2008 operating loss: ($1,707,000,000)
DAL average airframe age: 15.4 years

Yeah... WOW... I hope you guys can make it beyond tomorrow at 10:15am with those numbers.

It's also worth mentioning that CAL and UAL, independently each collect roughly an average 5% more in revenue per ticket sold than Delta Airlines. (source: DOT)

WOW, is right.

Sincerely,

B. Franklin

 

[chppr5]

DAL market cap (as of MAR 10 2010): $10,450,000,000 (cal + ual combined market cap for same date: $6,270,000,000)
DAL total liabilities: $43,290,000,000
DAL net tangible assets: ($14,371,000,000)
DAL 2008 operating loss: ($1,707,000,000)
DAL average airframe age: 15.4 years

Yeah... WOW... I hope you guys can make it beyond tomorrow at 10:15am with those numbers.

It's also worth mentioning that CAL and UAL, independently each collect roughly an average 5% more in revenue per ticket sold than Delta Airlines. (source: DOT)

WOW, is right.

Sincerely,

B. Franklin

Now THAT'S funny s#*t right there!!!

 

[contrail67]

Say what? I am gonna get a huge tub of popcorn and watch a combined UAL and CAL crumble, looking a lot like the USAir East/West debacle. I can't wait. How much debt does UAL have right now again? Hey Yuppy, are you a UAL pilot? You are really going to love that SLI process.

From Jumpilot:

How do CAL and UAL stack up? Following are some relevant numbers. Particularly alarming are the facts that: UAL burned through $1.239 billion in cash just to continue operating in 2008, UAL has net tangible assets of negative $5.117 billion, and UAL's average fleet age is 14.5 years:

• Market Cap 05 Jan 2010: CAL 2.85 B / UAL 2.32 B
• Total Liabilities: CAL 12.150 B / UAL 20.992 B
• Net Tangible Assets: CAL (- 348 M) / UAL (- 5.117 B)
• 2008 Operating Loss: CAL (- 314 M) / UAL (- 4.438 B)
• 2008 Net Cash Provided by (Used in) Operating Activity: CAL (324 M) / UAL (1.239 B)
• 2008 TRESM (Total Revenue per Equivalent Seat Mile) : CAL 17.52 / UAL 16.68
• Average Fleet Age: CAL 10.6 / UAL 14.5

All I can say is WOW.


Bye Bye--General Lee

The General will probably be helping throw away all of those signs and advertising saying they are the largest airline in the world!

 

[contrail67]

Yeah, ok, sure, EWR is part of NYC.........yeah, ok, sure, foohgetaboutit! You can advertise that all you want, it doesn't make it true. And, at least those Nigerians (or parts of them) made it to a real NYC airport, whereas all of your flights to EWR are canncelled thanks to your CEO. But, whatever you do, don't let your planes fall apart and blow up another plane, like a Concorde. How much did that fiasco cost you and your insurance company? Riiiiiight.


Bye Bye--General Lee

At least they are not landing on the taxiway....or missing airports.

 

[IAHERJ]

At least they are not landing on the taxiway....or missing airports.

Ummmm, actually, we did that in 2006 or 2007, in EWR(across the river from NYC)....oops

 

[Shrek]

Scope relief at CAL, I sure hope not. This is one area where the CAL pilot group is somewhat unified. However, it will not be easy. Off the top of my head, Delta has 76 seat jets, and United has an unlimited number of 70 seat aircraft. Our management wants the same deal.

I remember sitting in the jump seat on Delta, pleading with the pilots, please, please don't give up on scope relief. I guess the bankruptcy was just too much pressure for your pilot group.

I recently read where SkyWest was planning on getting the C series aircraft. The economics just make too much sense, said the article. SkyWest wants this airplane really bad, guess they got a taste of the big RJ and want to go bigger. I would prefer to stay under this contract before I vote for any regional airline to fly 50 seat plus regional jets.

You are ABSOLUTELY right. Your scope section is your crown jewel of your contract - THAT will be retained in the joint contract - or in yours if there is no merger.....:beer:

Just look what MGT did to us after our scope "changes" during bankruptcy. You have the rare luxery of seeing your future if you relax your scope.

 

[PlaneDrvr]

At least they are not landing on the taxiway....or missing airports.

Well, i don't work for either carrier, and don't mean to interrupt you guys Rant fun...but, guess this is the appropriate time to say that everyone know what 'DELTA' stands for:


Don't Ever Land There Again

Hey, i know its an old joke, but still Funny. And, well, probably get the deltoids all spooled up, as they have NO sense of humor, if the joke is about their 'beloved delta' . . . oh well.

 

[Ex737Driver]

Well, i don't work for either carrier, and don't mean to interrupt you guys Rant fun...but, guess this is the appropriate time to say that everyone know what 'DELTA' stands for:


Don't Ever Land There Again

Hey, i know its an old joke, but still Funny. And, well, probably get the deltoids all spooled up, as they have NO sense of humor, if the joke is about their 'beloved delta' . . . oh well.

I thought it was Doesn't Ever Leave The Airport.

 

[eaglesview]

Your both wrong . it,s Don't Excpect Luggage To Arrive

 

[General Lee]

Probably about the same as a fuel tank farm in Dallas... but probably a little more than the approach lights in LGA (that's in NYC, btw).

Sincerely,

B. Franklin

Thanks for killing the Concorde. Yes, you guys did it. It sure was fun to watch, until your DC10 killed the whole program. Did DL's L1011 deal do that to the L10? Nope. Try to dispute that.


Bye Bye--General Lee