typhoonpilot
Daddy
- Joined
- Feb 24, 2002
- Posts
- 1,381
This is from today
UAL (OTC BB:UALAQ.OB - News), the bankrupt parent of United Airlines, reported a net loss of $137.3 million in April, according to a regulatory filing made Thursday. Based in Elk Grove Township, Ill., UAL (UALAQ: news, chart, profile) had an operating loss of $75 million, better than the $220 million loss in suffered the same month last year. But rising fuel prices defeated UAL's bid for a profitable month. United aims to exit Chapter 11 bankruptcy by the end of this summer, but that is likely to hinge on whether it secures a $1.6 billion federal loan guarantee from the Air Transportation Stabilization Board.
Still losing $2.5 million per day on operations. That can't be favorable for the decision process. I agree it probably won't be allowed to die before the election and maybe not ever as it fits into the category of " too big to fail ". Still, something has to change there because it can't keep going like it is.
Typhoonpilot
UAL (OTC BB:UALAQ.OB - News), the bankrupt parent of United Airlines, reported a net loss of $137.3 million in April, according to a regulatory filing made Thursday. Based in Elk Grove Township, Ill., UAL (UALAQ: news, chart, profile) had an operating loss of $75 million, better than the $220 million loss in suffered the same month last year. But rising fuel prices defeated UAL's bid for a profitable month. United aims to exit Chapter 11 bankruptcy by the end of this summer, but that is likely to hinge on whether it secures a $1.6 billion federal loan guarantee from the Air Transportation Stabilization Board.
Still losing $2.5 million per day on operations. That can't be favorable for the decision process. I agree it probably won't be allowed to die before the election and maybe not ever as it fits into the category of " too big to fail ". Still, something has to change there because it can't keep going like it is.
Typhoonpilot