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UAL delays annual report!

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Dizel8

Douglas metal
Joined
Feb 27, 2003
Posts
2,817
I know it is mostly restructuring charges, writedowns etc, but 21B dollars is a big number:(

"By submitting the notice to the SEC, UAL will have up to 15 more days to file the annual report. The due date was March 16. UAL doesn't expect any material effect on its consolidated financial statements as a result of the delay. The company reported a loss of about $21.2 billion for the year ended Dec. 31, compared with a loss of $1.7 billion for 2004"
 
And then the accountants will make it up in a $20B profit in the first quarter. Just accounting shell games.
 
Like Andy said they had to take a large number of writeoffs just before exit. It is what the BK lawyers make the big money for. The numbers to watch are the 2Q and onward. The 2005 annual report is nothing of a major consequence due to the year in BK.

You Blew guys should probably look closely. Your turn is coming.
 
No, any airline can make money in 2Q and 3Q. The summer is the best season. This time next year will be the key quarter.

I'll take Neelman over Tilton any day of the week and twice on Sunday's
 
G4G5 said:
No, any airline can make money in 2Q and 3Q. The summer is the best season. This time next year will be the key quarter.

I'll take Neelman over Tilton any day of the week and twice on Sunday's

I guess that is the lesser of the two evils

Actually neither is worth a s***

Tilton brought UAL out of BK with "the meaner leaner United plan" and $3billion to throw around and is obviously hopeful of a merger or some consolidation to help save them

Neelman is somewhat of a renegade CEO that Herb and SWA saw this and showed him the door 6 months after he joined them from Morris Air..he was insistant on changeing the SWA culture back then and got the boot.pretty unproven thus far
 
Deacon said:
I guess that is the lesser of the two evils

Actually neither is worth a s***

Tilton brought UAL out of BK with "the meaner leaner United plan" and $3billion to throw around and is obviously hopeful of a merger or some consolidation to help save them

Neelman is somewhat of a renegade CEO that Herb and SWA saw this and showed him the door 6 months after he joined them from Morris Air..he was insistant on changeing the SWA culture back then and got the boot.pretty unproven thus far

You need to do a little research on Neelman. Herb made him sign a non con-compete clause for FIVE year. What does that tell you? So Neelmans only choice was to go to Canada. How did he do at West Jet? Then when the non-compete was over he started Jetblue.

Tilton was tossed out the door by the Chevron folks. He had less then a year as CEO under his belt when UAL hired him.
 
G4G5 said:
You need to do a little research on Neelman. Herb made him sign a non con-compete clause for FIVE year. What does that tell you? So Neelmans only choice was to go to Canada. How did he do at West Jet? Then when the non-compete was over he started Jetblue.

Tilton was tossed out the door by the Chevron folks. He had less then a year as CEO under his belt when UAL hired him.

I really don't care to do research on Neelman I just read what he says daily about JBLU as do you 'm sure......my statements come from guys that have been at SWA for years and know a little about that whole deal as well as what I read about him after SWA purchased Morris...and it wasn't very nice..

thats all from me..really could care less for either of those guys for different reasons
 
32LT10 said:
You Blew guys should probably look closely. Your turn is coming.


Just can't wait to get your jabs in at JetBlue no matter what the tread is, can you?? Why don't you try something different in your life and make an intelligent post for once. You might actually get someone to pay attention to what you say then.
 
32LT10 said:
Like Andy said they had to take a large number of writeoffs just before exit. It is what the BK lawyers make the big money for. The numbers to watch are the 2Q and onward. The 2005 annual report is nothing of a major consequence due to the year in BK.

You Blew guys should probably look closely. Your turn is coming.

Since you are in red does that mean we don't have to listen to your wanking???
 

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