UAL gets a 3rd Try @$1.1M

[Boeingman]

The WSJ is just as much as a collection of "dreamland speculations" by singletons and finacial dreamers than anywhere else. If I had a nickel for every darned crack "wallie" with a way off forcast and prediction I wouldn't need an A fund. The bottom line is that if UAL liquidates strategically, there are still a heck of a lot of vartiables out there that would equally support a future LCC powerhouse as a spiraling TWA clone.

Today the Wall Street Journal reported, "if the government ultimately turns UAL down a third time, the carrier will be forced to overhaul its business plan, cut its expenses further and hunt for a much larger, costlier financing package in the open market. The company isn't in any immediate danger of liquidation, having adequate cash. It also is flying into the busiest travel season of the year. But its unrestricted cash, which stood at nearly $1.9 billion on March 31, is expected to fall to under $800 million by year end, according to Jim Higgins, an analyst for Credit Suisse Equity Research. 'A comfortable level ... would be at least three times that amount,' he said in a research note," the newspaper reported.

So you're calling the people over at Credit Suisse a darned crack wallie", singleton and a financial dreamer?

Denial is not going to help your cause or company. Apparently, it still runs very deep over there.

 

[EAP]

So you're calling the people over at Credit Suisse a darned crack wallie", singleton and a financial dreamer?

Denial is not going to help your cause or company. Apparently, it still runs very deep over there.

Nice. Lots of ASSuming going on. UAL isn't mine, and I'm not in denial. I'm a realist. Things aren't as simple as "They need 3 times as much cash so in effect they will simply implode and be totally liquified as a result..." I never specifically referred to Credit Suisse, however, and while we are at it, they have their fair share of crack Wallies too. And yes, the ankle biters that are currently salavating at the chance of a lot of guys being out on the street will probably be on their 3rd LCC operated by Lorenzo by the time the swan song finally does play out for ol' Yonited.

 

[skykid]

I wouldn't get worked up about the WSJ article. There are far too many variables in play to predict a UAL cash balance at the end of the year, and since the Credit Suisse folks don't tell you what their assumptions are, it is really meaningless. I love the WSJ and read it online every morning. Are they biased against UAL and organized labor? Well, about 2 years ago they published an editorial titled KILL UNITED. You tell me.
The strategy in Ch11 has been to hold on to the route structure, which is UAL's best feature, while scaling down greatly domestically. UAL now has more international flights than before 9/11, and about 600 less domestic flights a day. I would expect mgt to try and wring more savings out of labor instead of selling assets and routes. This is going to be harder than last year when the Gulf war and the SARs nonsense helped motivate employees to give back.

 

[Boeingman]

Nice. Lots of ASSuming going on. UAL isn't mine, and I'm not in denial. I'm a realist. .

ASSuming? Wow, your 3 year old help you with that? Pretty easy to ASSume when you take such an undefendable and intransigent position. If it sounds like a Brain Surgeon it usually is a Brain Surgeon. My apologies Sir. Or actually, it should be my congradulations given their financials. A realist? LOL, OK whatever you say.

Things aren't as simple as "They need 3 times as much cash so in effect they will simply implode and be totally liquified as a result..." .

Hmmmm, I'm having trouble finding that statement made by the WSJ and the gentleman from Credit Suisse.

I never specifically referred to Credit Suisse, however, and while we are at it, they have their fair share of crack Wallies too...

You're right. You ASSumed it was just some reporter from the WSJ implying about a situation with no data to back it up. First off can you define "crack wallie". My 15 year old didn't have a clue as to it's meaning.

Well you better tell just about every financial institution on the planet your hypothesis about Credit Suisse. Especially since their data and reports are used by the very same lenders and financial institutions that will make or break UAL after their 3rd denial with the ATSB. You can't possibly be this simple can you?

And yes, the ankle biters that are currently salavating at the chance of a lot of guys being out on the street will probably be on their 3rd LCC operated by Lorenzo by the time the swan song finally does play out for ol' Yonited.

Lorenzo has been banned from the industry (Where have you been?). UAL's pay and benefits will be reduced to those at the LCC's. Many of the ankle bite are there because of UAL's attitudes towards others during their own financial misfortunes.

 

[EAP]

This is just too funny. I was tempted to quote the brain surgery tid bit, but wow, it's just all too perfect and "intransigent" in itself. LOL on the dogma anyhow.

Since you were so quick to use "crack wallie" in earlier posts in a way that looked like you knew what it meant, I ASSumed you were on the same sheet, but since your 15 year old wasn't able to decode, here goes with the enigma machine. Crack means hotshot, and Wallie is a term for another wall street expert, hence wall-ie.

Anyhow, to respect the forum a little I'm just going to accept that we don't necessarily agree, for various different reasons. We both have a right to an individual position. Grownups can disagree these days, ulike your FO's and kids.

 

[EAP]

..and now that, as expected, the 1.1B ATSB loan has been denied, we'll all be seeing what happens when the rubber meets the road....

 

[AirBoard]

Is that a tumble weed that just blew by.....

You can hear a pin drop on this thread now. 3rd application denied sure put a lid on this debate. NOW WHAT!