UAL has net profit of $52M for Aug

[lowecur]

Maybe Boyd is right. Not counting reorganization expenses, it looks like UAL had a net profit of $52M and an operating profit of $80M. Just think, this is without fuel hedges. Jetblue has fore warned of a 3rd Q loss. I guess once you jettison all the pensions, the global business model looks quite nice. I can see why Boyd is high on NWA after BK, and I don't see any reason DL can't adjust also(it's just some non-pension debts that they may not be able to rid themselves of that could hurt their business model). Personally, I'm beginning to believe that consolidation might be a thing of the past.

http://biz.yahoo.com/rb/050921/airlines_united_earns.html?.v=1

 

[BoilerUP]

So I guess Jetblue ordering all those E-Jets maybe wasn't the smartest idea, eh?

 

[Chuck Yogourt]

So what. All airlines would make a profit if they didn't have to pay their bills. This says nothing except it proves what a sorry state the airline industry is in. United doesn't deserve a dime. Just my opinion.

 

[Dizel8]

OMG, the end is near, UAL post another profit. Any predictions on the loss in the coming months?

 

[Mugs]

OMG, the end is near, UAL post another profit. Any predictions on the loss in the coming months?

We'll probably end up picking through your seat pockets for spare change. Can we borrow your rubber gloves?

 

[SUNDOWN]

. Can we borrow your rubber gloves?

Guess you'd have to, odds are your not gonna pay for them.

 

[WhiteCloud]

Maybe UAL can pay back some of the money they owed their many creditors and retired employees with all this money they're making.

 

[cumulus]

...SO IS IT A "REAL PROFIT" , or is it just another loss? Cook the books any way you want..

Reuters
UAL reports $30 mln net loss for August
Wednesday September 21, 3:43 pm ET


CHICAGO (Reuters) - UAL Corp. (OTC BB:UALAQ.OB - News), parent of bankrupt United Airlines, said on Wednesday its August net loss was $30 million, with $82 million in expenses related to its reorganization.
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Excluding reorganization expenses, the No. 2 U.S. carrier reported a net profit of $52 million. The company said it had an operating profit of $80 million, up $92 million from August 2004.

Chief Financial Officer Jake Brace said in a statement the reversal of the August 2004 operating loss was the result of the company's restructuring in bankruptcy. The carrier has been in Chapter 11 since December 2002.

"The work we have done significantly improves United's ability to compete with the best U.S. airlines," Brace said.

United ended August with a cash balance of $2.8 billion, which included $917 million in restricted cash.

Last week, United received court approval for its schedule to exit Chapter 11 next year. United has said it aims to leave bankruptcy by February 1.

 

[Mugs]

Maybe UAL can pay back some of the money they owed their many creditors and retired employees with all this money they're making.

Did you tell your customers how much you enjoyed the Airinc seminar?

 

[WhiteCloud]

Did you tell your customers how much you enjoyed the Airinc seminar?

Good try. UAL's still going down though.

 

[skykid]

WhiteCloud from Dec 2004:

Prediction- UAL liquidates in February 2005

Wanna try for a new date or just keep it generic?

 

[Doug Parker]

.


Was it RetarTED that helped make the profit ?



.

 

[WatchYourElbows]

I realize it is difficult for you UAL haters to handle that United IS coming out of bankruptcy, intact and still hanging on to their INCREDIBLE worldwide route structure. So I guess your companies will have to figure another way to keep from taking your well deserved paycuts too.

Profits! Nice

 

[aa73]

I realize it is difficult for you UAL haters to handle that United IS coming out of bankruptcy, intact and still hanging on to their INCREDIBLE worldwide route structure. So I guess your companies will have to figure another way to keep from taking your well deserved paycuts too.

Profits! Nice

Hate to break it to ya but UALs worldwide structure is pretty much limited to Asia... they basically pulled out of South America and have only a handful of Europe cities. It ain't what it used to be. Take a look at CAL's routes, they blow UAL away. Heck even bad ol' AA is catching up.

 

[WatchYourElbows]

Really? Then why is it still arguably the BEST ROUTE STRUCTURE IN THE WORLD? (not my words) I heard that UAL is adding another IAD/GRU at the end of October too.

Such anger issues.

 

[skykid]

... they basically pulled out of South America

The following flights were just announced last week as increases/new service for the Winter. Is this part of the basic pull out?

Washington Dulles and Sao Paulo, beginning Nov. 1

Chicago and Buenos Aires, beginning Dec. 15

Los Angeles and Sydney, beginning Dec. 15

In addition, United is adding several new "sun
markets" this winter, including Denver-Cozumel,
Mexico; Chicago O'Hare-Los Cabos, Mexico; and
Chicago-Liberia, Costa Rica (Guanacaste). Including
routes between Washington Dulles and Nassau,
Bahamas; Montego Bay, Jamaica; Punta Cana, Dominican
Republic; and St. Maarten, Netherlands Antilles.

 

[WhiteCloud]

WhiteCloud from Dec 2004:



Wanna try for a new date or just keep it generic?

OK....I'm not Nostradamus...February 2006.

 

[WatchYourElbows]

White Cloud you are mistaken. Not only is UAL not going to liquidate, they are going to dominate. Deal with it.

 

[WhiteCloud]

White Cloud you are mistaken. Not only is UAL not going to liquidate, they are going to dominate. Deal with it.

OK.....March 2006.

 

[Rez O. Lewshun]

Good try. UAL's still going down though.

I am afraid my fellow ex ACA/Indy pilot is still brianwashed from the Indy kool aid parties... It was Jonestown baby and the 'this is my first airline job' types were lapping up the juice...

UAL will survive...

Indy will fail.....

At Indy's Jonestown gig management would slam UAL by saying.... "if UAL would just pay their pax $20 to go away they'd make more money"..

I can only chuckle now when I look at Indy's LF and ticket prices....

Tom and Kerry.... a real class act... Airline men they are not.... Stockboys they are.....

 

[WhiteCloud]

I am afraid my fellow ex ACA/Indy pilot is still brianwashed from the Indy kool aid parties... It was Jonestown baby and the 'this is my first airline job' types were lapping up the juice...

I just don't like UAL.

 

[Rez O. Lewshun]

I just don't like UAL.

And why is that?

Why do you have to not like UAL?

 

[WhiteCloud]

And why is that?

Why do you have to not like UAL?

UAL has been a drag on the industry for the past several years. Languishing in bankruptcy year after year they have treated both the people they owe money to and their employees and retirees like dirt. I'd like to see them go out of business for these reasons. Clear?

 

[WatchYourElbows]

I'd prefer to keep my job. But thanks for the warm thoughts. Tell us how the unemployment line is, will ya?

 

[Rez O. Lewshun]

UAL has been a drag on the industry for the past several years. Languishing in bankruptcy year after year they have treated both the people they owe money to and their employees and retirees like dirt. I'd like to see them go out of business for these reasons. Clear?

Nope. Sounds personal. From your time as UAX pilot to the UAL Hate sessions in Brand Training and the FlyI Exp you have develpoed an unfounded hatred for a business that serves the dollar. Business is Business.

For your reasons cited above.. you should also have issue with the US bankruptcy system for keeping UAL alive.

Indy Air management treats thier employees like dirt too.....

My [cracked] crystal ball says that Indy is going to take a dirt nap. UAL will come thru. Once UAL is clear of BK it will renogotiate is UAX agreements.

Many Indy pilots were so pround to tell UAL to stick it. I recall one pilot talking about how high his peacock feathers (my words not his) were when he walked thru the new Indy terminal. I could only chuckle at the BS he was being feed as he asked for seconds.... Indy management never cared about the brand, they just needed to fill the trough with something....

Boys, it is all about the dollar...

More Indy pilots making statements like, "I don't care how bad we are doing, I'm just glad we told big bad UAL to pound sand"

Well, in 5 years AWAC may be (or maybe not) growing again with UAL doing fine. That could be ACA too, with most pilots employeed. Would you rather be flying UAX paint employeed or part of the Indy Air pilot seniority list chop shop?

Time will tell, but right now, the decision to dump UAL looks B-A-D.

 

[skykid]

You want to hate someone or a group or someones - hate the NY Yankees, or that sombich Bin Laden. Hoping for the downfall of others for some real or perceived personal gain is a bit pathetic. I don't wish anything but success for Independence Air.

 

[WatchYourElbows]

I think you have it backwards Sky. HE is wishing the destruction of UAL, not the other way around. We are just throwing it back at him.

 

[skykid]

Roger.

 

[Rez O. Lewshun]

You want to hate someone or a group or someones - hate the NY Yankees, I don't wish anything but success for Independence Air.

Now you have to get Nasty......

First how can you hate the NY Yankees for donating 1MM to Katrina victims? In addition, they have worked hard to lead the division finally, with thier up and downs all year.... Now how long they stay thier is another story....

As far as Indy.. I wish them success but pragmatism says otherwise. I call it like I see it... They have alot of problems to overcome, that is just the way it is...

 

[skykid]

I don't hate the Yankees for donating money. I hate them for just being the NY Yankees. I also hate the Dodgers, and all Ivy league football teams.