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UAL has net profit of $52M for Aug

lowecur

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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

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

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.
 
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Dizel8

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

Mugs

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Dizel8 said:
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?
 

WhiteCloud

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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

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...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.
ADVERTISEMENT


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

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WhiteCloud said:
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?
 

WatchYourElbows

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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

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WatchYourElbows said:
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

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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

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... 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

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skykid said:
WhiteCloud from Dec 2004:



Wanna try for a new date or just keep it generic?
OK....I'm not Nostradamus...February 2006.
 

WatchYourElbows

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

WhiteCloud

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WatchYourElbows said:
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

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WhiteCloud said:
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.....
 
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