UAL Liquidation?

[dispatchguy]

I would say that Tilton couldnt even run a whore house...

 

[Truckdriver]

First the bad news. The next airline that can't pay its bills will go straight to Ch. 7, as there will be no DIP financing available.

Don't forget about foreign airlines interests here. I'm sure that Lufthansa would pony up some cash for an equity stake in the company. UAL just disappearing is highly unlikely in my opinion.

Wouldn't it be funny if UAL said they needed to liquidate and then Lufthansa stepped in and provided enough cash for JetBlue to buy them. Maybe that is why they are parking all the 737's so they can have an all 319/320 narrowbody fleet. If CAL was in the mix you would think they would have parked the Airbus fleet.

 

[contrail67]

The thing is..United is not even considering liquidating they are in a good position for the future....this is just another thread..probably from another failed interview.

 

[Truckdriver]

The thing is..United is not even considering liquidating they are in a good position for the future....this is just another thread..probably from another failed interview.

?????

I would think even if we knew for a fact that UAL were not liquidating, those who failed an interview the last year would be feeling very lucky. Those who failed are still working at their old jobs while those who didn't are now selling nails at Home Depot.

 

[ualdriver]

Where in the world do you guys get this stuff?

 

[waveflyer]

contrail seems to be living in the past- where he had the most coveted job in aviation.

to my generation- UAL's just sad- part of a group of major airlines that has consistently sold out- albeit less than AMR, AAA, and DAL. But it is sad that you all haven't moved on and AWAY from UAL- if only our seniority system didn't prevent jumping off a sinking ship.

 

[greenlight]

follow this link to UAL's investor relations page and compare the 17 Dec memo and the 3rd quarter earnings report.

http://ir.united.com/phoenix.zhtml?c=83680&p=irol-IRHome

Cash declined $.9B to $2.0B. Somewhere else I read that the value of owned assets declined from $3.0B to $2.0B (can't find the reference). All of this in one quarter. Questions I would be asking are:

How much cash does it take to run United day to day? Somewhere I thought I read $1.5B but I don't know.

What are the next triggers for credit card hold backs? These triggered a great deal of the above losses when the cash dropped below $2.5B.

good luck

GL

 

[ACL65PILOT]

The only problem with a behemoth like UAUA going under is there are way to many banks, lending institutions et all attached to their teat. Point is, that too many people are making to much money bleeding them to death. Like before someone will give them money to keep this process alive.
Even in the credit crunch, companies like this are important. The other ones need UAUA to survive so that they can.
Not say it could not happen, but money rules.

 

[contrail67]

?????

I would think even if we knew for a fact that UAL were not liquidating, those who failed an interview the last year would be feeling very lucky. Those who failed are still working at their old jobs while those who didn't are now selling nails at Home Depot.

Yep...and in the end after all the retirements...I bet you don't want to see where that person will be that got furloughed. Probably don't want to talk about that. Some people look forward in their career...not just an arms length...it is all a risk.

 

[Minimaniac]

United and the airline indecency...i mean industry...need a bailout! Afterall, if the porn industry is eligible, why not he airlines? Not to mention, the porn industry cannot succeed without the airlines. Porn and the cockpit go together like peas and carrots...