UAL Management speaks! UFB

[Sonny Crockett]

United......its time to CRY!


(10 years working at UAL and this place SUCKS)

 

[CaptJax]

UA Shares Slide

UAL shares slide on planned $200M stock sale
AP ONLINE
Posted: 2008-12-01 15:06:00

MINNEAPOLIS (AP) _ Shares of United Airlines parent UAL Corp. fell sharply on Monday as it disclosed plans for a $200 million stock sale.

The whole airline sector was down on recession news, with the Amex Airline Index falling 8.2 percent. But UAL was down 19 percent, falling $2.11 to $9.14 in afternoon trading. The shares have been volatile, trading between $16.59 and $7.53 over the past month alone.

The news of UAL's planned stock sale came after the company issued revenue guidance last week that disappointed some airline watchers.

The stock offering might have surprised some people because United's share price is so low, causing concerns about dilution of existing shares, said airline analyst Helane R. Becker at Jesup&Lamont Securities.

Also Monday, Credit Suisse analyst Daniel McKenzie lowered his price target on UAL to $13, down from $17. Because of UAL's weaker revenue prediction and losses on fuel hedges, McKenzie now expects United to lose $4.30 per share for the fourth quarter, rather than the $1.15 per share loss he expected previously. He left intact his 2009 earnings prediction of $1.85 per share.

As of Monday, analysts surveyed by Thomson Reuters were expecting a UAL fourth-quarter loss of $2.86 per share, on average, and a 2009 profit of $2.59 pershare.

 

[rumrunner300]

United......its time to CRY!


(10 years working at UAL and this place SUCKS)

You got the sticker I left you?? More in my v-file, tell your friends.

Peace out.

p.s. the wagon is still up for grabs!!

 

[contrail67]

UAL shares slide on planned $200M stock sale
AP ONLINE
Posted: 2008-12-01 15:06:00

MINNEAPOLIS (AP) _ Shares of United Airlines parent UAL Corp. fell sharply on Monday as it disclosed plans for a $200 million stock sale.

The whole airline sector was down on recession news, with the Amex Airline Index falling 8.2 percent. But UAL was down 19 percent, falling $2.11 to $9.14 in afternoon trading. The shares have been volatile, trading between $16.59 and $7.53 over the past month alone.

The news of UAL's planned stock sale came after the company issued revenue guidance last week that disappointed some airline watchers.

The stock offering might have surprised some people because United's share price is so low, causing concerns about dilution of existing shares, said airline analyst Helane R. Becker at Jesup&Lamont Securities.

Also Monday, Credit Suisse analyst Daniel McKenzie lowered his price target on UAL to $13, down from $17. Because of UAL's weaker revenue prediction and losses on fuel hedges, McKenzie now expects United to lose $4.30 per share for the fourth quarter, rather than the $1.15 per share loss he expected previously. He left intact his 2009 earnings prediction of $1.85 per share.

As of Monday, analysts surveyed by Thomson Reuters were expecting a UAL fourth-quarter loss of $2.86 per share, on average, and a 2009 profit of $2.59 pershare.

Building more cash for a reason.....
We have also taken a number of steps in the fourth quarter to further strengthen liquidity. We received 65 million dollars from an aircraft financing that closed in the third quarter. In addition, the agreement we announced last week with Chase (see November 25 story, Fourth Quarter 2008 Investor Update) will also help to strengthen our liquidity position, providing us with needed flexibility. We also anticipate completing a 150-million-dollar aircraft financing transaction.

HMMMMMMM.

 

[Jonny Sacko]

What's 150 mill get you? Is that down payment on 50 or 100 jets?? I honestly don't know, but am glad they will finally start ordering. I still think that Piss ant Tilton just wants to break her up. Maybe the parts aren't bringing enough for that loser. Someone pulled their head off the desk, wiped the slobber from their mouth and said, "lets buy something"??

I really wish UAL ALPA came out with a statement about the continued push for slavery mixed with crooked judges all equaling the death of Airlines, and management is enjoying the ride everyday.

 

[contrail67]

$150 million could be just a refinancing of current aircraft but it does not say refinancing....yes that could be a small percentage down payment on something....even hedges! They released more stock and will get $200 million for it. I really don't think they were just bored and did it.

I highly doubt that in the end, that UAL will have the 70 seat rj and the next size is the Airbus. Too much of a gap especially with the 100 seat jet market here....IE: EMB190.

Just a possibility of many. I still don't think UAL is going to be split up....

 

[bluefin]

UAL will have the EMB 190, but it will not be flown by UAL pilots. Why would tit-less order planes when he already crubbed the 40 airbus deal? Wait a minute when has anything that di(k head done made sense? If rumors are true, then the idea has already been passed around.

 

[contrail67]

UAL will have the EMB 190, but it will not be flown by UAL pilots. Why would tit-less order planes when he already crubbed the 40 airbus deal? Wait a minute when has anything that di(k head done made sense? If rumors are true, then the idea has already been passed around.

Then who is going to fly them?....I suppose you will say the regionals???...I don't think so.

 

[bluefin]

Then who is going to fly them?....I suppose you will say the regionals???...I don't think so.

It sure as hell ain't gonna be me, I am being shown the street again. I can't see the senior pilots saying no to the regionals flying them if it means a pay raise or better for them. It's all about getting the best deal for the pilot group right? Titless has raked this pilot group over the coals so many times, he'll get what he wants and it will come at the expense of other pilots(junior pilots)

 

[UAL-GSO]

It sure as hell ain't gonna be me, I am being shown the street again. I can't see the senior pilots saying no to the regionals flying them if it means a pay raise or better for them. It's all about getting the best deal for the pilot group right? Titless has raked this pilot group over the coals so many times, he'll get what he wants and it will come at the expense of other pilots(junior pilots)

I have to agree with you on this one - based on my furlough experience(s) at UAL. I'm not going to hold my breath waiting on this pilot group to fight for "junior" (8 1/2 years for me) pilot's jobs in the event there is yet another RJ expansion here. I hope I am wrong - I really do.