UAL Profit WTF seriously love accounting rules

[glasspilot]

Thanks,

wow...11 year guy sitting FO reserve. Sure hope my kids avoid aviation.

so how many actual pilots is that to early '99?

 

[JimmyKool]

Whats scary is that with all of UAL's furlough's and capacity cuts resulting in a small profit Everybody else will be accelerating their cuts to catch up. Welcome to unemployment gents.

 

[ACL65PILOT]

Not necessarily. Fact is that many will take advantage of their cuts.

 

[NavinRJohnson]

Supposedly UAL's COO resigned from ATA prior to being fired for cooking the books. I can't substantiate that, but if true, that might explain their 'profits'.

Anyone know if that's true?

 

[lionflyer]

Maybe they're trying to make themselves look good for any possible buyers.

 

[Secret Squirrel]

Supposedly UAL's COO resigned from ATA prior to being fired for cooking the books. I can't substantiate that, but if true, that might explain their 'profits'.

Anyone know if that's true?

Resigning from a company will not get you out prosecution. Either the SEC (US prosecutor) or IRS will follow you to the ends of the earth for legitimate "cooking of books".

 

[jmreii]

Maybe they're trying to make themselves look good for any possible buyers.

Who would stupid enough to pull a deal like that off insteading waiting for them to fail and just pick whats left of the carcass.

 

[lionflyer]

Who would stupid enough to pull a deal like that off insteading waiting for them to fail and just pick whats left of the carcass.

Who knows. There are plenty of stupid investors out there.

 

[pilotgolfer]

Supposedly UAL's COO resigned from ATA prior to being fired for cooking the books. I can't substantiate that, but if true, that might explain their 'profits'.

Anyone know if that's true?

John Tague probably isn't smart enough to know how to cook the books. He was "stealing" money from the dedicated L-1011 Maintenance funds to prop up the money-losing scheduled service. He also entered into a deal with Boeing that paid ATA a million bucks cash for every shiny new airplane he took delivery of. The downside was that ATA was paying 2-3 times the market rate for a lease on the new airplanes.

Tague will definately burn in airline HELL.

 

[contrail67]

After Sept 2009 the most junior will be a late 1999 hire, we have another BIG furlough coming in October so I would say then the mist junior will be early 1999.

How BIG is that furlough going to be...I heard and read 225 or so. Do you have a different number?