United/Continental Holdings $577 Million 2nd Qtr Profit

[Furloughed80]

http://finance.yahoo.com/news/United-Continental-Holdings-prnews-192496285.html?x=0&.v=1

 

[Homer Jay]

Running out of places to hide profits, Jeffy? Time to pay up you cheap bas*ard.

 

[densoo]

Good thing C02 didn't have any snapbacks. Otherwise, the pilots might be enjoying this cycle of profits.

 

[BigMeat]

I hate some of our selfish pilots more than smisek. These idiots actually have fought to stay at the bottom for the last 20 years..

 

[screech]

Strong international earnings is a good thing. The 787's should be able to maintain dominance across the pond.

 

[Midge]

Well done UCAL! So when do all those "merger related expenses," show up?
Never mind, just in time for contract negotiations.

 

[Ex737Driver]

Second-Quarter Liquidity and Cash Flow

UAL ended the second quarter of 2011 with $8.6 billion in unrestricted cash, cash equivalents and short-term investments. During the second quarter, the company generated $753 million of operating cash flow and had gross capital expenditures of $178 million. The company made scheduled debt and net capital lease payments of $1.0 billion, including $570 million to repay UAL 4.5% convertible notes put to the company in June. Year-to-date, the company has made $1.8 billion of debt and capital lease payments, including $300 million of prepayments.


Still finding places to stash or get rid of money. Time for our $1.5B contract prepayment.

 

[pilotgolfer]

Second-Quarter Liquidity and Cash Flow

UAL ended the second quarter of 2011 with $8.6 billion in unrestricted cash, cash equivalents and short-term investments. During the second quarter, the company generated $753 million of operating cash flow and had gross capital expenditures of $178 million. The company made scheduled debt and net capital lease payments of $1.0 billion, including $570 million to repay UAL 4.5% convertible notes put to the company in June. Year-to-date, the company has made $1.8 billion of debt and capital lease payments, including $300 million of prepayments.


Still finding places to stash or get rid of money. Time for our $1.5B contract prepayment.

Any day now, they will announce a special one-time dividend of $1 Billion for the stockholders. All those execs paid in stock have to get paid somehow!!

 

[jonjuan]

Any day now, they will announce a special one-time dividend of $1 Billion for the stockholders. All those execs paid in stock have to get paid somehow!!

Don't forget the $1 Billion stock buy back. Just watch-it'll happen right at the end of this FY.