Re: Re: Re: STFU
Clownpilot said:
Reading comprehension isn't your strong suit is it?
UAL didn't just make money when everyone else did.
They were BY FAR THE LARGEST PROFIT MAKER DURING THAT TIME.
They weren't the largest airline either. They were largest by one market share point over AA but were smaller in terms of number of planes and employees.
Their model worked well then and would work well again in an up economy.
It didn't adapt. Thank you for restating that after I said it in my original post.
You know why they failed? Because they felt that they could wait out the down cycle and take advantage of their VERY SUCCESSFUL MODEL AS THE ECONOMY SWUNG UP AGAIN.
Well, that didnt happen. The economy didn't come back fast enough and when 911 happened it was all over. 911 itself added years to the recovery. Years that they didn't have the cash to wait out.
I operate 2 businesses independent of each other. They both make money. I have lots of help to make them work.
And I have a decent financial adviser.
You sir, probably have trouble breathing.......unless you were smart enough to drill a hole in your belly button.
Yeah, I have trouble breathing, but I can add and subtract.
The columns are Gross Revenues, Operating Income and Net Income in order, all shown in millions, & net income as % of gross rev's:
UAL
2002 14,286 (2,837) (3,212) -
2001 16,138 (3,771) (2,145) -
2000 19,352 654 50 .25%
1999 18,027 1,391 1,235 6.8%
DAL
2002 13,305 (1,303) (1,272) -
2001 13,879 (1,602) (1,216) -
2000 16,741 1,637 928 5.5%
1999 14,883 1,318 1,196 8.0%
SWA
2002 5,521 417 240 4.3%
2001 4,924 631 511 10.3%
2000 4,628 1,021 625 13.5%
1999 3,954 781 474 11.8%
Ok, since you have no trouble breathing (I guess) maybe you can explain to me how your previous assertion is true (ie, that United made more money than anyone when times were good).
It looks for all the world to me like United made very little money in 2000 when Delta and Southwest did pretty well. You might also notice, since you happen to have no trouble whatsoever at breathing, that Southwest cleared $625MM on revs of $4,628MM when United only cleared $50MM on revs of $19,352MM.
It looks to me like United was sucking even when times were good.... but what do I know? I breath through my belly button. Hell, I even included the 1999 numbers just to be fair, and your claim still isn't convincing.
Sorry, pal. Looks Like I am the one who can read. It also looks like United didn't have their act together to start with.
Have a nice day.