Us Airways And United Airlines News

[767jetz]

Here is some new information:

United today released it's October results. To recap, UA has $2.5 BILLION in cash, had a $7 MILLION per day operating PROFIT, industry leading improvement YOY, and met it's DIP requirements for the 9th month in a row. UA also expects to meet it's DIP requirements for November.

This solid result shows UA's continued progress, and is a far cry from the speculation of some. It is becoming apparent that UA is not hanging it's future on any of it's Star partners, and is positioning itself to emerge a successful and profitable airline in 2004.

IMHO Tilton's consistant and methodical approach is paying off.

 

[robbedagain]

why is it that UAL is making money to pay off their debt in bk but U cant even make a darn penny?

 

[Cosmo]

Need to make a small correction, Jetz. United's operating profit for October was $60 million, or about $2 million per day. The number you were referring to was United's positive cash flow of $7 million per day, before the $63 million retro payment to the mechanics. Even after that retro payment, United had a postive cash flow of nearly $5 million daily. In addition, United met the October EBITDAR requirements of its DIP lenders, and said that it expects to meet the November EBITDAR requirements as well.

Here's United's press release detailing the October results.

 

[AOG-N-IT]

why is it that UAL is making money to pay off their debt in bk but U cant even make a darn penny?

Maybe it's because UA has a leadership group with a vision and a fleet that is being utilized instead of being parked out of arrogance and stupidity. :angry:

U's latest diatribe on possibly cancellng flights in the first quarter of 2004 due to Airbus parkings does not brighten our future at all....we are not doing as UA is doing. They move forward...we run backwards !!!

However , it's way more fun for some to level jabs at UA instead of speaking out on what's really killing our own ability to make a buck. :down: :rant:

 

[767jetz]

Need to make a small correction, Jetz. United's operating profit for October was $60 million, or about $2 million per day. The number you were referring to was United's positive cash flow of $7 million per day, before the $63 million retro payment to the mechanics. Even after that retro payment, United had a postive cash flow of nearly $5 million daily. In addition, United met the October EBITDAR requirements of its DIP lenders, and said that it expects to meet the November EBITDAR requirements as well.

Here's United's press release detailing the October results.

My bad. Thanks, I stand corrected.