United Posts $2.1 Billion Dollar Loss for Q1
04-20-2020, 12:04 PM
#21
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Joined APC: May 2019
Posts: 116
I believe it limits total workforce reduction to 10% for the life of the loan which is 5 years but can be paid back early.
Last edited by SaturnV; 04-20-2020 at 12:16 PM.
04-20-2020, 12:13 PM
#22
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Joined APC: Jan 2008
Posts: 533
Well, there you have it. United will be out of business while your employer, JetBlue, is in great shape.
And I'm sure we can trust Steven Nickolas' analysis; he has an excellent CV:
And I'm sure we can trust Steven Nickolas' analysis; he has an excellent CV:
- 10+ years of experience working as a consultant to retail and institutional investors
- Freelance writer who contributes to a wide range of communications media
- His original writing style has garnered industry accolades with numerous awards
“IF the majors were to shrink by 30-50% (based on their different plans), can some of the other category airlines do the same and still survive. Hate to write this, but probably not.”
The article in response to Horrido shows relative financial health and said “draw you own conclusions”, again in response to Horrido’s post. Never pointed a finger at United whatsoever. Don’t wish I’ll will on any Airline, who knows what the industry will look like on back side of this crisis. Good luck to all.
04-20-2020, 12:40 PM
#23
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Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Completely unfair Andy. I didn’t say any of that, I posted a debt to equity chart in response to Horrido’s post/implication, to quote again -
“IF the majors were to shrink by 30-50% (based on their different plans), can some of the other category airlines do the same and still survive. Hate to write this, but probably not.”
The article in response to Horrido shows relative financial health and said “draw you own conclusions”, again in response to Horrido’s post. Never pointed a finger at United whatsoever. Don’t wish I’ll will on any Airline, who knows what the industry will look like on back side of this crisis. Good luck to all.
“IF the majors were to shrink by 30-50% (based on their different plans), can some of the other category airlines do the same and still survive. Hate to write this, but probably not.”
The article in response to Horrido shows relative financial health and said “draw you own conclusions”, again in response to Horrido’s post. Never pointed a finger at United whatsoever. Don’t wish I’ll will on any Airline, who knows what the industry will look like on back side of this crisis. Good luck to all.
All airlines are skrewed.. It's going to really come down to how each airline's management manages this situation.
04-20-2020, 01:32 PM
#26
Line Holder
Joined APC: Apr 2020
Posts: 75
04-20-2020, 02:19 PM
#28
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Joined APC: Aug 2008
Position: 787 Captain
Posts: 1,512
04-20-2020, 02:40 PM
#29
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Joined APC: Sep 2017
Posts: 149
I just looked at one route on June 15, Newark to San Fran. There are 14 nonstop flights that day for sale on United, at least 5 are on widebodys. Do you think we need more flights than that? What are you referring to by opening up more flying in June - it looks pretty open to me but maybe you mean something else?
That’s good I hope! Generally speaking what I meant-all reports are that the company has already slashed capacity deep into June. We gotta hope we are moving folks by then and they are coming back in heavy numbers. I think people rallying to get out of the quarantine mentality is also a good sign. Folks wanna get going. Let’s get them places!
04-20-2020, 02:56 PM
#30
Gets Weekends Off
Joined APC: Aug 2008
Position: 787 Captain
Posts: 1,512
That’s good I hope! Generally speaking what I meant-all reports are that the company has already slashed capacity deep into June. We gotta hope we are moving folks by then and they are coming back in heavy numbers. I think people rallying to get out of the quarantine mentality is also a good sign. Folks wanna get going. Let’s get them places!
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