United Posts $2.1 Billion Dollar Loss for Q1
04-20-2020, 05:39 AM
#1
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United Posts $2.1 Billion Dollar Loss for Q1
Revenue was down only 17% in Q1. Scary numbers...
https://www.cnbc.com/2020/04/20/unit...deral-aid.html
https://www.cnbc.com/2020/04/20/unit...deral-aid.html
04-20-2020, 07:07 AM
#3
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Revenue was down only 17% in Q1. Scary numbers...
https://www.cnbc.com/2020/04/20/unit...deral-aid.html
https://www.cnbc.com/2020/04/20/unit...deral-aid.html
The industry will eventually be sorted out and not all the players will still be on the score board by the end of the year.
04-20-2020, 07:28 AM
#4
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Posts: 149
Have we hit bottom? Company doesn’t seem to think so.
Oil crash. Too bad we can’t lock in those hedges for 5+ years.
Why aren’t we opening up more flying for June? We have to get moving. Everyone has to get moving again, now. Get the flights back on the reservation boards. Pulse the market then cancel as needed.
Oil crash. Too bad we can’t lock in those hedges for 5+ years.
Why aren’t we opening up more flying for June? We have to get moving. Everyone has to get moving again, now. Get the flights back on the reservation boards. Pulse the market then cancel as needed.
04-20-2020, 07:49 AM
#6
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Lets say (far a minute) than things don't pick up by summer (which I don't believe.. I think flying will slowly come back in May, June, July..)
We have 4 major airlines in this country-
United
Delta
SouthWest
American
Then you have the large National Airlines
JetBlue
Hawaiian
Then you have the LCC's
Spirit
Allegiant
Frontier
Sun Country
IF things don't change for the positive (which I still believe they will.. at some point), there can be no doubt that our Nation and economy won't support all those airlines.
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.
At some point, our Government (Federal & Local) will come up with a plan to restart our economy. Gradually.. but it has to happen. Someone will make the tough call that even though opening up the economy will result in X amount of thousands of dead, dragging it out will result in Y amount of bankruptcies and unemployment.
We live in a Capitalist Society. And a self centered one too..
It will come down to that.
Motch
04-20-2020, 08:01 AM
#7
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Posts: 607
Have we hit bottom? Company doesn’t seem to think so.
Oil crash. Too bad we can’t lock in those hedges for 5+ years.
Why aren’t we opening up more flying for June? We have to get moving. Everyone has to get moving again, now. Get the flights back on the reservation boards. Pulse the market then cancel as needed.
Oil crash. Too bad we can’t lock in those hedges for 5+ years.
Why aren’t we opening up more flying for June? We have to get moving. Everyone has to get moving again, now. Get the flights back on the reservation boards. Pulse the market then cancel as needed.
04-20-2020, 08:07 AM
#8
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Position: 787
Posts: 469
United ASMs down (~2%) in Q1 '20 vs Q1 '19. This was driven by (~15%) ML capacity reduction in March. I'm sure all those losses / capacity reductions are weighted to the back half of March. Terrifying first glimpse of Q2+
Source is publicly available capacity information.
Source is publicly available capacity information.
04-20-2020, 08:40 AM
#9
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Position: 787
Posts: 3,202
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?
04-20-2020, 08:58 AM
#10
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Joined APC: Jan 2008
Posts: 533
^THIS^
Lets say (far a minute) than things don't pick up by summer (which I don't believe.. I think flying will slowly come back in May, June, July..)
We have 4 major airlines in this country-
United
Delta
SouthWest
American
Then you have the large National Airlines
JetBlue
Hawaiian
Then you have the LCC's
Spirit
Allegiant
Frontier
Sun Country
IF things don't change for the positive (which I still believe they will.. at some point), there can be no doubt that our Nation and economy won't support all those airlines.
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.
At some point, our Government (Federal & Local) will come up with a plan to restart our economy. Gradually.. but it has to happen. Someone will make the tough call that even though opening up the economy will result in X amount of thousands of dead, dragging it out will result in Y amount of bankruptcies and unemployment.
We live in a Capitalist Society. And a self centered one too..
It will come down to that.
Motch
Lets say (far a minute) than things don't pick up by summer (which I don't believe.. I think flying will slowly come back in May, June, July..)
We have 4 major airlines in this country-
United
Delta
SouthWest
American
Then you have the large National Airlines
JetBlue
Hawaiian
Then you have the LCC's
Spirit
Allegiant
Frontier
Sun Country
IF things don't change for the positive (which I still believe they will.. at some point), there can be no doubt that our Nation and economy won't support all those airlines.
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.
At some point, our Government (Federal & Local) will come up with a plan to restart our economy. Gradually.. but it has to happen. Someone will make the tough call that even though opening up the economy will result in X amount of thousands of dead, dragging it out will result in Y amount of bankruptcies and unemployment.
We live in a Capitalist Society. And a self centered one too..
It will come down to that.
Motch
debt to equity - draw your own conclusions
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