Earnings!
07-21-2020, 02:54 PM
#12
Gets Weekends Off
Joined APC: Jan 2008
Position: A320
Posts: 661
07-21-2020, 03:52 PM
#13
Banned
Joined APC: Feb 2011
Position: 756 Left Side
Posts: 1,629
07-21-2020, 04:46 PM
#14
Line Holder
Joined APC: Dec 2013
Posts: 36
How long can we hang?
If we have $18B in liquidity and our cash burn is 25M per day, any guesses on how long we can continue at this pace till a recovery comes about?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
07-21-2020, 05:29 PM
#15
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
If we have $18B in liquidity and our cash burn is 25M per day, any guesses on how long we can continue at this pace till a recovery comes about?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
As a guy who is near the bottom, but not WARNed yet, am I wrong in thinking optimistically that based on these numbers we might just be able to keep flying empty airplanes for a few more years and wait out a recovery without furloughing 4000 pilots?
UAL is not going away. But the airline will be staffed for whatever demand is forecast, unfortunately.
07-22-2020, 03:16 AM
#18
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
07-22-2020, 05:02 AM
#19
Orbis Non Sufficit
Joined APC: Oct 2015
Posts: 741
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
07-22-2020, 06:52 AM
#20
Gets Weekends Off
Joined APC: Feb 2012
Position: 787
Posts: 3,202
LOL! Nicely done, CousinEddie and f15andMD11. I was looking for another quote to join in but couldn't find one to compete.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
... on a more serious note, I just saw on CNBC that United's looking at 35% of normal revenue in Q3. I remember previous revenue forecasts to be around 60 or 70% in Q3. Something tells me a third furlough could be in my future ... so I've got that going for me, which is nice.
AUG sked will be 35-40% of normal and the schedule will remain consistent throughout the rest of 2020. So by default this falls sked will be about 60% just because of normal seasonal reductions. No one is going to be getting a second or third furlough.
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