Originally Posted by EWR73FO

Gee, now who could have seen this coming. Good will with your employees goes a long way with fixing most of what ails you. Morons!

United Continental: $206M in 2Q special charges - Yahoo! Finance


United Continental: $206M In 2Q Special Charges

United Continental posts $206M in 2Q special charges; June revenue grew less than expected

CHICAGO (AP) -- Putting United and Continental together as one airline is proving more expensive and messy than its executives had hoped.

The airline's parent company disclosed additional integration costs on Tuesday.

United Continental Holdings Inc. also said 1,300 flight attendants volunteered to retire early in exchange for a cash payment.

The company said it will have $206 million in special charges for the second quarter. That includes $137 million for integration costs such as combining computer systems, painting planes, and training workers. It paid out $76 million for severance and other benefits, and sold three planes for a gain of $7 million.

United also posted a smaller-than-expected increase in passenger revenue for June. Every month, airlines reconcile the tickets they expected to be used that month with the tickets that were actually used. United said the second-quarter adjustment was bigger than usual. As recently as July 10, the airline said it expected June per-seat passenger revenue to rise 5 to 6 percent. On Tuesday, it said that revenue measure rose just 3.5 percent in June and 3 percent for the full quarter.

"Today's accounting adjustment is disappointing as it is one in a decently long line of integration-related misses by UAL," UBS analyst Kevin Crissey wrote in a note. He cut his estimate for second-quarter earnings to $1.53 per share, down from $1.70.

Shares of the Chicago-based company fell 83 cents, or 3.9 percent, to $20.72 in morning trading amid a broader market decline.

Originally Posted by uaav8r

I don't know. Judging by the way management RAPED labor and then REWARDED themselves after 9/11 I'm not so sure it is out of line.

Originally Posted by tsquare

You're right. His is a close second to yours as far as being out of line.

But since you don't seem to grasp it, I'll help you out: While what has happened to this industry is awful, to compare it to rape is just plain stupid. To say that management wishes for a tragedy such as 9/11 is even more stupid.

Originally Posted by uaav8r

OK, Smarty pants. "What happened to the industry is awful". Is that better? But you know what?...Guys like Tilton, Smallszak, and Arpey have made out like bandits since 9/11 haven't they? The industry is and always has been cyclical with gains and losses on the part of labor. Not so much for airline management. It's pretty much been a steady GAIN for them. Let's face it, when the price of oil escalates, terrorists attack, or any other "force beyond the company's control", they (mgt) will take full advantage of the opportunity to cry for consessions. That is when they have leverage. Do you agree or am I still being "plain stupid"?