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.

SlickMachine

Hilarious. Customers are walking away.

skippy

Lets not forget our equity we will now get thanks to AA.
Keep delaying jeffy, it only gets more expensive. Mgmnt just hopes there is a terrorist attack in london. Sad but true

tsquare

That post is pretty out of line.

jaykris

ABSOLUTELY!

I commute atl/ord. We offer friggin RJ's all day while Delta offers real aircraft between the two busiest airports in the world......

I had to sit on the jumpseat, like every other day, Delta FULL FULL FULL,
out of OUR hub......these guys are a joke! BTW, we later cancelled our ONLY Airbus ord/atl that same day.....YUP we are doin a great job!

Jay

What

AMR runs RJ, US Airways runs RJ and most of the stuff is on code share with United.

ualheavy

Atl - Ewr

11 mainline Delta flights a day full in comparison to with 5 ualx rj's. No more premium pax out of ATL according to my red coat friend. They all went to Delta for better treatment and upgrades.

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.

EWR73FO

Why? Mgmt has been exploiting 9/11 for more than a decade now.

SoCalGuy

At Jeff's pace, that excuse ought to be "good" for another decade.

Game, Set, Match.