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Old 09-05-2013, 02:47 PM
  #1  
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Default The Fat Lady has....

It's over...let's work together and quit the bickering now. We all have issues with the list but it is what it is.

Good luck to us all. Let's hope that our management can actually run a profitable company.
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Old 09-05-2013, 03:23 PM
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Originally Posted by UalHvy
Let's hope that our management can actually run a profitable company.
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....

So we must be profitable already.
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Old 09-05-2013, 05:51 PM
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Originally Posted by LAX Pilot
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....

So we must be profitable already.

Will they pay the dividends out in tranches?
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Old 09-05-2013, 06:38 PM
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Originally Posted by LAX Pilot
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....

So we must be profitable already.
In the interest of accuracy, at the time of the merger UAL had $5.480 billion in long term debt financed at fixed interest rates of 6.64% to 12%.

CAL had a bit more at $5.609 billion but lower average interest rates of 4.75% to 9.25%.

I'm hoping they paid off the 9.25% and 12% first regardless of whose debt it was.
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Old 09-05-2013, 06:55 PM
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Originally Posted by Toddnel
In the interest of accuracy, at the time of the merger UAL had $5.480 billion in long term debt financed at fixed interest rates of 6.64% to 12%.

CAL had a bit more at $5.609 billion but lower average interest rates of 4.75% to 9.25%.

I'm hoping they paid off the 9.25% and 12% first regardless of whose debt it was.
CAL was a much smaller airline and UALs Assets were far greater, so the debt was larger even more as a percentage of assets.
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Old 09-05-2013, 07:08 PM
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Originally Posted by LAX Pilot
CAL was a much smaller airline and UALs Assets were far greater, so the debt was larger even more as a percentage of assets.
Sorry again the correct asset figures at the time of the merger were as follows:

UAL: $19.628
CAL: $20.379

Not saying we were any better I'm just a stickler for facts. Everything is available through the SEC filings.
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Old 09-06-2013, 07:31 PM
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Originally Posted by LAX Pilot
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....

So we must be profitable already.
La,

Can you just think about your hostile posts before you try to pick fights with you non-factual statements. We have spent 750 million converting the United fleets to be up to standard and still have several hundred millions to go (think direct TV and better cabins) to make the fleet better. It will go over a billion. You had money because Tilton didn't invest in the product for years which is why we are parking the 752s. If he had tried to keep up with others he would have burned through the cash. (read the arbitrators findings to confirm this).

There was no paying off CAL debt. You still had financing at 17% that we capitalized on and got less that 8% on.
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Old 09-06-2013, 07:56 PM
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LAX and Jsled are the two biggest tools we have here at the new United.
You guys won, and fairly at that. Saw your guys merger video yesterday. Jeff really knew how the system worked, and he kicked the ****** out of Jim "I got this" Brucia.
But to continue with this "get in line" business just shows what a true unit these two are.
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Old 09-06-2013, 08:04 PM
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Let ALL move on.

We need to be together for the next fight. In the meantime to uphold OUR contract. Give nothing back to the company.
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Old 09-06-2013, 08:32 PM
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Spot on Hotpot, spot on.
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