Posted on 05/01/2020 5:30:55 AM PDT by MeneMeneTekelUpharsin
United Airlines Holdings Inc. late Thursday surprised Wall Street with a narrower quarterly loss as it attempted to manage “the most disruptive global crisis in the history of aviation” due to the coronavirus pandemic. United UAL, -5.22% said it lost $1.7 billion, or $6.86 a share, in the first quarter, versus earnings of $292 million, or $1.09 a share, in the year-ago quarter. Adjusted for one-time items, United lost $639 million, or $2.57 a share.
Sales fell to $7.9 billion from $9.6 billion a year ago. Analysts polled by FactSet had expected United to report an adjusted loss of $2.85 a share on sales of $8.3 billion. Total liquidity as of Wednesday was about $9.6 billion, including $2 billion under its yet-untouched revolving credit facility, the company said. United said it expects a daily cash burn to average between $40 million and $45 million during the second quarter of 2020.
(Excerpt) Read more at marketwatch.com ...
Yes it will. This too shall pass. I'm posting all of this to document what these people had to say. Everyone trying to tank this economy has to pay for the lives they've ruined.
” Everyone trying to tank this economy has to pay for the lives they’ve ruined. “
The media and the politicians have scared people to death. They’ve driven some to the edge of insanity over this thing.
intentionally too. They want to pick the winners.
This is cancel culture large scale.
For one, the industry is already downsizing fleets. Some of these aircraft were going to be retired in a few years, but others are going to be scrapped. This is a massive blow to the industry, to flight attendants, and to pilot's careers.
The airlines will have to focus on routes and cities that actually make revenue. Smaller and less profitable cities and towns will see service plummet.
Many airline workers will be forced into early retirement, or huge pay cuts.
Aircraft are going to have go through extensive cleanings after each flight (at least in the near future), and this will delay full operations for as long it is required.
In an industry where passengers have already had to put up with massive dehumanization, screenings, and invasions of privacy, the flying experience has become even more hellish. JetBlu now requires all passengers wear masks. Others will follow their lead.
Spanish flu pandemic took two years. Then came the Roaring 20s. Hope it does not take us that long but once we get out of this, recovery will be quick.
Well its definitely the worst hysterical panic in history.
Indianapolis, for all its geographical breadth and international airport, has few direct flights out of the country. Delta was the only major airline that offered a direct flight from IND to CDG (Paris), a couple times per week. It was very convenient, and far better than having to go through Chicago or Atlanta.
Delta announced earlier this week, that they are cancelling this route (hopeful that it's just a temporary thing, but who knows?) I'm sure it's a sign of more things to come.
“I fear the industry will never be the same. “
It might end up being better ... seats further apart, food served and cleaned up afterwards by the plane personnel. Ticket prices will be higher meaning less air travel meaning less mixing of people.
>>They’ve driven some to the edge of insanity over this thing.<<
and some well beyond.
To obtain those things you mentioned, coupled with less volume of passengers actually flying, would make ticket prices soar into the stratosphere. I am not talking about a few percentage points, but a gargantuan increase in cost.
Again, I fear the industry will never be the same.
And I thought it was the Media Driven Hysteria and Mindless panicking of our Overlords acting out of fear and making Irrational Decisions based on false and faulty evidence that caused all the carnage we are now witnessing.
My God over this?!?!?!?!
Thank God the WWII generation and depression generation had a different attitude or we’d be speaking another language :)
I saw a million people walking around parks and streets in brooklyn just the other day.
In ground zero with strict laws in place.
People DONT CARE after a while and will accept deaths as part of the equation of LIFE
NO one life is NOT worth destroying an economy, neither is 1,000 or 10,000 or 100,000.
When we get to a million, get back to me
Flying was a “rich” folks mode of travel when I first flew back in the 50s.
It was, and it was like that through the mid-70s.
Somewhere in the late 80's / early 90s, the airlines went full Bus Terminal: people wearing pajamas, sandals, and a whole other host of crummy factors I don't even want to get into.
Spanish Flu 1918 to Roaring 20’s - thanks, good point
Re airlines - I am about done with my flying days anyway, they are a real pain, next time will be in a couple of years, both brothers are in the air weekly with their jobs or at least have been.
United is such a NASTY COMPANY I hope they DIE!
Can I suggest direct flights to Taiwan and other Asian countries?
Cut murderous China out of this.
This is just going to happen again.
No, tell us what you really think.
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