Apr 22, 2014, 3:19 pm
Last edit by: spin88
So that the numbers don't get lost, here are the current estimates, and 1Q 2013 numbers, and the actual results can be added in the next few days:
DAL – earnings released on 4/23
1Q 2013 results: .10/share - $85M profit
Current 1Q 2014 estimate: .29/share - $244M profit
1Q estimated revenue: $8.92B, 1Q 2013 revenue was $8.5B
Actual results:
- $281M net income, 33c/share. [Delta's pre-tax income, ex special items was $444M]
- PRASM up 3.5%, yield up 1.7%; domestic yield +5.3%
- ASM +1.7%
- CASM-Ex fuel, profit sharing and special items was + .3%
- Operating Revenue: 8.916B (+5%); Passenger Revenue 7.677B ( up 4.9%)
- $951 in operating cash flow and $390M in free cash, net debt $9.1M
- 2Q projections: Operating margin 14-16%, CASM + 0-2%.
http://ir.delta.com/news-and-events/...t/default.aspx
UAL – earnings released on 4/24
1Q 2013 results: (.98)/share - ($364M) loss
Current 1Q 2014 estimate: (1.35)/share - ($501M) loss
1Q estimated revenue $8.71B; 1Q 2013 revenue was $8.72B.
Actual results:
- ($489M) loss, ($1.33)/share loss ex-special charges
- ($609M) loss, ($1.66)/share GAAP [What the difference is will be interesting]
- PRASM down (2%)
- Yield down (2%)
- Total Revenue down (.3%) to 8.7B
- Passenger revenue down (2.3%) to 7.4B
- ancelary fees income up 7.6%
- CASM +1%
- mainline OT - 74.3%
- 2Q 2014 guidance: PRASM +1-3%.
http://ir.unitedcontinentalholdings....731&highlight=
AAL - earnings released on 4/24.
Current 1Q 2014 estimate: .48/share - $226M profit
1Q estimated revenue $10.02B
Actual results:
- .65/share, $480M profit GAAP
- .54/share, $408M profit excluding one-time items
- Revenue 10B (+5.6% on combined basis)
- yield +3.2% (to 17.03 c/mi)
- PRASM +2.9%
- ASM +2%
DAL – earnings released on 4/23
1Q 2013 results: .10/share - $85M profit
Current 1Q 2014 estimate: .29/share - $244M profit
1Q estimated revenue: $8.92B, 1Q 2013 revenue was $8.5B
Actual results:
- $281M net income, 33c/share. [Delta's pre-tax income, ex special items was $444M]
- PRASM up 3.5%, yield up 1.7%; domestic yield +5.3%
- ASM +1.7%
- CASM-Ex fuel, profit sharing and special items was + .3%
- Operating Revenue: 8.916B (+5%); Passenger Revenue 7.677B ( up 4.9%)
- $951 in operating cash flow and $390M in free cash, net debt $9.1M
- 2Q projections: Operating margin 14-16%, CASM + 0-2%.
http://ir.delta.com/news-and-events/...t/default.aspx
UAL – earnings released on 4/24
1Q 2013 results: (.98)/share - ($364M) loss
Current 1Q 2014 estimate: (1.35)/share - ($501M) loss
1Q estimated revenue $8.71B; 1Q 2013 revenue was $8.72B.
Actual results:
- ($489M) loss, ($1.33)/share loss ex-special charges
- ($609M) loss, ($1.66)/share GAAP [What the difference is will be interesting]
- PRASM down (2%)
- Yield down (2%)
- Total Revenue down (.3%) to 8.7B
- Passenger revenue down (2.3%) to 7.4B
- ancelary fees income up 7.6%
- CASM +1%
- mainline OT - 74.3%
- 2Q 2014 guidance: PRASM +1-3%.
http://ir.unitedcontinentalholdings....731&highlight=
AAL - earnings released on 4/24.
Current 1Q 2014 estimate: .48/share - $226M profit
1Q estimated revenue $10.02B
Actual results:
- .65/share, $480M profit GAAP
- .54/share, $408M profit excluding one-time items
- Revenue 10B (+5.6% on combined basis)
- yield +3.2% (to 17.03 c/mi)
- PRASM +2.9%
- ASM +2%
UAL (United Airlines) 1Q 2014 Results, Discussion, News, etc.
Apr 24, 2014, 12:06 pm
#391
Join Date: Oct 2009
Location: Austin, TX
Programs: AA LT Plat, UA 1k/1mm+, National EE, IC Plat, Bonvoy Gold
Posts: 2,605
Where is United going to find a qualified CEO who can:
1) Make the corporation attractive to investors
2) Develop and maintain a dedicated and enthusiastic work force
3) Keep and attract all types of customers who keep coming back
4) Invest in aircraft and infrastructure
5) Revitalize Mileage Plus, customer service
6) Revitalize and improve everything about the Airline
Certainly there is someone out there who is up to the challenge!
I sure hope so.
1) Make the corporation attractive to investors
2) Develop and maintain a dedicated and enthusiastic work force
3) Keep and attract all types of customers who keep coming back
4) Invest in aircraft and infrastructure
5) Revitalize Mileage Plus, customer service
6) Revitalize and improve everything about the Airline
Certainly there is someone out there who is up to the challenge!
I sure hope so.
Instead, they'll hire another pawn of the big banks who will say he'll turn it around, but won't change much at all.
Apr 24, 2014, 12:10 pm
#392
Join Date: Nov 2010
Location: DEN
Programs: 2012 Plat-2013 Plat-2014 Silver-2015 GM
Posts: 818
Now, regarding the call itself.... was it just too convenient that they ran out of time for the media/press questions? I seem to recall in the pmUA days Glenn, Pete & Kathryn took questions til no one had anymore (I even recall an individual investor hammering Glenn for a pet fee).
It's just not evident this group has any desire to be transparent, leading some to believe their real plans are reactionary versus being proactive.
Apr 24, 2014, 12:18 pm
#393
Join Date: Jun 2002
Location: Southern California, GVA, SIN, LHR, BRU, CDG
Programs: UA LT GS 4.12MM (4.08MM BIS), AA EXP 1.86MM ,DL DM 1.1MM, HH LT Diamond, SPG Platinum
Posts: 1,182
I wholeheartedly agree...but I doubt he would take the job. The last time I heard him speak (last year) he seemed very loyal to DL, even though the DL board essentially canned him!
Apr 24, 2014, 12:20 pm
#394
Join Date: Dec 2004
Location: BOS<>NYC<>BKK
Programs: UA 4.3MM LT-GS; AA1MM; Amtrak SE; MAR LT TITAN; PC Plat; HIL DIA; HYA GLOB
Posts: 4,392
Where is United going to find a qualified CEO who can:
1) Make the corporation attractive to investors
2) Develop and maintain a dedicated and enthusiastic work force
3) Keep and attract all types of customers who keep coming back
4) Invest in aircraft and infrastructure
5) Revitalize Mileage Plus, customer service
6) Revitalize and improve everything about the Airline
Certainly there is someone out there who is up to the challenge!
I sure hope so.
1) Make the corporation attractive to investors
2) Develop and maintain a dedicated and enthusiastic work force
3) Keep and attract all types of customers who keep coming back
4) Invest in aircraft and infrastructure
5) Revitalize Mileage Plus, customer service
6) Revitalize and improve everything about the Airline
Certainly there is someone out there who is up to the challenge!
I sure hope so.
Apr 24, 2014, 12:24 pm
#395
Join Date: Jun 2010
Location: DEN
Programs: UA 1K
Posts: 70
Alan Mulally will be retiring from Ford soon. Previously, he was President and CEO of Boeing Commercial Airplanes. He led engineering and design of the 777.
Apr 24, 2014, 12:28 pm
#396
Join Date: Jun 2010
Location: DEN
Programs: UA 1K
Posts: 70
Here's another great headline from Barrons: "Airlines Flying High–Save For ‘Troublesome’ United Continental".
Apr 24, 2014, 12:29 pm
#397
Join Date: Jan 2011
Location: DFW...at the moment
Programs: AA EXP, SPG Plat, Hyatt Diamond, HH gold
Posts: 609
That was my thought exactly. Mulally is the second most admired CEO in the United States. The biggest culture change he implemented at Ford was to get everyone working together instead of for their own parochial interests. And. . . he banned Blackberries from meetings!
Apr 24, 2014, 12:32 pm
#398
Join Date: Dec 2009
Location: New York, NY
Programs: Hyatt GLOB, Marriott Lifetime PLT, UA 1K 1MM.
Posts: 1,728
One issue ... is the competitive pressure the carrier is experiencing in the Asia Pacific market, where Chinese carriers such as Hainan Airlines, Air China and others, are eating into United's market share in the region.
United said it is doing a couple of things to deal with the competition. It has begun to focus on adding service to secondary markets in China, such as Chengdu...
Also United said it is dropping most of the nonstop flights it operated from Tokyo to other markets in Asia and funneling connecting passengers on to partner airlines in the Star Alliance, such as ANA. The change has freed up aircraft to put into service on more profitable routes.
United said it is doing a couple of things to deal with the competition. It has begun to focus on adding service to secondary markets in China, such as Chengdu...
Also United said it is dropping most of the nonstop flights it operated from Tokyo to other markets in Asia and funneling connecting passengers on to partner airlines in the Star Alliance, such as ANA. The change has freed up aircraft to put into service on more profitable routes.
Apr 24, 2014, 12:33 pm
#399
Join Date: Mar 2011
Location: NYC LAX RDU
Programs: US-Plt;Concierge key; American AAirpass; Delta Silver;Starwood - Platinum; Amex Cent
Posts: 710
I'm curious how badly US ending their relationship with UAL will affect revenue in Q2. I gave UAL probably $30-$40K a year in intl C to asia from 2011-2013 and now give that business to AA&JL. I know Alaska gains a few hundred million from Delta & AA - I would think UAL was getting at least that much from US fliers.
Apr 24, 2014, 12:37 pm
#400
Join Date: Nov 2010
Location: DEN
Programs: 2012 Plat-2013 Plat-2014 Silver-2015 GM
Posts: 818
He makes $8.54M at F. So that would be about twice Smi/J. But that doesn't matter if he feels he can turn this around. He went to F from Boeing AND he comes from a Union environment. Both of those things are good enough for me. It's worth a phone call.
Apr 24, 2014, 12:47 pm
#401
Join Date: Nov 2010
Location: DEN
Programs: 2012 Plat-2013 Plat-2014 Silver-2015 GM
Posts: 818
Apr 24, 2014, 12:53 pm
#402
Join Date: Apr 2006
Location: ASE
Programs: UA 1MM, AA1MM PLTPRO, Hertz PC, National EXC, Hyatt Explorist, Hilton/Marriott Gold, IHG Platinum
Posts: 3,357
Unless Parker really makes a mess of it at AA , I can't see me and others ever coming back. The AA experience has just been night and day. And it goes far deeper than just the product/experience. There is a reason so many former UA flyers still watch these boards , and it is because we have hardened hearts and take glee in the outcome. When you spent decades being loyal to an airline , and you feel that airline kicked you in gut and told lie after lie after lie to what it thought were good customers, that's a headwind that just making the product comparable again is not likely to easily overcome.
Apr 24, 2014, 1:01 pm
#403
Join Date: Dec 2005
Location: Japan
Posts: 5,577
As I read in the Tribune article : "...the competitive pressure the carrier is experiencing in the Asia Pacific market, where Chinese carriers such as Hainan Airlines, Air China and others, are eating into United's market share in the region."
If UA is losing market share to Chinese carriers and unable to compete with better quality service and hard product, then just wait until the Gulf carriers refine their offers over the T/A and cause another area UA will retreat from and swing business to their partners ("to free up equipment to service more profitable routes" ). The writing is on the wall that eventually UA will become an exclusive domestic RJ only airline.
UA should realize that the constant whining and blaming weather and competition isn't going to help. It's not always outside interference, it's problems caused by yourself as well. Regroup and work hard to become a world class carrier. Or at least try.
If UA is losing market share to Chinese carriers and unable to compete with better quality service and hard product, then just wait until the Gulf carriers refine their offers over the T/A and cause another area UA will retreat from and swing business to their partners ("to free up equipment to service more profitable routes" ). The writing is on the wall that eventually UA will become an exclusive domestic RJ only airline.
UA should realize that the constant whining and blaming weather and competition isn't going to help. It's not always outside interference, it's problems caused by yourself as well. Regroup and work hard to become a world class carrier. Or at least try.
Last edited by Exleftseat; Apr 24, 2014 at 2:37 pm
Apr 24, 2014, 1:09 pm
#404
FlyerTalk Evangelist
Join Date: Jul 1999
Location: ORD/MDW
Programs: BA/AA/AS/B6/WN/ UA/HH/MR and more like 'em but most felicitously & importantly MUCCI
Posts: 19,719
If UA (and admittedly other US carriers) took the energy they spend whingeing about "unfair" initiatives from overseas competitors, such as AUH pre-clearance, and spent it trying to improve itself, they and all of us would be in much better shape.
Apr 24, 2014, 1:11 pm
#405
Join Date: Dec 2008
Location: IAD,MOW
Programs: PMUA
Posts: 247
you are not alone, these numbers are awful, if I was Smisek, I would just resign and admit that he made a mistake. RJ's and q400 won't take airline far