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 8, 2014, 9:26 pm
#31
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Apr 8, 2014, 9:28 pm
#32
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Apr 8, 2014, 9:30 pm
#33
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Apr 8, 2014, 9:37 pm
#34
Join Date: Jan 2007
Posts: 1,621
In all fairness, on the second day of that strategy, AA's fuel lines at ORD froze, and their operation promptly melted down with tons connecting passengers in the airport. Whether or not UA was right in shifting passengers to other hubs on those days isn't for me to say, but it seems evident that it was not a baseless decision.
Apr 8, 2014, 9:40 pm
#35
Join Date: Jan 2005
Location: DEN
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Well, you say 'WE had some cxls due to freezing cold'.
You could be talking about WE, as in your company.
Or you could be talking about WE as in Chicago, or the Midwest.
Either way, please show me just how many cancellations you can attribute to cold at DEN. Sorry, just another excuse.
You could be talking about WE, as in your company.
Or you could be talking about WE as in Chicago, or the Midwest.
Either way, please show me just how many cancellations you can attribute to cold at DEN. Sorry, just another excuse.
Apr 8, 2014, 9:51 pm
#36
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The DOT data show that in January, DL canceled more flights than UA.
That's interesting. So much for UA having a disparate impact due to the weather.
That's interesting. So much for UA having a disparate impact due to the weather.
Apr 8, 2014, 9:52 pm
#37
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If anything, UA has quite an advantage vs. other airlines because of DEN. It's a modern, extremely efficiently laid out airport specifically built for bad weather, while all the others are legacy airports with all sorts of quirks in short runways, intersecting runways, etc.
UA trying to play the boo-hoo card because the weather somehow impacted them worse than other airlines is downright silly.
UA trying to play the boo-hoo card because the weather somehow impacted them worse than other airlines is downright silly.
Apr 8, 2014, 11:46 pm
#38
Join Date: Sep 2009
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I always found in business that when I lowered the quality of my product relative to the competition that my customers generally bought less of it and were not willing to pay as high a price for it. Of course the airline business might be different. After all Jeff is a genius. I'm sure he's got it figured out.
Apr 8, 2014, 11:53 pm
#39
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Apr 9, 2014, 12:05 am
#40
Join Date: Jul 2006
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Amusing to see all of you stock market experts on here...
UA's stock is still higher than Delta or American. I'm not saying UA is perfect but until UA's stock drops below the others (and they are gutting their programs too -- American is currently gutting their mileage program as seen today, etc etc.)...get over it.
Apr 9, 2014, 12:12 am
#42
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Do you have any concept of float? Or market cap? Or relative performance. OMG.
fwiw, UAL has the smallest market cap of the three legacies - only 58% of DAL's and 95% of AAL's.
Apr 9, 2014, 12:31 am
#43
Join Date: Jul 2006
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Yeah...my point is everyone is trying to measure every angle except the actual price of the stock. You'd never know what the price was based on all of the complaints on here. I know everyone has their pants in a bunch because UA doesnt worship 1K's like it used to but it's not going to change and certainly not based on what American or Delta plan on doing in the future.
Apr 9, 2014, 12:41 am
#44
Join Date: Feb 2006
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Amusing to see all of you stock market experts on here...
UA's stock is still higher than Delta or American. I'm not saying UA is perfect but until UA's stock drops below the others (and they are gutting their programs too -- American is currently gutting their mileage program as seen today, etc etc.)...get over it.
UA's stock is still higher than Delta or American. I'm not saying UA is perfect but until UA's stock drops below the others (and they are gutting their programs too -- American is currently gutting their mileage program as seen today, etc etc.)...get over it.
At the risk of further embarrassing yourself, I would suggest that you take a high school level economics class, in which you will be taught that you can't compare companies by their stock prices. Each company has different numbers of stocks outstanding. You compare companies by their market capitalization, also known as "value."Market Capitalization = stock price x shares outstanding
Here's a comparison of U.S.A.'s top four airlines (as of April 8, 2014):
Airline / Stock $ / Mkt Cap
DAL / $33.51 / $28.29B
AAL / $35.98 / $ 16.97B
LUV / $23.51 / $16.50B
UAL / $43.31 / $16.08B
By this measure, you can quote this "stock market expert": UA is the smallest of the Big Four airlines.
Apr 9, 2014, 12:45 am
#45
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Yeah...my point is everyone is trying to measure every angle except the actual price of the stock. You'd never know what the price was based on all of the complaints on here. I know everyone has their pants in a bunch because UA doesnt worship 1K's like it used to but it's not going to change and certainly not based on what American or Delta plan on doing in the future.
The market currently places a higher overall value on both DAL and AAL than UA (market cap calculated as shares outstanding times price per share). UA simply has fewer shares outstanding than either DAL or AAL, that's why each UAL share is priced higher.
Pretty sad when the market puts a higher value on a company that's just exiting bankruptcy and still has negative earnings (AAL).