Old Oct 20, 08, 3:00 pm
  #1  
jhayes_1780
 
Join Date: Apr 2005
Location: MBS/FNT/LAN
Programs: UA 1K, HH Gold, Mariott Gold
Posts: 9,203
UAUA Q3 results/news/Mileage Plus/conference call discussion

I will be monitoring UA's Q3 conf call in this thread on Tuesday... or you can listen here: http://ir.united.com/phoenix.zhtml?p...ventID=1997812

Also, some preliminary results here: http://biz.yahoo.com/ap/081020/ual_e...view.html?.v=2

United Airlines parent UAL Corp. expected to post 3Q loss


MINNEAPOLIS (AP) -- UAL Corp., the parent of United Airlines, is expected to post a loss when it reports third-quarter results on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: The airline industry saw some big ups and downs during the third quarter, and United Airlines parent UAL Corp. was no exception. The July-through-September quarter brought the highest oil prices ever -- over $147 per barrel on July 11 -- but oil retreated significantly by the end of September. And after Labor Day, airlines began shrinking their schedules more dramatically than usual for the slower fall travel season.

United has been raising cash. It said it got $60 million from borrowing against its planes on Sept. 30, the last day of the quarter, and expected to receive another $65 million on the same transaction by the middle of this month. It also said it had agreements in place to sell $140 million worth of other assets, with the money coming in by the end of the year. The carrier still has more than $3 billion in assets that it could borrow against if necessary.

BY THE NUMBERS: Analysts, on average, expect a third-quarter loss of $2.48 per share on revenue of $5.54 billion, according to a survey by Thomson Reuters.
Finally an announcement today about some new duties/title for Graham Atkinson and Dennis Cary: http://biz.yahoo.com/prnews/081020/aqm091.html?.v=56

United Airlines Names Dennis Cary Chief Marketing and Customer Officer; Appoints Graham Atkinson President of Mileage Plus

CHICAGO, Oct. 20 /PRNewswire-FirstCall/ the holding company whose primary subsidiary is United Airlines, today named Dennis Cary senior vice president and chief marketing and customer officer, and Graham Atkinson president of Mileage Plus, the company's loyalty program.
jhayes_1780 is offline