Originally Posted by FrequentTPAC

I completely agree with you on NZ and AUS. Unfortunately, the bulk of UAL profit is derived from TPAC bulk sales on Y seats to China - the buyer is Apple and likes to tend to their manufacturing base there. Even if we discount manufacturing repatriation from China (and particularly so if the current administration stays in place in November), there will be no Y bulk business buys to China in the foreseeable future. In other words, UAL profitability engine is shot, at the same time when he alienated other F/Y flyers that walked to DAL for better service.
While I agree that Chapter 11 is probable but not likely, UAL will take much, much longer to recover than DAL. I believe that this is important indicator and have invested accordingly.