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Old Dec 12, 2002 | 7:31 am
  #5  
ConnFlyer
 
Join Date: Jan 2001
Location: Washington, DC
Posts: 1,035
Here are the targets UAL must meet:

Timetable for United to become profitable

Date (2003) Target cash flow

Feb. 28 -$964 million

March 31 -$881 million

April 30 -$849 million

May 31 -$738 million

June 30 -$585 million

July 31 -$448 million

Aug. 31 -$219 million

Sept. 30 -$98 million

Oct. 31 +$46 million

Nov. 30 +$112 million

If UAL fails to meet any of these targets, they are in violation of the loan covenants and the banks can force them into CH 7. It will be a tough road ahead...good luck to all at UAL!
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