UAUA Q3 results/news/Mileage Plus/conference call discussion
#1
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Join Date: Apr 2005
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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
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
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.
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.
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.
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.
#2
Join Date: Aug 2007
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Might be the first time we've read why the $125MM was raised... in some part due to borrowing against planes.
#3
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#4
Join Date: Aug 2007
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#5
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#7
Join Date: Apr 2005
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Changes at WHQ - first sign of M+ spin off?
Looks like UA is making first steps towards selling M+ by assigning new FFP boss with task of " ... developing Mileage Plus into a standalone business ... ".
Also, customer experience and marketing will come under one umbrella with responsibility " ... for brand strategy, customer communications, merchandising, united.com, and the overall design of the customer experience ... ".
Full story: http://www.marketwatch.com/news/stor...E%7D&dist=hppr
Also, customer experience and marketing will come under one umbrella with responsibility " ... for brand strategy, customer communications, merchandising, united.com, and the overall design of the customer experience ... ".
Full story: http://www.marketwatch.com/news/stor...E%7D&dist=hppr
#8
Join Date: Jul 2006
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I am not sure if this is a good thing or a bad thing. I think it could be positive and it forces M+ to run itself as a true business. I know SPG is like that. Not sure if there are any examples of airline programs however, and I would imagine none quite as large. Though still, I'm not going to hold my breath until the changes occur.
#9
Join Date: Jul 2006
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Is there any estimate as to how much fuel UA hedged at now very high prices?
#10
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http://biz.yahoo.com/ap/080917/airlines_fuel.html?.v=3
United Airlines said on Wednesday it is on track to lose $544 million on fuel hedges this quarter. That included $72 million in realized losses and another $472 million in unrealized losses. Those positions forced United to put $400 million into restricted cash for the parties on the other side of its oil price bets.
#11
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FWIW, it already reported here: http://www.flyertalk.com/forum/showthread.php?t=879105
And IMhO, not too many companies have the capital (or access to capital) to pull the trigger on the deal. Furthermore, UA already has almost 3B in assets that they could still exploit (although I am sure M+ is figured into that number). Finally, a sale in todays market would not be for top potential dollar.
And IMhO, not too many companies have the capital (or access to capital) to pull the trigger on the deal. Furthermore, UA already has almost 3B in assets that they could still exploit (although I am sure M+ is figured into that number). Finally, a sale in todays market would not be for top potential dollar.
#12
Join Date: Sep 2005
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How would MP generate revenue as a stand alone company?
What would the business model be?
What would the business model be?
#13
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#14
Join Date: Sep 2003
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I have little faith of the current executive team to execute this in a way that brings value to the brand or to the customer.
#15
Join Date: Aug 2008
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Air Canada did this to Aeroplan years back and it seems to have worked out OK for them (and me).