United narrows Q3 PRASM Guidance - analyst expects them to lead Q4 PRASM growth
Oct 10, 2014, 10:02 am
#46
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Interesting that they up the guidance like 2 weeks before presenting the actual numbers ...............
Let's see. Q3 earnings report should shed some more light on many of the issues discussed here.
Let's see. Q3 earnings report should shed some more light on many of the issues discussed here.
Oct 10, 2014, 10:38 am
#47
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It's like they don't know what's going on until they dismount the reel-to-reel tape from the SHARES machine and offload the data to start crunching it.
Oct 10, 2014, 11:03 am
#48
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I do agree - Predictability and 'knowing your business' are important to Wall Street.
Oct 10, 2014, 11:15 am
#49
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Once the numbers were final - the CFO probably said, wow - the numbers are much better than we expected, we should let the street know.
Oct 10, 2014, 12:36 pm
#50
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That isn't uncommon. UA is a huge corporation. The revenue is the easy part. How you deal with all the capital cost, expenses, depreciation, deferred revenue, takes a lot time.
Once the numbers were final - the CFO probably said, wow - the numbers are much better than we expected, we should let the street know.
Once the numbers were final - the CFO probably said, wow - the numbers are much better than we expected, we should let the street know.
{comments not contributing to the discussion removed}
Last edited by WineCountryUA; Oct 10, 2014 at 1:51 pm Reason: comments not contributing to the discussion removed
Oct 10, 2014, 1:16 pm
#51
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'Knowing your business' is a requirement to be a competent manager, with or without Wall Street.
Oct 10, 2014, 1:19 pm
#52
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Oct 10, 2014, 1:20 pm
#53
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And as gets underway some choose to refine it.
My guess is 4Q will be tough for anyone to read for UA or AA because of the Chicago ATC issues.
But nice to see 3Q delivering - the front line certainly feels in a better mood lately.
Rebooking to Delta on a recent Chicago ATC delay took a Club agent less than 2 minutes, and that was while handling guests checking in.
The country needs more than 3 strong airlines, and happy to see this continue.
Oct 10, 2014, 1:54 pm
#54
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Oct 10, 2014, 4:04 pm
#55
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Quote:
Originally Posted by channa
That's very concerning, and not the first time they've done it. Change guidance after the quarter is already over?
It's like they don't know what's going on until they dismount the reel-to-reel tape from the SHARES machine and offload the data to start crunching it.
With all the controls and regulations on disclosure, every company is deliberately vague about guidance vs the precision they see internally. The delay between end of quarter and reporting public results is when that truing up happens.
And as gets underway some choose to refine it.
My guess is 4Q will be tough for anyone to read for UA or AA because of the Chicago ATC issues.
But nice to see 3Q delivering - the front line certainly feels in a better mood lately.
Rebooking to Delta on a recent Chicago ATC delay took a Club agent less than 2 minutes, and that was while handling guests checking in.
The country needs more than 3 strong airlines, and happy to see this continue.
Originally Posted by channa
That's very concerning, and not the first time they've done it. Change guidance after the quarter is already over?
It's like they don't know what's going on until they dismount the reel-to-reel tape from the SHARES machine and offload the data to start crunching it.
With all the controls and regulations on disclosure, every company is deliberately vague about guidance vs the precision they see internally. The delay between end of quarter and reporting public results is when that truing up happens.
And as gets underway some choose to refine it.
My guess is 4Q will be tough for anyone to read for UA or AA because of the Chicago ATC issues.
But nice to see 3Q delivering - the front line certainly feels in a better mood lately.
Rebooking to Delta on a recent Chicago ATC delay took a Club agent less than 2 minutes, and that was while handling guests checking in.
The country needs more than 3 strong airlines, and happy to see this continue.
We had more strong carriers 10 years ago and they were all going into Chapter 11 bankruptcy. When all of the industry participants are showing sub 15% profit margins, that leads me to believe that there is plenty of competition. Having airlines that make reasonable profits and are healthy is superior to having a fragmented market where they all rotate in and out of bankruptcy every 15 years.
Oct 10, 2014, 9:37 pm
#56
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See my first reply above. What would be delusional is saying otherwise.
Oct 11, 2014, 6:25 am
#57
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http://phx.corporate-ir.net/phoenix....cle&ID=1950822
http://ir.delta.com/files/doc_financ...001_d91h87.pdf
[Moderator edit]
Guessing you've also missed all the talk about WN's struggles lately...definitely not an airline leading the way at the moment.
[Moderator edit]
Last edited by Ocn Vw 1K; Oct 11, 2014 at 8:51 am Reason: Moderator edit to de-personalize comments and comply with FT Rule 12.
Oct 11, 2014, 8:19 am
#58
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[Above links are] to 2Q14 results when the discussion is about momentum in 3Q14.
Although AA and Delta are not going to post bad earnings, their unit revenue growth momentum has slowed, or in the case of AA, disappeared, in 3Q while UAL's strengthened.
Although AA and Delta are not going to post bad earnings, their unit revenue growth momentum has slowed, or in the case of AA, disappeared, in 3Q while UAL's strengthened.
Last edited by Ocn Vw 1K; Oct 11, 2014 at 8:47 am Reason: Moderator edit to comply with FT Rule 12
Oct 11, 2014, 8:54 am
#59
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Moderator caution!
Especially in a discussion analyzing the precision of revenue performance quarter-by-quarter, there's absolutely no excuse for some of the recent personal attacks, which have been edited or deleted.
Unless some want a forced vacation from this site, I'd recommend debating the topic and not attacking or insulting members. Thanks, Ocn Vw 1K, Moderator.
Unless some want a forced vacation from this site, I'd recommend debating the topic and not attacking or insulting members. Thanks, Ocn Vw 1K, Moderator.
Oct 11, 2014, 9:07 am
#60
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Interesting that AA just came off a pair of record quarters, and DL continues its multi-year winning streak, yet UA is being pumped off of unofficial results, and the two industry leaders' performance is being downplayed.
Quite interesting.
Quite interesting.