UA Q4/Full Year 2019 Results/Conference Call 22 Jan 2020
Mar 10, 2020, 11:14 am
#46
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What this probably means is any new aircraft deliveries that have not been financed will be deferred. Guessing this refers to the 8 or so 787s planned for 2Q+ deliveries, along with any 737MAX the company anticipated delivering in 2020.
IAD PL capex is probably fully funded, so I doubt that'll be an issue. Any new lounges or other real estate projects are probably on hold.
Mar 10, 2020, 11:42 am
#48
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Or I heard it wrong. Here is another note on the call.
https://viewfromthewing.com/holy-smo...ready-down-70/
https://viewfromthewing.com/holy-smo...ready-down-70/
Mar 10, 2020, 11:46 am
#50
Join Date: Sep 2014
Posts: 2,531
Or I heard it wrong. Here is another note on the call.
https://viewfromthewing.com/holy-smo...ready-down-70/
https://viewfromthewing.com/holy-smo...ready-down-70/
- Net bookings to Asia and Europe (new bookings minus cancellations) are down 100%.
- Gross bookings – new bookings only – are down 70% in the Pacific (so some new tickets are selling)
- Gross bookings to Europe are down 50%
- Domestic net bookings are down 70%, and gross bookings down 25%
Mar 10, 2020, 1:50 pm
#52
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Mar 10, 2020, 2:06 pm
#53
Join Date: Dec 2011
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United Airlines Domestic Net Bookings Down 70%
Today United Airlines President Scott Kirby has revealed just how much demand has dropped in recent days:
Domestically net bookings are down about 70% (which is calculated as new bookings minus canceled bookings)
Domestically gross bookings are down about 25% (new bookings)
Net bookings to Asia and Europe are down 100% (again, calculated as new bookings minus canceled bookings)
Revenue is expecting to be down 70% in April, and also down significantly in subsequent months
Full coverage: https://onemileatatime.com/united-ai...kings-down-70/
Today United Airlines President Scott Kirby has revealed just how much demand has dropped in recent days:
Domestically net bookings are down about 70% (which is calculated as new bookings minus canceled bookings)
Domestically gross bookings are down about 25% (new bookings)
Net bookings to Asia and Europe are down 100% (again, calculated as new bookings minus canceled bookings)
Revenue is expecting to be down 70% in April, and also down significantly in subsequent months
Full coverage: https://onemileatatime.com/united-ai...kings-down-70/
Mar 10, 2020, 2:37 pm
#54
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Bookings Down 70%
For some reason I can’t capture the URL on my iPad, but CNBC just posted a story that UA has reported their bookings are down 70%.
“United Airlines’ US bookings plunge 70% as coronavirus spreads”
I thought they would be down by maybe half, but 70% ? To me anyway thats jarring and is far more than in the weeks after 9/11.
Mar 10, 2020, 2:51 pm
#55
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For some reason I can’t capture the URL on my iPad, but CNBC just posted a story that UA has reported their bookings are down 70%.
“United Airlines’ US bookings plunge 70% as coronavirus spreads”
I thought they would be down by maybe half, but 70% ? To me anyway thats jarring and is far more than in the weeks after 9/11.Airlines worldwide have never seen anything like this.
Each of them needs customer loyalty at such tough times. Maybe United will soon realize that?