UAL, parent of United Air, stock down 41 percent
#166
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UAL shares were also up in pre-market trading today, climbing to $4.90 from the previous close of $4.15. UAL's said it has reached an agreement in principle with German development bank KfW to restructure about $500 million of debt due in November and December as the air carrier works to avoid a bankruptcy filing.
http://www.flyertalk.com/forum/Forum.../012144-2.html
And
http://www.flyertalk.com/forum/Forum50/HTML/015440.html
http://www.flyertalk.com/forum/Forum.../012144-2.html
And
http://www.flyertalk.com/forum/Forum50/HTML/015440.html
#167
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United Airlines' parent company was still riding a brisk tailwind Wednesday, the morning after the troubled carrier got some breathing room from its German bankers.
UAL was up over 7% to $4.45 in the early going, building on a nearly 30% rise on the previous session.
http://makeashorterlink.com/?U21653D52
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United Pilots' Master Executive Council Urges State Street Bank & Trust Company To Stop Selling and Begin Buying Back UAL's ESOP Company Stock
Paul Whiteford, Chairman of the United Master Executive Council (the "UAL-MEC"), the governing body within the Air Line Pilots Association, International, AFL-CIO, which represents the pilots of United Airlines sent a strongly worded letter to State Street Bank & Trust Company, Trustee of the United Airlines Corporation ESOP urging the Trustee to stop selling and begin buying back UAL shares sold in the last few weeks.
http://biz.yahoo.com/bw/021106/62312_1.html
[This message has been edited by doc (edited 11-06-2002).]
UAL was up over 7% to $4.45 in the early going, building on a nearly 30% rise on the previous session.
http://makeashorterlink.com/?U21653D52
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United Pilots' Master Executive Council Urges State Street Bank & Trust Company To Stop Selling and Begin Buying Back UAL's ESOP Company Stock
Paul Whiteford, Chairman of the United Master Executive Council (the "UAL-MEC"), the governing body within the Air Line Pilots Association, International, AFL-CIO, which represents the pilots of United Airlines sent a strongly worded letter to State Street Bank & Trust Company, Trustee of the United Airlines Corporation ESOP urging the Trustee to stop selling and begin buying back UAL shares sold in the last few weeks.
http://biz.yahoo.com/bw/021106/62312_1.html
[This message has been edited by doc (edited 11-06-2002).]
#168
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Location: CH-3823 Wengen Switzerland
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Posts: 27,041
Q: if a share drops by 99%, how many % must the same share rise to get back to it's original value?
A: 9'999%
A: 9'999%
#169
Join Date: Aug 2000
Location: Chicago, IL and Hong Kong - United 1K Since 2000
Posts: 4,344
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Rudi:
Q: if a share drops by 99%, how many % must the same share rise to get back to it's original value?
A: 9'999%</font>
Q: if a share drops by 99%, how many % must the same share rise to get back to it's original value?
A: 9'999%</font>
Those who bought at 30 in the good old days might have to sit on that for years.
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#170
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Join Date: May 2001
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Now the pilots are so confident that UAL will avoid bankruptcy that the want the sale of shares by the ESOP stopped, and want the trust to buy back the shares already sold.
Talk about selling low and buying high...
Talk about selling low and buying high...
#172
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Posts: 46,817
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by phoenixitc:
Lufthansa considers helping support UAL
http://biz.yahoo.com/ft/021106/1035873051446_2.html</font>
Lufthansa considers helping support UAL
http://biz.yahoo.com/ft/021106/1035873051446_2.html</font>
Yes!
Please also see:
http://www.flyertalk.com/forum/Forum50/HTML/015440.html
http://www.flyertalk.com/forum/Forum.../012144-2.html
http://www.flyertalk.com/forum/Forum50/HTML/014920.html
#173
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Join Date: May 1999
Posts: 46,817
...In a sharp U-turn from earlier comments, Jrgen Weber, chief executive, said: "I have not said that I would rule out payments.
http://biz.yahoo.com/ft/021107/1035873051446_4.html
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Down over one half point, at 3.9, in early trading today!
http://biz.yahoo.com/ft/021107/1035873051446_4.html
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Down over one half point, at 3.9, in early trading today!