My thoughts exactly. I think most on this board will never learn to read between the lines.
Lets see... a company in such bad shape (showing such a loss) but paid off $1.4 BILLION in debt and still has over $4 Billion in cash with and a positive cash flow... Doesn't add up to even the casual observer.
Then there is the internal politics. ALPA is in the midst of a gearing up the Strike Preparedness Committee, planning informational picketing against the company, and is negotiating for improvements in the contract which will cost the company money. This comes on the heals of an outrageous executive compensation package. What better way for this management team to defend their position than to show (through creative accounting and strategically timed charges to the balance sheet) how poor United can't even afford the greedy labor contracts it currently supports, let alone any costly improvements.
Come on people... Wake up to reality and learn to look at the big picture.