Sep 13, 2006
UAL Corporation Reports Second Quarter Net Income of $274 Million
Tuesday July 24, 8:00 am ET

CHICAGO, July 24 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, reported for the second quarter ended June 30, 2007 that it generated $274 million in net income on $5.2 billion in quarterly operating revenue, the highest in the company's history, and effective cost control. The company:

-- Reported net income of $274 million, an increase of $155 million or
130 percent over the second quarter of 2006. UAL's pre-tax income of
$465 million was an improvement of $349 million year-over-year.

-- Increased mainline passenger unit revenue by 5.2 percent and increased
consolidated passenger unit revenue by 4.7 percent from the second
quarter of 2006.

-- Continued its good cost performance, with second quarter mainline CASM,
excluding fuel and severance charges, down 0.5 percent from the second
quarter of 2006.

-- Set new records for operating and free cash flow with operating cash
flow of over $1 billion, an increase of 51 percent from the second
quarter of 2006. Free cash flow, defined as operating cash flow less
capital expenditures, increased by 55 percent to $956 million over the
same period.

-- Grew its cash and short-term investments balance by $895 million to
$5.1 billion at June 30, 2007, including $871 million of restricted

Great News!

Now let's start giving some of that profit back to the employees who made it happen with their sacrifice. Not just the management who raped us.

UA said it is investing in the core business. Well investing in it's employees (instead of paying out dividends to stock holders) would pay huge dividends in customer satisfaction and our long term success.

Wake Up Glen!!!
While I'm glad UA is doing well, I'm not so happy about the message it sends to the Wackos on Wacker:

"See, we can piss of the employees, come in dead last with US Air in customer satisfaction, and invest in the minimum amount of improvements, and even give ourselves huge payouts, and we STILL make money! Isn't this place great or what?"

-Just another member of the Vocal Minority.