United Revenues Increasing

[novaqt]

767Jetz:

I agree. Funny how anyone who reads the complete articles that Chip quotes and analyzes out of context does not come away with the same negative opinions.

BTW have you checked out www.chipsplace.com? I wonder what his Time Management stats are at US? 😉

 

[767jetz]

Chip,

For the last time... You claim secret high level sources. Everyone else claims it is OPINION and SPECULATION. Let's face it. So far none of your predictions have come true, so why should anyone believe that you have high level sources? At least not accurate high level sources.

And even IF you did have access to information that the rest of the world does not, you certainly have ABSOLUTELY NO information from any high level sources inside United Airlines. So let's assume for a moment that USAir management sees fit to let you in on their discussions. All you are really doing then is regurgitating someone else's OPINIONS and SPECULATIONS. Because the management of USAir, American, Nothwest, Continental, etc., have no idea what's going on inside the board meetings at UA.

All they are doing is coming up with POSSIBLE scenarios and making plans for contingencies, as the well should. Everyone in the world would love to get their hands on UA's assets because they are the envy of the industry. OBVIOUSLY airline management salivates at the idea, and says "hey, IF UA sells this stuff, lets see how we can get our share!" Just because it's being discussed at high levels, doesn't give any credibility to your possition that it's likely. It's more like wishful thinking on the part of you and your high level sources.




As for my fears... thank you so much for caring. Really. But I have not lost a moment of sleep yet, because as I said before, I believe there will be no SIGNIFICANT asset sale. UA will be successful not by selling off the cash cow (as Pan Am and TWA did) but by careful restructuring and building on it's strengths. UA is already significantly smaller. I don't see it shrinking much more. I do see it being in a position to grow domestically and internationally once again, when the market allows. I am very bullish on UA, and I am not alone. I do have fears that US may see another trip throught the courts next year. And this does concern me since it could affect the revenue UA gets through our codeshare agreement.

Just because Pan Am sold off the Pacific, and TWA sold off LHR, it doesn't follow that UA must do the same. If anything, we have learned from the mistakes of others. Tell me, why didn't US have to sell assets in order to emerge from BK? You see, selling assets is not a prerequisite for emerging from BK. Again, it is wishful thinking by ALL of our competitors, not just US. They are planning for it JUST IN CASE. They'd be stupid not to. But they'd also be stupid to not have other plans too.





Finally, let go of the "sophist" thing. You can't keep using that as your excuse for posting here. That was a long time ago. It's past. No one has brought it up in a while. Take a few deep breaths buddy! You know, you point the finger alot, but there are those of us who privately discuss that you are a bit too emotional and possibly even obsessed.

I have a psychologist friend who tells me that constantly predicting bad outcomes for others and bring other people down with constant negativity, is a classic and sure sign of insecurity. So maybe it is you my friend who is insecure and afraid that your predictions WON'T come true. Maybe you fear that if this wishful thinking doesn't come to pass, USAir will never grow beyond a regional airline, which would affect your career progression. Maybe you have plenty of things to fear yourself, and hide from them with wild predictions and accusations. In the psychology world it's called "redirecting," a common defense mechanism.

Now, how about we stop the armchair psycho-analysis?

jetz

 

[cybercat]

Hooray! My miles are saved.

 

[Kyle]

First of all, I have absolutely no idea what you are talking about. There has been very little moderating of the UAL boards. To critique us and say that certain things offend the "sensitive owners" is totally off base. What do you mean? Where have we ever became involved other then enforcing the rules and policies of this site?

This forum as with the others, are meant to talk about all issues of that named forum.

Since your post has nothing to do with this topic, please continue this discussion with me via Private Message.

Thank you.

 

[Borescope]

I predict July's earnings will be double than above because of record loads in July.

You are most likely right, but with ticket give aways and low low fares, the yeilds will surly be down. Load factors are great, but if we give the tickets away or don't charge enough to cover the costs, we're just putting on a show and no more.

 

[ual747mech]

Borescope,

Relax there Chip Jr. Sure, we're giving free tickets but that's all part of marketing to lure customers to our airline. Once they get a taste how things are better these days at our airline then they will buy more. That's no different than the mileage plus promotion, a free ride. Don't worry I will post the July earnings result as soon as it's available.

Take care.

 

[Busdrvr]

Chip,
I told you a couple weeks ago UAL would have a revenue surprise, and they did. For Q3 yield, expect UAL to be somewhere in the middle of the pack, overtaking SWA, CAL, NWA, and possibly AMR. When adjusted for stage length, that's phenominal. The reports are that UAL will have an around 10% YOY INCREASE in yield, vs a substantial DECLINE in Q2. As for U's yield, part of that's due to U having only around 40% LCC overlap. That will likely remain the long term overlap, but only because U usually just abandones amarket instead of trying to compete. UAL's overlap is approx 72%. Where do YOU think the LCC's will attack next? A LCC saturated market, or one with only 40% LCC coverage (and very high yields). What's you CASM? UAL's 3Q operating PROFIT will top 200 mil. The net will depend largely on lease termination expenses,and other BK "costs".
You mentioned U assests moving west, I agree, the desert is in the west. Our exit financing has NOTHING to do with U, and multiple options are being considered. As usual, you'll find out by reading "USAToday". BTW, you are right, there will be some "transfer of flying" between U and UAL, but now it looks like it will be to UAL's LCC in the carribean.

 

[767jetz]

Chip,
I told you a couple weeks ago UAL would have a revenue surprise, and they did.

I think you should brag about being the first to predict that! 😀 😀 😀

Then you should gloat about being right!

 

[USA320Pilot]

Time will tell how this will all turn out, but UA has some serious unsolved issues and it's clear when they are pointed out UA employees take offense. Why? Many employees are trapped by a seniority based system with no where to go and it's easier to "shoot the messenger" than adjust to reality.

That's life in the airline industry for union seniority based employees with no other skill or desire to make a similar type of living.

Regardless, I stand by my comments and we'll see what occurs. But, if everything was o.k. at UA than why does the airline not have a POR, disclosure statement, exit financing, equity plan sponsor, and a loan guarantee, as well as about a $7.0 billion pension shortfall?

Finally, in regard to US obtaining UA assets, will it occur? I do not know...has it been discussed within the executive suites at CCY and WHQ? Absolutely and in fact David Bronner, the US chairman of the board, has speculated in three independent interviews "UA has a 50-50 chance of surviving" that if UA were to sell assets, he would consider backing the purchase of some "if it would be beneficial to US Airways."

767jetz, Busdrvr, & others, did David Bronner make the comments above and does he have the ability to acquire UA assets if he desires, especially since RSA owns UA EETC's?

Best regards,

Chip

 

[767jetz]

Here we go again...

Chip says: "Time will tell how this will all turn out"

767jetz responds: Finally, we agree on something!



Chip says: "...employees with no other skill or desire to make a similar type of living."

767jetz responds: That's a pretty arrogant and condescending statement! But comments like this from you don't suprise me. Then you ask why people respond with emotion to you. You could certainly stand a few lessons in human behavior.



Chip says: "...why does the airline not have a POR, disclosure statement, exit financing, equity plan sponsor, and a loan guarantee...?"

767jetz responds: You continue to A$$ume that just because you don't know about it, it must not exist. Again this is proof of your self righteousness and arrogance. Why can't you consider the FACT that there are things going on, that you and your high level sources simply don't have knowledge of? Would such an admission challenge the "false self" that you project, or maybe contribute to your own feelings of insecurity? I find YOUR denials, and YOUR emotional obsession with UA very interesting.

Don't worry Chip. When UA is good and ready to let the outside world know about our plan, you will hear about it just like everyone else.




Chip says:"...David Bronner, the US chairman of the board, has speculated in three independent interviews..."

767jetz responds: Finally an admission by Chip that it is indeed SPECULATION. Thank you very much.



Chip says: "he would consider backing the purchase of some "if it would be beneficial to US Airways."

767jetz responds: Well... duh!!? Of course he would consider it, just like every other airline out there. One small detail though... You can not buy what is not for sale!



Chip says:"...did David Bronner make the comments above and does he have the ability to acquire UA assets if he desires...?"

767jetz responds: No one ever denied that he made comments. I don't even question his ability to do it, financially speaking. But as previously stated, you can not buy what is not for sale.

I still don't get the point. Why do you keep pointing out the obvious? We all know what was said. Do you feel that repeating it over and over and over again will bring it to reality? People can say wahtever they want. Especially in public forums and news interviews. You yourself have pointed out that things said by UA management could be 'putting a happy face' on things for the public. Don't you think that people in high places often make public statements for general consumption?

Just because something is said doesn't make it a fact. Case in point... You do it all the time.




767jetz concludes:
I know that it's difficult working for an airline that is still in danger of shrinking into oblivion. I understand your frustration, and that of your co-workers, with the working conditions and moral at USAir, and the fact that your management team cannot be trusted. But please don't shoot the messenger.

I am just concerned with the serious challenges facing USAir because of their codeshare ties with UA. I know you don't like the possibility of your airline possibly ending up like TWA or PanAm or Eastern, because you are trapped by your union's seniority based system, with no where to go but the bottom of someone else's list. But that is the way this airline industry is. No company has ever successfull shrunk to profitability. Will US have another trip through Chapter 11? Will US have to sell assets to remain a viable entity? I don't know. Only time will tell. As I have said before, I hope this doesn't happen. I believe in the long run US will survive, but in a different form than it is today. For example, maybe US is waiting for the outcome of UA's emergence from BK to see if UA will be intersted in buying assets in PIT when US retreats from that hub.

I think we will have a much better idea how this will all unfold by the end of this year. IMO Chip may very well be suprised and disappointed by the final result. Either way, I beieve both companies will survive, and that UA will be in a position of great strength and advantage when we emerge in the spring. I still find Chip's emotional responses and single-minded focus interesting, and even at time disturbing. Thankfully for everyone, there is usually no more than 1 or 2 % like him at every company.

Best regards to all,

Jetz

 

[Busdrvr]

in fact David Bronner, the US chairman of the board, has speculated in three independent interviews "UA has a 50-50 chance of surviving" that if UA were to sell assets, he would consider backing the purchase of some "if it would be beneficial to US Airways."

767jetz, Busdrvr, & others, did David Bronner make the comments above and does he have the ability to acquire UA assets if he desires, especially since RSA owns UA EETC's?

Best regards,

Chip

David Bronner's past investments
1. Now worthless U F100 leases
2. Highest bidder (in other words, biggest sucker) for the "priviledge" of backing a perinial money loser U in BK. Terminated YOUR pension to protect the pension of Alabama hicks. If he was such a financial genius, he wouldn't be running the pension of a third world state.

Real credible dude on the financial situation at UAL. But didn't YOU say you thought UAL would survive Chip? So even you, a lowly airline pilot, think you know more about UAL than Bronner.

Please be specific Chip, what jets does Bronner "control" at UAL? Where would U use them?

 

[oldiebutgoody]

I have to agree. After seeing how U is being run these days, its pretty obvious that "Dr" Bronner doesn't know much about the airline business. :blink:

 

[Fly]

Just got home from NRT (Tokyo for you Chip, go there, nice place). Guess who was on my flight???? Glenn Tilton! Obviously we asked questions, and he answered.

He was most assuring about exiting from bankruptcy.....we are! He also said, "Why would we ever announce our strategy unless we had to?" (makes sense to me) Another statement: "We have NO intention of selling off our assets, we plan to hold our ground" (also makes sense to me)

All in all, he seemed like a focused person (except that he and his wife sat in first class instead of "experiencing" economy).

 

[USA320Pilot]

Fly & Busdrvr:

Every CEO for every bankrupt airline is the company's best cheerleader. Why? To provide customer and employee confidence. Without words similar to Tilton's what do you think would happen to United?

Moreover, when has a company attempted a formal reorganization and then the CEO state in public that the airline would fail?

Regardless, the parties are discussing a fragmentation of United where the United would sell some of its assets to US Airways, backed by RSA

, to provide United with exit financing. This is no different than when Pan Am sold United assets in the 90's.

Will it occur? Maybe, maybe not, but it's currently being discussed within WHQ and CCY.

Busdrvr, I have been told RSA holds United B767/B757 EETC's. In regard to what assets US Airways would acquire, that has not been made public. However, I have been told US Airways is interested in United gates/facilities in ORD, DEN, LAX, & SFO. In addition, Dave Siegel was quoted in the Washington Post stating dependent upon the Atlantic Coast discussions, US Airways would be interested in IAD. Finally, Siegel personally told me (after Atlantic Coast's announcement that it would break from United) that US Airways and Atlantic Coast previously held discussions about the RJ operator joining US Airways Express and they would likely talk again.

Regardless, as you know, US Airways' chairman of the board has publicly said that if United were to sell assets, he would consider backing the purchase of some "if it would be beneficial to US Airways."

Best regards,

Chip

 

[767jetz]

Since Chip loves to repeat himself over and over and over again, I think I will follow suit...

_____________________________________________________________
Chip says: "he would consider backing the purchase of some "if it would be beneficial to US Airways."

767jetz responds: Well... duh!!? Of course he would consider it, just like every other airline out there. One small detail though... You can not buy what is not for sale!
_____________________________________________________________


Everyone get ready! Because if UA sells one gate at DEN, a couple of worn out tugs in SFO, and left over snack boxes from IAD, we're in for the big "I TOLD YOU SO!" 😛




Fly,
Thanks for the update from Tilton. I think I'll take his word over "Chip Almighty." Tilton has a much better track record than Chip. 😀

Has anyone noticed that "you know who" hasn't responded to anything in my last post? All he can do is keep repeating his mantra in a hope that it will come true.