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ProfessorGAC

(64,995 posts)

14. Just Looked At United Financials

Reply to turbinetree (Original post)

Wed Apr 1, 2020, 02:09 PM

Apr 2020

$3 billion buy back; free cash flow negative $11 million.
They bought back stock with 3 billion and borrowed cash to maintain operations.
The CEO made $5 million & got voted a raise.
That $3 billion would come in pretty handy now, wouldn't it, Oscar?

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Airlines facing what official calls 'deepest crisis ever' [View all] turbinetree Apr 2020 OP

You mean the same airlines that Hobby Lobbied for conservatives up and down the ballot ffr Apr 2020 #1

Maybe I'm wrong, but I thought being unregulated, that they could stop or cancel flights at... SWBTATTReg Apr 2020 #2

They have a conundrum la-trucker Apr 2020 #9

Thanks for the information. Seems like what you suggest is the thing to do (suspension/freezing) SWBTATTReg Apr 2020 #10

Sell the stock they bought back with the previous tax cuts. keithbvadu2 Apr 2020 #3

Ha ha heh...what taxes? I read somewhere that a lot of these companies haven't even paid... SWBTATTReg Apr 2020 #11

The same airlines that used all of their tax cut money to buy back their own stock so the ... Botany Apr 2020 #4

Agreed Sherman A1 Apr 2020 #7

+1 bronxiteforever Apr 2020 #12

I have a solution - nationalize them. US can buy controlling shares. Fuck them otherwise. kysrsoze Apr 2020 #5

I like that notion. Don't give away bailout money... buy controlling interest. mpcamb Apr 2020 #13

Cry me a river you greedy fucks ResistantAmerican17 Apr 2020 #6

The age of leisure travel by jet is over Ponietz Apr 2020 #8

Just Looked At United Financials ProfessorGAC Apr 2020 #14

And when we were employee owned and was going through 9/11 we couldn't get anything turbinetree Apr 2020 #15

Geez! ProfessorGAC Apr 2020 #16

We, the mechanics and pilots had bought company to get rid of Steve Wolf, turbinetree Apr 2020 #18

Thanks (nt) ProfessorGAC Apr 2020 #20

cheap testing enid602 Apr 2020 #17

The minute they lift restrictions... a la izquierda Apr 2020 #19