After removing the special bankruptcy charges from United, the last three quarters' results actually show that United has generated net income levels slightly better than American but not quite as good as Continental.
More Quotes from Bob McAdoo:
The company clearly has staying power to enable itself to continue the efforts involved in merging the two airlines.Bob McAdoo
Overall, these new agreements and settlements have enabled United to reduce its non-fuel cost per available seat mile (cost per available seat mile ex-fuel) by approximately 22 during the three years while in bankruptcy.
Bob McAdoo
Although shares may trade up temporarily, we anticipate they will eventually trade down to levels approaching AMR or 25 per share.
Bob McAdoo
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