Help me do this analysis

nitro

nitro

UAL's current market cap is about $150M. Now, that's about the cost of two of it's airliners - their fleet is 600 ish.

How can UAL trade so below it's book value? Does it have to do with the Bond holders and other creditors - or perhaps it only owns a fraction of those jets?

If so, how would I calculate what would be owed to the bond holders in the case of bankrupty? Or how many of it's jets it actually owns?

Is there a document or better a website that describes this?

nitro
 
Originally posted by nitro
UAL's current market cap is about $150M. Now, that's about the cost of two of it's airliners - their fleet is 600 ish.

How can UAL trade so below it's book value? Does it have to do with the Bond holders and other creditors - or perhaps it only owns a fraction of those jets?

If so, how would I calculate what would be owed to the bond holders in the case of bankrupty? Or how many of it's jets it actually owns?

Is there a document or better a website that describes this?

nitro
More...

Every single airline leases a portion of their planes. In fact, most of them lease most of the planes they fly, if not all.
 
Originally posted by Sarasota


Every single airline leases a portion of their planes. In fact, most of them lease most of the planes they fly, if not all.
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Oops, sorry guys, I see you both beat me to it.
 
They lease them? I always hear on the news that Boeing has
sold so many jets to some airline. Do you mean they don't really
buy them? Who do they lease them from? Certainly not Boeing...
 
Think of it this way, you can own a house but if you can't afford the mortgage....

as for aircraft leasing, if i recall int'l lease finance corp is the biggest name in the game.
 
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