Breaking: Subsidized carrier loses $36 per passenger last quarter!
But since you won't find this pseudo stat quoted in any financial news story or press release mentioning United Airlines, here's how to calculate it.
1. First, take United's 1st quarter loss of $542 million.
2. Then add up all of United's passenger boardings in January (4.8 million), February (4.7 million) and March (5.7 million).
3. Divided $542 million into 15.2 million, and you get (ta da!) $35.70 loss per passenger.
Show of hands, now: Who's ready to break this thing up and liquidate it?
1. First, take United's 1st quarter loss of $542 million.
2. Then add up all of United's passenger boardings in January (4.8 million), February (4.7 million) and March (5.7 million).
3. Divided $542 million into 15.2 million, and you get (ta da!) $35.70 loss per passenger.
Show of hands, now: Who's ready to break this thing up and liquidate it?
posted by conductor at 6:33 PM
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