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Delta Loses $5 Billion In 2004  
User currently offlineSan747 From United States of America, joined Dec 2004, 4966 posts, RR: 12
Posted (9 years 11 months 4 days 14 hours ago) and read 2239 times:

I read in the Business section of the Press-Enterprise (a local paper) the AP story that reports the following fun facts:


  1. Delta lost $5.2 Billion in 2004.
  2. Delta lost $2.2 Billion in the fourth quarter 2004.
  3. Fuel expenses increased $385 Million in the quarter.

The $5.2 Billion loss is the worst in the airline industry's history. Delta blames it on fuel, low fares, and a low economy. These wild cards are what will determine Delta's fate in 2005...

Your opinions?


Scotty doesn't know...
5 replies: All unread, jump to last
 
User currently offlinePPVRA From Brazil, joined Nov 2004, 8976 posts, RR: 39
Reply 1, posted (9 years 11 months 4 days 13 hours ago) and read 2212 times:

They'll be around for 06. The new fares will get them off the nosedive.

PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineAC7E7 From Canada, joined Oct 2004, 666 posts, RR: 22
Reply 2, posted (9 years 11 months 4 days 13 hours ago) and read 2205 times:

Christ... give it up already....

I think it's time for a shakeup... file for bankruptcy protection and get the books in order. The new fares won't do anything for the airline without major cost cuts. The recent cost cutting will only get them through 2006.



User currently offlineMark777300 From United States of America, joined Apr 2004, 388 posts, RR: 0
Reply 3, posted (9 years 11 months 4 days 11 hours ago) and read 2147 times:

would this mean anything for Song? I know that Delta has recently mentioned that they were planning on expanding Song, but I wonder how this large loss pans out for the future.

User currently offlineDarrell From United States of America, joined Jul 1999, 236 posts, RR: 0
Reply 4, posted (9 years 11 months 4 days 11 hours ago) and read 2147 times:

I have personally spent over $2300.00 flying Delta in 2004. New fares? I'm flying from Charleston, SC to Las Vegas in March. $180 round trip on Independence Air. Guess who I'll be flying with.....


those who have no vices have very few virtues
User currently offlineN79969 From , joined Dec 1969, posts, RR:
Reply 5, posted (9 years 11 months 4 days 10 hours ago) and read 2127 times:

How much of that $5 billion was cash and how much was non-cash: asset write-downs, one-time accounting-charges, and write-offs?

Whatever the balance turns out to be, $5 billion of economic value was destroyed in some form. Hopefully not much was cash.


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