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Delta Q1 2007 Results  
User currently offlineAlitalia744 From United States of America, joined Mar 2000, 4750 posts, RR: 44
Posted (7 years 5 months 4 days 2 hours ago) and read 2409 times:

Delta reported Q1 2007 results:

Summary from yahoo as follows:

Quote:

* Delta's operating profit for the March 2007 quarter was $155
million, the company's fourth consecutive quarterly operating
profit.

* Delta's first quarter net loss was $130 million. Excluding
reorganization items, the net loss was $6 million. 1,2

* On April 16, 2007, Delta announced its creditors overwhelmingly
support the company's plan of reorganization, with more than 95
percent of ballots cast in favor of the plan.

* As of March 31, 2007, Delta had $4.0 billion in cash, cash
equivalents and short-term investments, of which $2.9 billion was
unrestricted.

http://biz.yahoo.com/pz/070423/117886.html


Some see lines, others see between the lines.
5 replies: All unread, jump to last
 
User currently offlineSLCUT2777 From United States of America, joined Dec 2005, 4072 posts, RR: 11
Reply 1, posted (7 years 5 months 4 days 2 hours ago) and read 2373 times:

The available cash keeps getting larger which says this is once again a profitable carrier. Look forward to the announcement of their Chapter 11 exit for April 30th.


DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3
Reply 2, posted (7 years 5 months 3 days 19 hours ago) and read 2081 times:

Quoting SLCUT2777 (Reply 1):
The available cash keeps getting larger which says this is once again a profitable carrier

I agree with you, but in addition restructuring BK should increase a companies cash reserve.


User currently offlineATLAaron From United States of America, joined Apr 2006, 1023 posts, RR: 3
Reply 3, posted (7 years 5 months 3 days 19 hours ago) and read 2041 times:
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Quoting SLCUT2777 (Reply 1):
The available cash keeps getting larger which says this is once again a profitable carrier.

That and the fact that the announcement says there was an operating profit of $155 million.  Wink


User currently offlineRichierich From United States of America, joined Nov 2000, 4264 posts, RR: 6
Reply 4, posted (7 years 5 months 3 days 18 hours ago) and read 1996 times:

Quoting ATLAaron (Reply 3):
That and the fact that the announcement says there was an operating profit of $155 million.

All the signs are that DL is ready to exit BK, and they are a leaner and better company than they were when they entered into it. With that said, they still have some issues to figure out but they are clearly on the right road.



None shall pass!!!!
User currently offlinePSA53 From United States of America, joined Aug 2003, 3069 posts, RR: 4
Reply 5, posted (7 years 5 months 3 days 18 hours ago) and read 1908 times:

Quoting SLCUT2777 (Reply 1):
The available cash keeps getting larger which says this is once again a profitable carrier. Look forward to the announcement of their Chapter 11 exit for April 30th.

Here's a follow-up story to that:
It's great to see DL coming back after some horrible times.Cool.

http://www.thestreet.com/_yahoo/news...cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

However,AMR(AA) is having a tough time with stock investors.It's lost a great deal of
value in the last month and half.



Tuesday's Off! Do not disturb.
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