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Delta Reports Q2 Loss - $1.0Bil  
User currently offlineLAXintl From United States of America, joined May 2000, 26150 posts, RR: 50
Posted (6 years 5 months 1 week 2 days 17 hours ago) and read 10144 times:

Q2 earning season is on...

Good for Delta however as if not for the special charges of $1.2 billion they technically had a $137mil operating profit for the quarter.

http://biz.yahoo.com/pz/080716/146454.html


From the desert to the sea, to all of Southern California
93 replies: All unread, showing first 25:
 
User currently offlineFlynavy From , joined Dec 1969, posts, RR:
Reply 1, posted (6 years 5 months 1 week 2 days 16 hours ago) and read 10090 times:

Like I said earlier, DL is probably one of the only carriers expected to turn a profit this year (albeit marginal). ALL carriers are dumping good will in this climate.

This thread title isn't exactly accurate. I'd recommend an amendment to it.

[Edited 2008-07-16 04:57:41]

User currently offlinePanamair From United States of America, joined Oct 2001, 4974 posts, RR: 25
Reply 2, posted (6 years 5 months 1 week 2 days 16 hours ago) and read 10015 times:
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Quoting LAXintl (Thread starter):
they technically had a $137mil operating profit for the quarter.

Actually, the Operating Profit was $213 million (4% operating margin). Pre-Tax Profit (Operating Profit - Interest Expense/income) was $137 million.


For those who are too lazy to read the details:  

Operating Revenues: $5.5 billion
Operating Expenses (including Special Charges): $6.6 billion
Operating Loss (including Special Charges): $1.087 billion

Special Charges:
Goodwill Impairment Charge: $1.196 billion (special non-cash)
Restructuring Charge: $104 million (or $0.1 billion)

Operating Profit (excluding Specials): $213million (i.e., -$1.087b + $1.196b + $0.104b)

Interest Expenses net = $76 million

Pre-Tax Profit (excluding Specials) = $137 million ($213m - $76m)

Another hopeful sign is that their guidance for Q3 2008 is for an Operating Profit as well - operating margin of 1-3% - not as great as for Q2 but still at least not a loss...

[Edited 2008-07-16 05:11:35]

User currently offlineTimo007 From United States of America, joined Jan 2007, 38 posts, RR: 0
Reply 3, posted (6 years 5 months 1 week 2 days 16 hours ago) and read 9963 times:

Great results for Delta! A Q2 profit, with a very strong cash position and a very solid hedge for the rest of the year and a nice 21% hedge for 2009. Seems like the new Delta will be the airline to beat in 2009.

Cheers,

Timo


User currently offlineJfk777 From United States of America, joined Aug 2006, 8503 posts, RR: 6
Reply 4, posted (6 years 5 months 1 week 2 days 15 hours ago) and read 9821 times:
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Quoting Panamair (Reply 2):
e-Tax Profit (excluding Specials) = $137 million ($213m - $76m)

Hey Delta made a profit, in this enviroment that is a milestone. Way to go Delta.


User currently offlineOkie73 From United States of America, joined Mar 2006, 446 posts, RR: 0
Reply 5, posted (6 years 5 months 1 week 2 days 15 hours ago) and read 9687 times:



Quoting Panamair (Reply 2):
Special Charges:
Goodwill Impairment Charge: $1.196 billion (special non-cash)
Restructuring Charge: $104 million (or $0.1 billion)

Question for anyone who understands accounting, but down the road if things turn around and look better, can an airline make a special "deposit" to increase goodwill, and thus have a billion dollar profit in a quarter?


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 6, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9591 times:

As the wheels of my 777 flight touched down back in the US, it is encouraging to see good news from DL despite a continued barrage of bad news from the economy as a whole as well as much of the rest of the airline industry.

• 4% system capacity decrease for 2H08 with domestic down 13% and int’l up 14%
DL will cover 75% of the $4B increase in raw fuel prices through multiple initiatives (will burn approx. $1B in cash by the end of the year)
DL still has a $1B undrawn revolving credit facility.
DL is holding $671M in cash that it will likely receive as the benefit of fuel hedging gains, increasing DL’s cash position.
DL expects the joint pilot agreement to provide operational synergies on day 1 post merger (ie. DL and NW aircraft and personnel will move freely throughout the combined system).
DL EXCEEDED industry RASM through May 08, the latest month of ATA comparisons. The days of DL having an industry RASM inferior network are over.
• RASM was up in every region of DL’s system except transpac where DL more than doubled capacity. Even on the transpac system, yield was up but LF was down 10 points. ATL-PVG and ATL-ICN are doing just fine with ATL-PVG obviously still growing on the LF side but DL is not discounting fares in order to artificially fill the planes.
• Latin RASM showed the bigger increase – over 17% - on slightly lower capacity.
DL’s system load factor was up slightly. As traffic reports have already shown, many other carriers are seeing LFs fall across their system. DL is managing and reallocating capacity better than other carriers.
• Mainline CASM ex-fuel and special items was up 1%. I doubt many carriers will do as well.
DL has hedged about half of its fuel needs through the end of this year but there is a noticeable increase in the price they will have to pay by the 4th quarter (undoubtedly when cash burn will increase).
DL is targeting removing 100 RJs from the fleet. Where will they all come from?
DL is expecting to be profitable in the 3rd quarter on an operating basis.
• TechOps generates margins of 12% - considerably higher than the rest of the airline.

There will be more commentary later but DL is well on track to achieve what I believe it would do years ago which is to move to an industry leading position in multiple dimensions, including finances.

DL’s earning call with analysts will begin at 10 a.m. I encourage each of you to tune in to the webcast either live or as a replay.


User currently onlineMasseyBrown From United States of America, joined Dec 2002, 5601 posts, RR: 7
Reply 7, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9575 times:



Quoting Okie73 (Reply 5):
Question for anyone who understands accounting, but down the road if things turn around and look better, can an airline make a special "deposit" to increase goodwill, and thus have a billion dollar profit in a quarter?

Short answer: Normally, no. In bankruptcy, yes.

Tip of hat to Delta. Without seeing the 10-Q, the numbers look very impressive.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineKnope2001 From United States of America, joined May 2005, 2999 posts, RR: 31
Reply 8, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9576 times:

Very notable is that they recognized a net gain on their fuel hedges of $313m in the quarter. That was essentially what allowed them to post a profit. Without them (just doing a crude subtration of that $313m benefit) they'd have posted a $100m operating loss and a $176m net loss.

>Fuel Hedging
>
>During the June 2008 quarter, Delta hedged 49% of its fuel consumption resulting in an
>average fuel price of $3.13 per gallon. Delta realized $313 million in gains on fuel hedge
>contracts settled during the quarter.


User currently offlineBond007 From United States of America, joined Mar 2005, 5454 posts, RR: 8
Reply 9, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9545 times:



Quoting Knope2001 (Reply 8):
Without them (just doing a crude subtration of that $313m benefit) they'd have posted a $100m operating loss and a $176m net loss.

Ah, where are the WN bashers that say this EVERY quarter when WN hedges ???

"If it wasn't for their fuel hedges, DL would have made a loss" ... just as true for DL as WN ... and just as meaningless !


Jimbo



I'd rather be on the ground wishing I was in the air, than in the air wishing I was on the ground!
User currently offlineSxf24 From United States of America, joined Aug 2007, 1262 posts, RR: 0
Reply 10, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9528 times:



Quoting Okie73 (Reply 5):

Question for anyone who understands accounting, but down the road if things turn around and look better, can an airline make a special "deposit" to increase goodwill, and thus have a billion dollar profit in a quarter?

No, goodwill can only be increased with a future acquisition or post-bankruptcy through fresh start accounting.


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17824 posts, RR: 46
Reply 11, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9432 times:



Quoting Bond007 (Reply 9):
"If it wasn't for their fuel hedges, DL would have made a loss" ... just as true for DL as WN ... and just as meaningless !

How is it meaningless? Most of the airline executives just signed a letter asking Congress to end that kind of speculation Yeah sure I hope they get their wish.



E pur si muove -Galileo
User currently offlineKnope2001 From United States of America, joined May 2005, 2999 posts, RR: 31
Reply 12, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9378 times:

Quoting Bond007 (Reply 9):
Quoting Knope2001 (Reply 8):
Without them (just doing a crude subtration of that $313m benefit) they'd have posted a $100m operating loss and a $176m net loss.

Ah, where are the WN bashers that say this EVERY quarter when WN hedges ???

"If it wasn't for their fuel hedges, DL would have made a loss" ... just as true for DL as WN ... and just as meaningless !

Jimbo

I'm *not* slamming Delta on this, so please don't think I'm trying to downplay their accomplishment here.

However fuel hedges are a wager, they are not inexpensive, and they do not always produce positive net outcomes.

Hedging fuel is indeed a part of the business...it's not like they turned a profit by winning the lottery or selling off assets. But it is not an ATM and it is not a guaranteed benefit for those who can and are willing to engage. Anyone who might assume that a profit based on fuel hedge gains indicates that things are okay, or that there are not significant core issues in the industry, is mistaken.

[Edited 2008-07-16 07:26:02]

User currently offlineFlynavy From , joined Dec 1969, posts, RR:
Reply 13, posted (6 years 5 months 1 week 2 days 14 hours ago) and read 9369 times:

$2 billion dollar in total synergies, up from the $1 billion previously estimated as a result of the findings of the 26 DL/NW integration teams.

Webcast in streaming now.

http://phx.corporate-ir.net/phoenix....tml?p=irol-eventDetails&c=71481&ev


User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 14, posted (6 years 5 months 1 week 2 days 13 hours ago) and read 9174 times:

United shares up plus 27,5 % !!!!
Delta plus 24% -incredible figures -but just reducing some of the huge losses within the last six months for share-holders..



Please respect animals - don't eat them...
User currently offlineRwy04LGA From United States of America, joined Jul 2005, 3176 posts, RR: 8
Reply 15, posted (6 years 5 months 1 week 2 days 13 hours ago) and read 9168 times:

Here's another news link:

http://start.rcn.com/news/story.php?...=Business&id=D91V03F00&pd=20080716


We love to fly, and it shows!!



Just accept that some days, you're the pigeon, and other days the statue
User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 16, posted (6 years 5 months 1 week 2 days 13 hours ago) and read 9124 times:

Notes from earnings conference call

DL was operationally very strong – significantly improved baggage, strong on-time performance
• One-third of 4000 employees who took packages are gone already; 80% by the end of Sept (significant cost benefit compared to other carriers).
DL’s length of haul increased 5% which means RASM growth is even stronger than it would appear (RASM decreases normally as stage length increases). DL generated a RASM premium to the industry in every region.
DL’s CASM ex-fuel was up 1%, AA’s up over 5%; DL’s expected to be flat for 3rd quarter.
DL paid $2.99/gal of fuel in Q2 after hedges; AA paid $3.19. AA has one of the better hedging programs so impact to carriers that have minimal hedging is obvious.
DL will look at raising more cash post-merger – possibly some pre-merger; NW doing same (note DL and NW CAN talk about certain things pre-merger primarily related to broader corporate issues; some people here have said they cannot. Pricing, scheduling, and network discussions are permitted but not until closer to the merger). Is an AF investment in DL more likely post-merger?
DL has seen some traffic and yield softness to Europe (AA’s numbers show this too). DL will pull capacity as necessary. Does not expect revenue growth to continue- will redeploy capacity elsewhere on system if needed.
DL expects a significant cash and revenue benefit since both DL and NW’s affinity credit cards are due for renewal.
• Execs; much more capacity needs to come out of system given current fuel prices and carriers need to adapt more quickly. Low end leisure traffic in the US is highly likely to leave – constitutes a significant amount of traffic in US, unlike in EU.
• There will be additional announcements to remove capacity, esp. among RJ operators; will remove RJs on longer routes due to unfavorable costs.
• Anderson: commodity regulation is needed – must have public policy discussion about whether society wants to allow money to flow so freely from poor stock and mortgage markets into fuel and food commodities.
CO leaving Skyteam has very small impact on DL; probably more for NW.
• Analyst: FL is in trouble, what is DL’s strategy. DL: we are not removing capacity in any FL markets from ATL, adding in some markets.
• Industry is undergoing largest change in pricing ever – satellite airport pricing changes require careful evaluation of what is working and where capacity needs to come out.
• Merger synergies will reach $2B by 2012 with revenue benefits coming quickly. Integration costs have been reduced to $600M over 3 years and will only go where immediate value can be recognized. DL filed an 8K with the SEC today updating merger plans.
• Pilot costs post merger are expected to increase 3% over previous contracted levels; pilot retirement benefits will not be harmonized until 2012 but pay will be harmonized on Day 1. Labor harmony is a high priority in the merger (expect to be a factor in unionization efforts of other labor groups).
DL expects airport costs to be reduced up to $6M pre-merger and $100M post merger; expect significant gain at LAX by eliminating one of two terminals.
DL’s fleet costs are one of the lowest in the industry (benefit from BK)


• Quotes from Richard Anderson: “DL is a very different airline from the rest of the industry” “DL holks one of the strongest hands in the industry.:


User currently offlineGsosbee From United States of America, joined Jan 2005, 825 posts, RR: 0
Reply 17, posted (6 years 5 months 1 week 2 days 12 hours ago) and read 8984 times:



Quoting Okie73 (Reply 5):
Question for anyone who understands accounting, but down the road if things turn around and look better, can an airline make a special "deposit" to increase goodwill, and thus have a billion dollar profit in a quarter?

Nope. However, if the book value of NW is less than the acquisition price at the time of closure, additional goodwill will be booked.


User currently offlineAirFRNT From United States of America, joined Jul 2004, 2829 posts, RR: 42
Reply 18, posted (6 years 5 months 1 week 2 days 12 hours ago) and read 8945 times:

The posts on this thread remind me of Enron investors. Same blind enthusiasm, same completely crooked accounting, and same denial about underlying economy.

When a a special charge not a special charge? When a airline does them several times a year. They continue to couch their poor financial using words like "operational profit" (which isn't) and special charges (which are not).

DL + NW merger is a good idea, and there is no doubt the carrier will be better off, but DL Is just as much as risk as any of the other carriers.


User currently offlineAvek00 From United States of America, joined Oct 2004, 4417 posts, RR: 19
Reply 19, posted (6 years 5 months 1 week 2 days 12 hours ago) and read 8900 times:



Quoting WorldTraveler (Reply 6):
ATL-PVG and ATL-ICN are doing just fine with ATL-PVG obviously still growing on the LF side but DL is not discounting fares in order to artificially fill the planes.

Wasn't ATL-PVG just reduced from daily to 5x week?



Live life to the fullest.
User currently offlineSxf24 From United States of America, joined Aug 2007, 1262 posts, RR: 0
Reply 20, posted (6 years 5 months 1 week 2 days 10 hours ago) and read 8697 times:



Quoting AirFRNT (Reply 18):
The posts on this thread remind me of Enron investors. Same blind enthusiasm, same completely crooked accounting, and same denial about underlying economy.

When a a special charge not a special charge? When a airline does them several times a year. They continue to couch their poor financial using words like "operational profit" (which isn't) and special charges (which are not).

They're special charges because accounting rules require them and they're not based on on-going operational performance. They're also NON-CASH, which is a critically important distinguishment.

Understanding the Company's operational performance - or operational profit - is also critical and highly relevant.


User currently offlineDeltaL1011man From United States of America, joined Sep 2005, 9700 posts, RR: 14
Reply 21, posted (6 years 5 months 1 week 2 days 10 hours ago) and read 8658 times:



Quoting Avek00 (Reply 19):
Wasn't ATL-PVG just reduced from daily to 5x week?

Not till Nov. Then goes back to daily in May



yep.
User currently offlineFlynavy From , joined Dec 1969, posts, RR:
Reply 22, posted (6 years 5 months 1 week 2 days 10 hours ago) and read 8652 times:

Quoting Avek00 (Reply 19):
Wasn't ATL-PVG just reduced from daily to 5x week?

Your point?  

I guess here on A.net, the only successful routes flown are those flown daily.

[Edited 2008-07-16 11:04:12]

User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17824 posts, RR: 46
Reply 23, posted (6 years 5 months 1 week 2 days 10 hours ago) and read 8556 times:



Quoting WorldTraveler (Reply 6):
ATL-PVG and ATL-ICN are doing just fine with ATL-PVG obviously still growing on the LF side but DL is not discounting fares in order to artificially fill the planes.

Are we just making things up again or do you have evidence?



E pur si muove -Galileo
User currently offlineJetlanta From United States of America, joined Jul 2001, 3365 posts, RR: 35
Reply 24, posted (6 years 5 months 1 week 2 days 10 hours ago) and read 8531 times:



Quoting MaverickM11 (Reply 23):

Are we just making things up again or do you have evidence?

The only evidence anyone could provide is proprietary. So don't expect WT to provide it. That said, he knows what he is talking about.


26 Jetlanta : Well, believe what you want.
27 Sxf24 : I don't think you have grounds or proof to disagree.
28 Bond007 : Constantly making comments such as I quoted is meaningless in terms of whether the airline should have made a profit or loss. They DID hedge, and the
29 MaverickM11 : Well that makes two of us now But this is not spare change...if WN didn't have any fuel hedged, they'd have to come up with billions in additional re
30 Knope2001 : Oh no...don't tell me there's any sort of double standard in how facts are reported or analyzed!
31 77411 : Let the speculation start. Which terminal is gone and by what date, T-2 or T-5. I would expect T-2 but wouldn't T-5 be better so you have all skyteam
32 Gsosbee : The real question is does T-5 have enough "big plane" gates for the new DL? If so, DL's takeover of NW's T-2 ownership position introduces the questi
33 Sdexplorer00 : It has already been determined just not announced.
34 Kaitak744 : I am sorry, but what are these exactly? And why are they not figured in to Delta's finances (instead of being regarded separately as a "special charg
35 LAXintl : Me says T-5 goes, T-2 stays. T5 = Cost Delta monthly rentals T2 = Revenue generator Additionaly T-2 is truly a widebody facility unlike T-5 which has
36 WorldTraveler : if you did the math on how RASM for an entity was calculated - or know how to - you would know it is impossible for DL to be making money on ATLNRT a
37 Planefxr : A while back I mentioned that DL was very conservative with their estimation of the realized synergies that the merger would create, now the have rele
38 77411 : I agree completely. You may have the answer I believe HA, AirCanada, and NW have a partnership for operation of T-2. Do they have the ability to send
39 LAXintl : All tenants in T-2 sublet from LAX-Two Corp which is AC/HA/NW. So yes they do have the ability to selectively make other carriers walk as their lease
40 Kaitak744 : The most ideal solution is for T2 airlines (non AF/KL/NW/HA/AC) to move out. DL to move in. T3 airlines move to T5. Delta/NW/AF/KL takeover parts of
41 LAXintl : I dont see HA would care and dont think AC would really protect Star partner NZ as they do not handle them. Basically as far as AC/HA they likely wou
42 Commavia : I built a gate schedule for the 10 T2 gates that could easily get every currently-scheduled Delta, Northwest, Air Canada, Hawaiian, Air France and KL
43 Surfdog75 : The flaw in your plan is that DL is most likely planning to expand LAX. They won't be shoe-horned into a few gates when they have big plans for the f
44 Commavia : Well, not to rehash the "past," but many here on A.net (including me) have thoroughly discussed the "New Delta" and their alleged grand designs for L
45 Surfdog75 : It won't be RJ flights and your plan won't leave nearly enough room for what I believe they are planning.
46 Alitalia744 : Problem is Commavia - the LAX flying future plan isn't similar to what they just killed. Time will tell. You may be right, other's may be right, but
47 N839MH : I haven't been to LAX in a while, but looking at google/map of LAX, it appears that T-2 is much smaller than T-5. The only difference I can see is the
48 WorldTraveler : since you obviously are not privy to the inner circle of DL's planning, I think it's fair to see we'll defer to those who do know what DL will do the
49 Commavia : I definitely agree on that: only time will tell. And in time, who knows? Perhaps Delta will double their schedule at LAX and become the airport's big
50 WorldTraveler : no one ever said LAX would even become a mini-hub.... but it is inexcusable that the only transpac service that US carriers can come up with from the
51 Bond007 : But they aren't! DL would have posted more than 100 million loss. Speculation is the reason why they are posting a profit this quarter. For sure it's
52 WorldTraveler : as would have WN for years. They are using their fuel hedges to insulate themselves from the need to dramatically change their business model as quic
53 Surfdog75 : I would argue it's not hypocritical at all. They are the end users of the product and need to count on a certain range to price their main product. T
54 Klkla : A gate or two at T5 can be reconfigured to allow a 747. IMO Delta is not going to give up T5. They also have gates at T6. They would be too crowded at
55 Jetlanta : Seconding what WT said. It has never been DL's intention to replicate UA or WN at LAX. The DL model for LAX is an Asia/Pacific gateway for the west c
56 OA412 : People have mentioned in this thread and others the fact that DL has made "several" attempts to build up LAX. I can think of the WA purchase and the
57 Jetlanta : Yeah, people do always say that. I'm anxious to hear their answer.
58 Bond007 : Hey, I'm totally agreeing with you, and see it as just part of business and good management of cash. That's why I wrote my little disclaimer that you
59 Panamair : Goodwill impairment charge is the 'revaluing' of the company essentially; when DL exited bankruptcy, it had a big "Goodwill" item on its balance shee
60 Bond007 : Yes, I agree, but then they start complaining that speculation is what is driving up the price of oil, and lobbying against it That was my only point
61 Ocracoke : Is it speculation if you use the product? Or is it speculation if your are a fund manager on Wall St, losing money on your banking and house building
62 Bond007 : Well of course it's speculation. In a lot of cases, the airlines are not using the product they are hedging anyway... often heating oil. They are gam
63 DeltaL1011man : No very few people due. But the way most look at it is if the route isn't daily it is not making money. Hell people still say ATL-ICN is lossing mone
64 MaverickM11 : It makes it much harder to have the inevitable conversations with labor groups when you're posting a profit, regardless of whether it's from the flig
65 LAXintl : To me, there were 4 distinct attempts to run a LAX hub/focus city. 1) 1986 absorbs WA and its LAX hub. Good presence, however flying slowly fades awa
66 Jetlanta : I think the bulk of this happened in the very early 90's, well before the WA operation was down-sized. I don't think it is fair to call it a distinct
67 Airzim : Ah no. Once again proving over and over that you don't understand the airline business. Historically LAX traffic to Asia is both low yielding and hyp
68 Post contains links Klkla : This is the quote from Richard Anderson: "In spite of how high fuel prices it’s important to continue to invest in our product and in the markets t
69 WorldTraveler : which is also why the 787 is the ideal plane to develop LAX. There is no need for DL to fly multiple 77W or 744 flights per day from LAX all over Asi
70 FlyPNS1 : Isn't this exactly what DL tried to do with JFK from 1991-2004? Minimal feeder traffic and lots of O+D. The end result being that DL perpetually stru
71 Airzim : Goes to show how little you truly do know. Do I honestly think LA can't generate enough premium revenue to fill thousands of seats per day to Asia. Y
72 WorldTraveler : you obviously had a very bad experience. Somehow the world's most consistently profitable airlines are in East Asia. They obviously have a LF and mar
73 Jetlanta : Well, there was always a level of trans-oceanic flying that DL could support at JFK without major feed. No one is talking about 20 flights a day tran
74 WorldTraveler : and it is also possible that DL could develop some LAX-Latin America markets which would specifically be selected based on their ability to feed traff
75 Airzim : To the contrary, I had very good experiences working in Asia at these airlines. All markets are not created equal, and the Asian marketplace is categ
76 FlyPNS1 : However, most of those mainline flights are coming from the East (ATL, JFK, CVG, DTW, MSP) and those cities don't need to feed into LAX to get to Asi
77 Luv2fly : It is funny that now that DL has some money to in fact fuel hedge like WN then it is forward thinking and the best thing since sliced bread. When DL w
78 Bobnwa : Since Commavia mention only 3 carriers, AA,UA and WN, which of those 3 carriers are you predicting will go out of business any why?
79 MaverickM11 : Now you're just making things up. DL has flat out failed at growing LAX-Latin America, in spite of LAX being one of the biggest markets for anything
80 Luv2fly : And its possible if a pig had wings it could fly, and Delta would take credit for it. Was it Al Gore that invented the internet or was it Delta.
81 Jetlanta : Well, traffic will take circuitous routes. People have been flying via LAX from the East for years. They certainly will connect in LAX to get to the
82 DeltaL1011man : Still have not seen a PR and Boeing isn't showing it WN...........just kiding My guess is AA will go into Chap 11 and UA just might go into Chap 7.
83 Bond007 : Beat you to it Jimbo
84 Luv2fly : Great minds think a like. It is funny how with WN it was so awful that they had the foresight to do this while others did not have the money to do it
85 WorldTraveler : No one EVER said DL would build a transpac hub in LAX. I and others have said in due time DL would fly some LAX-Asia routes largely serving the local
86 Jetlanta : Who ever said hedging wasn't OK? It wasn't Delta. Delta was the pioneer of airline fuel hedging early this decade.
87 Airzim : Yes. You did. Sure sounds like you advocated a LAX hub last year. WorldTraveler From United States, joined Aug 2003, 4517 posts, RR: 17 Reply 119, po
88 Junction : What the heck? I thought you said it was part of the grand plan.
89 WorldTraveler : You are part of the chorus of naysayers that still say the world is flat and that we can't reach the moon.... or conquer AIDS, fuel shortages, and hu
90 Airzim : Huh? What they heck are you talking about? Right? The reason that no US carrier has successfully flown LAX-Asia is because they all think the world i
91 Papatango : The order was stated in the 2nd quarter earnings report
92 DeltaL1011man : I understand that but like I said Boeing has nothing and save the earnings call DL has no PR or anything. I know for a fact the BOD gave the OK for 2
93 Post contains images MasseyBrown : I wonder what Delta's "profit" would be if their unrealized hedging profits were repriced today.   We need to see how good the airlines (not just Del
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