alitalia744 From United States of America, joined Mar 2000, 4660 posts, RR: 45 Reply 1, posted (2 years 7 months 1 week 1 day 16 hours ago) and read 6663 times:
Nice to see the YOY increase in revenue and yield as well as +$270MM in profit sharing for employees CYTD.
DAL767400ER From Germany, joined Feb 2005, 5721 posts, RR: 50 Reply 2, posted (2 years 7 months 1 week 1 day 16 hours ago) and read 6553 times:
Pretty good numbers coming from Delta.
Most interesting IMHO is the 16% increase in yield, with just the Pacific flying delivering a massive 36% increase in yield. Looks like downgrading planes from NRT and increasing nonstop flights was quite a good idea after all despite what the critics on here said.
Some points from the article:
Quote: Other, net revenue increased 9%, or $75 million, primarily due to baggage fees.
Will be interesting to see the numbers from the other carriers, but this shows that at least Delta has no reason to drop the baggage fees as they make them quite some money.
Quote: $153 million in costs related to the Comair fleet reduction;
This is from the "Special Items" list and I want to ask, what costs exactly did Delta encounter with the Comair fleet reduction? Seems like quite a large sum for planes that are barely more worth than a used SUV these days.
goldenstate From United States of America, joined Feb 2010, 531 posts, RR: 4 Reply 3, posted (2 years 7 months 1 week 1 day 15 hours ago) and read 6464 times:
Exceptional unit revenue growth and yield improvement. 19% mainline unit revenue improvements YOY, with very robust growth internationally. The Pacific region saw a 45% unit revenue growth year on year, marking not only a recovery from H1N1, but growth to new levels.
Clearly the efforts toward earning a consistent revenue premium are bearing fruit. We will see some new progress to this end as the year continues.
Now let's see the rest of the industry's earnings.
nwaesc From United States of America, joined Aug 2007, 3324 posts, RR: 9 Reply 4, posted (2 years 7 months 1 week 1 day 15 hours ago) and read 6427 times:
A good read all around; hopefully, none of us take our foot off the accelerator.
Like I always say, you can never rest easy...
"Nothing ever happens here, " I said. "I just wait."
FlyASAGuy2005 From United States of America, joined Sep 2007, 6520 posts, RR: 11 Reply 5, posted (2 years 7 months 1 week 1 day 12 hours ago) and read 5960 times:
Quoting DAL767400ER (Reply 2): This is from the "Special Items" list and I want to ask, what costs exactly did Delta encounter with the Comair fleet reduction? Seems like quite a large sum for planes that are barely more worth than a used SUV these days.
Are they eating lease payments? I'm still unsure of exactly which frames were parked (N-numbers) so I can't say for sure which were owned and which were leased.
Quoting nwaesc (Reply 4): A good read all around; hopefully, none of us take our foot off the accelerator.
Like I always say, you can never rest easy...
Indeed.
----------------------------
Overall,quite impressive numbers. As with 767400, what impressed me the most is the hike in yield and strong margins.
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 6, posted (2 years 7 months 1 week 1 day 12 hours ago) and read 5911 times:
Kudos to DL! Here's hoping they continue the trend
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
OA412 From United States of America, joined Dec 2000, 4981 posts, RR: 25 Reply 7, posted (2 years 7 months 1 week 1 day 12 hours ago) and read 5705 times:
Quoting alitalia744 (Reply 1): Nice to see the YOY increase in revenue and yield as well as +$270MM in profit sharing for employees CYTD.
Indeed, especially the huge increases in Atlantic and Pacific yield.
Flighty From United States of America, joined Apr 2007, 7451 posts, RR: 2 Reply 8, posted (2 years 7 months 1 week 1 day 12 hours ago) and read 5639 times:
It's true, consolidation and monopoly power are an excellent way to charge higher prices. But, it's temporary. If things stay this good, VX and B6 and WN will expand and deploy longhaul. Even to China, if it comes to that. Certainly all options are open for LCCs, if 10% profit margins are waiting. It's like the 1990s all over again.
Good job to Delta, mostly in government relations. When COUA gets rolling, look out. The short term profits will be enormous. It will look like the airline industry actually is a moneymaker. For a while.
BD338 From United States of America, joined Jul 2010, 598 posts, RR: 0 Reply 9, posted (2 years 7 months 1 week 1 day 11 hours ago) and read 5550 times:
Quoting Flighty (Reply 8): if 10% profit margins are waiting. It's like the 1990s all over again.
There are some good financials being reported today across the board, and continuing the trend from Q2. Inevitably with such good results I see the unions wanting a slice of the pie after all the givebacks and reductions the employees have made. Question is how reasonable/unreasonable will each side be in any discussions? is there discontent ahead? Can amicable agreements be made and employee contributions to these excellent results appropriately recognized?
Atlwest1 From United States of America, joined Jan 2009, 1046 posts, RR: 1 Reply 10, posted (2 years 7 months 1 week 1 day 11 hours ago) and read 5501 times:
Quoting Flighty (Reply 8): It's true, consolidation and monopoly power are an excellent way to charge higher prices. But, it's temporary. If things stay this good, VX and B6 and WN will expand and deploy longhaul. Even to China, if it comes to that. Certainly all options are open for LCCs, if 10% profit margins are waiting. It's like the 1990s all over again.
I think ineviatably we will see longhaul LCC flights however it will probably be done the Air AsiaX way, which i think is viable especially if you can provide massive feed to it which WN/FL and a lesser extent JB can.
ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co. or Airt
lucky777 From United States of America, joined Oct 2008, 464 posts, RR: 0 Reply 11, posted (2 years 7 months 1 week 1 day 7 hours ago) and read 5022 times:
Congrats to Delta. Another blowout quarter....the NWA merger has already paid handsome dividends and i suspect as time goes by, will continue to do so.
Delimit From United States of America, joined Jan 2009, 1433 posts, RR: 1 Reply 12, posted (2 years 7 months 1 week 1 day 4 hours ago) and read 4717 times:
Quoting Flighty (Reply 8): It's true, consolidation and monopoly power are an excellent way to charge higher prices. But, it's temporary. If things stay this good, VX and B6 and WN will expand and deploy longhaul. Even to China, if it comes to that. Certainly all options are open for LCCs, if 10% profit margins are waiting. It's like the 1990s all over again.
Yes, once WN has been around a while I am sure they will look into long haul...oh...wait. Also, while WN is a very healthy carrier, which definitely has the resources to take the fight to the legacies long haul, they might require something other than a 737 to do it.
As for the others, do they really have dense enough networks to feed international flights? Also, correct me if I'm wrong, but the low cost model makes less and less of a difference as stage lengths increase. The longer the route, the less the difference between an LCC and a legacy.
I really don't see the LCCs being a factor to anywhere except the Caribbean, Canada, Latin America and perhaps Northern South America.
LAXtoATL From United States of America, joined Oct 2009, 1563 posts, RR: 2 Reply 13, posted (2 years 7 months 1 week 1 day 4 hours ago) and read 4641 times:
Quoting Delimit (Reply 12): Also, while WN is a very healthy carrier, which definitely has the resources to take the fight to the legacies long haul, they might require something other than a 737 to do it.
Not only would they need to invest in a larger aircraft to compete in the longhaul market...
They would also have to restructure their entire network to feed an international hub. I would actually think JetBlue would be in the best position of the "LCCs" to enter the longhaul market considering they already have a true hub in place at JFK.
panamair From United States of America, joined Oct 2001, 4590 posts, RR: 26 Reply 14, posted (2 years 7 months 1 week 11 hours ago) and read 2819 times:
From yesterday's earnings webcast - not too much new startling information, but some key points below:
- will have over $300 million in profit sharing for employees for the full year 2010; will be paid out on 2/14/11.
- will continue to maximize utilization of aircraft - 2011 capacity guidance unchanged (to be up 1-3%) but with about 20-30 fewer aircraft
- planes coming out of fleet in 2011 will continue to be 50-seater RJs, Saabs, and DC9s
- during quarter, added 2 738s, 2 MD90s, and purchased 14 aircraft when they came off leases
- corporate traffic up 35% year-over-year, improvements in corp. traffic on transcons and in the Northeast
- transatlantic is now above 2007 run rates; LHR performing well with flat-bed product and increased flights
- transpacific - especially strong in the beach markets (Japan-Hawaii)
- positive growth to China; both SEA-PEK and DTW-HKG ramping up well
- LAX-SYD showing significant improvement year-over-year
- when asked about WN in ATL, said local ATL is less than 10% of DL's current total system revenue pool; also pointed out that WN is actually a higher cost competitor than FL.
- Investor Day is scheduled for Dec 15 in NYC; expect more updates to expected Q4 2010 performance then.
Acey559 From United States of America, joined Jan 2007, 1341 posts, RR: 2 Reply 15, posted (2 years 7 months 1 week 5 hours ago) and read 2606 times:
I've always wondered this, but never bothered to ask. Is Delta Private Jets counted into these quarterly and annual reports? I'm curious to hear how Private Jets affects the bottom line at DL. I think they're the only US airline that also operates a private jet charter company, correct? I just never hear much about it, so I've always wondered what the impact is from it.
Anywho, congrats DL! I look forward to continuing my (small) role in making it a strong and profitable company.
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 16, posted (2 years 7 months 1 week 5 hours ago) and read 2592 times:
Quoting Acey559 (Reply 15): I just never hear much about it, so I've always wondered what the impact is from it.
It is featured quite often in the Robb Report.
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
cokepopper From United States of America, joined May 2008, 1102 posts, RR: 9 Reply 17, posted (2 years 7 months 1 week 4 hours ago) and read 2571 times:
countdown to spring/summer route announcements....
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