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Delta Joining S&P 500  
User currently offlineAlias1024 From United States of America, joined Oct 2004, 2721 posts, RR: 2
Posted (7 months 2 weeks 6 days 5 hours ago) and read 5133 times:

Announced this afternoon that Delta will join the S&P 500 index September 10th. Shows just how far DL has come from its bankruptcy, to now be included in the index. The hard work of everyone at Delta is paying off.

http://www.reuters.com/article/2013/.../06/us-delta-idUSBRE98513K20130906


It is a mistake to think you can solve any major problems with just potatoes.
14 replies: All unread, jump to last
 
User currently offlinedeltalaw From United States of America, joined Oct 2012, 59 posts, RR: 0
Reply 1, posted (7 months 2 weeks 6 days 3 hours ago) and read 4906 times:

Apparently DL has been waiting a few months for a slot on the S&P to open up. Pretty impressive when you consider where they were just a few years ago.

User currently offlineRDUDDJI From Lesotho, joined Jun 2004, 1424 posts, RR: 3
Reply 2, posted (7 months 2 weeks 6 days 2 hours ago) and read 4733 times:

Love or hate DL, as a business they are leading the other US legacy carriers by far.


Sometimes we don't realize the good times when we're in them
User currently offlineDL747400 From United States of America, joined Sep 2008, 309 posts, RR: 0
Reply 3, posted (7 months 2 weeks 6 days 1 hour ago) and read 4609 times:

One more very significant step in the journey back to investment-grade status. More good things coming for DL...... stay tuned!

User currently offlineskymiler From United States of America, joined Aug 2007, 511 posts, RR: 0
Reply 4, posted (7 months 2 weeks 5 days 15 hours ago) and read 4286 times:

Is this the first time that an airline has been on the S&P 500?

Also, who is dropping off the S&P?

Congratulations Delta!



I love to fly, and it shows!
User currently offlineMIflyer12 From United States of America, joined Feb 2013, 791 posts, RR: 0
Reply 5, posted (7 months 2 weeks 5 days 15 hours ago) and read 4283 times:

BMC Software is being dropped from the S&P 500 as it goes private: it is being acquired in a deal led by Bain Capital.

User currently offlinesuseJ772 From United States of America, joined Aug 2005, 794 posts, RR: 1
Reply 6, posted (7 months 2 weeks 5 days 14 hours ago) and read 4035 times:

I love aviation. I love Delta. And I am very proud of what they have done over the years coming out of bankruptcy and becoming the airline they are. But as Gerard Aprey once said, airlines are bad investments. The high cost of capital, the relatively low margin and the dependence on forces way beyond your control (fuel prices, weather, regulatory bodies, etc...) make it tough to consider them a long-term investment.

I am glad they are riding the wave in the good times, but in the airline industry the good times are never the "GREAT" times and the bad times can be some horrible times.



Currently at PIE, requesting FWA >> >>
User currently offlinejetblueguy22 From United States of America, joined Nov 2007, 2655 posts, RR: 4
Reply 7, posted (7 months 2 weeks 5 days 10 hours ago) and read 3260 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting suseJ772 (Reply 6):
But as Gerard Aprey once said, airlines are bad investments. The high cost of capital, the relatively low margin and the dependence on forces way beyond your control (fuel prices, weather, regulatory bodies, etc...) make it tough to consider them a long-term investment.

I used to completely agree with you. But in recent times, not so much. Margins are slowly but surely improving. Mergers have meant less capacity into many markets. The market is a lot different than where it was 10 years ago. It has drifted from the "glory days" of flying into a realistic business model. Airlines are better utilizing space on aircraft, they are charging for bags and meals on short sectors, they are constantly evaluating ways to lower fuel burn, etc. Yes they have always been a business. But I think they are now starting to evolve into realizing declaring bankruptcy every 5-10 years isn't sustainable. Yeah there are things outside their control like fuel and weather, but they are getting smarter about how they deal with those situations.

Congrats to DL. This is pretty huge. It goes to show how the leadership has done an excellent job of running the airline and evolving it. DL's product may not be sexy like some other airlines, but I can always count on them to get me from A to B comfortably, on time, and staffed with a nice and professional crew. I'm a DL fanboy so I'm always going to talk them up. But I really do hope some of the stragglers can get their act together. It would be awesome to have a somewhat stable industry for once.
Pat



You push down on that yoke, the houses get bigger, you pull back on the yoke, the houses get bigger- Ken Foltz
User currently offlineLipeGIG From Brazil, joined May 2005, 11368 posts, RR: 59
Reply 8, posted (7 months 2 weeks 5 days 10 hours ago) and read 3165 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting jetblueguy22 (Reply 7):
I used to completely agree with you. But in recent times, not so much. Margins are slowly but surely improving.

In fact I believe airlines are adapting to these times. They learn how to create new sources of revenue, took advantage of credit card agreements as a working capital source, focus on keeping high yield and people that travel a lot.
Learn also that they need to do a non-stop investment in capital looking to keep their fleet as new as possible and always reducing fuel consumption.

Delta on S&P 500 just shows that's the way to do it.



New York + Rio de Janeiro = One of the best combinations !
User currently offlinexdlx From United States of America, joined Aug 2008, 612 posts, RR: 1
Reply 9, posted (7 months 2 weeks 5 days 6 hours ago) and read 2369 times:

Under Anderson DL has thrived... Who will fill those shoes, when another S&P5k CO calls for Anderson's and offers
twice what he makes at DL? Can we think at DL beyond Anderson already?


User currently offlinecjg225 From United States of America, joined Feb 2013, 625 posts, RR: 0
Reply 10, posted (7 months 2 weeks 5 days 4 hours ago) and read 2117 times:

Congrats to DL!

Really hope they can keep up this momentum. Anderson has done such a good job with them the last few years. And yet they still have such a bad reputation amongst many people...



Restoring Penn State's transportation heritage...
User currently offlinerwy04lga From United States of America, joined Jul 2005, 3165 posts, RR: 8
Reply 11, posted (7 months 2 weeks 5 days 2 hours ago) and read 2014 times:

Quoting xdlx (Reply 9):
Under Anderson DL has thrived
Quoting cjg225 (Reply 10):
Anderson has done such a good job with them the last few years. And yet they still have such a bad reputation amongst many people.

A lot of former 'Red Tails' were bad-mouthing him prior to the IAM vote. I don't see what their problem was with him. I think he's doing a top-notch job and rue the day he leaves Delta.



Just accept that some days, you're the pigeon, and other days the statue
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Reply 12, posted (7 months 2 weeks 5 days 1 hour ago) and read 1932 times:

Quoting rwy04lga (Reply 11):
A lot of former 'Red Tails' were bad-mouthing him prior to the IAM vote. I don't see what their problem was with him. I think he's doing a top-notch job and rue the day he leaves Delta.

He truly is a great leader. Many changes have happened right before my eyes over the past five years. Goals that I thought were completely impossible, we're hitting on a daily basis. The KPIs for one although many hate them serves a tremendous purpose and is the driving force of our top tier performance.



What gets measured gets done.
User currently offlineairtechy From United States of America, joined Dec 2006, 465 posts, RR: 0
Reply 13, posted (7 months 2 weeks 5 days ago) and read 1863 times:

I am anxiously awaiting the next quarterly financial report. I have a feeling it will be a good one.

AT


User currently offlinemayor From United States of America, joined Mar 2008, 9980 posts, RR: 14
Reply 14, posted (7 months 2 weeks 4 days 23 hours ago) and read 1804 times:

Quoting suseJ772 (Reply 6):
I am glad they are riding the wave in the good times, but in the airline industry the good times are never the "GREAT" times and the bad times can be some horrible times.

And this is exactly why DL is doing the things they do......pay down the debt, etc., so when the next downturn comes, as it surely will, they'll be ready for it.



As was said, margins are better (what are they, now?). We used to be told that the company was doing pretty well if the margin was 2-3%.



"A committee is a group of the unprepared, appointed by the unwilling, to do the unnecessary"----Fred Allen
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