Flybird
Topic Author
Posts: 28
Joined: Thu Oct 26, 2017 6:03 pm

Delta Q2 2018 earnings thread

Thu Jul 12, 2018 11:15 am

Delta Air Lines reported profit of $1 billion or $1.47 per share for the first quarter, compared to $1.19 billion or $1.62 per share in the same quarter last year. On an adjusted basis, earnings were $1.77 per share, higher than $1.59 per share recorded a year earlier.

https://news.alphastreet.com/delta-air- ... estimates/


I can see the total unit revenues (excluding refinery sales) increased 4.6% during the quarter.
Last edited by Flybird on Thu Jul 12, 2018 11:40 am, edited 2 times in total.
 
DL747400
Posts: 422
Joined: Mon Sep 01, 2008 4:04 pm

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 11:35 am

MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

Official DELTA news release:

https://news.delta.com/delta-air-lines- ... 018-profit

Not a fan of posting Street estimates prior to an official company release.

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

-BASTIAN: "We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter. With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”
Last edited by DL747400 on Thu Jul 12, 2018 12:01 pm, edited 1 time in total.
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Flybird
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Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 11:48 am

Fuel purchase cost was $2,361 million compared to $1,676 million in Q2 2017. And here is the thing. Average Price Per Gallon increased 38% to $2.21. It will be interesting to see how others are reporting.
 
JammyBritton27
Posts: 42
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Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 2:17 pm

Only $600 million impact on fuel prices?


DL747400 wrote:

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

 
jbs2886
Posts: 1645
Joined: Wed Apr 01, 2015 9:07 pm

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 2:19 pm

DL747400 wrote:
MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

Official DELTA news release:

https://news.delta.com/delta-air-lines- ... 018-profit

Not a fan of posting Street estimates prior to an official company release.

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

-BASTIAN: "We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter. With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”


Dang dude. Chill out.

Also who wants to discuss prior Q2s? Come on.
 
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OA412
Moderator
Posts: 4402
Joined: Thu Dec 28, 2000 6:22 am

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 2:36 pm

DL747400 wrote:
MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

That's not how it works. You have to click on the little triangle and report a post in order for us to see it. There's no alert we get just because you type "mods" into a post and we certainly don't read every single thread on here, so it's easy to miss requests that are made outside the reporting function. And further, if it's relevant to the discussion, people may discuss prior Q2 earnings. There's no reason to limit this to just Q2 2018 if comparing past quarters is relevant to the discussion.
Hughes Airwest - Top Banana In The West
 
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BroadwayLimited
Posts: 63
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Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 2:42 pm

Thanks moderator. It is sad when somebody immediately comes on a thread, blasting the OP. I saw no reason to change the title. We all knew what it was about.

I spell Delta Airlines with one word all the time. Probably will keep doing so.
 
1989worstyear
Posts: 144
Joined: Sun Dec 04, 2016 6:53 pm

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 2:47 pm

DL747400 wrote:
MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

Official DELTA news release:

https://news.delta.com/delta-air-lines- ... 018-profit

Not a fan of posting Street estimates prior to an official company release.

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

-BASTIAN: "We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter. With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”


BPS? :confused:
Stuck at age 15 thanks to the certification date of the A320-200 and my parents' decision to postpone having a kid by 3 years. At least there's Dignitas...
 
tphuang
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Joined: Tue Mar 14, 2017 2:04 pm

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 2:49 pm

Really great quarter for delta. Congrats to everyone there.

I think once the earnings season closes, we will appreciate how well delta did here.

It looks like legacies will do better than lcc this quarter because domestic fares are dropping whereas tatl is doing well. And amongst legacies, dl looks to have the best numbers.
 
DLASFlyer
Posts: 22
Joined: Wed Jun 15, 2016 4:06 pm

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 3:04 pm

1989worstyear wrote:
DL747400 wrote:
MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

Official DELTA news release:

https://news.delta.com/delta-air-lines- ... 018-profit

Not a fan of posting Street estimates prior to an official company release.

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

-BASTIAN: "We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter. With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”


BPS? :confused:


Basis points.
 
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spinotter
Posts: 171
Joined: Wed May 27, 2015 1:37 am

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 3:24 pm

BroadwayLimited wrote:
Thanks moderator. It is sad when somebody immediately comes on a thread, blasting the OP. I saw no reason to change the title. We all knew what it was about.

I spell Delta Airlines with one word all the time. Probably will keep doing so.


But Delta Air Lines does not spell it that way. If you know this, then why be sloppy and inaccurate?
 
flyguy84
Posts: 530
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Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 3:42 pm

spinotter wrote:
BroadwayLimited wrote:
Thanks moderator. It is sad when somebody immediately comes on a thread, blasting the OP. I saw no reason to change the title. We all knew what it was about.

I spell Delta Airlines with one word all the time. Probably will keep doing so.


But Delta Air Lines does not spell it that way. If you know this, then why be sloppy and inaccurate?

To annoy people such as yourself.
 
MIflyer12
Posts: 3657
Joined: Mon Feb 18, 2013 11:58 pm

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 5:31 pm

Gallons of fuel purchased went up 1.9% while ASMs went up 3.1% YTD. Thank you, ongoing A359, 739 and A321 deliveries.

Fuel costs went up $654 million while passenger revenues went up $778 million on 3.2% higher RPMs for the quarter so it doesn't look like they recovered all of the fuel difference in higher fares. (Surely they will keep trying!)
 
1989worstyear
Posts: 144
Joined: Sun Dec 04, 2016 6:53 pm

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 8:05 pm

Looks like all of the 752's will be gone by 2023 - I'm not sure where else they could trim capacity.
Stuck at age 15 thanks to the certification date of the A320-200 and my parents' decision to postpone having a kid by 3 years. At least there's Dignitas...
 
jumbojet
Posts: 2386
Joined: Mon Dec 29, 2003 3:01 am

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 8:19 pm

1989worstyear wrote:
Looks like all of the 752's will be gone by 2023 - I'm not sure where else they could trim capacity.


What's going to replace the 757's on the premium transcons, JJFK -LAX/SFO/SEA? Will they go the route of AA and fly only single aisle? Is it a plane DL already has on the order books"?
Last edited by jumbojet on Thu Jul 12, 2018 8:22 pm, edited 1 time in total.
 
SESGDL
Posts: 2738
Joined: Sat Jan 13, 2001 6:25 am

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 8:20 pm

1989worstyear wrote:
Looks like all of the 752's will be gone by 2023 - I'm not sure where else they could trim capacity.


I don't think that's right. Where are you getting that from?

Jeremy
 
airlinedork
Posts: 25
Joined: Tue Mar 21, 2006 6:14 pm

Re: Delta Airlines Q2 earnings thread

Thu Jul 12, 2018 8:30 pm

jbs2886 wrote:
DL747400 wrote:
MODS: Please change thread title (should be Delta, or Delta Air Lines, but not Delta Airlines). Also, this thread will not be used for all Q2 earnings discussions, only Q2, 2018. Propose alternate title instead: DELTA Q2, 2018 earnings thread.

Official DELTA news release:

https://news.delta.com/delta-air-lines- ... 018-profit

Not a fan of posting Street estimates prior to an official company release.

I find these statements to be of interest:

-Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

-BASTIAN: "We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter. With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”


Dang dude. Chill out.

Also who wants to discuss prior Q2s? Come on.


It's to be considerate of others who may do a search for this thread many months or years from now, and instead of getting a bunch of threads to have to dig through, they are able to find it more easily. It's called thinking about others and not just yourself.
 
jumbojet
Posts: 2386
Joined: Mon Dec 29, 2003 3:01 am

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 8:37 pm

From the earnings call, Ed Bastian made the following comment:

The first half of the year, there were 58 days without a single cancellation across the entire Delta system, an improvement of 23 days versus the same period last year. This is continuing in July. Also Delta connection is currently on a 12-day streak this month without a single cancellation. Our customer satisfaction scores demonstrate that we are increasingly a carrier of choice.

AND

With a strong financial foundation in place, DL expects to deliver a fourth consecutive year of pretax earnings above $5 billion, a result largely in line with last year despite the significant fuel headwind.
Last edited by jumbojet on Thu Jul 12, 2018 8:38 pm, edited 1 time in total.
 
jumbojet
Posts: 2386
Joined: Mon Dec 29, 2003 3:01 am

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 8:44 pm

Also very interesting, this was mentioned by Glen Hauenstein

Delta Premium Select expanded into the transatlantic during the quarter and by 2021, all of our international widebodies will be equipped with this cabin, which is generating an average bare premium of over 100% to a standard coach seat.
 
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spinotter
Posts: 171
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Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 10:06 pm

flyguy84 wrote:
spinotter wrote:
BroadwayLimited wrote:
Thanks moderator. It is sad when somebody immediately comes on a thread, blasting the OP. I saw no reason to change the title. We all knew what it was about.

I spell Delta Airlines with one word all the time. Probably will keep doing so.


But Delta Air Lines does not spell it that way. If you know this, then why be sloppy and inaccurate?

To annoy people such as yourself.


That is not an admirable motive. The failure is yours.
 
1989worstyear
Posts: 144
Joined: Sun Dec 04, 2016 6:53 pm

Re: Delta Q2 2018 earnings thread

Thu Jul 12, 2018 11:30 pm

SESGDL wrote:
1989worstyear wrote:
Looks like all of the 752's will be gone by 2023 - I'm not sure where else they could trim capacity.


I don't think that's right. Where are you getting that from?



The last of the A321NEO's will be delivered in 2023. After the MD's are done the 757's will sadly be next :frown:
Stuck at age 15 thanks to the certification date of the A320-200 and my parents' decision to postpone having a kid by 3 years. At least there's Dignitas...
 
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lightsaber
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Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 12:20 am

1989worstyear wrote:
SESGDL wrote:
1989worstyear wrote:
Looks like all of the 752's will be gone by 2023 - I'm not sure where else they could trim capacity.


I don't think that's right. Where are you getting that from?



The last of the A321NEO's will be delivered in 2023. After the MD's are done the 757's will sadly be next :frown:

757s take quite a bit more maintenance. A321 or MAX10s could replace them. But where is 2023 from? My opinion is your timeline is a wise timeline, but Delta would have to announce the replacement order this year at Farnborough to meet that timeline.

Lightsaber
You only have the first amendment with the 2nd. If you're not going to offend someone with what you say, you don't have the 1st.
 
IPFreely
Posts: 1972
Joined: Sun Dec 24, 2006 8:26 am

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 12:31 am

jumbojet wrote:
From the earnings call, Ed Bastian made the following comment:

The first half of the year, there were 58 days without a single cancellation across the entire Delta system, an improvement of 23 days versus the same period last year. This is continuing in July. Also Delta connection is currently on a 12-day streak this month without a single cancellation.


Eleven days ago Delta issued a public apology for cancelling a flight. And today Ed claims they are on a 12 day cancel free streak. This explains why Delta's PR announcements aren't taken seriously by anyone.

http://www.foxnews.com/travel/2018/07/0 ... light.html
 
PlanesNTrains
Posts: 8071
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Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 12:44 am

IPFreely wrote:
jumbojet wrote:
From the earnings call, Ed Bastian made the following comment:

The first half of the year, there were 58 days without a single cancellation across the entire Delta system, an improvement of 23 days versus the same period last year. This is continuing in July. Also Delta connection is currently on a 12-day streak this month without a single cancellation.


Eleven days ago Delta issued a public apology for cancelling a flight. And today Ed claims they are on a 12 day cancel free streak. This explains why Delta's PR announcements aren't taken seriously by anyone.

http://www.foxnews.com/travel/2018/07/0 ... light.html


The 12 day cancel free was Delta Connection. If she was on mainline, it obviously wasn't one of the 58 cancel-free days. What's the problem?
-Dave
 
atlflyer
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Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 1:03 am

Anyone catch any details on the 767s? The business class product is getting pretty dated.
 
777Mech
Posts: 478
Joined: Sun Sep 11, 2016 10:54 pm

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 1:26 am

IPFreely wrote:
jumbojet wrote:
From the earnings call, Ed Bastian made the following comment:

The first half of the year, there were 58 days without a single cancellation across the entire Delta system, an improvement of 23 days versus the same period last year. This is continuing in July. Also Delta connection is currently on a 12-day streak this month without a single cancellation.


Eleven days ago Delta issued a public apology for cancelling a flight. And today Ed claims they are on a 12 day cancel free streak. This explains why Delta's PR announcements aren't taken seriously by anyone.

http://www.foxnews.com/travel/2018/07/0 ... light.html


Reading is fundamental there guy. Delta CONNECTION is 12 straight days cancel free. Good lord.
 
capejet
Posts: 95
Joined: Sun Sep 02, 2012 9:08 pm

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 1:38 am

Doesn't Delta Connection consist of 4 or 5 different commuter airlines? That is truly amazing that they are on a 12 day streak of no cancellations. Have AA or UA ever had 1 day where all their commuters were cancel free?
 
jordanh
Posts: 206
Joined: Fri Sep 08, 2017 11:56 pm

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 2:49 am

capejet wrote:
Doesn't Delta Connection consist of 4 or 5 different commuter airlines? That is truly amazing that they are on a 12 day streak of no cancellations. Have AA or UA ever had 1 day where all their commuters were cancel free?

Or how about AS, who practically cancelled their entire subsidiary airline (Horizon), during a summer when the commuter pilots refused to work for what they considered to be substandard wages.
 
1989worstyear
Posts: 144
Joined: Sun Dec 04, 2016 6:53 pm

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 7:01 am

lightsaber wrote:
1989worstyear wrote:
SESGDL wrote:


I don't think that's right. Where are you getting that from?



The last of the A321NEO's will be delivered in 2023. After the MD's are done the 757's will sadly be next :frown:

757s take quite a bit more maintenance. A321 or MAX10s could replace them. But where is 2023 from? My opinion is your timeline is a wise timeline, but Delta would have to announce the replacement order this year at Farnborough to meet that timeline.

Lightsaber


Oh - I was assuming with December's order they already had enough to cover the whole 757 fleet.
Stuck at age 15 thanks to the certification date of the A320-200 and my parents' decision to postpone having a kid by 3 years. At least there's Dignitas...
 
compensateme
Posts: 2380
Joined: Wed Jan 28, 2009 4:17 am

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 7:44 am

1989worstyear wrote:
Oh - I was assuming with December's order they already had enough to cover the whole 757 fleet.


DL has enough capacity on order to replace the 757 fleet, but it also has a sizeable fleet of 752/753 that are younger than virtually all of its 738, and given parts/maintaince isn’t an issue with the 757, one would have to question why DL would be zealous to phase the type out.

After the MD-88/90 are phased out, DL will probably start phasing out a mixture of 757, 320 and perhaps other types — e.g. maybe the 717 is no longget cost effective, or maybe DL would find it beneficial to remove some 319.

Regardless, a.net needs to accept that DL, by virtue of having a large fleet of late model 757, 753, 763 and 764, is not in the same position as UA and AA and thus the 757 will live on longer.
If you are an American who drives an auto built by a foreign-owned company yet complains about your favorite airline buying Airbus, then you are nothing more than a whiny hypocrite.
 
jfern022
Posts: 98
Joined: Sun Aug 21, 2016 9:24 pm

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 9:21 am

PlanesNTrains wrote:
IPFreely wrote:
jumbojet wrote:
From the earnings call, Ed Bastian made the following comment:

The first half of the year, there were 58 days without a single cancellation across the entire Delta system, an improvement of 23 days versus the same period last year. This is continuing in July. Also Delta connection is currently on a 12-day streak this month without a single cancellation.


Eleven days ago Delta issued a public apology for cancelling a flight. And today Ed claims they are on a 12 day cancel free streak. This explains why Delta's PR announcements aren't taken seriously by anyone.

http://www.foxnews.com/travel/2018/07/0 ... light.html


The 12 day cancel free was Delta Connection. If she was on mainline, it obviously wasn't one of the 58 cancel-free days. What's the problem?


Don’t mind him. One time Delta “left him behind” and this is the vendetta.
 
toobz
Posts: 795
Joined: Mon Jan 18, 2010 6:33 am

Re: Delta Q2 2018 earnings thread

Fri Jul 13, 2018 10:13 am

Right lol I’ve never known anyone to hate something so much but yet participate very actively in threads regarding this such hate. It’s a sickness...but regarding the numbers...very good stellar performance once again from DL. Congrats to all the employees worldwide once again for helping drive the success of the airline. Will be interesting to see what the others report.

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