tommy767
Posts: 4658
Joined: Sat Aug 09, 2003 12:18 pm

How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 11:30 am

Last quarter NW, AS, AA, AirTran, and I'm guessing that CO, B6, ATA, and Frontier made money too. But what is going on right now? Any more profits, news, or predictions. Anything is more than welcomed.
"KEEP CLIMBING" -- DELTA
 
texan
Posts: 4059
Joined: Tue Dec 23, 2003 2:23 am

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 12:00 pm

This quarter and next quarter are typically very lean. Most likely most of the airlines will lose money both this and next quarter. DL will have the largest loss, most likely, because their labor costs are higher than the other airlines. US will report a loss, and AA and UA were both projecting losses in this quarter and next quarter (least they were a couple months ago, it could have changed by now). Not sure about NW, CO, or HP.

Texan
"I have always imagined that Paradise will be a kind of library."
 
expressjetphx
Posts: 259
Joined: Sat Sep 06, 2003 2:33 pm

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 12:05 pm

I read in WSJ a while back that DL loses an average of $600 million per quarter now. How long can they keep going like that?
 
Sydscott
Posts: 3061
Joined: Thu Oct 30, 2003 11:50 am

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 12:06 pm


Bah every US Airline is losing money. So what I say, its not our fault they cant get their arses into gear and reduce costs. Meanwhile there are other carriers around the world going very well, ie QF, and others that are recovering from near disasters, ie Air New Zealand and Cathay Pacific.
 
rsmith6621a
Posts: 1507
Joined: Fri Aug 05, 2005 2:21 pm

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 12:08 pm



They are going to go into a TAILSPIN when passenger profiling starts.....people wont want to be tracked on their vacations.
Did You Ever Think Freedom Could Be this Bad
 
OPNLguy
Posts: 11191
Joined: Tue Jun 15, 1999 11:29 am

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 12:12 pm

>>>Bah every US Airline is losing money.

Not exactly... I know one in particular that isn't....
ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.
 
texan
Posts: 4059
Joined: Tue Dec 23, 2003 2:23 am

RE: How Are The Airlines Doing? Profits?

Tue Jan 13, 2004 2:23 pm

Expressjetphx:
DL has enough cash reserves on hand to last for probably 6-9 more months before they will seriously have to consider Chapter 11. The problem right now is that their pilots are paid close to double what the rest of the major airline's pilots are paid. DL CEO has asked the pilots to renegotiate, but the union keeps saying no, from what I hear. Its not the entire union that's doing it, though, supposedly it is just those with the most seniority, who control the union's board at DL. This is one reason why DL is switching over to mostly RJs. If DL can reduce their costs to about what the 2nd highest airline's labor costs are (don't know which airline that is, sorry), they could save a boatload of money. I want to make clear, though that the predicament DL and the other airlines are in is not the union's fault, in my opinion. It is management's fault, but to keep the company from entering Chapter 11, the unions will basically have to take a pay cut. It'd be nice if management would take an even larger one to show that they, too, are out for the good of the airline (this statement applies to all airlines cutting labor costs). For a more in depth discussion of Chapter 11 and bankruptcies, check out http://airliners.net/discussions/general_aviation/read.main/1343206/.
Hope this helps

Texan
"I have always imagined that Paradise will be a kind of library."
 
OttoPylit
Posts: 2259
Joined: Wed Dec 17, 2003 10:58 am

RE: How Are The Airlines Doing? Profits?

Wed Jan 14, 2004 9:59 am

I know that DL is prediciting a larger loss due to a large group of pilot retirements in which Delta will have to pay into the pensions. And, given that Delta pilots are paid $800 million dollars more than their closest counterparts, they will be very competitive once the pilot contracts are ironed out.

I believe Delta pilots wanted "United Plus 1%" in their last contract negotiations to make them the highest compensated pilots in the industry. Well, I think that they should get United pay now, plus that 1%. You know the old saying, watch what you ask for. Even if the pilots take the proposed pay cuts DL is offering, they will still have something like "United Plus 40%."

I don't have a microwave, but I do have a clock that occasionally cooks shit.
 
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EA CO AS
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Joined: Wed Nov 14, 2001 8:54 am

RE: How Are The Airlines Doing? Profits?

Wed Jan 14, 2004 10:40 am

AS will post their 4Q results and year-end results on January 28th.
"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan

Comments made here are my own and are not intended to represent the official position of Alaska Air Group

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