nasmal
Posts: 193
Joined: Mon Jun 19, 2000 4:16 am

Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 4:22 am

In order? From Loss to actually posting a profit?

[Edited 2004-07-25 21:24:07]
 
AASTEW
Posts: 418
Joined: Sat Oct 06, 2001 10:47 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 5:05 am

Of the Big Five only AA posted a profit. All the other network carriers posted losses. I'm quite sure DL posted the largest loss.
 
aa757first
Posts: 3140
Joined: Sun Aug 03, 2003 11:40 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 5:06 am

Delta just lost almost $2 billion . Hard to top that.

AAndrew
 
RCS763AV
Posts: 3650
Joined: Mon Jun 14, 2004 1:22 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 5:37 am

Totally, DL.
By size, US.
 
wgw2707
Posts: 1110
Joined: Wed Aug 13, 2003 10:37 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 5:49 am

Of course Delta's $2 billion loss was not entirely operational in nature-it was largely one time payments that the airline decided it would be optimal to pay off at this time.

BTW to my knowledge $2 billion is an industry record.

-WGW2707
 
haveric
Posts: 1219
Joined: Fri Jan 05, 2001 9:31 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 5:51 am

I think UA and DL both lost more money for their size than US did last quarter. US almost broke even, IIRC (absent one-time charges).
 
dutchjet
Posts: 7714
Joined: Sat Oct 14, 2000 6:13 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 6:34 am

Rising fuel costs caused financial headaches for many airlines (especially those in the US) and even airlines like NW and CO, which had hoped to show a profit ended up losing money. CO had a small operating profit, but charges associated with the retirement of the MD80 fleet resulted in a loss for the quarter. AA did squeak out a small profit, but even low-fare darlings such as Southwest and JetBlue did not do as well as expected.

In the US, Delta is probably losing the most money at the moment and unless some things change, and very quickly, DL may be headed to the bankruptcy court. And while the situation as UA and US seem to be improving, both airlines still have huge financial issues to work out. Over in Europe, Alitalia is in the most trouble at the moment, with the Italian government providing emergency financing to the airline to avoid a financial disaster - the EU allowed the financing to go through, eventhough they are against government support of air carriers.
 
A330323X
Posts: 2666
Joined: Thu Oct 09, 2003 4:06 pm

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 9:40 am

All the other network carriers posted losses.

By size, US.

I think UA and DL both lost more money for their size than US did last quarter. US almost broke even, IIRC (absent one-time charges).

 Confused  Confused  Confused

US hasn't even reported their 2nd quarter results yet. They report on Tuesday.

They will be very close to break-even one way or another. Personally, I expect a small profit.
I'm the expert on here on two things, neither of which I care about much anymore.
 
mika10021
Posts: 120
Joined: Tue Jul 13, 2004 9:28 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 2:58 pm

In the US it has to be DL.In Europe my guess is Olympic.Last year they had a loss of more than $500m.
 
pilatusguy
Posts: 302
Joined: Mon Jan 05, 2004 5:21 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 10:27 pm

Swiss Int'l Airlines posted a net loss of CHF 687,000,000 after interest and tax for 2003. (US$ 553,273,738)

pretty substantial as well - but hey, they'll make it!  Smile
 
miaskies
Posts: 1235
Joined: Thu Jun 10, 2004 3:08 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 10:28 pm

Definetly DL, probably followed by US and UA.
I believe CO and AA are posting some profit.

ciao  Wink/being sarcastic
Nothing better than making love at 35K Feet!
 
md11dude
Posts: 128
Joined: Fri May 14, 2004 8:03 am

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 10:52 pm

Well, Not by comparing The size of the airlines, but by how screwed the airline actually is....You people are only talking about the U.S. airlines. I belive Air Canada is in quite the deep S..T unfortunatly, and along Other majors like LX etc.....

p.s. Hope Delta will pull through. They kick serious butt!
CP979
 
na
Posts: 9155
Joined: Sun Dec 12, 1999 3:52 am

RE: Which Airline Is Losing The Most Money Now Day

Mon Jul 26, 2004 11:07 pm

If the government wouldn´t help, Alitalia and Olympic would be liquidated already.
Otherwise Delta´s loss published last week is a sad record. Something has to happen soon. How long can this huge airline survice at this pace?
 
UA744Flagship
Posts: 1433
Joined: Tue Jul 13, 1999 1:55 pm

RE: Which Airline Is Losing The Most Money Now Days?

Mon Jul 26, 2004 11:13 pm

Idiots.

UA/US haven't even posted their results yet!

And to the dolt who said CO was profitable, read before you assume!

UA was very close to breakeven in May, and we shall find about about June soon enough. UA will probably post a loss unless June made a profit beyond April's loss and May's very small loss.
no wire hangers!
 
DBOBA
Posts: 21
Joined: Wed Aug 01, 2001 6:12 pm

RE: Which Airline Is Losing The Most Money Now Days?

Tue Jul 27, 2004 12:58 am

UA744 Flagship
Please mind YOUR wording.
Thanks.
 
ual777
Posts: 1497
Joined: Thu Aug 14, 2003 6:18 am

RE: Which Airline Is Losing The Most Money Now Days?

Tue Jul 27, 2004 1:43 am

DBOBA,

Flagship was merely showing his displeasure with the all too often UA hating, financial figure assuming attitude on airliners. Anyway, DL needs to cut costs or they will be far worse off than UA is.
It is always darkest before the sun comes up.

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