san747
Posts: 4347
Joined: Sun Dec 19, 2004 10:03 am

Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 11:48 am

I read in the Business section of the Press-Enterprise (a local paper) the AP story that reports the following fun facts:

  1. Delta lost $5.2 Billion in 2004.
  2. Delta lost $2.2 Billion in the fourth quarter 2004.
  3. Fuel expenses increased $385 Million in the quarter.

The $5.2 Billion loss is the worst in the airline industry's history. Delta blames it on fuel, low fares, and a low economy. These wild cards are what will determine Delta's fate in 2005...

Your opinions?
Scotty doesn't know...
 
PPVRA
Posts: 7973
Joined: Fri Nov 12, 2004 7:48 am

RE: Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 12:07 pm

They'll be around for 06. The new fares will get them off the nosedive.

PPVRA
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
ac7e7
Posts: 678
Joined: Mon Oct 25, 2004 7:27 am

RE: Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 12:10 pm

Christ... give it up already....

I think it's time for a shakeup... file for bankruptcy protection and get the books in order. The new fares won't do anything for the airline without major cost cuts. The recent cost cutting will only get them through 2006.

 
mark777300
Posts: 377
Joined: Wed Apr 21, 2004 3:30 pm

RE: Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 2:48 pm

would this mean anything for Song? I know that Delta has recently mentioned that they were planning on expanding Song, but I wonder how this large loss pans out for the future.
 
darrell
Posts: 229
Joined: Mon Jul 19, 1999 4:19 am

RE: Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 2:49 pm

I have personally spent over $2300.00 flying Delta in 2004. New fares? I'm flying from Charleston, SC to Las Vegas in March. $180 round trip on Independence Air. Guess who I'll be flying with.....
those who have no vices have very few virtues
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Delta Loses $5 Billion In 2004

Sat Jan 22, 2005 3:13 pm

How much of that $5 billion was cash and how much was non-cash: asset write-downs, one-time accounting-charges, and write-offs?

Whatever the balance turns out to be, $5 billion of economic value was destroyed in some form. Hopefully not much was cash.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos