Flybird
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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.
 
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DL747400
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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.
From First to Worst: The history of Airliners.net.

All posts reflect my opinions, not those of my employer or any other company.
 
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: 48
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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: 1729
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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
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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
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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: 196
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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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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
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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
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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
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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
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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: 196
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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
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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
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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: 27
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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
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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
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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
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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: 196
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
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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
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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


”Yet somewhere in Iceland a great anger stirred in the soul of a troubled individual...” - Revelation
 
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
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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
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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
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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
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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...
 
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compensateme
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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
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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
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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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DL747400
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 12:27 pm

Interesting that the refinery provided DL with a benefit of ~ $40 Million USD in Q2, 2018.
From First to Worst: The history of Airliners.net.

All posts reflect my opinions, not those of my employer or any other company.
 
jumbojet
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 12:54 pm

DL747400 wrote:
Interesting that the refinery provided DL with a benefit of ~ $40 Million USD in Q2, 2018.



That info wasnt on the earnings call. Where did you get that from?
 
PIEAvantiP180
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 2:01 pm

jumbojet wrote:
DL747400 wrote:
Interesting that the refinery provided DL with a benefit of ~ $40 Million USD in Q2, 2018.



That info wasnt on the earnings call. Where did you get that from?


I've read the earnings call transcript and it's in there mentioned at least once plus once more during the q and a with the analysts. Refinery did make a 40mil profit.
 
tphuang
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 2:09 pm

Other interesting stuff from going over the transcripts.

Tatl rasm up over 10%
Tpac rasm up over 8% despite longer stage length
Caribbean market doing really well too
Domestic up 2.4%

So it looks like the international is much stronger than domestic with tatl being the star. Similar to first quarter. My guess is that domestic market is weakness across the board for all carriers.

Also seems like cutting out those nrt routes and sea hkg while relying on jv with Korean air is clearly making their Tpac operation a lot more profitable.
 
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spinotter
Posts: 194
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 3:50 pm

777Mech 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


Reading is fundamental there guy. Delta CONNECTION is 12 straight days cancel free. Good lord.


Some people are so eager to bash that their intelligence gets lost in their bitter hatred.
 
jfern022
Posts: 117
Joined: Sun Aug 21, 2016 9:24 pm

Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 6:21 pm

spinotter wrote:
777Mech wrote:
IPFreely wrote:

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.


Some people are so eager to bash that their intelligence gets lost in their bitter hatred.


I could only
Imagine the hatred one faces if they get a fast food order wrong for him.
 
Lootess
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 7:24 pm

A319s are going nowhere anytime soon. After the MDs are gone, there will still be A320s and 738s that are older.

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


Probably will keep making yourself look ignorant.
 
slider
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Re: Delta Q2 2018 earnings thread

Tue Jul 17, 2018 7:54 pm

jordanh wrote:
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.


Point of information--that's controllable cancellations.

Weather and ATC are generally considered uncontrollable and don't count in that bucket.
 
jbs2886
Posts: 1729
Joined: Wed Apr 01, 2015 9:07 pm

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 1:05 am

PIEAvantiP180 wrote:
jumbojet wrote:
DL747400 wrote:
Interesting that the refinery provided DL with a benefit of ~ $40 Million USD in Q2, 2018.



That info wasnt on the earnings call. Where did you get that from?


I've read the earnings call transcript and it's in there mentioned at least once plus once more during the q and a with the analysts. Refinery did make a 40mil profit.


Its also in the 10Q - page 21. http://d18rn0p25nwr6d.cloudfront.net/CI ... 7be803.pdf
 
deltal1011man
Posts: 5206
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Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 1:51 am

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

Why do we have to continue to do this in every thread?

The 757 isn't leaving by 2023

Delta is cutting 50-100bps points of under preforming capacity BUT IS STILL PLANNING TO GROW 3-4-5%

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

Lol down the drain she continues to go

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?

Jeremy
thin air
If you look at threads like the aircraft refurbishment thread he/she has posted it several times and has been told several times it's not happening.
Lootess wrote:
A319s are going nowhere anytime soon. After the MDs are gone, there will still be A320s and 738s that are older.

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


Probably will keep making yourself look ignorant.

You are correct BUT
the problem the A319 fleet is going to have is the same as the MD90 fleet
How long do MROs support the CFM56-5A when the vast majority of the world's fleet has shifted to the CFM56-5B?

Due to engine overhaul costs my bet is Delta either brings the motor in-house* (ala the BR715) or they start to pre-maturity replace the airplane due to cost.

2020 is when the engine contract ends AFAIK, it will be interesting to see what Delta/Snecma (current vendor) and the MRO market place do.
Curious what @lightsaber option is

* I have a hard time seeing the engine coming in-house. I honestly don't believe Delta has the room unless they did the engine in MSP or expand the Atlanta engine shop somehow
 
MIflyer12
Posts: 3914
Joined: Mon Feb 18, 2013 11:58 pm

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 2:30 am

deltal1011man wrote:

You are correct BUT
the problem the A319 fleet is going to have is the same as the MD90 fleet
How long do MROs support the CFM56-5A when the vast majority of the world's fleet has shifted to the CFM56-5B?


That's a fair consideration and worthy of investigation.

IMHO, the problem with MD-90 vendor support is two-fold: Not many were built, and they (almost) all got concentrated with Delta. By comparison how many A319s with CFM56-5As were built, how many are still flying, and across how many carriers?

Engine rebuilds may be part of a series of economic issues that retire the Delta A319s before their time. CASM isn't great, either, but DL likes to get close to end of life and pilot commonality with 150+ other frames in the fleet will be a good reason to keep them.
 
User avatar
aemoreira1981
Posts: 1907
Joined: Mon Jan 09, 2017 12:17 am

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 2:51 am

I do imagine that Delta will be flying the Delta One 757s until they're out of hours, but what is the 767 replacement plan, especially for the PW-powered birds? Might DL be what saves the A338neo program, given that they can just go for a 242t version and then delay the A339neo for 251t? That would just leave a question as to what will replace the B77Ls.
 
jagraham
Posts: 493
Joined: Sun Jul 17, 2016 11:10 pm

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 9:42 pm

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


A321s and MAX 9s or 10s cannot replace the 757WL on most of the TATL flights (cannot carry cargo TATL). Those will fly for about another decade.
 
deltal1011man
Posts: 5206
Joined: Mon Sep 19, 2005 9:17 am

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 9:48 pm

MIflyer12 wrote:
deltal1011man wrote:

You are correct BUT
the problem the A319 fleet is going to have is the same as the MD90 fleet
How long do MROs support the CFM56-5A when the vast majority of the world's fleet has shifted to the CFM56-5B?


That's a fair consideration and worthy of investigation.

IMHO, the problem with MD-90 vendor support is two-fold: Not many were built, and they (almost) all got concentrated with Delta. By comparison how many A319s with CFM56-5As were built, how many are still flying, and across how many carriers?

Engine rebuilds may be part of a series of economic issues that retire the Delta A319s before their time. CASM isn't great, either, but DL likes to get close to end of life and pilot commonality with 150+ other frames in the fleet will be a good reason to keep them.

And that is my question. Just looking on air fleets it looks like Delta is by far the largest 5A operator with LH/AF having a few.

Right now we aren't at the same point with the 5A as we are with the V2500-D5, for the reasons you pointed out. I am curious if we will get to that point and what Delta's actions will be

As I said, I believe the CFM56-5A contract ends in 2020. The PW4168 contract also had the same (ball park) end date so it will be interesting if Delta keeps these engines as vendor motors or if they come in house and what the impact of those decisions will be later down the road.

Interestingly American is going to bring its CFM56-5B engine work in-house when its contract with CFM ends this year or next.
 
gsg013
Posts: 293
Joined: Wed Feb 15, 2017 4:03 pm

Re: Delta Q2 2018 earnings thread

Wed Jul 18, 2018 10:38 pm

jagraham wrote:
lightsaber wrote:
1989worstyear 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


A321s and MAX 9s or 10s cannot replace the 757WL on most of the TATL flights (cannot carry cargo TATL). Those will fly for about another decade.



Yes I believe the 757S will fly for another decade. I think it will be perfect timing as Boeings NMA plane will be coming online as a replacement.. I undertsand DL has not committed to the NMA however I believe it is being tailored as a supplement and replacement to the 757 and believe DL will be interested at that point

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