Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
User avatar
DL747400
Topic Author
Posts: 977
Joined: Mon Sep 01, 2008 4:04 pm

DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 1:17 pm

- 4th QTR adjusted pre-tax income(1) of $1.45 billion, a 42% increase year over year on a similar basis.
- Adjusted earnings of $1.18 per diluted share.
- Calendar year 2015 adjusted pre-tax income of $5.9 billion, a 29% increase over 2014 on a similar basis.
- GAAP pre-tax income of $1.5 billion and EPS of $1.25 for Q4 and pre-tax income of $7.2 billion for calendar year 2015.
- Total of $2.6 billion in dividends and share repurchases in 2015, including $530 million in 4th QTR.
- Total $1.5 Billion USD in DL employee profit sharing.

More amazing results from DL. The company just keeps printing cash. Conference call later this morning should be interesting.

http://ir.delta.com/news-and-events/...Full-Year-2015-Profit/default.aspx

http://news.delta.com/delta-closes-2015-historic-profit

http://finance.yahoo.com/news/delta-...-announces-december-120000618.html



[Edited 2016-01-19 05:26:54]
From First to Worst: The history of Airliners.net.

All posts reflect my opinions, not those of my employer or any other company.
 
User avatar
N14AZ
Posts: 4196
Joined: Sat Feb 24, 2007 10:19 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 1:18 pm

Quoting DL747400 (Thread starter):
More amazing results from DL.

Amazing in deed. Congratulations!
 
ridgid727
Posts: 1081
Joined: Thu Jul 24, 2008 1:58 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 1:45 pm

Nice profit, now reward the pilots with what they are really worth!
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:13 pm

Quoting ridgid727 (Reply 2):
Nice profit, now reward the pilots with what they are really worth!

disclaimer: Devil's Advocate

Right, because surely the reason for these profits is because their pilots are flying so much better and safer than they were a year ago?
 
User avatar
Btblue
Posts: 703
Joined: Thu Mar 18, 2004 4:57 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:16 pm

Do Delta charge a fuel surcharge in the states? In the UK we are still being charged fuel surcharges, charges depend on the cabin being flown - despite oil being below $30 a barrel. I know fuel is hedged but airlines generally seem to be making record profits.
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:20 pm

Quoting btblue (Reply 4):

Do Delta charge a fuel surcharge in the states? In the UK we are still being charged fuel surcharges, charges depend on the cabin being flown - despite oil being below $30 a barrel. I know fuel is hedged but airlines generally seem to be making record profits.

Within the US no, but internationally what was previously YQ (fuel surcharge) has simply been renamed YR (generic surcharge). Example below:

 
User avatar
enilria
Posts: 10410
Joined: Fri Feb 22, 2008 7:15 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:23 pm

Quoting winginit (Reply 3):
disclaimer: Devil's Advocate

Right, because surely the reason for these profits is because their pilots are flying so much better and safer than they were a year ago?

disclaimer: Devil's Advocate

Right, because when Delta filed for Ch11 the pilots were flying so much more poorly and less safe than they were a year earlier?
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:29 pm

Quoting enilria (Reply 6):
disclaimer: Devil's Advocate

Right, because when Delta filed for Ch11 the pilots were flying so much more poorly and less safe than they were a year earlier?

absolutely a fair point. So how do we establish what fair compensation is for DL pilots? Have supply and demand not settled on an existing pay scale that's in line with other carriers? Should record profits change that to a degree that is beyond the existing profit sharing system? (which is, by the way, going to be a significant pay out given that $1.5B figure)

[Edited 2016-01-19 06:31:56]
 
Flighty
Posts: 9963
Joined: Thu Apr 05, 2007 3:07 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:31 pm

Quoting ridgid727 (Reply 2):

Nice profit, now reward the pilots with what they are really worth!

Delta already pays them much more than that. And customers pay Delta even more.
 
bobnwa
Posts: 4514
Joined: Fri Dec 22, 2000 12:10 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:31 pm

Quoting ridgid727 (Reply 2):
Nice profit, now reward the pilots with what they are really worth!

I quess that being in the 99th percentile of all American wage earners isn't paying them enough? Give me a break.
 
flybry
Posts: 164
Joined: Mon Jul 09, 2012 11:26 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:40 pm

How about a raise for the hard working employees who don't make pilot salaries?.. like customer service, ramp, flight attendants, cleaners etc...
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 2:43 pm

Quoting flybry (Reply 10):

How about a raise for the hard working employees who don't make pilot salaries?.. like customer service, ramp, flight attendants, cleaners etc...

profit sharing applies to all of them or am I incorrect there? For those that aren't aware, labor costs among the US3 (and most other major carriers) have already risen at significant rates year over year (11% industry wide for 3Q 2015)

[Edited 2016-01-19 06:46:04]
 
User avatar
DolphinAir747
Posts: 1901
Joined: Tue Jun 12, 2012 10:07 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:21 pm

I don't work for any of the airlines but I seem to have read many news headlines lately about DL raising wages more often than its competitors, but I don't know if it was for all positions and what the salaries were for DL relative to its peers before.
 
ridgid727
Posts: 1081
Joined: Thu Jul 24, 2008 1:58 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:25 pm

Quoting bobnwa (Reply 9):
I quess that being in the 99th percentile of all American wage earners isn't paying them enough? Give me a break

A n;ice strike will bend Delta to their knees.! Its on the horizon after the givebacks over the decades.
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:37 pm

Quoting DolphinAir747 (Reply 12):

I don't work for any of the airlines but I seem to have read many news headlines lately about DL raising wages more often than its competitors, but I don't know if it was for all positions and what the salaries were for DL relative to its peers before.

US3 employee here.

DL dished out huge raises throughout 2015 which, especially when combined with profit sharing, put a large portion of their employees above the pay scales of at least AA and UA, both of which are higher than WN, B6, and VA for example (nothing secret here as it's plastered all over glassdoor).

Without that bump, I believe pilot and FA salaries were very much in line with those at the other major US carriers.
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:39 pm

Quoting ridgid727 (Reply 13):
A n;ice strike will bend Delta to their knees.! Its on the horizon after the givebacks over the decades.

What an absurd statement and mentality. Record profits, record profit sharing, and wages that are generally above their peers who are doing the exact same jobs, and you think a strike it on the horizon? or would do anything but take a chunk out of the progress that the company and industry are making thanks to these fuel headwinds?
 
ridgid727
Posts: 1081
Joined: Thu Jul 24, 2008 1:58 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:40 pm

Quoting winginit (Reply 14):
Without that bump, I believe pilot and FA salaries were very much in line with those at the other major US carriers.

Yes they did, but if you think the pilot group is happy, think again. With billion dollar profits posted each quarter, a strike, slowdown or fly by the book is an eventuality.
 
catiii
Posts: 3795
Joined: Mon Mar 31, 2008 1:18 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:45 pm

Quoting ridgid727 (Reply 13):
A n;ice strike will bend Delta to their knees.! Its on the horizon after the givebacks over the decades.
Quoting ridgid727 (Reply 16):
Yes they did, but if you think the pilot group is happy, think again. With billion dollar profits posted each quarter, a strike, slowdown or fly by the book is an eventuality.

How would you know? You profile says you're in facilities management.
 
ridgid727
Posts: 1081
Joined: Thu Jul 24, 2008 1:58 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:46 pm

Quoting catiii (Reply 17):
How would you know?

I ride around with them 300 days a year!! Do you?
 
a380787
Posts: 4573
Joined: Tue Jul 09, 2013 4:38 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:48 pm

Quoting ridgid727 (Reply 16):

Yes they did, but if you think the pilot group is happy, think again. With billion dollar profits posted each quarter, a strike, slowdown or fly by the book is an eventuality.

They should do it, and you should encourage them. I'd love to see ungrateful workers destroy the institution that's already lining their wallets.
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 3:48 pm

Quoting ridgid727 (Reply 16):
Yes they did, but if you think the pilot group is happy, think again. With billion dollar profits posted each quarter, a strike, slowdown or fly by the book is an eventuality.

are pilot groups ever happy? ever?

and to say "eventuality" is a cop out. six months? two years? ten years? Of course it's an eventuality, but it won't happen anytime in the next three years barring some catastrophe. Find me a time since deregulation when the pilots went on strike when the books were all in the black.
 
PIEAvantiP180
Posts: 520
Joined: Tue Sep 15, 2009 6:04 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 4:24 pm

Quoting ridgid727 (Reply 13):

The pilots have been without a contract for 19 days. In recent history we had UA, US, and AA major work groups including pilots without a new contract for years and they did not go on strike. Now with only the big 3 US legacy carriers remaining I feel that the NMB, FAA, DOT, and up to including the pesident would sign an executive order saying that they can't strike because it would be to detrimental to the infastructure and the economy of this country. I think pilots won't be able to strike even if they wanted to, I'm sure they can pull what the AA pilots did some years back by doing mass sick out and writing up to many airplane issues to make the plane legally not air worthy. That certainly cost AA a lot of money at that time and I'm sure DL could be made to suffer by their pilots financially and operationally.
 
slvrblt
Posts: 388
Joined: Tue Dec 28, 2004 11:19 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 4:43 pm

Quoting ridgid727 (Reply 2):
Nice profit, now reward the pilots with what they are really worth!

Lol. And right there, for everyone to see, is the mindset that amazes. It's all about pilots; never mind the rest of the ''team'' that puts people and bags on planes, or work in the cabin. All money should go to pilots, leave the companies only barely enough to function for day to day ops.

'Pay me more, screw the investors, screw the remaining employees, I want, more, MORE>>>> MOOORE.
..everything works out in the end.
 
catiii
Posts: 3795
Joined: Mon Mar 31, 2008 1:18 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 4:44 pm

Quoting ridgid727 (Reply 18):
I ride around with them 300 days a year!! Do you?

On the jumpseat twice a week.
 
User avatar
mayor
Posts: 6218
Joined: Sun Mar 09, 2008 3:58 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 4:55 pm

Quoting flybry (Reply 10):
How about a raise for the hard working employees who don't make pilot salaries?.. like customer service, ramp, flight attendants, cleaners etc...

Got a 14.5% raise in December '15, did they not?

Quoting ridgid727 (Reply 16):
Yes they did, but if you think the pilot group is happy, think again. With billion dollar profits posted each quarter, a strike, slowdown or fly by the book is an eventuality.

WHY? I can think of no other reason than greed.
"A committee is a group of the unprepared, appointed by the unwilling, to do the unnecessary"----Fred Allen
 
goboeing
Posts: 2579
Joined: Mon Jun 05, 2000 5:31 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 5:39 pm

Quoting mayor (Reply 24):
WHY? I can think of no other reason than greed.

Because in the bankruptcies, retirements were eliminated.

Do you really need more of an explanation?
 
Amiga500
Posts: 2645
Joined: Tue Mar 03, 2015 8:22 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 5:46 pm

Quoting ridgid727 (Reply 2):
Nice profit, now reward the pilots with what they are really worth!

What about the autopilot coders who do 90% of the pilot's work for them?

Should they get 90% of the additional monies?
 
DAL17Heavy
Posts: 2
Joined: Sun Sep 13, 2015 2:17 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:02 pm

I've been a lurker for over 17 years... finally making my first post today!

Congrats to the hard working folks at Delta! Quite the impressive feat to watch. I noticed in their press release adjusted net debt is at $6.7 billion, down from north of $16 billion in 2009. Any insight on how much of that they plan to carry go forward?

DAL17Heavy
 
airtechy
Posts: 803
Joined: Sun Dec 24, 2006 7:35 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:05 pm

A great year for a great airline! And yet.....26 posts most of which boil down to "gemmy more money"....that's all that is important!  
 
goboeing
Posts: 2579
Joined: Mon Jun 05, 2000 5:31 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:27 pm

Quoting Amiga500 (Reply 26):
What about the autopilot coders who do 90% of the pilot's work for them?

Should they get 90% of the additional monies?

Ha!

You have obviously not seen some of the autopilot "tricks"!

Nor do you understand the real substance of "the pilot's work".
 
32andBelow
Posts: 5207
Joined: Mon Sep 03, 2012 2:54 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:31 pm

Quoting winginit (Reply 20):
are pilot groups ever happy? ever?

Nope, our pilots are home every night and if they get delayed an hour or two they freak out.
 
deltal1011man
Posts: 5400
Joined: Mon Sep 19, 2005 9:17 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:35 pm

What a great day for Delta, its owners and its employees world wide. Hard to believe that we are this far away from operation clockwork, bankruptcy and the merger and the company is doing so well. Hopefully 2016 is even better!

Quoting ridgid727 (Reply 2):
Nice profit, now reward the pilots with what they are really worth!

Ugh why can't you guys start your own thread to have this argument again?

Quoting winginit (Reply 3):
Right, because surely the reason for these profits is because their pilots are flying so much better and safer than they were a year ago?

Uh FWIW operations at Delta are better year over year. Not just because of the pilots though.

Quoting winginit (Reply 7):
Should record profits change that to a degree that is beyond the existing profit sharing system? (which is, by the way, going to be a significant pay out given that $1.5B figure)

Do you say the same for management who is spending billion on buy backs (that in return bump their pay up since most of their pay is based on stock)

Quoting winginit (Reply 7):
Have supply and demand not settled on an existing pay scale that's in line with other carriers?

No. Pay scales are always changing in the industry. Its contract time. Only a complete idiot would take a 4 year deal 0/0/0/0 and just rely on profit sharing (which the company has cut for front line non-union employees and wants to cut for pilots)

Quoting winginit (Reply 7):

absolutely a fair point. So how do we establish what fair compensation is for DL pilots?

"we" don't

Quoting bobnwa (Reply 9):

I quess that being in the 99th percentile of all American wage earners isn't paying them enough? Give me a break.

Wait a second Bob, so you then also think the pay raises, stock bonuses etc. that management have gotten are also wrong? You also think buying stock and allowing management to cash in on that move is wrong?
They are also in the top 2%

Quoting flybry (Reply 10):

How about a raise for the hard working employees who don't make pilot salaries?.. like customer service, ramp, flight attendants, cleaners etc...

Non-union just got a 14.5% raise and an extra 1% added to the 401K.
if they feel like they need more then they should vote in a union and negotiate for it.

Quoting winginit (Reply 11):

profit sharing applies to all of them or am I incorrect there? For those that aren't aware, labor costs among the US3 (and most other major carriers) have already risen at significant rates year over year (11% industry wide for 3Q 2015)

[Edited 2016-01-19 06:46:04]

Its going to be a very high % raise after year and years of cuts. Even now when you look at everything I don't believe a single work group that went into BK is still back at (or close to) pre-BK levels. (again, not just pay EVERYTHING)

Quoting ridgid727 (Reply 13):

A n;ice strike will bend Delta to their knees.! Its on the horizon after the givebacks over the decades.

seriously? calm down sparky. Why don't we give DALPA and Delta a chance to go back to the table since the TA got voted down(remember, they haven't had a real chance to even try since DALPA made so many changes with-in) and see what they come up with before we got 0-100 okay?

Quoting winginit (Reply 14):

DL dished out huge raises throughout 2015 which, especially when combined with profit sharing, put a large portion of their employees above the pay scales of at least AA and UA, both of which are higher than WN, B6, and VA for example (nothing secret here as it's plastered all over glassdoor).

few things,
1) Pilots got none of that.
2) someone always has to be at the top. If UA votes in their TA they will be a good bit ahead of Delta.
3) Virgin America is VS, VA is Virgin Australia (VS is Virgin Atlantic)  
Quoting a380787 (Reply 19):
They should do it, and you should encourage them. I'd love to see ungrateful workers destroy the institution that's already lining their wallets.

Ungrateful workers?
none Delta pilots are ungrateful?

Quoting winginit (Reply 20):

are pilot groups ever happy? ever?

Its contract time. No.
Once they get a contract they shut up for 3-5 years.
round and round we go. Welcome to a world with a union.

Quoting PIEAvantiP180 (Reply 21):

The pilots have been without a contract for 19 days. In recent history we had UA, US, and AA major work groups including pilots without a new contract for years and they did not go on strike. Now with only the big 3 US legacy carriers remaining I feel that the NMB, FAA, DOT, and up to including the pesident would sign an executive order saying that they can't strike because it would be to detrimental to the infastructure and the economy of this country. I think pilots won't be able to strike even if they wanted to, I'm sure they can pull what the AA pilots did some years back by doing mass sick out and writing up to many airplane issues to make the plane legally not air worthy. That certainly cost AA a lot of money at that time and I'm sure DL could be made to suffer by their pilots financially and operationally.

few things.
1) you are right. A strike isn't going to happen. Delta will be able to park DALPA for a long while before I strike is even remotely in the ball park.
2) Saying that, DOT/FAA can't do crap if the pilots go on strike. The NMB is in control of it and somewhat the president. Having said that, I would be completely shocked if Obama sent them back to work, bad for party politics. He will however make sure his NMB doesn't let them walk.
3) legally the company has all the power. All the pilots can do is follow the contract. Anything else, if there is any planning at all that the company can find, is illegal. (ie sick outs and such)

But your post shows exactly how the system is broken. Airline labor should be beat down because the government let the industry get to big to fail.

Quoting slvrblt (Reply 22):

Lol. And right there, for everyone to see, is the mindset that amazes. It's all about pilots; never mind the rest of the ''team'' that puts people and bags on planes, or work in the cabin. All money should go to pilots, leave the companies only barely enough to function for day to day ops.

'Pay me more, screw the investors, screw the remaining employees, I want, more, MORE>>>> MOOORE.

I don't believe anyone said that.

Quoting mayor (Reply 24):

WHY? I can think of no other reason than greed.

Mayor you can never think of a reason other than greed. Anytime anyone speaks out against Delta its greed.

but you have a pension. You would be singing a different tune if you didn't. (and you also worked at Delta during much better times, like it or not)

Quoting goboeing (Reply 25):

Because in the bankruptcies, retirements were eliminated.

Do you really need more of an explanation?

Ah but thats the rub, not everyone lost their retirements. So when you walk out of BK and you didn't really take any cuts its easy to talk.
Also for some reason every time its contract time some of the other frontline employees (current and retired) get jealous of DALPA. They think because they were at-will employees for all that time everyone, union or not, should shut up and do as they or told. That isn't how the real world works but thats how some think.
 
bjorn14
Posts: 3595
Joined: Sat Feb 27, 2010 2:11 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:39 pm

Back on topic...will DL declare a dividend?
"I want to know the voice of God the rest is just details" --A. Einstein
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:40 pm

Quoting Deltal1011man (Reply 31):
1) Pilots got none of that.


To be fair, neither did the executives.

[Edited 2016-01-19 10:44:04]
 
deltal1011man
Posts: 5400
Joined: Mon Sep 19, 2005 9:17 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:47 pm

Quoting winginit (Reply 33):

executives damn sure got more than, IIRC, 3% the pilots got this year in raises.  
Quoting bjorn14 (Reply 32):

Delta has already done so. I can't remember the number off the top of my head.
 
alasizon
Posts: 2793
Joined: Sat Apr 28, 2007 8:57 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:50 pm

Quoting mayor (Reply 24):
Quoting flybry (Reply 10):
How about a raise for the hard working employees who don't make pilot salaries?.. like customer service, ramp, flight attendants, cleaners etc...

Got a 14.5% raise in December '15, did they not?

The actual DL employees, yes. But if DL was willing to not go for the bottom feeder on their contracted out work (particularly ramp & CS in Connection only cities), an increase in wages for all of the contractors would probably improve customer experience and contracted employee morale. Higher morale and a better customer experience tends to result in higher loads and more returning customers.
Airport (noun) - A construction site which airplanes tend to frequent
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:53 pm

Quoting Deltal1011man (Reply 31):
Even now when you look at everything I don't believe a single work group that went into BK is still back at (or close to) pre-BK levels.

and in that the industry has fundamentally changed with the rise of ULCCs, is it realistic for pilots to expect that relative compensation will ever return to pre-BK levels? Zooming out even further, pilot salaries in particular have been in the process of being right-sized for decades now, and while we're finally seeing resistance in the form of pilot shortages, etc., the days of salaries as lucrative as they once were are gone.

[Edited 2016-01-19 10:55:06]
 
MSPNWA
Posts: 3698
Joined: Thu Apr 23, 2009 2:48 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:54 pm

DL's CASM ex-fuel really took a hit this quarter. I've been eyeing that stat over the past few quarters, and it's been increasing. Can't put all the blame on the December 1st pay raises either. And the pilots haven't gotten their payday yet too. It looks like they're facing some significant headwinds in that area.
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 6:56 pm

Quoting MSPNWA (Reply 37):
DL's CASM ex-fuel really took a hit this quarter. I've been eyeing that stat over the past few quarters, and it's been increasing. Can't put all the blame on the December 1st pay raises either. And the pilots haven't gotten their payday yet too. It looks like they're facing some significant headwinds in that area.

That exact issue was the topic of a WSJ piece a few days back.
 
deltal1011man
Posts: 5400
Joined: Mon Sep 19, 2005 9:17 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 7:03 pm

Quoting winginit (Reply 36):

and in that the industry has fundamentally changed with the rise of ULCCs, is it realistic for anyone to expect that relative compensation will ever return to pre-BK levels?

with the rise of ULCCs? that is a good one. I have heard some excuses in my life but that is the best one yet. you mean the airlines that are having very little effect on legacies?

and yes, with consolidation 15-25% margins I completely expect things to get back to pre-bk levels. Things that said the company 50M over 10 years? (ie a lot of outsourcing) That should be coming back in-house.

Quoting winginit (Reply 36):
Zooming out even further, pilot salaries in particular have been in the process of being right-sized for decades now, and while we're finally seeing resistance in the form of pilot shortages, etc., the days of salaries as lucrative as they once were are gone.

thats not really true. How can you look at the long term and bring up the pilot shortages (or airline employee shortages in general) and think that hurts the employees?

Quoting alasizon (Reply 35):

The actual DL employees, yes. But if DL was willing to not go for the bottom feeder on their contracted out work (particularly ramp & CS in Connection only cities), an increase in wages for all of the contractors would probably improve customer experience and contracted employee morale. Higher morale and a better customer experience tends to result in higher loads and more returning customers.

you say that and I say the company should be bringing those people in-house. (at least in stations like CLT,RDU,SAN,MIA etc.)
 
winginit
Posts: 3067
Joined: Sat Feb 23, 2013 9:23 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 7:10 pm

Quoting Deltal1011man (Reply 39):
with the rise of ULCCs? that is a good one.

American's introduction of b-scale pilots and FAs back in the 80s had a massive impact on the overall compensation of pilots and FAs across the industry. How is the rise of ULCCs like NK and F9, who pay their pilots less than the legacies, any different?

Quoting Deltal1011man (Reply 39):
and yes, with consolidation 15-25% margins I completely expect things to get back to pre-bk levels. Things that said the company 50M over 10 years? (ie a lot of outsourcing) That should be coming back in-house.

I commend you on your optimism. Good luck with that.

Quoting Deltal1011man (Reply 39):
thats not really true.

Are you arguing that relative captain and first officer salaries haven't declined over the past several decades?
 
dubaiamman243
Posts: 1153
Joined: Tue Jan 13, 2015 8:00 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 7:19 pm

Still need to blame the ME3?
The next airline CEO :crossfingers:
 
User avatar
EA CO AS
Posts: 15808
Joined: Wed Nov 14, 2001 8:54 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 7:27 pm

Congrats to all DL employees on a great quarter and outstanding 2015 profit! Cheers.
"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
 
User avatar
mayor
Posts: 6218
Joined: Sun Mar 09, 2008 3:58 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 7:43 pm

Quoting Deltal1011man (Reply 31):
Quoting mayor (Reply 24):

WHY? I can think of no other reason than greed.

Mayor you can never think of a reason other than greed. Anytime anyone speaks out against Delta its greed.

but you have a pension. You would be singing a different tune if you didn't. (and you also worked at Delta during much better times, like it or not)

Oh, please..........please give me an example of "anytime".......I'd really like to read it.


Yes I do have a pension, but I was there for the last 5 years before the BK........also, many of us in ACS, went without pay raises for about 10 years in a row......now, I KNOW you're going to say we should have got a union and I've heard all that crap before, but in those ten years, we KNEW why we weren't getting one and we're ok with it........we were still paid comfortably. BTW, do you think times were really that much better, when I was working? If so, tell me why......apparently, I've forgotten.
"A committee is a group of the unprepared, appointed by the unwilling, to do the unnecessary"----Fred Allen
 
global1
Posts: 532
Joined: Fri Dec 19, 2014 5:31 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 8:01 pm

Hate to disappoint you, rigid727, but the days of strikes are over. The government would intervene in such an event if DL,AA,UA or WN were involved. Besides, openers were just presented. Long long ways to go yet
.
Ahhh... does brings back memories of the good ole days at NWA. Just itching to cause damage to your employer. I miss that so much...NOT!
 
FlyASAGuy2005
Posts: 3965
Joined: Sun Sep 23, 2007 4:55 am

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 8:09 pm

Quoting goboeing (Reply 25):
Quoting mayor (Reply 43):

In my opinion and from what i've gathered, the work was generally harder and the place was much more disciplined. I know some guys from old Piedmont in CLT. Part time workers were pretty much ran from the breakroom. They were only there for 3-5 hours so they were expected to work. No flights? Go round up bag carts or FOD for 45 minutes until the next bank. The rest goes for everyone but shoes had to be shined. Belt was a must. Had to have a watch/pen. These things would send you home for the day. Heaven forbid you put a scratch or dent in a piece of GSE. You were out there with paint brushing it up.

Yes, pay was good. Health benefits was good etc but things were more rigid back then. Only those who worked during the 80s and early-mid 90s would understand.
What gets measured gets done.
 
User avatar
tlecam
Posts: 1501
Joined: Tue Jul 23, 2013 1:38 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 8:14 pm

Great quarter for Delta overall

My observations and questions:

1. I have the same question.

Quoting DAL17Heavy (Reply 27):
I noticed in their press release adjusted net debt is at $6.7 billion, down from north of $16 billion in 2009. Any insight on how much of that they plan to carry go forward?

2. I have the same observation here. Also, I wonder what DAL things their CASM should be. What are the planning for, and what are they projecting CASM to be in the future. (In relative terms.) It would be interesting in light of the WSJ article that someone mentioned, whether DAL CASM increases are in line with their plan or what. Also, it will be interesting to know how much of that is variable vs. fixed - what can they play with if they want to reduce it due to economic headwinds or whatever at some date in the future.

Quoting MSPNWA (Reply 37):
DL's CASM ex-fuel really took a hit this quarter. I've been eyeing that stat over the past few quarters, and it's been increasing. Can't put all the blame on the December 1st pay raises either. And the pilots haven't gotten their payday yet too. It looks like they're facing some significant headwinds in that area.

3. Capacity is down YOY across the ponds on both sides. Some of this can be attributable to the 744's leaving the fleet. If this is a trend (pacific has been shrinking from a capacity standpoint for awhile), I wonder what this means for fleet plans with those 333 HGW planes they have on order. And for 763 retirements.
BOS-LGA-JFK | A:319/20/21, 332/3, 346 || B:717, 735, 737, 738, 739, 752, 753, 762, 763, 764, 787, 772, 744 || MD80, MD90
 
Seat1F
Posts: 157
Joined: Thu Feb 26, 2015 8:42 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 8:48 pm

Anyone listen to the conference call? Any interesting comments?
 
jbs2886
Posts: 2702
Joined: Wed Apr 01, 2015 9:07 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 9:11 pm

Quoting Seat1F (Reply 47):
Anyone listen to the conference call? Any interesting comments?

I caught the second half. Other than the C-Series comments (some people dismiss as nothing, I think saying "serious consideration" is interesting), the comments re: JFK and Seattle were intriguing. Basically regarding JFK they are reaching a point where the value of the hub is recognized and will reap immense benefits from that scale. Seattle they said they will grow like JFK and that the growth is connections. The third growth prong they mentioned was upgauging.
 
Rdh3e
Posts: 3634
Joined: Wed Mar 30, 2011 2:09 pm

RE: DL Announces Q4 2015 Profit $1.45 Billion USD

Tue Jan 19, 2016 10:00 pm

Quoting Seat1F (Reply 47):
Anyone listen to the conference call? Any interesting comments?

Other than what's been mentioned already, the big one is that Delta has stopped entering into new fuel hedge positions. Effectively following American out of the game.

They also stated with gusto (I pictured a smirk) that Trainer produced $300M net profit this year "And we paid $150M for it". Not sure how much additional they invested above that $150M in modernization projects, but it certainly seemed like an "F the haters" moment.

[Edited 2016-01-19 14:01:26]

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