View Single Post
Old 06-27-2011 | 06:10 AM
  #69123  
alfaromeo
Gets Weekends Off
 
Joined: Apr 2008
Posts: 1,619
Likes: 0
Default

Originally Posted by Carl Spackler
Hoping to get anything used on the cheap is our future here at Delta. Bar was absolutely correct in his analysis. New Boeings or Airbuses are out of the question now in any meaningful quantity. That decision is done.

It's clear to me that RA has decided that paying down debt really is his main goal. To that end, we will be flying really old airplanes for quite a long time. Our 777's and A330's are going to be the newest we see for a while. Hope the gamble works out for us, because this is now our course.

Carl
This is what Delta is telling their shareholders, you know the ones that own the company. Delta is generating excellent cash flow, in the last few years that cash flow has been used and will be used to:

Finance the merger integration >> Pay down the debt >> Finance fleet renewal

They are very open about this and have not wavered. We are halfway through the pay down debt cycle and will move to fleet renewal in a few years. Look at the last investors webcast slides and it says it right there. They have this RFP out for 100 orders + 100 options + more and it is actively being bid on by every manufacturer that can spell airplane. A bid that says deliveries will be in 10 years will not win.

Delta will continue to purchase used MD-90's as fast as they can find them, also not a surprise to anyone that pays any attention to what management says. This is really not rocket science here, you don't need to invent stuff to figure out what is going on. Delta has for the last 5 years been very open with the investment community and has been dogged about delivering on their promises.

The reason the union is educating pilots about financial information and negotiating procedures is because they want pilots to be able find this data and process it on their own. They should not have to rely on internet gossip and made up rumors based on data mined from press reports, that are often quite inaccurate. It seems the only people that are upset by this education campaign are the internet prognosticators.

Delta just put out another press release about our 2nd quarter results. You can find it here. Investor Relations - SEC Filings

Every Delta pilot now has the knowledge to read that press release and get a very good idea about the profit/loss for the 2nd quarter. I encourage pilots to read it from the source and don't rely on internet rumors for your data.