View Single Post
Old 07-31-2011 | 02:28 PM
  #72636  
sailingfun
Gets Weekends Off
 
Joined: Feb 2008
Posts: 20,877
Likes: 194
Default

Originally Posted by KC10 FATboy
To add to your great comment, according to Steve Dickson's Weekly Update Friday July 29th, since we've paid off a large portion of the debt, DAL will save $500 million in interest each year.

DAL pilots saved this company. I think it's time for a payback.

The 500 million in interest savings is when we have paid the debt down to 10 billion. We are currently at 13.6 billion and have a long way to go to get to 10 billion. Our last quarter was really not that impressive. Much of the profit was eaten up by special items. The actual earnings were 198 million and we cut way back on infrastructure improvements. In addition unlike AMR and UAL Delta is investing virtually zero in aircraft. The bill for fleet renewel will be huge. Management seems to be focused on trying to keep the stock price up and not the long term outlook for the airline. Until DAL gets its house in order from a customer service prospective which so far management has been a failure at I would not expect great things. If Cal management can bring their customer service to UAL things might get ugly. On the other hand from talking to a couple of Airtran guys ATL is going to be really difficult for SW after management jumped into the SLI list and is using the gun to the head method to force ratification. The SW culture wont exist there for a very long time even if the list is ratified.