Originally Posted by
Sniper
Delta reported a profit of $198M in 2Q2011, down 58%.
Now, I'm sure there are all kinds of accounting tricks being used to arrive at that $198M, but, can anyone put a reasonable cost to this proposal - ie, can Delta handily afford it?
I'm not arguing that Delta's pilots don't deserve it.
That $198 million was actually $366 million, but they had to pay off the 2000 people(168 pilots and the rest were other employees) who took early out retirement offers. Q1 numbers were affected by the earthquake and tsunami in Japan. Q3 numbers are estimated around $790 million. Last year Delta made $950 million in bag fees alone, and paid off $2 billion in debt. Another $700 million in debt was paid down in Q2 of this year. Any more questions?