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Old 10-03-2012 | 01:18 PM
  #111806  
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From: Light Chop
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stealing from another website here but if the 88 doesn't care about stealing, why should I?

The 8K Delta filed with the SEC today includes some indications of a phenomenal 3rd quarter.
For the full 8K which summarizes September results but more importantly gives some strong hints of what the Q3 2012 numbers will reflect are available for download at:
Investor Relations - SEC Filings

Guidance September Quarter 2012:
Operating margin 10 - 11%
Cargo and other revenue $1.2 billion
Fuel price per gallon, adjusted $3.15
Profit sharing expense $175 million
Non-operating expense $260 million
Capital expenditures $400 – 450 million
Interestingly also they expect a mark to mark adjustment on fuel hedges of about PLUS $450mm which basically wipes ot the MINUS $500mm mark to mark adjustment for Q2 2012.
That is really a strong indication of how volatile the fuel environment has been in the last 6 months.
More Interestingly they are already ascribing some of the current month Sept cost of fuel as benefiting from Delta's new fuel supply program, short-speak for the start up of the Trainer refinery.

Can't overlook a September completion factor of 99.8% and on time index of 89.4%.