Originally Posted by
Superpilot92
Just because delta isn't going out and buying billions of dollars worth of "more efficient" airplanes doesn't exactly mean delta isn't "efficient". Instead delta is buying aircraft for pennies on the dollar compared to the competition and the efficiency is built into our network of our own repair facilities and refineries. The oil refinery is beating expectations and our aircraft while not the "latest and greatest" are for the most part paid for and we avoid massive payments on the planes which can be put into other areas of "efficiency". Truth is delta is being run better than just about any other airline right now and making good money.
I agree that Delta is being run well. But like I said the Balance sheet still worries me. They just scored a B2 which means that they have a high "credit risk". Like I said they are doing the right things but, they still have a long way to go. They are about to purchase more airplanes next month, and have more coming, not to mention the fleet startegy with Airbus and Boeing costs alot more in MX. They are making good investments, but things in the industry need to stay steady. One of the big reasons they are reducing capacity is to help pay this long term debt down...The only other company that had a higher debt to equity ratio than Delta was Pinnacle before it went bankrupt...you can blame the bad business deals on the Q's for that one...