Originally Posted by
Lobaeux
That's pretty much what I got out of that. Looks like profits to be returned to shareholders, which is a good thing.
What surprised me was the statistic that the average age of the Delta fleet is over 16 years old and his claim that Delta's biggest competitors are state-run airlines.
Yep. The state run carriers are the scourge of the global airline industry. They get much lower loans and when they don't make money, they are propped up by their governments.
It was hard to tell if he dodged the question on widebodies or poo-poo'd the latest rumors. He was very clear on flat capacity year over year and making sure the carrier is investment grade.