Originally Posted by
forgot to bid
Fwiw for 1Q2015 pretax income increased over 30% to $594 million, despite a $300 million early hedge settlement.
1Q2015 had a 280%+ increase in profit for ten US airlines over 1Q2014.
Ahh, very good point. "Early hedge settlements" are not part of the PTIX excluding one-time items (hedges are considered "one-time").
Delta’s adjusted pre-tax income for the March 2015 quarter was $594 million, an increase of $150 million over the March 2014 quarter on a similar basis.
I wonder how much of that difference YOY is due to the winter storms in 2014 that were not present in NYC/ATL for 2015? I hesitate to extrapolate that to the entire year, but I have guessed at least a 7-10% increase in YOY cumulative, having a Q1 increase by 30%'ish gets us off to a very good start in improving the end state! Worrisome is the Doug Parker announcement that he's going to lower fares aggressively and that SWA is going to increase capacity by 8% this year. Oil prices are slowing creeping up again but I think that will mute itself as increases tamp down on demand it will moderate down it again. These things will not help our PTIX going forward in 2015.
I think we will see a PS check that flirts with 20% for 2015.