Originally Posted by
notEnuf
These are the slides you didn’t see. Here’s some good information on the profit sharing and JV revenue calculations.
My concern is the reduced transparency going forward. They are trying to drive stock price by eliminating the frequent data points that short term investors rely on to trade momentum. This also makes it easier to slow play the effects of a downturn and rolls back the transparency that was critical in building trust after the bankruptcy. Maneuvering in the shadows has always been the hallmark of failures, including in Delta’s own history.
https://www.sec.gov/Archives/edgar/d...lta_ex9903.htm
It's a great move IMO. Eliminates alot of the short term trading noise. The stock dropped 3% couple days ago because the November 2019 traffic numbers were down from last year. Short term thinkers didn't notice that our highest Revenue day of the year (Sunday after Thanksgiving) came in December instead of November. As a result, Delta is joining the majority airlines that don't report monthly traffic. As for the rest of the changes, they read like a value investors playbook focused on the long term/big picture. Most value investors wish companies only reported Biannually or Annually. Wonder if Berkshire Hathaway is driving some of these reporting changes at Delta.
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