View Single Post
Old 12-20-2019 | 11:33 AM
  #439  
Excargodog's Avatar
Excargodog
Perennial Reserve
 
Joined: Jan 2018
Posts: 14,261
Likes: 259
Default

Originally Posted by Baradium
No, we are talking about how much more competitive they would be with the lower pilot costs. The numbers are not significant.
Ridiculous. Upscale those numbers to a Delta fleet 20 times as big and it is a half billion dollars annually. Delta profit for 2018 as given in their annual report:

ATLANTA, Jan. 15, 2019 /PRNewswire/ -- Delta Air Lines (NYSEAL) today reported financial results for the December quarter and full year 2018. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here.

Adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth, allowing the company to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin.

For the full year, adjusted pre-tax income was $5.1 billion, a $137 million decrease relative to 2017 as the company overcame approximately 90 percent of the $2 billion increase in fuel expense. Full year adjusted earnings per share were $5.65, up 19 percent compared to the prior year as the company recognized benefits from tax reform and a four percent lower share count
A half billion dollar difference in an annual income of $5.1 Billion does not constitute chump change, whether you will ever admit it or not.
Reply