Originally Posted by
Gone Flying
the guidance I saw was Q3 EPS was projected to be somewhere between .66 and -.02
id be shocked if they don’t have a Q3 profit based on what I have been reading.
also I believe the only reason we were not profitable in q2 was due to write downs.
PTAX income was +700m
EBITDA was +900m
gross profit was -100m
What would those numbers be without payroll support?
https://apnews.com/article/business-...5be1e35a8caf6f
“$1.5bil from PSP and other one time events” change the numbers you posted above significantly.
Also, I read elsewhere that 2H2021 CapEx will increase by $700m due to the a350s/739s being added to the fleet.
And to be clear I’m not hating on delta here. They are still in the best position imo and maybe still the best run of the legacies (not a fan of Ed, to be clear). But, nobody, including Delta, is out of the woods, and I think Q3 and the first part of Q4 will be rough for everyone. Just as summer exceeded expectations across the industry, the post-summer booking drop off has also exceeded expectations, in the wrong direction.