Originally Posted by
Trip7
Delta Quarterly and Annual Earning report. All available on Delta's Investor Relations page. Does take a bit of digging. Attached data is from the Q1 Earnings report.
Looks like the Refinery produced $53m in profit and reduced fuel cost per gallon to the Company by 7 cents
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Speaking of reports, United just updated Q2 guidance with TRASM up 23%-25% compared to 2019!
Even with fuel predicted at $4.03 per gallon, they’re expecting 10% margins on 14% less capacity when compared to 2019.
So I have no idea what that journalist in your article was smoking. They were picking and choosing statements/facts from different points in time.
If United with their huge exposure to Asia is still forecasting a 10% margin, with $4.03/gallon then I expect Delta to be 3-5 points higher!
Sounds like Kirby is saying the biggest issue with revenue management and a slowing of bookings is that they’re trying to raise prices fast enough so that they don’t sellout too quickly, but they’re failing at it!
United 8-K:
https://ir.united.com/static-files/8...9-9614c0d331b6