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Old 05-21-2008, 06:05 AM   #384  
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Joined APC: Feb 2008
Posts: 15,536

Delta's cash burn rate was roughly the same when adjusted for size in the first quarter as NWA's according to the 10Q reports. Delta's CASM was lower then NWA's even though they pay higher employee costs. In addition Delta spent a far greater amount of money on capital improvements and new aircraft. Delta is also in the middle of a ongoing network reorganization plan that is working far better then anyone hoped. The first quarter that will show the real results of that will be the 3rd Quarter this year. Summer bookings to Europe and Africa are at record levels. The monster under the bed however is fuel. If it stays where it is then look for a huge domestic pull down by all major airlines this fall. At 130 a barrel aircraft will be parked left and right.
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