Load factor was around 80% but they omitted any RASM/CASM info. I could fly a 767 with a load factor of one and make a huge profit if the passenger paid $10k/hour for the plane. Conversely, I could have 100% LF and if the RASM didn't exceed CASM than it doesn't matter. The loss is pretty steep. DALs loss excluding the employee stock incentive for the buyout was 3X the Virgin loss. DAL revenue is $7 billion a quarter whereas Virgin revenue is only $100 M more than losses. If DAL were to show an equivalent loss it would be around $5.5 billion. Doesn't necessarily garner hope for hedge funds who are struggling themselves to stay afloat.