Originally Posted by
Carl Spackler
It's not hyperbolic. Hyperbole implies some sort of truth. Your statement is completely false. Delta Air Lines ended the 2nd quarter with 5.4 billion in unrestricted cash, and predicted ending the 3rd quarter with 5.1 billion. The results today show the 3rd quarter ending with 5.8 billion in unrestricted cash. 5.8 is higher than 5.4 dude.
"As predicted, this massive loss of cash..." You couldn't be more wrong.
Carl
I'm not arguing here. I'm confused. And I am heavily biased towards any news that puts DAL in a good light.
However, I just don't understand why every release on various stock boards (google, yahoo, etc.) are reporting that the 3rd quarter earnings report made by Delta equates to a
$130-$160 million dollar loss for the quarter. A loss that is far, far greater than what DAL lost during the 3rd quarter of last year.
DAL, however, on the company web page, is trumpeting their 3rd quarter report as a
$50 million dollar profit.
Obviously, both can't be true. Please explain what I'm missing here.
I'm perfectly aware that DAL's cash position has increased. That doesn't mean it's from profits, however. DAL's cash position generally refers to liquidity, which is mainly immediate access to cash, borrowed or otherwise. Having access to borrowed cash is good, but it's certainly not profit.