Q3 Invester Update
10-11-2017 | 03:01 PM
#11
Line Holder
Joined: Sep 2007
Posts: 1,257
Likes: 5
Did I read the report correctly in that we are $1B behind in profit than where we were this time last year?
Operating Income
3 Months 2017 $1,839
3 Months 2016 $1,969
Change (130) (7)%
9 months 2017 $4,920
9 Months 2016 $5,932
Change (1,012) (17)%
Operating Income
3 Months 2017 $1,839
3 Months 2016 $1,969
Change (130) (7)%
9 months 2017 $4,920
9 Months 2016 $5,932
Change (1,012) (17)%
10-11-2017 | 03:20 PM
#12
Coverage Award...
Joined: Nov 2016
Posts: 1,690
Likes: 105
Mostly fuel and labor costs so not really a big concern I think.
10-11-2017 | 04:57 PM
#13
Thread Starter
Gets Weekends Off
Joined: Mar 2015
Posts: 13,183
Likes: 638
From: ir.delta.com
They are calling it a transition year because it will take this year to digest the increases in labor and fuel costs. The year over year comps are holding up well when normalized for the PWA increases and fuel. We're doing better than expected. Profit is on track to roughly match the last two years. We are proving the sustainability thesis. Stock will be headed up IMO. (*caution* pilot investing advice)
https://seekingalpha.com/article/411...ve-bad-quarter
https://seekingalpha.com/article/411...ve-bad-quarter
10-11-2017 | 08:42 PM
#14
Gets Weekends Off
Joined: Oct 2009
Posts: 3,108
Likes: 0
“It's hard for me to predict what the future is going to be, but if airline earnings continue to grow and margins expand, there's no question labor will get higher earnings and -- which is perfectly normal and natural.”
Ed quote from earnings call.
Happy we are on the same page.
5:15 vacation day, min day, training day.
Ed quote from earnings call.
Happy we are on the same page.
5:15 vacation day, min day, training day.
10-12-2017 | 02:36 PM
#15
Thread Starter
Gets Weekends Off
Joined: Mar 2015
Posts: 13,183
Likes: 638
From: ir.delta.com
“It's hard for me to predict what the future is going to be, but if airline earnings continue to grow and margins expand, there's no question labor will get higher earnings and -- which is perfectly normal and natural.”
Ed quote from earnings call.
Happy we are on the same page.
5:15 vacation day, min day, training day.
Ed quote from earnings call.
Happy we are on the same page.
5:15 vacation day, min day, training day.
10-15-2017 | 03:14 PM
#16
Gets Weekends Off
Joined: Nov 2008
Posts: 1,508
Likes: 0
From: I'm here, i'm there, i'm everywhere...
The reference was 2-3% labor cost increases. Let's see if he's telling the truth and willing to put it in writing. LOA: 3% annual rate increases at the amendable date. Really that's just covering inflation, no incremental gains or significant increase until sect. 6 is completed. Should be an easy one because he's already told the investment community its normal and expected.
10-15-2017 | 09:44 PM
#19
Gets Weekends Off
Joined: Oct 2009
Posts: 3,108
Likes: 0
The reference was 2-3% labor cost increases. Let's see if he's telling the truth and willing to put it in writing. LOA: 3% annual rate increases at the amendable date. Really that's just covering inflation, no incremental gains or significant increase until sect. 6 is completed. Should be an easy one because he's already told the investment community its normal and expected.
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