Delta cutting back flying
 

From the WSJ:

BUSINESS EARNINGS
Delta to Trim Flights as Fuel Prices Rise
Higher costs are weighing on airlines after a record stretch of profits
By Alison Sider
Updated July 12, 2018 9:02 a.m. ET
Delta Air Lines Inc. said higher fuel costs are cutting into profit even as demand for air travel grows.

Delta beat earnings forecasts on Thursday as record revenue helped offset a $578 million higher fuel bill than in the second quarter of last year. But the No. 2 U.S. carrier by traffic said those rising fuel costs will weigh on profit for the rest of this year. Delta said its fuel bill in 2018 would be $2 billion higher than last year.

...

From Bastian...
"a reduction of 50-100 bps of underperforming capacity from our fall schedule"

I wonder how this will affect hiring.

Well my DFW ro NYC commute just got harder.

What’s bps?

basis point, so 1% = 100 bps. So, a reduction of .5-1% of flying.

Highest revenue in Delta’s history.

From what I'm hearing it's highly like DFW-LGA will be up-gauged to A220 from RJs

It was later clarified that this is an adjustment of 50-100 bps down from the expected growth of 125-150 bps. So look at a very modest growth to flat YoY in the second half.

Sounds like so far strong demand is keeping pace by supporting higher revenues to partially offset the higher fuel prices.

Fuel prices are being driven higher for political reasons, they will dump after the Nov election.

Is this driven by the Illuminati or the Freemasons?


Sent from my iPhone using Tapatalk

Which Nov election? ;)

Rothschilds and Bilderberg. 😄

The Pentaverate of course!
https://youtu.be/FveBzGMD6zw

muh Russia

Some people just can’t turn off Fox News

You could just cut out the word Fox. 24 hour "news" channels are more entertainment than news....all of them.

Anyway, I thought I read somewhere that said were now only projecting 3% growth instead of 4%.

The sky is literally falling, no one should bid widebodies or captain slots, especially if you are senior. Hold on to what you have people, too risky

muh Iran, the entire run up is due to the market not believing the Suadi's can absorb their capacity.

That's part of it, but a larger part IMO is the OPEC cartel's long standing war on our domestic production. They know they can't stop us, but they can and they do try to slow us by crashing prices by dumping capacity to cause us to pull back and then tighten up to absorb high prices and transfer lots of wealth from us to them until the next cycle. Wash rinse repeat.

Its a war they can't win, but they'll take some victories in battles here or there to buy them some time.

this^^^^^^^^^^

In the past yes, but this cycle is due to impending sanctions, which, after Congress flips, will be off the table.



https://www.theguardian.com/world/20...-rouhani-trump

The Saudi's need to pump 12.5m/bbl, when their record is 10.7m.

So you’re saying it’s going to be like this at least for another 10 years. If only those “Democratic” Socialists would take over!! They’d straighten them out!!

Time to empty ANWR.

The polar bears don't need oil underneath them.

And in the winter they like the heat radiating off the evil pipeline!

Actually right now the A319 is doing the DFW-LGA. I did it just two or three weeks ago.

So if the Eh220 does it then capacity is cut 17%, jumpseats cut 50% and pilot pay cut 5%.

But the Canadian homers not employed at this airline are giddy. Or they were until the name changed this week.

It is not a paycut. Sorry. It just isn't.

That isn't how math works. Just because you did it once doesn't mean every leg is an Airbus.

I took 15 seconds to look, and today, 5 of 7 flights are RJs. So, according to your backwards math, if they do replace the RJs, that's a 31% increase in seats, nearly a 100% increase on 5 daily flights and 5-10 additional Jumpseats.

S19 we will have 4 INC flights how many will KE have?

The Hapsburg’s are secretly planning a resurgence.

2 are 319s are they not?

A 319 to 220 is a pay cut. Not to mention a 319 pilot also gets to fly 321 so there is more money for that pilot to make in general. But 220 rates are not above 319/320.

Imho I wish we had acquired 319neos. Probably would have been here by now. But oh well.

Oh, OK. I didn't know that when a route changed airplanes that the pilots had to stay om that route and fly whatever airplane now does it.. In that case you ate 100% correct. But please simplify it for me. Which pilots took a paycut again?

You should be out there with yuge banners promoting longevity pay

Right through the heart, no mercy.:D

I'm saying we would have been better ordering 75 of the higher paying jet. Especially for the commuters, it can carry 2 extra butts.

But to go down your tangent, if you pull 777 out of nyc (example) and replace it with 330 is that not a pay cut for those pilots?

And I dont mind holding your LGBP banner with you but I'm pretty sure random people will just stop and say "I am so proud of you guys!"

Only if they bid the 330. and it was not my tangent. You are making a ridiculous argument. So let me ask you this then: When the ALV is reduced, is that a paycut?

75 higher paying jets for near the same capacity. That's my argument.

Most of the C series jets are earmarked as RJ replacements. A321’s and 737’s are the mad dog replacements. Seems like the pay goes up everywhere.

Don’t let a Hapsburg give you any lip. :p

Still doesn't make it a paycut, and WE (pilots) do not order jets.

That's a weak argument as well. At best it is extremely short sighted.