Delta to present at Cowen
08-29-2018 | 06:55 AM
#1
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Delta to present at Cowen
Delta Air Lines will present at Cowen and Company 11th Annual Global Transportation Conference at 8 a.m. EST on Wednesday, Sept. 5, 2018.
http://ir.delta.com/news-and-events/...e/default.aspx
http://ir.delta.com/news-and-events/...e/default.aspx
09-05-2018 | 12:40 PM
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09-05-2018 | 01:26 PM
#4
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From: Resting
Not a ton of info in this one:
1) This year was tougher than they thought. Will still make >5 Billion profit for the 5th year in a row.
2) They think next year will be better
3) Cap Ex was focused on infrastructure this year. 2019 Cap Ex will be focused on technology. (For the pax)
4) Still breaking records for performance and record pax carried.
5) Still espousing the virtues of stock buybacks and returns to shareholders. Plenty of talk about getting the stock price higher.
6) They accomplished a flat cost increase for second half of year, which was their goal. (Most divisions have felt these cost pressures in the face of billion dollar profits) Leadership is determined to cut and “drive efficiency” until margins expand.
1) This year was tougher than they thought. Will still make >5 Billion profit for the 5th year in a row.
2) They think next year will be better
3) Cap Ex was focused on infrastructure this year. 2019 Cap Ex will be focused on technology. (For the pax)
4) Still breaking records for performance and record pax carried.
5) Still espousing the virtues of stock buybacks and returns to shareholders. Plenty of talk about getting the stock price higher.
6) They accomplished a flat cost increase for second half of year, which was their goal. (Most divisions have felt these cost pressures in the face of billion dollar profits) Leadership is determined to cut and “drive efficiency” until margins expand.
09-05-2018 | 03:48 PM
#5
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From: Kickin’ Back
I'm curious as to what you think about profit sharing percentage for this year. I realize there is still another quarter to go but......all things being equal and the company profit does exceed $5 Billion......what is the likelihood we see 15% in profit sharing?
Denny
Denny
09-05-2018 | 04:15 PM
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I'm curious as to what you think about profit sharing percentage for this year. I realize there is still another quarter to go but......all things being equal and the company profit does exceed $5 Billion......what is the likelihood we see 15% in profit sharing?
Denny
Denny
Edit: Here is the 2017 data. You can draw some conclusions for 2018. I think however there were a bunch of special items including retro that drove the difference in announced profit of 5.5 billion to the 6.8 billion amount used for the actual calculation. I don’t think we will see that difference this year.
Delta Air Lines announced a pre-tax income of $5.5 billion for 2017, excluding special items, which equates to a total profit sharing income (the PWA-defined PTIX) of $6.8 billion and nearly $1.1 billion dollars in employee profit sharing expenses.
Last edited by sailingfun; 09-05-2018 at 04:44 PM.
09-06-2018 | 07:01 AM
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From: Captain
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