April Adjustment Entitlement (AE)

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04-02-2020, 12:48 PM

#31

Buck Rogers

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Joined APC: Apr 2018

Posts: 3,191

Quote:

Originally Posted by 53x11

Something like that would have to be approved by the BOD.

Thanks, understand there are lots of stipulations. Just curious if the $$ numbers are correct

04-02-2020, 12:49 PM

#32

JamesBond

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Joined APC: May 2015

Position: A350 Both

Posts: 7,292

Quote:

Originally Posted by Gone Flying

to compare to AA they will be retiring immediately
all 9 of their A330-300s (keeping the -200s)
their original 76 737-800s from pre 9/11
all 20 of their E190s
all of their 757/767s

this takes them from 7 pilot groups to 5 (777,787,330,320,737) and 4 pay groups to 2. 1 of those groups will have a whopping 15 airplanes

I wonder if DL will use this time to streamline the fleet like AA did

Will they be predominantly WB or NB? Which fleet will only have 15 airplanes?

04-02-2020, 12:54 PM

#33

53x11

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Joined APC: Sep 2015

Posts: 438

Quote:

Originally Posted by Buck Rogers

Thanks, understand there are lots of stipulations. Just curious if the $$ numbers are correct

That Shiite will make a head spin.

04-02-2020, 12:55 PM

#34

JamesBond

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Joined APC: May 2015

Position: A350 Both

Posts: 7,292

Quote:

Originally Posted by Buck Rogers

I'm not a finance guy, but I have a real question. If the Delta shares outstanding is roughly 650M and Delt stock sells for $20/share, could somebody buy 51% of those shares for about 6.5 B $$, then vote to liquidate the company cause they have controlling intrest? They spend 6.5B for 15B cash and all the assets? Other than legal ramifications, is that correct?

You think Blue Horsehoe loves Delta Air Lines? First of all, if word got out that somebody was buying 325,000,001 shares, the price wouldn't be $20. Unless it was done with management concurrence and kept quiet... as in BRK. And that wouldn't bother me one little bit.

04-02-2020, 01:01 PM

#35

Dobbs18

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Joined APC: Jun 2014

Posts: 589

Quote:

Originally Posted by JamesBond

Will they be predominantly WB or NB? Which fleet will only have 15 airplanes?

the fleet with only 15 airplanes will be the 330-200, currently only based in PHL and CLT. Of course we will be predominantly NB just like every other US airline. We will be left with two pay groups though, NB 737-800 and 319, 320, 321: and then 777-200, 777-300, 787-9, 787-8, and 330-200. I don't know what the exact fleet counts of those will be when all is said and done though bc there are alot of moving parts....ie. 737max's on hold, 321NEOs coming online, retiring old Airbuses, and taking 787 deliveries...but at the end of the day we at AA will have 5 aircraft types for our pilots...

04-02-2020, 01:12 PM

#36

Gone Flying

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Joined APC: Sep 2015

Position: UNA

Posts: 4,418

Quote:

Originally Posted by JamesBond

Will they be predominantly WB or NB? Which fleet will only have 15 airplanes?

I had fleet counts for all parked groups except 757/767 (I think 34/18)

A330-200 will have 15 A/C
777- 67 A/C
787-50 ish A/C now with a total of 89 after all deliveries ( assuming they take them
hundreds of 737s and 320 series each left in the fleet

04-02-2020, 01:21 PM

#37

sailingfun

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Joined APC: Feb 2008

Posts: 19,273

Quote:

Originally Posted by Buck Rogers

Congratulations! You are qualified as a corporate raider!

04-02-2020, 01:26 PM

#38

FL370esq

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Joined APC: Jun 2015

Posts: 3,117

Quote:

Originally Posted by Denny Crane

....I couldn’t remember where it was.

Denny

I think that is a symptom....😁

Stay healthy my friend!

04-02-2020, 01:44 PM

#39

notEnuf

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Joined APC: Mar 2015

Position: stake holder ir.delta.com

Posts: 10,033

Quote:

Originally Posted by Buck Rogers

That’s how it’s done, find a company heavy on cash and assets and undervalued stock. Gather the necessary capital to buy a majority share (sometime with sources of money that are available after the completion through the company being purchased) and sell the assets, settle all the accounts and keep the cash. Sometimes it is done without the company even being in distress, the stock price just happens to be below book value due to investor sentiment from an unforeseen event or source like publicizing the opinion of a prominent investor or analyst or rating agency.