Delta-Massive Loses in Equity Investments
06-05-2020, 07:39 AM
#1
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Delta-Massive Loses in Equity Investments
Delta will most likely see their equity investments in LATAM and Virgin Atlantic wiped out in bankruptcy. $1.9 Billion and $360 Million, respectively. Virgin also owes Delta $200 Million as a result of a JV restructuring that they will most likely lose in bankruptcy.
https://www.forbes.com/sites/willhor.../#4c6cd70030d2
https://crankyflier.com/2020/06/02/d...t-cant-control
https://www.forbes.com/sites/willhor.../#4c6cd70030d2
https://crankyflier.com/2020/06/02/d...t-cant-control
06-05-2020, 07:43 AM
#2
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Originally Posted by mikea72580
Delta will most likely see their equity investments in LATAM and Virgin Atlantic wiped out in bankruptcy. $1.9 Billion and $360 Million, respectively. Virgin also owes Delta $200 Million as a result of a JV restructuring that they will most likely lose in bankruptcy.
https://www.forbes.com/sites/willhor.../#4c6cd70030d2
https://crankyflier.com/2020/06/02/d...t-cant-control
https://www.forbes.com/sites/willhor.../#4c6cd70030d2
https://crankyflier.com/2020/06/02/d...t-cant-control
06-05-2020, 08:11 AM
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Originally Posted by gloopy
True, but that money was lost either way. Had they not wasted it that way, they would have just lit it on fire with more burnbacks.
However, some quick bar napkin math.
1,900,000,000 / 2327 = $816,501.23 ...they could have just used that cash for something else - no? But who needs cash anyway. got to pump the EPS up for the much bonuses happy times.
06-05-2020, 08:16 AM
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Originally Posted by Drum
True.
However, some quick bar napkin math.
1,900,000,000 / 2327 = $816,501.23 ...they could have just used that cash for something else - no? But who needs cash anyway. got to pump the EPS up for the much bonuses happy times.
However, some quick bar napkin math.
1,900,000,000 / 2327 = $816,501.23 ...they could have just used that cash for something else - no? But who needs cash anyway. got to pump the EPS up for the much bonuses happy times.
Update: got fooled by one of those auto suggestive links on “napkin” to some galvanized steel napkin rings.
Last edited by CatDad; 06-05-2020 at 08:18 AM. Reason: UpdAte
06-05-2020, 08:21 AM
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Originally Posted by CatDad
Gotta say, those are some chic napkin rings. Just answer me this. Are you making commission?
Update: got fooled by one of those auto suggestive links on “napkin” to some galvanized steel napkin rings.
Update: got fooled by one of those auto suggestive links on “napkin” to some galvanized steel napkin rings.
06-05-2020, 08:42 AM
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I am willing to bet we won't just walk away from Virgin or LATAM or Aeromexico or any other JV+equity subsidiary. If anything this gives us an opportunity to help reshape these airlines in the Delta brand mold and as more cost efficient airlines they will become even more integral to the Delta conglomerate. If we get to break even by December 31 and still have $14B in cash we will be the debtor of first resort. There's a lot more restructuring going on than meets the eye. We, DALPA, need to quit looking at this through a soda straw. We will be a smaller airline doesn't mean we will be a smaller company.
06-05-2020, 08:54 AM
#7
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Originally Posted by notEnuf
I am willing to bet we won't just walk away from Virgin or LATAM or Aeromexico or any other JV+equity subsidiary. If anything this gives us an opportunity to help reshape these airlines in the Delta brand mold and as more cost efficient airlines they will become even more integral to the Delta conglomerate. If we get to break even by December 31 and still have $14B in cash we will be the debtor of first resort. There's a lot more restructuring going on than meets the eye. We, DALPA, need to quit looking at this through a soda straw. We will be a smaller airline doesn't mean we will be a smaller company.
06-05-2020, 08:56 AM
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Originally Posted by notEnuf
We will be a smaller airline doesn't mean we will be a smaller company.
Larger kompany = good for managment
I'm not management, are you?
06-05-2020, 09:02 AM
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Originally Posted by Drum
Smaller airline = bad for ALL employee groups
Larger kompany = good for managment
I'm not management, are you?
Larger kompany = good for managment
I'm not management, are you?
06-05-2020, 11:08 AM
#10
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Originally Posted by notEnuf
Our credit card alone brings revenue in the billions.
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