Delta vs SW AA UA
07-23-2020, 02:24 PM
#1
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Joined APC: Jan 2008
Position: 767-400
Posts: 797
Delta vs SW AA UA
We’ve been told Delta “is the best position airline in the industry to weather this storm...”We’ve been told that “we are the best airline to whether any economic downturn.“ call delta could cut costs faster than any other airline Apple cost of the system faster than any other light“
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
07-23-2020, 02:48 PM
#3
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Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by Coffeepilot1
I believe it has to do with JV write offs. All of our JV’s are bankrupt.
And even then its just a paper write off of speculative book value, albeit real cash we did light on fire, but we still have the JV's despite the "loss" of money we already flushed down the drain. Its not like we were going to pump and dump their stocks and flip for mad cash as soon as their 200 day moving averages hit the golden cross etc. Every penny we "lost" was already flushed and the JV's we got for that money are intact, right?
07-23-2020, 02:49 PM
#4
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Joined APC: Feb 2012
Posts: 739
Originally Posted by BigGuns
We’ve been told Delta “is the best position airline in the industry to weather this storm...”We’ve been told that “we are the best airline to whether any economic downturn.“ call delta could cut costs faster than any other airline Apple cost of the system faster than any other light“
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
Not sure if the others numbers are GAAP or adjusted.
07-23-2020, 02:51 PM
#5
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Joined APC: Dec 2007
Posts: 5,412
Delta included alot of non cash write offs and restructuring charges(777/M88 retirements). For a better idea of how business was run take a look at the Cash Flow statements
*edit
Just realized I added 6 month cash flows for UAL and AAL. Will update to 3 months
Sent from my SM-G988U using Tapatalk
*edit
Just realized I added 6 month cash flows for UAL and AAL. Will update to 3 months
Sent from my SM-G988U using Tapatalk
07-23-2020, 03:05 PM
#7
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Joined APC: Mar 2019
Position: Right seat of a big Boeing
Posts: 77
Originally Posted by gloopy
How are all ours BK and none of any of theirs are?
07-23-2020, 03:19 PM
#8
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Joined APC: Sep 2015
Position: 3+ hour sit in the ATL
Posts: 1,982
Originally Posted by BigGuns
We’ve been told Delta “is the best position airline in the industry to weather this storm...”We’ve been told that “we are the best airline to whether any economic downturn.“ call delta could cut costs faster than any other airline Apple cost of the system faster than any other light“
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
However now that appears not to be remotely true! According to CNBC the airline losses for the second quarter 2020 are as follows:
DL $5.7B
AA $2.1B
UA $1.6B
SW $915M
Delta lost more money that the other 3 combined!!!!
Could some one please explain why Delta’s loss is so much bigger in comparison???
They added capacity back faster than we did in q2. For us it was muh HVC's and all.
They had agreements with their labor group for voluntary pay reductions in the form of SILs and other paid leave options that we did not. Flight ops management ****ed away a good chance at saving more $$$ in there fixation on preventing FA unionization at all costs.
GAAP accounting
Perhaps a wash in q3. we'll see.
07-23-2020, 03:21 PM
#9
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Joined APC: Feb 2018
Posts: 377
You’d really think they would be doing anything and everything to save money instead of worrying about making non-unionized employees upset. Maybe they could follow the steps of the other companies who are losing less money and offer SILs to their pilots.
We didn’t put them in this situation. No concessions!
We didn’t put them in this situation. No concessions!
07-23-2020, 03:30 PM
#10
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Joined APC: Sep 2015
Position: 3+ hour sit in the ATL
Posts: 1,982
Originally Posted by Trip7
Delta included alot of non cash write offs and restructuring charges(777/M88 retirements). For a better idea of how business was run take a look at the Cash Flow statements
*edit
Just realized I added 6 month cash flows for UAL and AAL. Will update to 3 months
Sent from my SM-G988U using Tapatalk
*edit
Just realized I added 6 month cash flows for UAL and AAL. Will update to 3 months
Sent from my SM-G988U using Tapatalk
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