Q3 (gonna be ugly)
10-06-2020, 06:28 AM
#1
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Q3 (gonna be ugly)
September quarter 2020 financial results at 10 a.m. ET, Tue., Oct. 13, 2020.
https://news.delta.com/delta-air-lin...ancial-results
We will see the fleet expense, the early out expense and anything else that can throw in.
https://news.delta.com/delta-air-lin...ancial-results
We will see the fleet expense, the early out expense and anything else that can throw in.
10-06-2020, 06:55 AM
#2
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Will be the worse in the history of aviation for sure. Similar to the “airing of the grievances” at Christmas. Just letting it all out in the hopes of a fresh start for the new year. The financial situation will improve substantially in 4Q2020.
10-06-2020, 07:16 AM
#3
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Posts: 1,538
Originally Posted by mikea72580
Will be the worse in the history of aviation for sure. Similar to the “airing of the grievances” at Christmas. Just letting it all out in the hopes of a fresh start for the new year. The financial situation will improve substantially in 4Q2020.
Festivus for the rest of us.
10-06-2020, 07:45 AM
#4
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Position: Widget Jet
Posts: 765
It will be ugly. All of the programs (VEOP) and write downs were done in the 3rd QTR for a reason. There were a lot of non-cash accounting write downs like the depreciation of the future aircraft retirements. All done purposely to pile it into an abhorrent 3QTR. Then a recovery will hopefully begin in 4QTR. Emperoress Pelosi said relief was going to happen for the airlines. If that’s the case, good news for Delta’s bean counters... and continued uncertainty for the possible furloughs. But at least some will be able to take leaves w/ conflict (if the LOA passes) and get long term mil leave w/out penalty. The possible furloughs will at least be getting paychecks well past their realistic furlough dates if there was no C1 or C2. Even though the uncertainty stinks and I wish it wouldn’t happen, it’s nice to have the paychecks when w/out, they would’ve been on the street for months.
10-06-2020, 08:10 AM
#5
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Joined APC: Mar 2015
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Originally Posted by Tailhookah
It will be ugly. All of the programs (VEOP) and write downs were done in the 3rd QTR for a reason. There were a lot of non-cash accounting write downs like the depreciation of the future aircraft retirements. All done purposely to pile it into an abhorrent 3QTR. Then a recovery will hopefully begin in 4QTR. Emperoress Pelosi said relief was going to happen for the airlines. If that’s the case, good news for Delta’s bean counters... and continued uncertainty for the possible furloughs. But at least some will be able to take leaves w/ conflict (if the LOA passes) and get long term mil leave w/out penalty. The possible furloughs will at least be getting paychecks well past their realistic furlough dates if there was no C1 or C2. Even though the uncertainty stinks and I wish it wouldn’t happen, it’s nice to have the paychecks when w/out, they would’ve been on the street for months.
Gubmint cheese!
10-06-2020, 08:14 AM
#6
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Position: Widget Jet
Posts: 765
Originally Posted by notEnuf
Are you applauding socialism? Gubmint cheese!
Gubmint cheese!
10-06-2020, 01:06 PM
#10
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Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,599
Originally Posted by sailingfun
I wondered the same. AA just announced a large pull down on flights stating bookings were bad for the 4Q and a holiday bump is not happening.
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