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Old 01-07-2021, 08:47 AM   #1  
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Default Q4 call

Q4 and 2020 year end call January 14 10am.

https://ir.delta.com/events-and-pres...-/default.aspx
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Old 01-16-2021, 05:53 AM   #2  
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Iím kind of surprised this wasnít talked about yet.

Results were pretty much in line with consensus. I would say that the interesting takeaway is still having a forecast of cash burn through Q1.
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Old 01-16-2021, 06:25 AM   #3  
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Iím kind of surprised this wasnít talked about yet.

Results were pretty much in line with consensus. I would say that the interesting takeaway is still having a forecast of cash burn through Q1.
They have been telegraphing the numbers that matter. Everything seems in line with the 8K released at the announcement. The real details are coming in the 10K. I'm curious how much was lost on foreign subsidiaries that went bankrupt.
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Old 01-16-2021, 09:53 AM   #4  
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They have been telegraphing the numbers that matter. Everything seems in line with the 8K released at the announcement. The real details are coming in the 10K. I'm curious how much was lost on foreign subsidiaries that went bankrupt.

How many have gone BK? LATAM is the only one Iím aware of. And I havenít heard that we lost any of our investment. As long as they remain viable, I would imagine they are going to need us during the recovery. And they probably still want us to take the remaining A350ís so theyíll need to play nice.
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Old 01-16-2021, 09:56 AM   #5  
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How many have gone BK? LATAM is the only one Iím aware of. And I havenít heard that we lost any of our investment. As long as they remain viable, I would imagine they are going to need us during the recovery. And they probably still want us to take the remaining A350ís so theyíll need to play nice.

LATAM and AeroMexico on this side of the ocean.

Virgin Atlantic went into the UK version called ďadministrationĒ Iím not up to snuf on how the Brits do it, but my understanding is Delta had to dump money into VS just keep a seat at the table.

Edit: Virgin also filed bankruptcy in the US in August to protect its US assets and deal with creditors on this side of the pond.
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Old 01-16-2021, 10:04 AM   #6  
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LATAM and AeroMexico on this side of the ocean.

Virgin Atlantic went into the UK version called ďadministrationĒ Iím not up to snuf on how the Brits do it, but my understanding is Delta had to dump money into VS just keep a seat at the table.

Edit: Virgin also filed bankruptcy in the US in August to protect its US assets and deal with creditors on this side of the pond.
Thanks, I didnít realize it went that deep. (Thatís what she said)
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Old 01-17-2021, 09:10 AM   #8  
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After scanning through those articles, it makes me realize how bad things could have been had the Government not helped. Things could have been worse than the first few years after 9/11.
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Old 01-18-2021, 08:03 AM   #9  
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It would have been better if they hadn't overreacted to begin with....you'll see soon enough.

This was totally self induced. Now ,not only is a huge segment of our total economy a wasteland, but people like you thank the .gov for salvation in Oliver Twist-ish fashion. We are truly on the road to serfdom.
Eric Hoffer was famous for the quote "what starts out here as a mass movement ends up as a racket, a cult, or a corporation."

The Covid response has elements of all three.

Lots of time, money, and energy is heavily invested in "big-COVID" right now, and I don't see it going away anytime soon. Despite literally trillions of dollars of damage done to the global economy, so many people are invested in "their" take on Covid, it's gone well beyond rational analysis and measured responses.
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Old 01-18-2021, 08:42 AM   #10  
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That's a fairly accurate analysis.

Sent from my SM-G965U1 using Tapatalk
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