10-k 2020
02-13-2021, 07:05 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,027
10-k 2020
Filed on a Friday after business hours before a long weekend with no fanfare or mention on Deltanet. What a difference a year makes.
Dig in.
https://www.sec.gov/Archives/edgar/d...0003-index.htm
2019 10-k
https://www.sec.gov/Archives/edgar/d...0004-index.htm
Dig in.
https://www.sec.gov/Archives/edgar/d...0003-index.htm
2019 10-k
https://www.sec.gov/Archives/edgar/d...0004-index.htm
02-13-2021, 10:40 AM
#4
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,638
Long term debt went from $8.8B to $27.4B.
My big magnifying glass is on the line item “Restructuring Charges” at $8.2B (almost as much as total salary costs). $3.4B was related to voluntary separation programs (more charges this year and next to further pay VEOP?) and the $4B related to aircraft parking/retirements. Not sure what/why/how is being accounted for in this figure.
My big magnifying glass is on the line item “Restructuring Charges” at $8.2B (almost as much as total salary costs). $3.4B was related to voluntary separation programs (more charges this year and next to further pay VEOP?) and the $4B related to aircraft parking/retirements. Not sure what/why/how is being accounted for in this figure.
02-13-2021, 10:47 AM
#5
Gets Weekends Off
Thread Starter
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,027
Originally Posted by Planetrain
Long term debt went from $8.8B to $27.4B.
My big magnifying glass is on the line item “Restructuring Charges” at $8.2B (almost as much as total salary costs). $3.4B was related to voluntary separation programs (more charges this year and next to further pay VEOP?) and the $4B related to aircraft parking/retirements. Not sure what/why/how is being accounted for in this figure.
My big magnifying glass is on the line item “Restructuring Charges” at $8.2B (almost as much as total salary costs). $3.4B was related to voluntary separation programs (more charges this year and next to further pay VEOP?) and the $4B related to aircraft parking/retirements. Not sure what/why/how is being accounted for in this figure.
side note: this is why all my investments are now in tax advantaged accounts. With the MCBP that will only increase. I'm drooling just thinking of the wealth growth I could have with 20 years unencumbered by paying taxes.
Last edited by notEnuf; 02-13-2021 at 11:03 AM.
02-13-2021, 08:28 PM
#6
Gets Weekends Off
Joined APC: Apr 2014
Position: Widget Jet
Posts: 765
We are well positioned to kill it going forward. Covid will be looked at similar to a BK filing when looking back in 5 years or so without the stink that BK has on the company. We’ve trimmed a lot of fat and restructured the entire supply chain. Fleets are simplified and cash is cheap.
It won’t take much to see a profit and when things return to the new normal we are going to be happy with our PS checks once again.
It won’t be long to see it happen...
It won’t take much to see a profit and when things return to the new normal we are going to be happy with our PS checks once again.
It won’t be long to see it happen...
02-13-2021, 09:36 PM
#7
Gets Weekends Off
Joined APC: Feb 2020
Posts: 734
Originally Posted by Tailhookah
We are well positioned to kill it going forward. Covid will be looked at similar to a BK filing when looking back in 5 years or so without the stink that BK has on the company. We’ve trimmed a lot of fat and restructured the entire supply chain. Fleets are simplified and cash is cheap.
It won’t take much to see a profit and when things return to the new normal we are going to be happy with our PS checks once again.
It won’t be long to see it happen...
It won’t take much to see a profit and when things return to the new normal we are going to be happy with our PS checks once again.
It won’t be long to see it happen...
A5S
02-14-2021, 04:48 AM
#9
Gets Weekends Off
Joined APC: Jun 2019
Position: Currently freeloading
Posts: 522
Originally Posted by All 5 Stages
Now is the time to negotiate better Profit Sharing base salaries and work rules so we can reap the benefits when we earn them, not a year later, dependant on managerial decision making.
Filler.
02-14-2021, 06:11 AM
#10
Super Moderator
Joined APC: Jul 2006
Posts: 5,549
I understand what A5S is getting at, I don't think the company is so short-sighted to think PS won't be back, like they were when they originally negotiated PS. I love me some PS check, but I haven't thought much about not having it this year. It's a nice bonus, but I certainly don't plan on it. Keep it as is, and negotiate something else. Something tells me they're going to have a training issue soon...work with that. I'd be interested in some permanent gains in the work rules, for some temporary (as in a sunset) relief wrt training. I expect our new leader take advantage of the situation and get us some good, long-term gains. This time with some SET DATES of implementation and consequences if not met.
Thread
Thread Starter
Forum
Replies
Last Post
