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Old 04-15-2021, 06:39 AM
  #31  
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Estimating positive cash flow in june. Return to profitability in September-if the booking trend continues.
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Old 04-15-2021, 06:39 AM
  #32  
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I'm not an expert or even an amateur at reading financial releases. Did I read that they already paid down their loan that they used the gates and slots to underwrite?
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Old 04-15-2021, 07:03 AM
  #33  
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Originally Posted by CBreezy View Post
I'm not an expert or even an amateur at reading financial releases. Did I read that they already paid down their loan that they used the gates and slots to underwrite?

Payment coming very soon, within the week. It will be accounted for in Q2. Retiring approximately $10B in debt. Final pension payments will also free up $1B per year starting 2022. 2022 profit i.e. February 2023 PS check will be biggly yuuuuuuuge (my prediction) given structural cost efficiencies and reduced expenses like interest, retirement, lack of financed new fleet etc.
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Old 04-15-2021, 07:10 AM
  #34  
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Originally Posted by notEnuf View Post
Payment coming very soon, within the week. It will be accounted for in Q2. Retiring approximately $10B in debt. Final pension payments will also free up $1B per year starting 2022. 2022 profit i.e. February 2023 PS check will be biggly yuuuuuuuge (my prediction) given structural cost efficiencies and reduced expenses like interest, retirement, lack of financed new fleet etc.
Start filling up the Full Service Bank for ‘22.
Im hoping the 2023 PS check is reduced by the big cost of the shiny new pilot contract. [fingers crossed emoji]
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Old 04-15-2021, 07:18 AM
  #35  
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Originally Posted by Planetrain View Post
Start filling up the Full Service Bank for ‘22.
Im hoping the 2023 PS check is reduced by the big cost of the shiny new pilot contract. [fingers crossed emoji]
Not if it comes as a trade for PS, but yes.
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Old 04-15-2021, 07:21 AM
  #36  
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Originally Posted by notEnuf View Post
Not if it comes as a trade for PS, but yes.
Don’t ever utter these words!!!
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Old 04-15-2021, 07:58 AM
  #37  
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Originally Posted by notEnuf View Post
Yes, DAL $4M positive a day includes $4M per day in debt service.
It does appear though that the effects of early out programs is excluded though. $1.6M per day averaged over the quarter.

Still means positive cash for March though.
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Old 04-15-2021, 08:19 AM
  #38  
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Top of page 2, June Quarter 2021 Outlook, note 3 regarding adjusted net debt of $19B:

“Includes estimated PSP3 funds of ~$2.7 billion expected to be received in the June quarter 2021”
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Old 04-15-2021, 08:38 AM
  #39  
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Basically things aren't horrible, but things aren't great either.
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Old 04-15-2021, 08:48 AM
  #40  
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Originally Posted by notEnuf View Post
I don't have the details but management is going to propose a complete rewrite of SCOPE and ownership rights in he PWA.
Ah yes. The “global solution.” Can’t wait to see this gem. Bye bye widebodies!!
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