Delays again
#52
#53
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,868
I think the word minting is bothering you. Ignore it.
Delta is cashflow positive with middle seats blocked. That's a pretty incredible accomplishment in the current environment. Delta is beating AA while handicapped, will be interesting to see how our cashflow numbers compare against UAL
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Delta is cashflow positive with middle seats blocked. That's a pretty incredible accomplishment in the current environment. Delta is beating AA while handicapped, will be interesting to see how our cashflow numbers compare against UAL
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Our management is doing this to differentiate us from our competition so I wouldn't call it a handicap - why would we intentionally handicap ourselves? Perhaps look at it as a long term investment in our brand. Originally it was put in place when flights were mostly empty and it may cost some now, but hopefully when the world stops being crazy it will pay benefits.
Scoop
#54
Our management is doing this to differentiate us from our competition so I wouldn't call it a handicap - why would we intentionally handicap ourselves? Perhaps look at it as a long term investment in our brand. Originally it was put in place when flights were mostly empty and it may cost some now, but hopefully when the world stops being crazy it will pay benefits.
Scoop
Scoop
"Thanks to the incredible efforts of our people, we achieved positive daily cash generation in the month of March, a remarkable accomplishment considering our middle seat block and the low level of demand for business and international travel. " (Ed Bastian)
"Recent demand trends are encouraging with rising confidence in air travel as vaccination rates improve and travel restrictions ease, with current domestic leisure bookings 85% recovered to 2019 levels," said Glen Hauenstein, Delta's president. "In the June quarter, we expect significant sequential improvement in revenue as leisure demand accelerates into the peak summer period and we add capacity efficiently with the removal of our seat block May 1 with revenues recovering to 45 to 50 percent of 2019."
"Corporate demand declined 80 percent versus the March quarter 2019. The corporate recovery showed signs of improvement during the quarter with March volumes improving relative to February at a rate twice the normal seasonal growth between the two months."
" At the end of the March quarter, the company had total debt and finance lease obligations of $29.0 billion with adjusted net debt of $19.1 billion, $8.6 billion higher than December 2019. The company's total debt had a weighted average interest rate of 4.5 percent at March quarter-end. During the quarter, the company prepaid its $1.5 billion slots, gates and routes term loan. By the end of the June quarter, total debt repaid and pension funding since the end of September quarter 2020 is expected to total nearly $10 billion."
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#55
Blocking the middle seat is arguably what is allowing us to beat AA... not sure it’s a handicap, but of course it’s complicated. People have been paying significant premiums to have that empty seat next to them in SPITE of our lacking service and horrendous holiday performance.
I talked to one passenger who prefers our comfort plus with a blocked middle seat over our first class. I trust we’ll get service back in line and hopefully fix our reliability pronto, but if we don’t and also don’t have breathing room to offer in coach I think we’ll be in a world of hurt.
I talked to one passenger who prefers our comfort plus with a blocked middle seat over our first class. I trust we’ll get service back in line and hopefully fix our reliability pronto, but if we don’t and also don’t have breathing room to offer in coach I think we’ll be in a world of hurt.
#56
Gets Weekends Off
Joined APC: Mar 2020
Posts: 140
Yes. Majority of premium is likely due to non flying activity such as the Amex partnership and the MRO.
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