4Q & full year 2021 results

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12-30-2021 | 02:10 PM

notEnuf

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From: ir.delta.com

4Q & full year 2021 results

10 a.m. ET on Thursday, Jan. 13, 2022.

https://ir.delta.com/news/news-detai...s/default.aspx

12-30-2021 | 02:54 PM

Milk Man

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Quote:

Originally Posted by notEnuf

10 a.m. ET on Thursday, Jan. 13, 2022.

https://ir.delta.com/news/news-detai...s/default.aspx

Is this when we find out our little PS check might be?

12-30-2021 | 02:56 PM

Redbird611

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Quote:

Originally Posted by Milk Man

Is this when we find out our little PS check might be?

Pretty sure they've already said it'll be zero; 4Q profitable but not the year.

12-30-2021 | 03:36 PM

Der Meister

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From: 320A

Quote:

Originally Posted by Milk Man

Is this when we find out our little PS check might be?

Hope you like sad sandwiches and stale chips!

12-30-2021 | 03:42 PM

Milk Man

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Quote:

Originally Posted by Redbird611

Pretty sure they've already said it'll be zero; 4Q profitable but not the year.

Ah crap, thought they said it will be very little.

12-30-2021 | 03:55 PM

SOFA

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Quote:

Originally Posted by Redbird611

Pretty sure they've already said it'll be zero; 4Q profitable but not the year.

Isn’t it on a quarterly basis? I thought money was set aide into PS by the quarter per the contract. Regardless of annual performance, we should see the 3Q and 4Q profits in the PS payout. Not a lot but a couple of bills?

12-30-2021 | 04:26 PM

sailingfun

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Quote:

Originally Posted by SOFA

Profit sharing is based on Calendar year profits. The company for accounting reasons sets aside money on a quarterly basis. At the end of the year regardless of the set aside if there is not a yearly profit there is no profit sharing.

12-30-2021 | 04:26 PM

Iceberg

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Quote:

Originally Posted by SOFA

They would set aside quarterly during profitable years, but annual is the number that counts. This year we lost a lot in the first 2 quarters, so I don’t think the second half of the year made up the difference.

edit: beat to it

12-30-2021 | 05:31 PM

The new guy

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Excuse the naivety, but how do the JVs impact profit/loss calculations? The investments we have in foreign airlines will be losing investments for several years as international travel is suppressed.

12-30-2021 | 05:51 PM

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tennisguru

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Quote:

Originally Posted by The new guy

Excuse the naivety, but how do the JVs impact profit/loss calculations? The investments we have in foreign airlines will be losing investments for several years as international travel is suppressed.

JV's aren't about increasing the value of our buy-in investment. So if we paid 2 billion for our stake in LATAM, from a profit sharing perspective it's irrelevant that the value of LATAM goes up or down. JV's produce revenue ostensibly by growing passenger numbers due to the increased size of our joint Delta/Partner network. So someone in Mexico can travel partly on AeroMexico and partly on Delta and the companies split the revenue. I would also assume for the airlines that we have ownership stakes in that there would be some profits reaped if the partner airline as a whole makes money, but I'm not up on the complexities of those agreements.

There are and have been writeoffs/writedowns of previous investments but I don't think those have an effect on the profit sharing formula.