Skyrocketing Jet Fuel Costs and Possible Shor
10-01-2022, 07:05 AM
#61
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by Trip7
I admit I was off on the prices this summer. Lots of factors in play, including Biden bleeding off the SPR to buy mid-term votes. Just give it alittlw while longer, Oil prices are going well north of $100 for the foreseeable future
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nice job
The SPR has no real impact on supply.
Last edited by notEnuf; 10-01-2022 at 07:16 AM.
10-01-2022, 12:47 PM
#65
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Joined APC: Apr 2009
Position: Middle Seat
Posts: 1,202
Originally Posted by Trip7
Interestingly enough, jet fuel has not fallen nearly as much as Oil prices
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The crack spread is still way too large. It will continue to moderate downward and we all know that Delta -and to a lesser extend the other majors- all pay much better than retail and significantly better than the spread would indicate.
If they include the dollar amount in the Q3 results, I would expect to see a very reasonable number for average jet fuel cost.
10-01-2022, 02:46 PM
#66
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by Red Forman
Why is he bleeding the SPR dry?
https://www.energy.gov/sites/prod/fi...0Exchanges.pdf
10-03-2022, 03:42 AM
#67
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Joined APC: Jan 2008
Position: Pilot
Posts: 2,625
Originally Posted by notEnuf
it can literally be for any reason and has been. Price control has never been an effective result.
https://www.energy.gov/sites/prod/fi...0Exchanges.pdf
https://www.energy.gov/sites/prod/fi...0Exchanges.pdf
12-07-2022, 05:42 PM
#68
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Joined APC: Apr 2009
Position: Middle Seat
Posts: 1,202
Brent is in the mid $70s today, wow!
That would be like $59/bbl in 2015 dollars.
I’m guessing Q4 is really looking up on the balance sheet, gotta lock in* mediocre pay raises before we realize how big that pie really is!
*OBTW, mediocre rates are “agreed to in principle” however we likely won’t see them on a pay check for 2+ more quarters.
That would be like $59/bbl in 2015 dollars.
I’m guessing Q4 is really looking up on the balance sheet, gotta lock in* mediocre pay raises before we realize how big that pie really is!
*OBTW, mediocre rates are “agreed to in principle” however we likely won’t see them on a pay check for 2+ more quarters.
12-07-2022, 09:19 PM
#70
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Joined APC: Apr 2009
Position: Middle Seat
Posts: 1,202
Originally Posted by Waggy122
You’re going to know Q4 results in mid Jan before the TA is even finalized soooo….
For the membership vote, yes. However, the Co. and negotiator have convinced the NC and 53% of the MEC that this was the last and best offer and we need to make it a TA.
It will be a consolation prize to get 10% PS with fuel at post pandemic lows and PRASM +35% compared to 2019. All while we don’t get any retro for half of 2023.
It’s a catch 22 for the line pilot because our NC couldn’t hold the line on retro. Vote no and future PWA is a big question mark. Vote yes and we let the company get months of 2023 at 2019 pay rates.
Smooth move Ex Lax.
