notEnuf

Delta Air Lines to Present at the Bernstein Strategic Decisions Conference
May 25, 2022
ATLANTA, May 25, 2022 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) will present at the Bernstein Strategic Decisions Conference at 9:00 a.m. ET on Wednesday, June 1, 2022.

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com. (PRNewsFoto/Delta Air Lines)

https://www.prnewswire.com/news-rele...301552317.html

crazyjaydawg

Probably a lot on sustainability and talk of fuel prices/mitigating them. They will also talk to managing a surge in revenge travel while managing risks associated with a probable recession.

I doubt there will be much acknowledgment of their staffing woes and how Delta is still down on ASMs ~15% while every other airline in the country is single digit down or up compared to 2019.

JamesBond

But at least we are socially conscious

notEnuf

9am (worldport time) tomorrow...

https://kvgo.com/bernstein-2022-38th...air-lines-june

gonna have some splain'n to do

Trip7

https://seekingalpha.com/news/384433...y_to_clipboard

Looks like operational difficulties are not affecting the Delta financial machine much. 2019 Revenue fully restored although CASM up 22% mainly due to fuel prices. Still expecting margins in the top end of guidance of 13-14% even with a 2% capacity cut. Color me surprised. Pretty good numbers considering the enterprise went thru hell over the past two years with bankruptcy on the table without Govt help.

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notEnuf

Here's todays investor update.

https://www.sec.gov/Archives/edgar/d...lta_ex9901.htm

notEnuf

The past weekends poor performance was completely glossed over because financially we are ahead of 2019 on revenue fully recovered and fuel increases paid in real time on 82% of capacity. Constraining capacity going forward as the operations recover from the training backlog will net us a nice revenue bump. The remaining capacity available will only increase efficiencies as scale effects take hold.

Trip7

I noticed that too. Looks like investors are focused on the long term trends and see recent operational issues as growing pains while management rebuilds the operation. I must say, to post these kind of numbers with the operation not even close to be fully restored shows the level of pent up demand that's out there. People are cutting back on the home projects etc and deciding to travel, high prices be damned

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crazyjaydawg

CASM-ex is up 20-22%. Pretty hard for that to be mostly fuel costs when it excludes fuel costs.

The reason for that is because fixed costs have to be spread across fewer ASMs now that we’re only flying 83% ASMs compared to 2019. It also tells me that everyone else is getting paid. Time to pay the pilots.

The fact that revenue is ~100% on 83% capacity tells me that PRASM is ~120% compared to 2019. $100 mil socked away for profit sharing on the quarter and expected margins in the 13%-14% range is also positive.

Like I’ve been saying the last couple of weeks, if we had capacity recovered even close to United or AA levels, CASM would be significantly lower and we could easily be seeing margins of 16%+ and capturing incredible earnings with the demand pressure as strong as it is.

The leadership team dropped the ball at just about every step of this recovery and I’m hugely disappointed with where this company is at.

JustNarced

Holy smokes, knocked that one out of the park. Who would have guessed