Q1 call
#1
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
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Q1 call
Delta Air Lines 1Q 2024 Earnings Webcast
April 10, 2024 10:00 AM ET
https://ir.delta.com/events-and-pres...t/default.aspx
#2
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Position: stake holder ir.delta.com
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https://www.sec.gov/Archives/edgar/data/27904/000168316824002249/delta_ex9901.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000027904/000168316824002249/delta_8k.htm
$53M more in PS allocation for Q1 compared to last year. $125M
Q2 is forecast to be our highest revenue quarter ever.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000027904/000168316824002249/delta_8k.htm
$53M more in PS allocation for Q1 compared to last year. $125M
Q2 is forecast to be our highest revenue quarter ever.
Last edited by notEnuf; 04-10-2024 at 06:13 AM.
#3
https://www.sec.gov/Archives/edgar/data/27904/000168316824002249/delta_ex9901.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000027904/000168316824002249/delta_8k.htm
$53M more in PS allocation for Q1 compared to last year. $125M
Q2 is forecast to be our highest revenue quarter ever.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000027904/000168316824002249/delta_8k.htm
$53M more in PS allocation for Q1 compared to last year. $125M
Q2 is forecast to be our highest revenue quarter ever.
Highlights:
Corporate travel is increasing rapidly, especially from the sectors that said they were going to be WFH forever (think Tech).
Premium ticket purchases remain robust.
International travel bookings are outpacing expectations for Q2 and Q3.
Still holding full-year guidance on EPS of $6-$7. This is mostly due to higher crude (Brent now trading above $90).
----
IMHO, giving themselves plenty of room to earn another beat come end of year.
#5
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#6
It's a slippery figure listening to managment. Said 15B was the goal by 2025. But then they say "net debt", so minus out cash and investments. Do we include operating leases like on the 717? Our pension obligations? The more I look at our numbers, the more I realize there's not a lot of seperation between our financials and say UA's. From an enterprise perspective, not talking about profit sharing.
#7
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Joined APC: Apr 2018
Posts: 2,987
It's a slippery figure listening to managment. Said 15B was the goal by 2025. But then they say "net debt", so minus out cash and investments. Do we include operating leases like on the 717? Our pension obligations? The more I look at our numbers, the more I realize there's not a lot of seperation between our financials and say UA's. From an enterprise perspective, not talking about profit sharing.
Book value for United is somewhere around 30 billion, delta is 57 billion. Trading at market caps of 18 billion and 32 billion respectively.
#8
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Posts: 769
Yeah it's hard to get a good read on the debt. I'm not sure when they have to refinance it either, as rates are much higher now. Market cap wise though Delta is worth almost twice as much as UA. Which is interesting because Delta is trading at 6.15 times earnings and United is about 6.4...which is absurdly low compared to other industries and the s&p as a whole.
Book value for United is somewhere around 30 billion, delta is 57 billion. Trading at market caps of 18 billion and 32 billion respectively.
Book value for United is somewhere around 30 billion, delta is 57 billion. Trading at market caps of 18 billion and 32 billion respectively.
#9
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Joined APC: Apr 2018
Posts: 2,987
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