Have you flown with the gold guy as well? Wants to buy a house in Pensacola with one gold coin

 

Did he shove you when you called him a d!ckhead?

 

This just in: "Delta Air Lines says it will likely post a loss for the second quarter. Delta lost money on fuel hedges in May and June, which pushed its fuel costs for the quarter to $3.37 per gallon." Record profits indeed! BTW: I'm not predicting doom and gloom, I'm just hedging against it. Additionally, nearly everything in that last “doom and gloom” statement has already occurred. No “foolish” predictions are necessary. If you choose to ignore them, it is your prerogative. Oh, and one more thing: Most of what is happening in the world today is unprecedented. It’s not as benign and simple as you put it, “That is always crap going on and if you want to focus on that you can, but the fact is that the sky is not falling. What you wrote about the future boils down to foolishness really...” I’m glad you can sit back and relax without a care while the World is on fire. I truly hope that works out for ya.

 

So the world economy is crashing, delta is posting a loss, and yet, I'm being told to vote yes for this TA because we're going to grow mainline anywhere from 70 to 110 jets!

Even with DCI 450/325, that's a huge jump in ASMs.

 

How about this, it looks as if the company is losing money. That's probably our fault like anything else, we cost a lot of money. I mean this contract now is going to cost the company $1B or something.

How about instead of driving this company into the ground by trying to hit a grand slam 19% raise over 3 years we instead focus on hitting a single?

How about 4% YOY as we have been doing and the company must sunset every DCI contract. By 2022, DCI will be gone. We will take care of Alaska and Republic the next go around?

So how about that? 4% YOY for the next 3 years with sunset clauses? 12% vs 19%, sunset vs significant increase in jumbo RJs?

Oh, and work rules that increase staffing instead of decrease it. That way we can get some movement coupled with retirements so that your pay raises come from moving on up like Weezy. And decrease the PBS staffing formula to be based of 50 hours for reserve pilots instead of 60.

Oh, wait, let me write this as if I was writing a NNP and overuse the word "significant":

Maybe, we should reconsider the raises and just focus on hitting singles in raises and focus on movement instead of significant raises. Like significantly reducing how much is outsourced both to RJs and Alaska, and significantly increasing work rules that facilitate a significant increase in pilots and not a significant decrease in pilots.

 

The second largest U.S. airline Delta Air Lines Inc. (DAL) expects second quarter unit revenue (or revenue per available seat miles) to grow 8% year over year thanks to the growing business travel demand and flight expansion in the New York market. The addition of novel features to its services as well as introduction of new products is also expected to boost revenue.
Due to the drop in fuel prices, the company foresees $155 million loss from fuel hedging strategies in the second quarter. Delta Air Lines was 70% hedged for the second quarter at a jet fuel price of $3.05–$3.40 per gallon using collars and call spreads. As a result, the company expects to record operating loss in the quarter with negative 1% margin after accounting for the hedges and other special charges.
However, on a non-GAAP basis, the company still expects operating margin in the range of 8–10% and consolidated unit cost, excluding fuel, to grow 3-4% year over year. Additionally, the company expects both domestic and international flying to decline 1–2% year over year.
Now, the company estimates fuel price of $3.37 per gallon for the ongoing quarter, up from the previous forecast of $3.28 per gallon attributable to hedge losses that were settled in May and June.
For the second quarter, the Zacks Consensus Estimate for Delta remains unchanged at 80 cents over the last 7 days but fell by a penny in the last 30 days. The estimate represents a massive growth of 84.88% from the year-ago quarter.
Further, Delta Air Lines, which competes strongly with United Continental Holdings Inc. (UAL) and Southwest Airlines Co. (LUV), continues to have a healthy balance sheet. The company expects to exit the quarter with $5.3 billion in unrestricted liquidity including $3.5 billion in cash and short-term investments, and $1.8 billion in undrawn revolving credit facilities.
We are currently maintaining our long-term Neutral recommendation on Delta Air Lines. For the short term, the stock retains a Zacks #3 (Hold) Rank.




So without the writeoffs, delta profit will be 80 cents a share....double last year.

 

Record profits indeed.

Delta Air Lines Announces June Quarter Profit - Jul 27, 2011

Last year it was $366M for the 2Q, this year it'll be double, minus special items (like $155M in hedging losses).

 

I understand it was alot different back then but I am curious if it was Northwest, because that would be complete BS. I am just trying to figure the guy out, especially with his DPA agenda. The 5 in 5 seems like an attempt to solidify his position on having the JR guys backs and knowing what career stagnation is like at DAL. I am just curious if it is truth or not. If it was somewhere else I apologize for the questioning.

 

I had a buddy who was furloughed by Northwest Airlines twice since 2000, now with Delta. I don't know the history of furloughs at Northwest or the former Republic Airlines, which was acquired by Northwest in 1986. But Carl's statement does not surprise me, given the tense labor relations at the former Northwest Airlines prior to the merger with Delta.

 

Tense? My 88 sim partner was fNWA and he said relations with management were horrible. He is way happier with Delta.