I can't believe it. Lost hundreds of millions of dollars and I'm impressed with how well we did. Its a crazy industry.

You mean like this girl?

http://barfblog.foodsafety.ksu.edu/HappyCow.jpg


sorry I couldn't resist. You left it wide open.

War Chicken!

Satchip,

Now that is some funny S--T!!!

One more thing....I am sure rebranding stations, painting airplanes, upgrading facilities etc... costs a pretty penny. Do these expenses count on this earnings or do they only look at ticket sales vs. operating cost. I know they play with the numbers, just wasn't sure if the merger related costs are in these numbers..

By the way..this was on your post....

[IMG]file:///Users/scottatchison/Library/Caches/TemporaryItems/moz-screenshot.jpg[/IMG][IMG]file:///Users/scottatchison/Library/Caches/TemporaryItems/moz-screenshot-1.jpg

Is this you?

Now if we could get ACL to post a picture!!!:D

My macro perspective on these numbers is: With how much unrestricted cash did we enter and exit the quarter. Right now, this is the most important piece of the profit/loss equation and tells whether the business is self-financing. All the rest of the reporting is for the feds and big shareholders.

If we exited with more than we entered, all is well.

Beer, no that is just some schmuck who left his computer unguarded in the lounge. You should see what I changed his homepage too!

Delta Air Lines Reports March 2009 Quarter Financial Results


ATLANTA, April 21, 2009 – Delta Air Lines (NYSE:DAL) today reported financial results for the March
2009 quarter. Key points include:

• Delta’s net loss for the March 2009 quarter was $693 million, excluding the special items
described below1, or $0.84 per diluted share.
• Excluding $684 million in realized fuel hedge losses and special items, Delta’s results were
breakeven.
• Delta’s reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted
share.
• In the March 2009 quarter, Delta realized approximately $100 million in synergy benefits
from its merger with Northwest Airlines.
• Delta generated approximately $600 million in operating cash flow and ended the quarter
with $5 billion in unrestricted liquidity, which was unchanged from the balance at Dec. 31,
2008.


Looks like we added between $400-500 million cash to our liquidity position. That makes me feel real good. Plus we still have 3rd quarter yet to come. The not so warm fuzzy is the PRASM loss of around 25%. Although it seems to be mostly in line with others, but UALs loss as I recall was only 19%. That said, I was planning on a $5-600m loss so this was a pleasant surprise to see that we lost what others half our size did and generated cash to boot.

What is wrong with our revenue management and the pricing of our product? Load factors are 100 percent on what I'm flying and full airplanes, on time, is about the best we can do.

The international drops in PRASM of 25-26% are frightening. However, when that market comes back I cannot imagine the profits we will secure with our combined network. Even a 5% increase to a drop in PRASM of 20% should make us fully profitable. Imagine when PRASM loss is 0? I am glad to be here and no where else.

[IMG]file:///Users/JasonBourne/Library/Caches/TemporaryItems/moz-screenshot.jpg[/IMG][IMG]file:///Users/jasonbourne/Library/Caches/TemporaryItems/moz-screenshot-1.jpg

There ya go, that is what mine would look like :D