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Old 07-24-2013 | 03:42 AM
  #135931  
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Delta Air Lines Announces June Quarter Profit - Yahoo! Finance
Old 07-24-2013 | 04:02 AM
  #135932  
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
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We beat .95 consensus estimates by .03. The consensus estimates had already been raised. Oil refinery still losing money. Mainline growing, regional shrinking. Japan's currency devaluation a problem.

Last edited by Bucking Bar; 07-24-2013 at 04:15 AM.
Old 07-24-2013 | 04:02 AM
  #135933  
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Nice profit for Delta. The Trainer refinery is still losing money though.
Old 07-24-2013 | 04:17 AM
  #135934  
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
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Originally Posted by Free Bird
Nice profit for Delta. The Trainer refinery is still losing money though.
However, the crack spread has been reduced considerably since we got into the business. Arguably our investment prevents us (and our competitors) from being gouged by Wall Street speculators.
Old 07-24-2013 | 04:56 AM
  #135935  
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Listen to management discuss the earnings at 10 AM Eastern Time.

http://edge.media-server.com/m/p/vj7doerq/lan/en

They may announce a pilot pay raise. Not.
Old 07-24-2013 | 05:28 AM
  #135936  
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Originally Posted by Free Bird
Nice profit for Delta. The Trainer refinery is still losing money though.
Wasn't the goal of Trainer not to turn a traditional profit but rather to lower the crack spread?
Old 07-24-2013 | 05:41 AM
  #135937  
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Originally Posted by Justdoinmyjob
Wasn't the goal of Trainer not to turn a traditional profit but rather to lower the crack spread?
I believe that's correct, at least in the motivation to do the deal. Problem is it's been viewed as something that's suppose to turn a profit by itself -- and it'll be interesting to see how those fickle Wall Street pointy heads blow that up, or don't, during the call -- and the stock.
Old 07-24-2013 | 05:49 AM
  #135938  
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Wall Street seems to be happy with our 2nd quarter. Stock up 5% in early trading.
Old 07-24-2013 | 06:21 AM
  #135939  
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Originally Posted by Bucking Bar
However, the crack spread has been reduced considerably since we got into the business. Arguably our investment prevents us (and our competitors) from being gouged by Wall Street speculators.
Technically, Delta is a speculator. The only claim Delta has to being a bona fide hedger is the Trainer operation. Since there is no robust jet fuel futures market (if there's a market at all, I've never been able to find one), Delta has to speculate on a mix of crude oil, unleaded gasoline, heating oil, etc. to synthesize a "hedge" on jet fuel. But, since Delta doesn't consume/produce any of those products outside of Trainer, it is a speculator in those markets.
Old 07-24-2013 | 06:45 AM
  #135940  
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Delta Air Lines sees FY13 to be one of Delta's most profitable years - Yahoo! Finance

Awesome! They will easily be able to afford our 3% raise for the year then.
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