Bought Sprint three weeks ago, and have an auto trade in. Gets to 4.50 and I will be all out.

Looking at a few other companies to go after .Not sure I want to offer stock advice on here but go chart DNN over the last year then look back to 2007. Go look at all stocks in this sector. Lots of potential here.

Delta boosts 3rd-quarter margin forecast

On Monday September 14, 2009, 10:39 am EDT

Companies: Delta Air Lines Inc.


ATLANTA (Reuters) - Delta Air Lines (NYSE:DAL - News), the world's biggest airline, boosted its operating margin forecast for the third quarter, citing lower fuel costs, and said other financial measures were trending in line with or better than year-earlier and second-quarter levels.


In a federal filing on Monday, the company said it expects operating margin of 3 percent to 4 percent for the third quarter, and breakeven operating margin for the full year.

On July 22, Delta projected third-quarter operating margin of 1 percent to 3 percent.

The higher forecast is a positive, said Basili Alukos, a Morningstar analyst.

"All the airlines have improved, mostly from a cost perspective, just because fuel has fallen significantly and they've cut capacity," Alukos said.

Helane Becker, an analyst with Jesup & Lamont Securities, raised her third-quarter earnings estimate for Delta from a loss of 30 cents a share to a profit of 5 cents a share and reiterated her "buy" rating on the stock.

She said Delta's projected load factor performance suggested bookings are strengthening. "We believe that business traffic is starting to return to the market," Becker said in a research note.

Delta said load factors -- the percentage of seats filled on planes -- were expected to be about 82 percent for September and October, in line with or slightly above year-earlier levels.

Still, Alukos said he was surprised that Delta indicated its unrestricted liquidity was continuing to fall. Delta projected that measure would stand at $4.6 billion for the full year, compared with $5 billion for the third quarter.

The airline said it expects a consolidated fuel price, net of hedges, of $2.14 per gallon for the third quarter, $2.05 for the fourth quarter, and $2.13 for the full year. In July it forecast $2.17 for the third quarter.

Delta said revenue per available seat mile, an important measure, would show a smaller decline in the third quarter than in the second quarter.

Atlanta-based Delta and other carriers have been cutting capacity and jobs to lower costs as the recession hurts air travel.

Delta said it expects system capacity to be down 4 percent to 5 percent for the third quarter from a year earlier.

"For the legacy carriers, the only way improvement is going to come is when they see top-line growth," Alukos said.

Delta shares were up 17 cents at $8.23 in morning New York Stock Exchange trading. Other U.S. carriers were also higher.

(Reporting by Karen Jacobs; editing by John Wallace)

Sooooooo Quiet. Where did everybody go? :D

I know this is on here somewhere but cant go thru 14000 pages .... how do we get buddy pass pricing these days, without booking the pass???

thanks

I am on the age 65 thread slinging mashed potatoes at EWRbasedpilot about age discrimination and picking up open time. This group is engaged in orgiastic ecstasy compared to some other companies and pilot groups.

You have to book a pass and cancel before confirming....thats the only way for now!

thanks... they need to fix that... what a pain in the a$$

well its relatively good news, you know pilots only respond to fear mongering or end of the world rumors ;)

The new word of the day. :p

It will heat back up, trust me ;)