Any "Latest & Greatest" about Delta?
04-24-2014, 06:00 AM
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Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Timbo
More record earnings, here's a quick quote from American's quarterly report, suddenly Richard doesn't look like such a genius any more, if these guys are spitting out the same numbers prior to their full integration.
Oh, and despite all the dire claims from AA's management, that their Pilots had to flush their retirement plan or else they'd liquidate, um...seems they survived after all, and they kept their retirements:
Eps 0.65 vs est 0.48
Today we announced our first quarter 2014 financial results. Like last quarter, we’ll compare year-over-year results for American Airlines and US Airways on a combined basis, which is a non-GAAP (Generally Accepted Accounting Principle) formulation using AMR Corporation and US Airways Group. We’ll continue to report our results on a non-GAAP basis until 2015 when we have a true apples-to-apples comparison of our performance on a year-over-year basis. On to the numbers!
For the first quarter, I’m pleased to report a record first quarter net profit of $402 million excluding net special credits. In the entire history of American Airlines, we have never earned $400 million in the first three months of a year, but in the first three months since the merger, we did. This is up significantly from a combined non-GAAP net profit of $62 million excluding net special charges for the same period of 2013.
Oh, and despite all the dire claims from AA's management, that their Pilots had to flush their retirement plan or else they'd liquidate, um...seems they survived after all, and they kept their retirements:
Eps 0.65 vs est 0.48
Today we announced our first quarter 2014 financial results. Like last quarter, we’ll compare year-over-year results for American Airlines and US Airways on a combined basis, which is a non-GAAP (Generally Accepted Accounting Principle) formulation using AMR Corporation and US Airways Group. We’ll continue to report our results on a non-GAAP basis until 2015 when we have a true apples-to-apples comparison of our performance on a year-over-year basis. On to the numbers!
For the first quarter, I’m pleased to report a record first quarter net profit of $402 million excluding net special credits. In the entire history of American Airlines, we have never earned $400 million in the first three months of a year, but in the first three months since the merger, we did. This is up significantly from a combined non-GAAP net profit of $62 million excluding net special charges for the same period of 2013.
04-24-2014, 06:01 AM
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Joined APC: Feb 2006
Posts: 1,242
Now, Now T. No politics, even though you are 100% correct!
04-24-2014, 06:07 AM
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Joined APC: Oct 2010
Position: Decoupled
Posts: 922
Originally Posted by DoubleTrouble
We are talking about 2 different plans. The program I responding to was the stock we received via SLOA 19. That is the stock many believe we were allocated at around $4 per share, but only after Athena couldn't/didn't sell it when they first took control of it in the teens.
04-24-2014, 06:16 AM
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Joined APC: Apr 2009
Posts: 1,569
PSA! Just packed the Gold Bond for summer time flying(don't use it during the cooler months, so it's more appreciated now). Anyway, if you see a pilot in the Atlanta lounge with a little extra spring in his step, show me the shocker. Y'all have a good weekend.
04-24-2014, 06:16 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Originally Posted by sailingfun
We had some drag items on our earnings including the trainer refinery. It lost another 41 million dollars. Management says it will be profitable next quarter. They have made that same statement every quarter since they made the purchase. Sooner or later they might be right!
04-24-2014, 06:16 AM
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Joined APC: Dec 2009
Position: Stay THIRSTY, my friends!
Posts: 1,898
We've been 'told' time and time again that a strong healthy balance sheet will be the best route to more compensation. So far, I've (personally) not seen it. I for one am tired of trading productivity and approved harassment for a few extra dollars, all the while I'm flying more and getting nickled and dimed by medical expenses (anybody looked at our vision plan? We're pilots for crying out loud!) and reduced profit sharing. And now we are even 'negotiating' to keep a part of our contract in force! If people aren't willing to tell DALPA enough is enough, by way of rejecting any future agreement that doesn't measure up to our level of contribution to the bottom line, then we deserve what we get, which I assure you will be more of the same. There are many ways to increase compensation without scaring off investors or starting a riot among non contract employees. More 401K, better trip and duty rigs, better compensation for training and vacation, and a much, much better medical plan for starters...
04-24-2014, 06:19 AM
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Joined APC: Oct 2010
Position: Decoupled
Posts: 922
One thing that everyone seems to miss is Trainer only has to not lose money to be a successful acquisition.
Trainer is all about dependable supply chain. We need a way to ensure that there is an uninterrupted supply of aviation fuel. Aviation fuel isn't the main product of refineries. Airlines are subject to the refineries seasonal switching from one product to another. This results in wide swings in availability and price.
RA was correct to attempt to assure availability. Trainer does that. By better controlling supply, there may be a smoothing, or even lowering of price. That remains to be seen. But, half of the goals have already been met. We have regular supply.
Trainer is all about dependable supply chain. We need a way to ensure that there is an uninterrupted supply of aviation fuel. Aviation fuel isn't the main product of refineries. Airlines are subject to the refineries seasonal switching from one product to another. This results in wide swings in availability and price.
RA was correct to attempt to assure availability. Trainer does that. By better controlling supply, there may be a smoothing, or even lowering of price. That remains to be seen. But, half of the goals have already been met. We have regular supply.
04-24-2014, 06:22 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Anybody own AAPL? Holy smokes!
04-24-2014, 06:23 AM
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Joined APC: Feb 2007
Position: M88 B
Posts: 399
Originally Posted by NERD
PSA! Just packed the Gold Bond for summer time flying(don't use it during the cooler months, so it's more appreciated now). Anyway, if you see a pilot in the Atlanta lounge with a little extra spring in his step, show me the shocker. Y'all have a good weekend.
04-24-2014, 06:26 AM
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Joined APC: Jan 2010
Posts: 1,503
Originally Posted by orvil
Athena. That is a name from the past. There was some question as to conflicts of interest and expertise. Athena was well compensated for their efforts. They did a nice job with the first sale. DALPA and Athena completely botched the second distribution, SLOA 19.
Why that task you mentioned was never bid out to other investment banks, Chase, Goldman, BofA, etc is yet another question. Why ALWAYS Presser?
God forbid establish relationships with a real Wall Street Bank and have access to their E and FA. Maybe we would have made some different decisions vis a vis profit sharing, 4-8-3-3 etc.
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