Any "Latest & Greatest" about Delta?
06-22-2014 | 03:59 PM
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06-22-2014 | 04:07 PM
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From: Urban chicken rancher.
06-22-2014 | 04:32 PM
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From: 737 ATL
Edward Bastian - President: I'd say the other thing Kevin there that we did not necessarily forecast or see coming is clearly the opportunity we had with our pilots to do the contract early. It's going to pay significant dividends over time, as it will have a big cost return to it, not just in terms of improved productivity, but the ability to fairly substantially restructure the domestic fleet, but those costs came in right away, so that's in our September guidance as well.
It sounds like Ed is saying our contract was not only cost neutral but would actually "pay significant dividends".
Here's the full transcript. The quote is on page 6 of the Q&A:
Delta Air Lines Inc DAL Q2 2012 Earnings Call Transcript
06-22-2014 | 04:41 PM
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From: Light Chop
06-22-2014 | 04:46 PM
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From: MD musical chairs
06-22-2014 | 04:49 PM
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From: Light Chop
06-22-2014 | 04:51 PM
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From: Light Chop
Actually I think the pertinent quote was from the 2012 Q3 earnings call:
We’ll take our next question from Mary Jane Credeur with Bloomberg News.
Mary Jane Credeur - Bloomberg News
Hi, folks. Can you talk a little bit about how you’re going to afford that new pilot contract?
Richard Anderson
Hi, Mary Jane, this is Richard. Sorry for not saying hello. When you look at the overall value that we’re going to create as a result of unlocking the ability to refleet plus the productivity that has been built into that agreement, we’re confident that it will be an important part of our ability to get to unit cost over the next couple of years to improve our margins and our return on invested capital.
Glen Hauenstein
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
Mary Jane Credeur - Bloomberg News
Sure. Okay. Thank you.
Mary Jane Credeur - Bloomberg News
Hi, folks. Can you talk a little bit about how you’re going to afford that new pilot contract?
Richard Anderson
Hi, Mary Jane, this is Richard. Sorry for not saying hello. When you look at the overall value that we’re going to create as a result of unlocking the ability to refleet plus the productivity that has been built into that agreement, we’re confident that it will be an important part of our ability to get to unit cost over the next couple of years to improve our margins and our return on invested capital.
Glen Hauenstein
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
Mary Jane Credeur - Bloomberg News
Sure. Okay. Thank you.
06-22-2014 | 04:57 PM
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From: Boeing Boss
We don't have to like it, but we ought to understand it.
06-22-2014 | 05:10 PM
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From: retired 767(dl)
06-22-2014 | 05:46 PM
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From: 7ERB
Guys, we're clearly being set up for another flaccid performance from Dalpa; it's truly disheartening to see the usual suspects here predicting doom and gloom, shaping the battlefield, and trying to minimize the effort and expenditure a protracted contract drive entails for Dalpa and Delta.
As always, it's impossible to distinguish between the Dalpa and company advocates here.
As always, it's impossible to distinguish between the Dalpa and company advocates here.
TEN
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