Any "Latest & Greatest" about Delta?

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04-15-2015 | 05:09 AM

#180821

RonRicco

Line Holder

Joined: Jun 2009

Posts: 833

Likes: 5

From: Captain

Quote:

Originally Posted by Timbo

Could someone pick it up on a white slip in the 'last 6 days'? Does that rule only apply to swaps or all PCS functions; drops, swaps, white slips? In the posted verbiage above it only says swaps.

Yes. Somebody can WS it.

04-15-2015 | 05:16 AM

#180822

sailingfun

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Joined: Feb 2008

Posts: 20,876

Likes: 193

First quarter results are out. Numbers look good. Bad news however is a planned reduction in flying possible next winter because of currency weakness.

04-15-2015 | 05:20 AM

#180823

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Quote:

Originally Posted by sailingfun

First quarter results are out. Numbers look good. Bad news however is a planned reduction in flying possible next winter because of currency weakness.

It's just in foreign markets, that will be well offset by domestic increases. DCI made ~$350 million due to the fuel cost savings, (down 44% due to being unhedged)

04-15-2015 | 05:30 AM

#180824

sailingfun

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Joined: Feb 2008

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Quote:

Originally Posted by Mesabah

It's just in foreign markets, that will be well offset by domestic increases. DCI made ~$350 million due to the fuel cost savings, (down 44% due to being unhedged)

Did you see Delta's fuel costs! 2.93 a gallon which is up from 2.62 a gallon in the last quarter. Margins would have been 17 to 18% had we paid market rates.

04-15-2015 | 05:43 AM

#180825

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Quote:

Originally Posted by sailingfun

Did you see Delta's fuel costs! 2.93 a gallon which is up from 2.62 a gallon in the last quarter. Margins would have been 17 to 18% had we paid market rates.

Yeah, like I've said, hedging is a bad idea, DCI is only paying $1.87 gal. AA earnings will be ridiculous, man their pilots got hosed.

04-15-2015 | 05:48 AM

#180826

sailingfun

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Joined: Feb 2008

Posts: 20,876

Likes: 193

Quote:

Originally Posted by Mesabah

Yeah, like I've said, hedging is a bad idea, DCI is only paying $1.87 gal.

2.93.was actually the combined fuel cost with DCI. The mainline paid 3.13 per gallon. The hedging losses dropped the operating margin from 17.8 to 8.8. I wonder if you looked at Deltas fuel costs over the last 15 years and then compared it to paying market rates how many billions we would have saved.
900 million was also paid into retirement plans!

04-15-2015 | 05:50 AM

#180827

hockeypilot44

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Joined: Jul 2008

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Just looked it up. 1st quarter last year was $444 million in pre-tax profit. This year $594 million. I guess that means a bigger profit sharing check this year? Is that a good assumption?

04-15-2015 | 05:55 AM

#180828

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Quote:

Originally Posted by hockeypilot44

Just looked it up. 1st quarter last year was $444 million in pre-tax profit. This year $594 million. I guess that means a bigger profit sharing check this year? Is that a good assumption?

The 8K shows profit sharing payouts are up 37%. This is usually the weak quarter for airlines, so as a rule of thumb, take the check you made last year, and add 50%. So $20K, will be $30K, roughly.

04-15-2015 | 06:03 AM

#180829

Big E 757

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Joined: Nov 2013

Posts: 2,605

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From: A320 Left seat

Quote:

Originally Posted by Mesabah

The 8K shows profit sharing payouts are up 37%. This is usually the weak quarter for airlines, so as a rule of thumb, take the check you made last year, and add 50%. So $20K, will be $30K, roughly.

I think it's a little early to be making 50% increase assumptions for profit sharing payouts. We still have 7 1/2 more months to go, and three more earnings reports.

I like the sound of it though.

04-15-2015 | 06:09 AM

#180830

Timbo

Runs with scissors

Joined: Dec 2009

Posts: 7,847

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From: Going to hell in a bucket, but enjoying the ride .

Quote:

Originally Posted by Big E 757

I think it's a little early to be making 50% increase assumptions for profit sharing payouts. We still have 7 1/2 more months to go, and three more earnings reports.

I like the sound of it though.

Why do you think Richard wants this contract done ASAP? March is always the weakest quarter. Baring any Black Swan events, 2015 will be huge. Richard's E+F/A team is a heck of a lot better than ALPA's. Richard predicted $6 Billion for 2015, and 2016, without hedging losses, and with even more debt paid off, could be $10 Billion.

I'll bet we end up trading Profit Sharing for 3% raises...again.