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http://l.yimg.com/a/i/us/fi/gr/ap_106x27.gif Delta expects cash balance to grow in 2010
Delta sees growing cash balance in 2010 despite $1.1 billion pension obligations
The airline said in a presentation filed with the Securities and Exchange Commission Tuesday ahead of an investor conference that it projects it will end 2010 with $5.4 billion in unrestricted liquidity, up from the $5.1 billion it expects to end this year with. Delta says capacity will be flat in 2010 compared to this year. Delta, based in Atlanta, is targeting $600 million in new cost savings and productivity enhancements next year. Ancillary revenue, which includes bag fees and other add-on charges, has been a key source of revenue for airlines. |
Originally Posted by Schwanker
(Post 727412)
http://l.yimg.com/a/i/us/fi/gr/ap_106x27.gif Delta expects cash balance to grow in 2010
Delta sees growing cash balance in 2010 despite $1.1 billion pension obligations
The airline said in a presentation filed with the Securities and Exchange Commission Tuesday ahead of an investor conference that it projects it will end 2010 with $5.4 billion in unrestricted liquidity, up from the $5.1 billion it expects to end this year with. Delta says capacity will be flat in 2010 compared to this year. Delta, based in Atlanta, is targeting $600 million in new cost savings and productivity enhancements next year. Ancillary revenue, which includes bag fees and other add-on charges, has been a key source of revenue for airlines. Just to help ya out..... Capacity is seats, block hrs is what we are being told is expanding 5.7%. Makes a lot of sense since it will be done on smaller jets. |
Originally Posted by acl65pilot
(Post 727413)
Just to help ya out.....
Capacity is seats, block hrs is what we are being told is expanding 5.7%. Makes a lot of sense since it will be done on smaller jets. I understand the block hour piece at mainline....hopefully we'll see mainline capacity increase as well vs. trending to smaller jets. |
Nope, they are the 9, 73N, 320, and 88.
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Bastian seems pretty optimistic. Good numbers going forward.
I'm trying to screen capture some of that data he's been showing but it keeps saying "protected content".:mad: Hauenstein now talking about SOC. |
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Originally Posted by Check Essential
(Post 727417)
Bastian seems pretty optimistic. Good numbers going forward.
I'm trying to screen capture some of that data he's been showing but it keeps saying "protected content".:mad: Hauenstein now talking about SOC. I am normally the optimistic one, but this conference call last year they stated we would be making over a billion for 2009. I do think that next year is the start of a string of good years for our company though. |
Bastian says down another 70 airplanes in 2010. Mostly RJs. (DC-9s?)
Despite that, overall capacity flat. I guess that means a lot more mainline utilization. |
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