Looks good. I own a couple of rental properties and with my write offs I can show a loss. The company is doing just fine.

Equity Share
 

Fellas,
When should we (DAL/NWA dudes) expect our Equity Shares. Will that happen post Single Operating Certificate (SOC)?

Thanks,

The union folks were supposed to get abriefing from the guys trying to hock it last week during their election meetings. I would have thought that they would give us an update by now. Originally the union said that if they could not sell it by early 09 then they would distribute the shares and not cash. In these tough times for hedge funds, mutual funds etc., they may not have a half billion of free cash sitting there to pony up. Maybe if the upcoming earnings (losses) report does not look too bad, than a buyer may emerge.

This was posted by NWAF16DUDE on another thread. I like that their planning folks actaully give folks a heads-up. Appears to be the same stuff as we just went through at DAL though they are gaining some widebody stuff. Good thing is it looks like a wash on headcount (no furloughs we hope) and they are still having retirements.

Here's the latest releasable info from NWA on staffing

Permanent Position Information
The below staffing forecasts are based on the currently projected 2009 flying level and staffing assumptions and reflect the best
information available at the time of publication.

747-400 (DTW)
The summer flying level of 2009 is expected to be slightly higher than the current winter and scheduled spring flying level. As the
transition to DL scheduling and staffing rules, including the use of more CA augment continues, awards are planned in the CA
position in 2009. The possibility of displacements off the FO continues as there is increased use of CA augment. However the
number of displacements off the FO position will depend on the number of bidouts from the FO position.

747-200 (ANC and MSP)
The scheduled cargo flying level is projected to remain relatively flat for the rest of 2009; however it is at a lower level than 2008.
The plan to operate additional military charters (both passenger and cargo) continues into 2009, offsetting some of the impact of
the schedule reduction. However, this will result in small staffing surpluses in all three B747-200 positions. The possibility of
some displacements remains from all three ANC blockholder positions, but will be dependent on planned retirements and bid out
activity which is expected to minimize the need for displacements. Displacements from MSP positions are possible, depending on
where pilots displace to from other fleets. Relative base sizes are expected to remain unchanged.

A330 (DTW, MSP and SEA)
The A330 fleet will experience a higher flying level in the summer of 2009 compared to the spring level. This increase is due to
the regular increase in international flying during the summer season as well as due to DL cross-fleeted routes. Awards are planned
in both the CA and FO positions to plan for future retirements, to prepare for the transition to DL scheduling and staffing rules,
and to support the increased flying level. However, the number of awards is expected to be higher in the FO position compared to
the CA position. To build the MSP base to its optimal size, awards are expected to be more focused on the MSP base, although
awards could occur to DTW and SEA depending on bid outs and retirements. As a result, the MSP base will grow in relative size
to the other two bases.

757 (DTW and MSP)
As previously mentioned, there has been a shift of flying from the higher capacity narrowbody aircraft (B757) to the smaller
capacity equipment (A320 and DC9) to optimally meet customer demand and account for the slowing economy. To appropriately
staff the A320 and DC9 fleets and reduce the surplus created on the 757 fleet, displacements off both the seats of the 757 are
needed. The number of displacements off the FO position is expected to be higher than the number off the CA position; however
the exact number of displacements would depend on the bidout activity from the seats. Relative base sizes are expected to remain
unchanged.

A320 (DTW, MEM, and MSP)
To support an increased summer schedule and to prepare for the future transition to DL scheduling and staffing rules, there is a
need to increase the staffing in both the positions. However, the majority of the demand is expected to be met by the displacements
off the B757 positions thereby reducing the need to award positions. Because of the volume of displacements which are expected
into the FO position, there will be a need to displace off the FO position to support staffing the DC9 fleet. The number of
displacements will be dependent on the number of retirements and bid outs that occur from the A320 positions. Relative base sizes
are expected to remain unchanged.

DC9 (DTW, MEM, and MSP)
As there is a shift of flying into the smaller capacity equipment, there is expected to be an increase in the DC9 flying in the spring
leading up to a high summer schedule. The incremental DC9 staffing requirements are expected to be funded by displacements
from other aircrafts, although some award activity is likely in the CA position. Relative base sizes are expected to remain
unchanged.

We get just as much information from DAL, it comes from... airlinepilotforums.com/major/11935-any-latest-greatest-about-delta-440.html

:D

DAL puts it out. Some of it in the front of the bid package, but most of it is in the form of press releases.

Funny but sadly true. They do not have to read/intreprit PR's or co encrypted memos nor come to the message boards to get the 37 interpretations posted.

Delta reported fourth quarter and 2008 financial results Tuesday that reflected the tough economic climate facing the industry. However, a broader perspective includes a year of accomplishments that position Delta for profitability in 2009.

“While 2008 was a year of extraordinary challenges for the industry with volatile fuel prices and a deepening global recession, it was without a doubt a successful year for Delta,” said Hank Halter, s.v.p. and chief financial officer, in a memo to all employees. “We closed the Delta-Northwest merger and began a very complex integration process which will capitalize on the individual strengths of both airlines.”

For the December quarter, Delta reported a net loss of $1.4 billion, including $900 million related to employee equity awards and a $91 million loss on fuel hedges. Delta would have reported a $167 million net profit for the quarter, excluding special charges, if fuel had been purchased at market prices. As of Dec. 31, Delta had $6.1 billion in total liquidity and cash collateral posted with hedge counterparties.

During the December quarter following the close of the merger, Delta placed its code on more than 90% of NWA routes, creating thousands of additional connections for customers. Delta and NWA pilots achieved a single seniority list for the combined group, and now more than 25% of Delta’s total workforce has resolved seniority integration issues. Delta already has completed the rebranding of about 80 airports throughout the NWA network and expects to finish repainting all NWA mainline aircraft by the end of 2010.

While there will not be profit sharing payments, Hank noted that last year Delta invested $1.5 billion in employees through merger stock grants, pay raises, Shared Rewards payouts and retirement plan contributions.

Hank said Delta expects to post a sizeable loss for the first quarter of 2009, traditionally Delta’s slowest period. However, he added that Delta expects to be “solidly profitable” for the year.

I think this summer's flying will be a good indicator of what we can expect. If oil speculators go off the deep end again which eats into our profits, I think we could expect some tough decisions going forward. On the flipside, if we can manage to create strong profits going going through the next 3 quarters, then we should have a decent amount of job security.
(If job security actually exists in this industry)
Just my two cents.

Analysts expected 33 cents per share loss. Excluding charges we lost 50. How did we do compared to the other major players?