FtB;
Great post. I saw it on my phone but I had to run out for an hr or two.

FWIW, we all built this place. :D

I was talking about the C-17's!!! :D

Analyst estimates DAL $740 mil 3rd qtr profit
 

Airlines Will Have Record Profits for 3rd Quarter -- Seeking Alpha

AirlineFinancials.com estimates the nine largest US airlines, starting next week, will collectively report $2.4 billion in profits from $33.3 billion in revenues. The average net profit margin is projected at 7.2%.
Assuming these projections are somewhat accurate, they would be an all time record profit and the 2nd highest revenue for any 3rd quarter.
For this report, the nine largest airlines are: Delta (DAL), American (AMR), United (UAL), Continental (CAL), US Airways (LCC), Southwest (LUV), JetBlue (JBLU), Alaska (ALK), and Air Tran (AAI). Note: United and Continental merged at the end of the 3rd quarter.
3rd quarter 2010 highlights (based on AirlineFinancials.com estimates):
First 3rd quarter since 2007 that all nine airlines will report profits.
First time since 2007 all nine airlines will have two consecutive profitable quarters.

Delta, Continental, US Airways, Southwest, Jet Blue, and Alaska will report record high 3rd quarter profits.
Southwest, JetBlue, Alaska, and Air Tran will report record high 3rd quarter revenues.
The estimated 7.2% average 3rd quarter profit margin would be the highest margin for at least the last 15 years.


Look-back reality:
Over the last decade, 2007 was the only other year the airline industry had a 3rd quarter profit. Note: The 2nd and 3rd quarters are typically the best for the airline industry.
Since 2000, the nine airlines noted in this report accumulated over $2.4 billion in losses for 2001, 2002, 2005, and 2008.
After accounting for the $2.4 billion profit for the 3rd quarter 2010, the nine airlines noted here have accumulated $8.7 billion in Q3 losses since 2000.


A chart can be found with the link above.

Maybe when you C-17, his daughter is one of those seven teens you see?

Sounds like a good guess. Wonder what Operating Profit will be?

Interesting fact from the graph is LUV finished 7th (out of 9) in profit margin. Me thinks the darling is starting to feel the pain of legacy costs.

I believe you are correct Sir.

Time for SWA, AA, and UAL/CO to get their hand in the cookie jar setting the bar high for our 2012 contract negotiations. If not now, then when?

I just did a CHS layover last weekend. Great views and wonderful weather. I did a two hour walk down King St and back along the water just to people watch. Nice town, everyone I spoke with was very friendly. Reminded me of Annapolis when I was a kid.

Maybe they will be pansies like the legacies and take paycuts to ensure a profitable and growing airline. I think "constructive engagement" is the term:mad: