Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

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- - Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

Quote:

Originally Posted by acl65pilot (Post 931909)

FtB;
A fourth quarter profit. Impressive......

True but stock will take a hit.

Quote:

Originally Posted by forgot to bid (Post 931899)

ATLANTA, Jan. 18, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the December 2010 quarter. Key points include:

Delta's net income for the December 2010 quarter was $158 million, or $0.19 per diluted share, excluding special items(1). This is a $383 million improvement year over year.

Delta's GAAP net income was $19 million, or $0.02 per diluted share, for the December 2010 quarter.

Delta's net income for 2010 was $1.4 billion, excluding special items. Including $851 million in special items, Delta's net income for 2010 was $593 million.

2010 results include $313 million in profit sharing expense, including $38 million in the December quarter, in recognition of Delta employees' achievements toward meeting the company's financial targets.

Delta's adjusted net debt at the end of 2010 was $15.0 billion, a $2.0 billion reduction from prior year.

"Special Items

Delta recorded special items totaling $139 million in the December 2010 quarter, including:

$88 million in merger-related expenses;
$3.5 million to the Carl Spackler "Keep-Him-Happy" Betterment Fund
$2 million ForgotToBid's Google-Images Search Division
$0.5 million for 1,000 copies of BuzzPat's "Dereliction of Duty"
$31 million from a loss on extinguishment of debt; and
$20 million in costs related to the consolidation of operations at Cincinnati/Northern Kentucky International Airport.
Delta recorded special items totaling a net $200 million credit in the December 2009 quarter, including:

In addition, Delta made an unprecedented $9 million dollars by selling every drop of deicing fluid they owned south of the Mason-Dixie Line

$121 million in primarily merger-related expenses; and
$321 million non-cash tax benefit related to the impact of fuel hedges in other comprehensive income.
March 2011 Quarter Guidance"

A few things I wasn't expecting in there, but looks like the next round is on Carl!

Quote:

Originally Posted by maddogmax (Post 931913)

True but stock will take a hit.

Not sure about that. The stock is trading below its guidance because of oil, and the fact that 2011 is going to be a lot flatter than 2010.

Quote:

Originally Posted by acl65pilot (Post 931921)

Not sure about that. The stock is trading below its guidance because of oil, and the fact that 2011 is going to be a lot flatter than 2010.

Off $.44 in the pre market. Hopefully will do better long term.

Quote:

Originally Posted by maddogmax (Post 931923)

Off $.44 in the pre market. Hopefully will do better long term.

It should hold its own. The market is still waiting to see the shakeout of the other merger(s) that are in progress. RA talks about future consolidation, and capacity constraint, but the constant downward pressure we see on the sector should make one realize that the market does not beleive that we can maintain our constraint.

Quote:

Originally Posted by KC10 FATboy (Post 931685)

Who owns iCrew Max?

icrewmax is run by a Delta pilot and a pilot from another airline.:)

Quote:

Originally Posted by 8CherryGarcia (Post 931900)

Good discussion with RA on CNBC right now...

Excellent discussion:

News Headlines

I'm glad I was able to hear RA's perspective on 2010 and what 2011 holds.

Quote:

Originally Posted by Elvis90 (Post 931938)

Excellent discussion:

News Headlines

I'm glad I was able to hear RA's perspective on 2010 and what 2011 holds.

I did not like his statement about quickly retiring fuel inefficient paid for aircraft if oil prices continue to go up. He also seemed a bit out of touch with the poor quality of the product. Hopefully it improves this year.
The rest of it was encouraging.

Quote:

Originally Posted by sailingfun (Post 931947)

I liked the broadcaster's question around 6 minutes into it about why the airlines continue to struggle while it is the most popular ways of traveling long distance.

Quote:

Originally Posted by bluejuice71 (Post 931844)

I've noticed iCrewMax does seem to slow iCrew down, but it's worth it to me to be able to download my sked into my iPhone. I'm also running Mac OS X with Firefox. You PC guys that ding Mac users have obviously never spent much time on one!

Well there's the difference. I don't have a smart phone. While I liked the features of iCrewMax on my laptop, I saw the added benefit being offset by the slower performance.