Any "Latest & Greatest" about Delta?
01-18-2011 | 04:07 AM
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01-18-2011 | 04:09 AM
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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.
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!
01-18-2011 | 04:13 AM
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From: A-320A
01-18-2011 | 04:18 AM
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01-18-2011 | 04:22 AM
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From: A-320A
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.
01-18-2011 | 04:23 AM
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From: Delta
01-18-2011 | 05:06 AM
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From: MSP7ERB
Excellent discussion:
News Headlines
I'm glad I was able to hear RA's perspective on 2010 and what 2011 holds.
News Headlines
I'm glad I was able to hear RA's perspective on 2010 and what 2011 holds.
Last edited by Elvis90; 01-18-2011 at 05:32 AM.
01-18-2011 | 05:34 AM
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Excellent discussion:
News Headlines
I'm glad I was able to hear RA's perspective on 2010 and what 2011 holds.
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.
01-18-2011 | 05:39 AM
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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.
01-18-2011 | 05:45 AM
At home on the maddog!
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From: Retired (mandatory age 65)
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.
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