Maybe THAT's why they "can't" have web based meetings....

Delta Air Lines Announces June Quarter Profit
Company produces quarterly profit despite more than $1 billion higher fuel expense

Jul 27, 2011

ATLANTA, July 27, 2011 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the June 2011 quarter. Key points include:

Delta's net income for the June 2011 quarter was $366 million, or $0.43 per diluted share, excluding special items(1).
Delta's net income was $198 million, or $0.23 per diluted share, for the June 2011 quarter.
Strong top line revenue growth of 12% year over year helped offset more than $1 billion higher fuel expense.
Delta generated a revenue premium, with unit revenues up 10% for the quarter.
Delta generated $1 billion of operating cash flow and $700 million in free cash flow in the quarter. The company ended the June 2011 quarter with $5.6 billion in unrestricted liquidity.

"High fuel prices are putting significant pressure on the industry, but the benefits of Delta’s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense," said Richard Anderson, Delta's chief executive officer. "Our revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets."

Press Release: Delta Air Lines Announces June Quarter Profit - Jul 27, 2011

I do believe you're right.

But sorry I may have just put your family in danger. Good luck. :D

http://i938.photobucket.com/albums/a...g?t=1311770495

Make sure you don't hit Copy Image but Copy Image Location. You need the address for it to work.

While I have no info on who the potential merger partner would be I do think further consolidation is in our future in the next couple of years. My theory is we won't ever see a 2012 contract before another merger. They will delay the process long enough to find another merger partner. Management has learned that including the pilots up front with regards to the merger is a must. They would rather delay Contract 2012 and give contract improvement in the form of a JCBA a couple of years later. They will try to avoid at all cost a big Contract 2012 increase and then another increase via a JCBA. Not what I would like to see but it is the way I see it going down.

I need coffee. :D

"The carrier said second-quarter net income excluding items was $366 million, or 43 cents a share. Analysts surveyed by Thomson Reuters had estimated 44 cents. Revenue rose 12% to $9.15 billion, in line with estimates."

"Including items, net income was $198 million, or 23 cents a share. In the same quarter a year earlier, net income was $467 million, or 55 cents a share. Special items of $168 million included $80 million in severance and related costs, and $64 million for facilities consolidation and fleet reduction."

No, I think we were 1 penny short according to Reuters. Am I reading this wrong?

Thanks Elvis. All I did was look at the net income of $198 mil. I really shouldn't try to read this stuff before I've had my coffee. :D

I already had mine...early riser. :D Definitely helps!

Called my rep and asked directly and he said they have not been informed of any ongoing merger talks and and speculation is just that. Said alleged JS rep was either making stuff up or had information the rest of the union does not. Could it have been a former rep now on the merger committee?