Delta Hiring News
07-07-2018, 03:13 PM
#9551
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Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by Sputnik
I think I saw 330 retirements between now and 31 May.
But of our two differing opinions, I hope yours is the correct one.
But of our two differing opinions, I hope yours is the correct one.
I was in a briefing back in April where SD and JG both spoke and they individually stated they were expecting retirements to range 20-35% above age 65 alone.
07-07-2018, 04:56 PM
#9552
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Joined APC: May 2012
Posts: 1,418
Originally Posted by JamesBond
But didn't I hear somewhere that we could make a profit at $100/bbl? With our debt (low) advantage over the competition, this would seem to me to be the time to put the hammer down.
At $75 a barrel it’s about $2B less.
At $100 a barrel?
07-07-2018, 05:26 PM
#9553
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Sputnik
I think I saw 330 retirements between now and 31 May.
But of our two differing opinions, I hope yours is the correct one.
But of our two differing opinions, I hope yours is the correct one.
07-07-2018, 05:32 PM
#9554
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by JamesBond
But didn't I hear somewhere that we could make a profit at $100/bbl? With our debt (low) advantage over the competition, this would seem to me to be the time to put the hammer down.
07-08-2018, 08:55 AM
#9555
Gets Weekends Off
Joined APC: Nov 2013
Position: A320 Left seat
Posts: 2,580
Originally Posted by sailingfun
The current block hour plan for next summer requires pilots. If you start hiring in Feb you might get 200 to the line in June. They need more. We are also not 500 plus pilots overmanned. We are over 500 pilots in some categories but short in others. We have 400 plus retirements in the next 12 months. Probably about 500 with early outs. We plan a 3% increase in block hours at the mainline. That’s another 450 jobs.
It’s all about oil. Flights we would operate at 40 a barrel we won’t at 75. If oil goes to 100 we may not hire anyone next summer. I hear the plan is based on oil at 60. Let’s hope it drops!
It’s all about oil. Flights we would operate at 40 a barrel we won’t at 75. If oil goes to 100 we may not hire anyone next summer. I hear the plan is based on oil at 60. Let’s hope it drops!
Don’t you think the U.S oil/fracking industry will help keep oil below $100 though. I was reading about the new realities of oil prices a year or so ago. It costs Saudi Arabia around $15 to pull a barrel of oil out of the ground and it costs the US frackers about $60-65. The theory was that when oil prices exceeded $65 a barrel, all the US rigs would spool up again and bring more oil to market and reduce the severity of price shocks. I’m not too worried about $100 oil, except for a possible short term move, based on geopolitical fear.
07-08-2018, 09:12 AM
#9556
Gets Weekends Off
Joined APC: May 2012
Posts: 1,418
Originally Posted by Big E 757
Don’t you think the U.S oil/fracking industry will help keep oil below $100 though. I was reading about the new realities of oil prices a year or so ago. It costs Saudi Arabia around $15 to pull a barrel of oil out of the ground and it costs the US frackers about $60-65. The theory was that when oil prices exceeded $65 a barrel, all the US rigs would spool up again and bring more oil to market and reduce the severity of price shocks. I’m not too worried about $100 oil, except for a possible short term move, based on geopolitical fear.
Also, the US said they would impose sanctions on anyone taking Iranian oil. That’s about 5M barrels a day.
http://money.cnn.com/2018/05/08/inve...sin/index.html
Plus there has been underinvestment in production oveall.
https://www.bloomberg.com/news/artic...sh-over-growth
07-08-2018, 09:51 AM
#9557
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Joined APC: Jan 2006
Posts: 1,544
Originally Posted by Big E 757
Don’t you think the U.S oil/fracking industry will help keep oil below $100 though.
https://www.fool.com/investing/2018/03/25/the-oil-market-problem-no-one-is-talking-aboutyet.aspx
We haven’t even seen the beginnings of Trump’s sanctions on Iran and what that can do to oil price. Inflation is starting to rear its head as well. My money is we hit $100 oil by this time next year.
07-08-2018, 12:20 PM
#9558
Gets Weekends Off
Joined APC: Apr 2014
Posts: 1,101
Originally Posted by WhiskeyDelta
I was in a briefing back in April where SD and JG both spoke and they individually stated they were expecting retirements to range 20-35% above age 65 alone.
07-08-2018, 01:02 PM
#9559
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Joined APC: Dec 2006
Position: 737 FO
Posts: 2,370
Originally Posted by 3 green
I see very few people flying the line retiring or even cutting back on block hours prior to mandatory retirement age. In fact, most guys tell me flying every week is like a vacation for them to get out of the house, and they love it.
07-08-2018, 04:58 PM
#9560
Gets Weekends Off
Joined APC: Apr 2007
Position: 320B
Posts: 278
Originally Posted by sailingfun
If oil goes to 100 I am sure they will still make a profit. They will do it however by limiting block hours to drive yields up.
A quick google search shows the US is now number two in oil production in the world passing Saudi Arabia in 2018 Q1. According to a couple sources on the inter webs advance in fracking technology make it profitable at around $45 an As for future prices I have no idea where they will head. Projects call for $70ish for this year and next
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