Delta Hiring News
07-07-2018 | 04:56 PM
#9561
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Joined: May 2012
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At $75 a barrel it’s about $2B less.
At $100 a barrel?
07-07-2018 | 05:26 PM
#9562
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Joined: Feb 2008
Posts: 20,867
Likes: 182
07-07-2018 | 05:32 PM
#9563
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Joined: Feb 2008
Posts: 20,867
Likes: 182
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.
07-08-2018 | 08:55 AM
#9564
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Joined: Nov 2013
Posts: 2,604
Likes: 12
From: A320 Left seat
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
#9565
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Joined: May 2012
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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
#9566
Line Holder
Joined: Jan 2006
Posts: 1,733
Likes: 12
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
#9567
Line Holder
Joined: Apr 2014
Posts: 1,142
Likes: 5
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 | 01:02 PM
#9568
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Joined: Dec 2006
Posts: 2,370
Likes: 0
From: 737 FO
I think a large part of that number is from people who lose their medical prior to 65.
07-08-2018 | 04:58 PM
#9569
Line Holder
Joined: Apr 2007
Posts: 287
Likes: 0
From: 320B
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
07-09-2018 | 05:59 AM
#9570
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Joined: Nov 2013
Posts: 2,604
Likes: 12
From: A320 Left seat
At the moment there is a bottleneck in distribution for oil coming from fracking regions. For example, there are not enough pipelines coming from the Permian Basin in Texas to take all that is or could be produced.
Also, the US said they would impose sanctions on anyone taking Iranian oil. That’s about 5M barrels a day.
America's biggest oilfield is running out of pipeline
Plus there has been underinvestment in production oveall.
https://www.bloomberg.com/news/artic...sh-over-growth
Also, the US said they would impose sanctions on anyone taking Iranian oil. That’s about 5M barrels a day.
America's biggest oilfield is running out of pipeline
Plus there has been underinvestment in production oveall.
https://www.bloomberg.com/news/artic...sh-over-growth
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