Grumble please post on something you have a clue about. #1 there are f/a's that have been at Ek since the inception of the airline in 1985. Many many in their 30s and 40s who have and are raising families in Dubai. No different than the legacies in the late 70s and early 80s. #2 And I don't know of one pilot that has ever had his/her pay withheld. And probably a lot like any non unionized carrier in Europe and North America. But of course it's realized that unions are illegal in the M.E. But with all the code shared airlines in China.....you boys need to look a bit further East or West.

 

it was watered down beyond recognition at the MEC when proposed a year or so ago.

One of the reasons was "cost."

But there is basically unlimited money available to sell the TA...and fight the DPA.

 

Scambo,

Domestic flying has plenty of credit still built into it that if you want to fly 100+ hours a month you can and have no issues with the 12 month look back

 

And now the rest of the story...

The red highlighted areas are of interest to us.



Delta Reports Financial and Operating Performance for May 2015


Jun 02, 2015
Download this Press Release (PDF 65 KB)

Consolidated passenger unit revenue (PRASM) for the month of May decreased 5.5 percent year over year, with roughly half of the decline due to foreign exchange pressure and lower surcharges in international markets and the remainder from lower domestic yields. Delta now expects consolidated PRASM for the June quarter to decline approximately 4 to 5 percent, with the change from previous guidance a result of lower-than-expected close-in domestic business yields.
The company's financial and operating performance is detailed below.
Preliminary Financial and Operating Results

May consolidated PRASM change year over year
(5.5%)
May mainline completion factor
99.8%
May on-time performance (preliminary DOT A14)
87.3%

Delta Air Lines serves more than 170 million customers each year. Delta was named to FORTUNE magazine's top 50 World's Most Admired Companies in addition to being named the most admired airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for four consecutive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 335 destinations in 64 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia as well as a newly formed joint venture with Virgin Atlantic. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products, services and technology to enhance the customer experience in the air and on the ground. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta's blog takingoff.delta.com.
Forward Looking Statements
Statements in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the cost of aircraft fuel; the availability of aircraft fuel; the impact of posting collateral in connection with our fuel hedge contracts; the impact of significant funding obligations with respect to defined benefit pension plans; the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub airports; our dependence on technology in our operations; disruptions or security breaches of our information technology infrastructure; the ability of our credit card processors to take significant holdbacks in certain circumstances; the possible effects of accidents involving our aircraft; the effects of weather, natural disasters and seasonality on our business; the effects of an extended disruption in services provided by third party regional carriers; failure or inability of insurance to cover a significant liability at the Trainer refinery; the impact of environmental regulation on the Trainer refinery, including costs related to renewable fuel standard regulations; our ability to retain management and key employees; competitive conditions in the airline industry; the effects of extensive government regulation on our business; the effects of terrorist attacks; the effects of the rapid spread of contagious illnesses; and the costs associated with war risk insurance.
Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2014. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of Jun. 2, 2015, and which we have no current intention to update.



1) YOY - year over year

Year over year comparisons can be skewed by the preceding year. If the preceding period was down its easier to beat. Conversely it is tougher to beat if it was up. Also called the effect of lapping. What was May 2014? Up 7%. Did you notice the December 2014 dip? I didn't because I was too busy trying to calculate my February profit sharing check and reviewing the LTM (last twelve months) numbers.

Delta Air Lines, Inc. - Delta Reports Financial and Operating Performance for May 2014


2) FX - Foreign Exchange

The Strong dollar is making all international sales tougher. This is why we announced a pull down this fall. This was anticipated and reported in the April 2nd investor update. Previous reports have stated a strong dollar is a net positive for Delta.

Delta Air Lines, Inc. - Delta Investor Update April 2, 2015


3) Close in domestic yield - last minute high dollar travel

We have a 15% premium on fares, this shows up most in last minute bookings. With time to shop people look for value. Close in or last minute is not as price sensitive. As other carriers gather themselves after mergers they will wittle away some premium. We started our recovery several years ago with a discount to the market to bring people to Delta. We have raised our revenue from .95 industry average to 1.15. Right now people are willing to pay 15% more to fly Delta. Are you willing to pay 15% more for gas at one station versus another? Probably not. How about high octane? Maybe, if you see a benefit.


4) Completion factor - You are doing your job

Completion factors is 99.8% so the operation is doing well. The money side of the house is working through revenue management challenges.


5) Forward looking - be careful

This is boilerplate for all releases but is important. This is a best snapshot in time. They are not going to waste time and effort revising this, its only a monthly report. This could be revised for the better or worse but quarterly and annual reports are more important.

 

Does anyone have a report of how long the latest special MEC meeting went yesterday? It's been radio silence. Are they meeting today?

I get nervous when it's quiet.

 

I'll call them now and get them to send out another document about the importance of learning how to say YES.

Carl

 

So I am sure someone is going to figure out how a 30 million dollar payout for JV non compliance is a bad thing?

Go ahead. I'm waiting.

 

So the question of the day is what is really going on behind the scenes with the two LEC's that have issues with the contract direction. Is it the quality of the agreed upon sections or is it actually a desire to change how we are paid from a mostly seniority based system to a system primarily based on longevity? What is the real issue?

 

Did the company agree to that?

 

One could extrapolate and say that for $50K per pilot, you could buy the percentage down to zero.