Delta Air Lines 2Q15 Earnings Call
#151
You are smarter then your post. You can't compare the E190 as a replacement for the MD88 based on the 88's costs. You have to compare it to the other replacement options. It's will be far cheaper to operate a 737-800 or A320 on a per passenger basis. The NEO and MAX even more so. Gating and capacity issues further cement any chance of 190's being a 88 replacement. This is a non issue.
But notice I also said use a mix, a 190 on that route, 738 on that one, 717 on that one 2 E190s on that one, 320 on those, cr7 and a 319 there, and so on.
Its network. They figure it route by route and not what's better on a sheet of paper fly off not accounting for acquisition costs.
#152
#153
I do 88 replacement flying on the 717. I see crj9 doing 88 replacement. I see the 88 taking a trip that used to be 717s. I freaking watched one route lose 4 md88s to 5 crj200s. It's how if works in the real world.
But notice I also said use a mix, a 190 on that route, 738 on that one, 717 on that one 2 E190s on that one, 320 on those, cr7 and a 319 there, and so on.
Its network. They figure it route by route and not what's better on a sheet of paper fly off not accounting for acquisition costs.
But notice I also said use a mix, a 190 on that route, 738 on that one, 717 on that one 2 E190s on that one, 320 on those, cr7 and a 319 there, and so on.
Its network. They figure it route by route and not what's better on a sheet of paper fly off not accounting for acquisition costs.
#154
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
Profit sharing is now 25% of last year.
http://ir.delta.com/files/earnings/2...ter-Profit.pdf
To convert profit sharing now, even one dollar would be a huge mistake.
http://ir.delta.com/files/earnings/2...ter-Profit.pdf
To convert profit sharing now, even one dollar would be a huge mistake.
This is like buy and hold investing. Taking profits is never a bad thing.
#155
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
It might be a mistake, it might not. If earnings go down, we will have lost out on the opportunity to monitize it while it's value is high. THAT would be a mistake. If earnings remain high, then we will be fortunate to keep it. The problem with option number 2 is that everything is cyclical. At some point, the earnings will show a reversal, and the value or worth of our profit sharing will go down. Management will not offer as much then as they just did for it, and we will lose compensation. I am fine with either way, but don't cry when those big PS checks stop coming someday. They are being diluted as we speak by all the hiring going on, whereas we could have had a hard amount added to our paychecks. That 5.7% (or whatever it was) would have been "permanent"
This is like buy and hold investing. Taking profits is never a bad thing.
This is like buy and hold investing. Taking profits is never a bad thing.
Meh.
Not a word of the above addresses any of the other concessions that went along with all that.
Drink the poison RA offered with the sugar he put into it?
No. Fortunately, the yea vote lost.
#157
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
It doesn't address them because it is not causative. In other words, what I am talking about has nothing to do with the other shortfalls of the TA. I am strictly talking about the potential loss of those monies when the economy turns south. It's math and completely unemotional. If you insist in connecting them, that's fine, but you need to realize that we are now behind in inflation by 15 days from where we would have been, and will require even more to break even with what was on the table. That task becomes more difficult as time goes by. Again, just math.
#158
It doesn't address them because it is not causative. In other words, what I am talking about has nothing to do with the other shortfalls of the TA. I am strictly talking about the potential loss of those monies when the economy turns south. It's math and completely unemotional. If you insist in connecting them, that's fine, but you need to realize that we are now behind in inflation by 15 days from where we would have been, and will require even more to break even with what was on the table. That task becomes more difficult as time goes by. Again, just math.
Just like investing tsquare. You have to include your losses for the year...not just the gains.
Carl
#159
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