I said alright. Not great. Not good. Manageable. According to several articles published in the last few days most airlines will be close to profitable or profitable in 3Q. Most did adjust their forecasts but most lowered them to the bottom of their window and expect a single digit percent decrease in revenue from the original forecast.

I believe DL is expecting to report a profit fo q3.

I agree, I suspect all the hiring is rolling the dice on normalcy in 2022. Things are unlikely to much different next year in my opinion, and if that’s the case I think things will change on the hiring front. I’ve been at my airline for 4+years and I wouldn’t be surprised if ultimately I’m furloughed.

5 days ago DL just said their Q3 earnings would be on the low side of guidance due to a large drop in bookings. Not sure what they guided exactly, but their Q2 numbers were still in the negative territory without payroll support to the tune of almost a $700mil loss. Couple that with rising costs with all the hiring and bringing people back over the last few months…not sure it will be a great earnings report (not just for delta, but for all airlines).

In other news -- the summer travel season is over.

I think Q3 guidance would take that into account, no?

"Delta Air Lines said it will likely post pretax profit when it reports results on Oct. 13, though it forecast revenue at the lower end of its forecast range"

the guidance I saw was Q3 EPS was projected to be somewhere between .66 and -.02

id be shocked if they don’t have a Q3 profit based on what I have been reading.

also I believe the only reason we were not profitable in q2 was due to write downs.

PTAX income was +700m
EBITDA was +900m
gross profit was -100m

What would those numbers be without payroll support? https://apnews.com/article/business-...5be1e35a8caf6f

“$1.5bil from PSP and other one time events” change the numbers you posted above significantly.

Also, I read elsewhere that 2H2021 CapEx will increase by $700m due to the a350s/739s being added to the fleet.

And to be clear I’m not hating on delta here. They are still in the best position imo and maybe still the best run of the legacies (not a fan of Ed, to be clear). But, nobody, including Delta, is out of the woods, and I think Q3 and the first part of Q4 will be rough for everyone. Just as summer exceeded expectations across the industry, the post-summer booking drop off has also exceeded expectations, in the wrong direction.

My post was in reference to the OP.