Originally Posted by BeatNavy (Post 3294497)

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.

Originally Posted by dera (Post 3294651)

Big 3 all would be losing around 1.5 billion / quarter without the PSP money. If and when that dries out, all this talk about "doing alright" will disappear, unless the world stops being nuts.

Originally Posted by CBreezy (Post 3294665)

You don't think that money is accounted for? You think as soon as they use it all, the CEOs will say, oops, we forgot! I guess instead of a profit, we're now losing Billions! Our bad.

I know Delta CEO lobbied against the CARES 3.0 and used his projected future profitability as a reason to oppose it. It would be probably close to criminally negligent to mislead the investors like that.

Originally Posted by dera (Post 3294668)

So where are they getting this 1.5 billion to replace it with? "projected future profitability" was a thing before the summer remember? Now it has turned into "lower than expected yields and loads".

This is far from over.

Originally Posted by dera (Post 3294668)

So where are they getting this 1.5 billion to replace it with? "projected future profitability" was a thing before the summer remember? Now it has turned into "lower than expected yields and loads".

This is far from over.

Originally Posted by dualinput (Post 3294714)

Did anyone see the football stadiums over the last two weeks. This thing is done. People are over it. I just booked my spring break and the ski resorts have no plans for any restrictions this winter. Oh and I bought three tickets on Delta. Hopefully they’ll let me Jumpseat as a prize.