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TSA Sees Lowest Travel #'s Since May

Old 09-13-2021, 09:59 AM
  #41  
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Originally Posted by BeatNavy View Post
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.

I agree with what you are saying, I’m just saying based off what I am reading, I do expect delta to post a Q3 profit. Not a big one, but I think it will be there. I agree we are hardly out of the woods and as long as ThE vArIaNtS keep getting hyped non stop my the MSM I don’t think we will be too comfortable at the airlines.
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Old 09-13-2021, 02:17 PM
  #42  
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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.
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Old 09-13-2021, 02:40 PM
  #43  
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Originally Posted by dera View Post
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.
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.
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Old 09-13-2021, 02:51 PM
  #44  
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Originally Posted by CBreezy View Post
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.
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.
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Old 09-13-2021, 03:07 PM
  #45  
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Originally Posted by dera View Post
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.
Google doesn't work on your computer?

https://news.delta.com/delta-air-lines-announces-june-quarter-2021-financial-results
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Old 09-13-2021, 03:12 PM
  #46  
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Also look to see what airlines are in negotiations that are claiming bookings are dropping off and wont be profitable. WN said that 3rd quarter they wont make a profit then next week said they want to get a whole bunch of new planes. Now if those pesky pilots would just take a neutral contract we can get those planes!
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Old 09-13-2021, 04:37 PM
  #47  
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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.
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Old 09-13-2021, 05:28 PM
  #48  
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Originally Posted by dera View Post
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.
Totally agree, anyone who thinks all the rainbow and unicorn hiring projections will come to fruition better hope for some big changes very soon, otherwise as we saw in 2019 that can turn into projected furloughs really quickly, particularly at carriers with limited retirements.
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Old 09-13-2021, 06:24 PM
  #49  
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An extra “passport” for domestic travel will surely have an impact.

Not arguing pro/con, but as a national policy, making that a requirement to travel is going to put a dent in bookings.

It could also be a fig leaf to go back to the trough for more CARES.
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Old 09-13-2021, 06:27 PM
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Originally Posted by dualinput View Post
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.
completely agree. My county has issued a mask order and no business will enforce it. About half the people wear one yet nobody goes "karen" on those who dont.
I'm in NYC right now and I havent seen one place enforce the vaccination mandate. Businesses know that if they start enforcing that crap they will be out of business. 75% of minorities in NYC haven't gotten the shot. That's a lot of people to refuse service to
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