Delta loss

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07-16-2008 | 05:13 AM

The Chow

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From: 1st year pay for the 3rd time

Delta loss

How long can big "D" keep this up?

Delta swings to $1B loss, beats Wall Street view: Associated Press Business News: DAL - MSN Money

07-16-2008 | 05:25 AM

PaulFooley

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Not to be a pollyanna, but the bulk of the reported loss (1.1 billion) was a non-cash charge related to the tanking of the share price. Excluding this one-time charge, Delta actually reported a profit beyond Wall Street's projections and revenue came in above expectations as well. Given the current economic climate, I'll take these results...

07-16-2008 | 05:29 AM

Roper92

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From: Maddog FO

You go Delta! That is pretty impressive given the current fuel prices. It looks like their massive international expansion is working. I can't wait to see the 3Q results!

07-16-2008 | 05:36 AM

groundstop

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Did you read the article, or just post the link?

07-16-2008 | 05:59 AM

Spaceman Spliff

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From: 757/767 FO

Quote:

The Atlanta-based company also said it expects to achieve $2 billion in cost savings by 2012 from its acquisition of Northwest Airlines Corp. That is double what it estimated when it announced the deal on April 14.

...so we need to rush to approve the current POS TA....why??

07-16-2008 | 05:59 AM

The Chow

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From: 1st year pay for the 3rd time

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Originally Posted by groundstop

Did you read the article, or just post the link?

Yes I read that article. And I know that Big "D" states that this was becuase of one time items.....the same thing was said last quarter. Did you read the part that states Delta has lost 7 billion fiscal year to date?

07-16-2008 | 06:01 AM

The Chow

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From: 1st year pay for the 3rd time

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Originally Posted by Spaceman Spliff

...so we need to rush to approve the current POS TA....why??

Spaceman, did you see that part that states that the cost of integration has grown from 1 billon to 6 billion? I mean how does someone get their budget wrong 500%?

07-16-2008 | 06:04 AM

PaulFooley

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I read the part where it said the cost of integration went from a projected $1 billion to $600 million. (Psst....that's LESS money, not more.)

07-16-2008 | 06:07 AM

finis72

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From: 777 Sim Instructor

Chow,Obviously accounting was not a strong subject for you.Take the time to learn how to read a balance sheet or continue to show your ignorance.I prefer the latter,it's more entertaining.

07-16-2008 | 06:07 AM

#10

MaveRIC

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Chow,
you are right that this is alarming for Delta. I am quite worried about the trend. A 1.2 Billion loss is a LOSS - no matter what spin the company puts on it. However, the article stated that Delta plans on spending only 600 MILLION as compared to 1 BILLION on the integration (a savings of 400 MILLION).

"...It also said it expects to spend only $600 million in cash to integrate the two companies, compared to an earlier projection of $1 billion."