Delta 1.4B Loss
 

Sorry to see this............

Delta Airlines Reports $1.4B 4th Quarter Loss | WSPA

For the December quarter, Delta reported a net loss of $1.4 billion, including $900 million related to employee equity awards and a $91 million loss on fuel hedges. Delta would have reported a $167 million net profit for the quarter, excluding special charges, if fuel had been purchased at market prices. As of Dec. 31, Delta had $6.1 billion in total liquidity and cash collateral posted with hedge counterparties.

Go to Delta.com and go to the new feed. Read all 21 pages of the release. It is not the bad news that all are hoping or thinking it is.

FWIW, it is still rated as a buy. I know I have been buying it. My guess is over 20 by mid 2010.

Who's hoping for bad news? :confused: We've got enough of that around here already.

Most people like to see DAL do bad, it on some level makes them think our egos will get bruised. (From a UAUA bud and a SWA bud of mine) Not my words.
You know we are the double breasted a-holes.

I hope not, I work here! The stocks dropping 20% means those losses aren't all smoke and mirrors. Still waiting for a 500 million quarterly profit from somewhere, can't lose money forever.

Then again, maybe it's always been this way and the whole Enron situation changed the way companies must report?

THe charge for stock issues was smoke and mirrors. No actual cash outflow. THe 600 million plus losses on hedges are however real dollars and come right out of cash on hand. SWA got hit very hard on this and it had a dramatic impact on cash. Same for Delta just on a smaller scale.

So... when are the pay cuts coming?

LOL. back to full B-Scale or perhaps, the all inclusive C-Scale (NWA style of course)...

I've given up on the dream of sitting left seat, A-Scale, making the same yearly salary as a house in La Jolla, CA costs. The cash advantage (300k/yr Captain and a 300K home a block from the beach) those pilots from the 70's and 80's had was and forever will be unbelievable. Could've paid the first one off in 5 years, bought two more and sold them with enough cash on hand to fund the rest of his life.