Delta 1.4B Loss
01-27-2009 | 07:52 AM
#1
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Gets Weekends Off
Joined: Aug 2006
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01-27-2009 | 08:06 AM
#2
Underboob King
Joined: May 2005
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From: Guppy Commander
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.
01-27-2009 | 08:25 AM
#3
Happy to be here
Joined: Jun 2006
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From: A-320A
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.
FWIW, it is still rated as a buy. I know I have been buying it. My guess is over 20 by mid 2010.
We've got enough of that around here already.
01-27-2009 | 09:17 AM
#6
Gets Weekends Off
Joined: Dec 2007
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From: Delta Colors Busholio
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.
Last edited by Rotorhead; 01-27-2009 at 09:31 AM.
01-27-2009 | 09:19 AM
#8
Gets Weekends Off
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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.
01-27-2009 | 09:31 AM
#10
Gets Weekends Off
Joined: Dec 2007
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From: Delta Colors Busholio
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.
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.
Last edited by Rotorhead; 01-27-2009 at 09:36 AM.
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