Delta 1.4B Loss
01-27-2009, 08:06 AM
#2
Underboob King
Joined APC: May 2005
Position: Guppy Commander
Posts: 4,412
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 APC: Jun 2006
Position: A-320A
Posts: 18,563
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 APC: Dec 2007
Position: Delta Colors Busholio
Posts: 233
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
Joined APC: Feb 2008
Posts: 19,261
Originally Posted by Rotorhead
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 loose money forever.
01-27-2009, 09:31 AM
#10
Gets Weekends Off
Joined APC: Dec 2007
Position: Delta Colors Busholio
Posts: 233
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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