Dal Q1
04-21-2009 | 02:54 PM
#21
Gets Weekends Off
Joined: Apr 2008
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I don't care how you cut it, this is a huge loss for anyone. Plus United fared a lot better this quarter than Delta which surprised me. Waiting to see how CAL does tomorrow. Southwest loss was minimal when compared to Delta. Tough market but Delta's burning through cash quickly. Looks like a repeat to me.
04-21-2009 | 05:06 PM
#22
Back on TDY
Joined: Apr 2008
Posts: 12,487
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From: 747-400 Captain
Real good memo on the Delta Net that does a little bit of explaining, but from the Press Release I thought this was some good news.
“Delta’s operations generated more than $600 million in cash during the quarter, reflecting our
employees’ continued focus on liquidity preservation, productivity improvements, and achieving our
targeted synergy benefits,” said Hank Halter, chief financial officer. “Despite a decline in our expected
revenue outlook, we continue to project a profit for the year, as well as grow our unrestricted liquidity to
more than $6 billion by the end of the year.”
We reported unchanged liquidity of $5B this quarter - same as last quarter and project to have another $1B by the end of the year. If if he is only half right, that would be nice!
“Delta’s operations generated more than $600 million in cash during the quarter, reflecting our
employees’ continued focus on liquidity preservation, productivity improvements, and achieving our
targeted synergy benefits,” said Hank Halter, chief financial officer. “Despite a decline in our expected
revenue outlook, we continue to project a profit for the year, as well as grow our unrestricted liquidity to
more than $6 billion by the end of the year.”
We reported unchanged liquidity of $5B this quarter - same as last quarter and project to have another $1B by the end of the year. If if he is only half right, that would be nice!
Carl
04-21-2009 | 05:19 PM
#24
Moderator
Joined: Oct 2006
Posts: 13,088
Likes: 0
From: B757/767
I don't care how you cut it, this is a huge loss for anyone. Plus United fared a lot better this quarter than Delta which surprised me. Waiting to see how CAL does tomorrow. Southwest loss was minimal when compared to Delta. Tough market but Delta's burning through cash quickly. Looks like a repeat to me.
Well there ya go Relic01. Did UAL pay down $500 million is debt with the cash generated? I think we both missed that.
04-21-2009 | 05:40 PM
#25
Line Holder
Joined: Apr 2006
Posts: 509
Likes: 0
From: Work
yeah.........I'm a little more concerned with THIS part of the release...
To improve profitability in its Cargo operation, Delta will retire its remaining fleet of 14 Boeing 747-200 aircraft Dec. 31 because of that fleet’s age and inefficiency. Delta is accelerating merger synergies as much as possible, including cross-fleeting, technology, and loyalty programs, among others.
Delta also plans to remove 40 to 50 aircraft from the fleet this year, including a mix of DC-9, MD-88, B757-200, B767-300, B767-300ER, B747-400 aircraft, along with the B747-200 freighters. As previously announced, Delta will reduce international capacity by 10% starting in September.
To improve profitability in its Cargo operation, Delta will retire its remaining fleet of 14 Boeing 747-200 aircraft Dec. 31 because of that fleet’s age and inefficiency. Delta is accelerating merger synergies as much as possible, including cross-fleeting, technology, and loyalty programs, among others.
Delta also plans to remove 40 to 50 aircraft from the fleet this year, including a mix of DC-9, MD-88, B757-200, B767-300, B767-300ER, B747-400 aircraft, along with the B747-200 freighters. As previously announced, Delta will reduce international capacity by 10% starting in September.
04-21-2009 | 06:20 PM
#26
seeing the country...
Joined: Oct 2006
Posts: 3,992
Likes: 31
From: 73N A
Delta also plans to remove 40 to 50 aircraft from the fleet this year, including a mix of DC-9, MD-88, B757-200, B767-300, B767-300ER, B747-400 aircraft, along with the B747-200 freighters. As previously announced, Delta will reduce international capacity by 10% starting in September.
So - remember the market wants to see capacity reductions right now and this press release says that. But - with those aircraft additions, it's not a net 40-50 loss.
Also, I could see when the yields come back up Delta will bring planes back fast - along with a press release saying that they are adding aircraft to cover a growth in flying.
04-22-2009 | 02:39 AM
#27
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
Interesting that they only talked about removing aircraft from the fleet - remember we're getting more B777s this year, and at least 3 MD-90s.
So - remember the market wants to see capacity reductions right now and this press release says that. But - with those aircraft additions, it's not a net 40-50 loss.
Also, I could see when the yields come back up Delta will bring planes back fast - along with a press release saying that they are adding aircraft to cover a growth in flying.
So - remember the market wants to see capacity reductions right now and this press release says that. But - with those aircraft additions, it's not a net 40-50 loss.
Also, I could see when the yields come back up Delta will bring planes back fast - along with a press release saying that they are adding aircraft to cover a growth in flying.
Correct.
This is telling Wall St what they want to hear. The devil is in the detail.
04-22-2009 | 08:29 AM
#28
Underboob King
Joined: May 2005
Posts: 4,412
Likes: 0
From: Guppy Commander
yeah.........I'm a little more concerned with THIS part of the release...
To improve profitability in its Cargo operation, Delta will retire its remaining fleet of 14 Boeing 747-200 aircraft Dec. 31 because of that fleet’s age and inefficiency. Delta is accelerating merger synergies as much as possible, including cross-fleeting, technology, and loyalty programs, among others.
Delta also plans to remove 40 to 50 aircraft from the fleet this year, including a mix of DC-9, MD-88, B757-200, B767-300, B767-300ER, B747-400 aircraft, along with the B747-200 freighters. As previously announced, Delta will reduce international capacity by 10% starting in September.
To improve profitability in its Cargo operation, Delta will retire its remaining fleet of 14 Boeing 747-200 aircraft Dec. 31 because of that fleet’s age and inefficiency. Delta is accelerating merger synergies as much as possible, including cross-fleeting, technology, and loyalty programs, among others.
Delta also plans to remove 40 to 50 aircraft from the fleet this year, including a mix of DC-9, MD-88, B757-200, B767-300, B767-300ER, B747-400 aircraft, along with the B747-200 freighters. As previously announced, Delta will reduce international capacity by 10% starting in September.
747-400? Thats the first of that i've seen, is that a typo? Also the majority of that is already announced info and already accounted for. They are also swapping some airframes in the desert out with those being parked fwiw. as mentioned, its all in the details.
04-22-2009 | 08:35 AM
#29
Gets Weekends Off
Joined: Aug 2006
Posts: 216
Likes: 0
From: 320b
They announced last month that they were pulling 6 -400's. They are using 2 to replace the -200's for mil charters, and the other 4 will be swapped in and out for paint and mx spares.
04-22-2009 | 09:16 AM
#30
Underboob King
Joined: May 2005
Posts: 4,412
Likes: 0
From: Guppy Commander
oh yeah i remember that but i read it as they would be pulled as they were getting the insides overhauled (not parked for good in other words)
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