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Originally Posted by Burn Notice
(Post 698839)
I have been lurking, but usually I am a day late and a dollar short in Brazil trying to catch up on posts. Finally ahead of the time zone to see what is going on. Anyway, I know, I know about RJET. I know DAL does have a pretty hard core legal team and there HAS to be a loophole somewhere. If not then I vote to hire BB to write out 2012 contract. All that aside, I'm just gonna concentrate on bidding for holidays and see what 2010 brings.
Gonna be one for the record books! (Of course I been thinking that for about the last 9 years!) Burn Notice PS-I voted today. |
Originally Posted by Jack Bauer
(Post 698886)
Was this aimed at me or Deltabound?
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Originally Posted by alfaromeo
(Post 698923)
I replied to your post, but it was meant for anyone who cares. I got to know how to read a P+L and balance sheet doing this and that and thought I would pass some of the knowledge along.
ALPA have a school for that? :cool: |
I remember when airline stocks were judged solely on EBITDA...
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Originally Posted by acl65pilot
(Post 698942)
It is great knowledge to have.
ALPA have a school for that? :cool: You learn on the fly while listening to ALPA's hired gun at MEC meetings. Make sure you bring lots of that free Starbucks Caffeine when the ALPA Economic Analysis team is in town and on your meeting agenda. |
Originally Posted by Nosmo King
(Post 699055)
No.
You learn on the fly while listening to ALPA's hired gun at MEC meetings. Make sure you bring lots of that free Starbucks Caffeine when the ALPA Economic Analysis team is in town and on your meeting agenda. |
Originally Posted by alfaromeo
(Post 698685)
Not exactly. If you buy an option for a future purchase, then you have to pay for that option. If it is not exercised, then you lose the money on that option. If you buy a collar and the fuel price is below the floor price, then you lose money on the put option. If you buy a swap and the price of the commodity (usually home heating oil) is below the swap price, then you eat the difference. Also with swaps, you may have to post collateral to cover part of the future price, so you lose access to that cash until the swap is covered.
Ferd |
Originally Posted by 1234
(Post 698552)
Pheasant in western ND. This will be the 3rd weekend in a row pheasant hunting and all of my kitchen passes are gone. Next week I will have to get back building up my kitchen pass "bank". ;)
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Originally Posted by Ferd149
(Post 699085)
LOL...Yup, that's how they work. I was trying to give the "readers digest" version, sorry for being overly simplistic. Yes, cash does "change hands" on the put and therefore you account for them. Oh, and yes, I did so well in college accounting that I have other people do my taxes:D
Ferd I tried to do my taxes for the first time this year... used turbo tax online. Was great until I got to my investments. I had my finger shoved so far up my nose from trying that it was really hard to dial my CPA to bring my stuff in.... |
Originally Posted by johnso29
(Post 698671)
Good Point Ferd, and one that a lot of guys look over. For some reason they think it's an actual cash loss, when it's actually just a loss in value.
Fuel hedging losses are actual cash losses just like fuel hedge gains are cash gains. According the the report the hedges for this quarter increased our fuel cost 11 cents per gallon. Prior to the merger a 1 cent per gallon increase in fuel was around 7 million per quarter. With the combined operation it should be around 12 million per quarter per sent. A 11 cent increase is over 140 million in actual cash gone. |
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