Delta 3rd quarter loss
10-22-2009 | 02:50 PM
#81
Happy to be here
Joined: Jun 2006
Posts: 18,563
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From: A-320A
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.
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.
10-22-2009 | 03:35 PM
#82
Gets Weekends Off
Joined: Apr 2008
Posts: 1,619
Likes: 0
10-22-2009 | 03:47 PM
#83
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
10-22-2009 | 06:01 PM
#85
Inventory survival kit ..
Joined: Jul 2008
Posts: 1,069
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From: Seeking no jacket required rotations
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.
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.
10-22-2009 | 06:13 PM
#86
Happy to be here
Joined: Jun 2006
Posts: 18,563
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From: A-320A
10-22-2009 | 06:55 PM
#87
Gets Weekends Off
Joined: Apr 2008
Posts: 3,457
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From: LAX ERA
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
Last edited by Ferd149; 10-22-2009 at 07:30 PM.
10-22-2009 | 07:07 PM
#88
Line Holder
Joined: Sep 2007
Posts: 70
Likes: 0
Your lucky, my normal place at the lake in central ND isn't doing so well this year, numbers are down a lot in that area. I went out last week around the DIK area and it was great, if I tried I could have filled my limit just driving the pickup around.
10-22-2009 | 08:00 PM
#89
Da Hudge
Joined: Oct 2006
Posts: 17,473
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From: Poodle Whisperer
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
Ferd
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....
10-23-2009 | 06:37 AM
#90
Gets Weekends Off
Joined: Feb 2008
Posts: 20,869
Likes: 188
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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