General Lee
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- Aug 24, 2002
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Delta Air Lines could see $5 bln benefit in '09 with $50 oil
By Christopher Hinton
Last update: 8:51 a.m. EST Dec. 2, 2008
Delta Airlines could see a $5 billion benefit in 2009 if oil remains at around $50 a barrel, said Ed Bastian, the company's president. In a Tuesday meeting with analysts in New York, Bastian said the rapid decline in fuel prices have more than offset a decline in passenger numbers and the slower revenue growth that followed. With oil prices most recently around $50 a barrel, passenger revenue would have to decline more than 20% to lose the cost benefit of cheaper fuel, and not even the terrorist attacks on Sept. 11, 2001, were able to do that, he said. For 2008, post-merger Delta will have paid $100 a barrel equivalent for jet fuel. Shares of Delta was up 3.5% in premarket trading to $8.24.
If that is the case, there better not be any furloughs, and our profit sharing checks should be "YOU---GE"......(huge said by Donald Trump) Fingers crossed!
Bye Bye--General Lee
By Christopher Hinton
Last update: 8:51 a.m. EST Dec. 2, 2008
Delta Airlines could see a $5 billion benefit in 2009 if oil remains at around $50 a barrel, said Ed Bastian, the company's president. In a Tuesday meeting with analysts in New York, Bastian said the rapid decline in fuel prices have more than offset a decline in passenger numbers and the slower revenue growth that followed. With oil prices most recently around $50 a barrel, passenger revenue would have to decline more than 20% to lose the cost benefit of cheaper fuel, and not even the terrorist attacks on Sept. 11, 2001, were able to do that, he said. For 2008, post-merger Delta will have paid $100 a barrel equivalent for jet fuel. Shares of Delta was up 3.5% in premarket trading to $8.24.
If that is the case, there better not be any furloughs, and our profit sharing checks should be "YOU---GE"......(huge said by Donald Trump) Fingers crossed!
Bye Bye--General Lee