Delta Air Lines Announces First Quarter Results

[RedDogC130]

http://finance.yahoo.com/news/Delta-Air-Lines-Announces-prnews-1820727247.html?x=0&.v=1

 

[ACL65PILOT]

Those were the street estimates.

 

[JonnyKnoxville]

I would say the synergies are working.

Cash position is up, debt is down, they bought two 777s with cash and are on track to pay 1 billion toward pension funding this year. The real killer is their overall debt seems high and the amount of money they pay in interest also seems like a large amount. But at least they are paying it down and not increasing their debt position.

It seems to me that they are trying not to show a profit while at the same time shoring up their balance sheet.

 

[scarlet]

How many quarters has Delta shown a profit since 2001?

 

[ACL65PILOT]

Two. Since 2001

 

[ACL65PILOT]

Jonny, paying down debt needs to be done for many reasons. One, we need the War chest, and two our debt service (money we pay per year in interest) is about 2.3 billion. That is the pilot pay cuts in 1113C.
Their stated plan is to pay our debt down from 17 billion to 10 billion in the next 2-2.5 years. That is aggressive, and very smart. The debt that will be paid off is the high interest debt, so it will be safe to assume that or debt service will be cut in about half. That alone will cover about six or seven 777's a year, or 85-90% of C2K+. (Not saying it will go to that, just using those examples for illustration purposes.)

FWIW, they want more 777 but there are no production slots open yet.

 

[JonnyKnoxville]

I think they are managing the balance sheet very well. I would agree that their debt pay down is the right move. Just wish I could be on the inside rather than the outside looking in. By the way, any more talk of stapling wholly-owned regionals to the bottom of the list?

 

[Scope out RJ's]

I think they are managing the balance sheet very well. I would agree that their debt pay down is the right move. Just wish I could be on the inside rather than the outside looking in. By the way, any more talk of stapling wholly-owned regionals to the bottom of the list?

Johnny:
That was an option, but you can thank your pals joemerchant, n2264j, and some of the other girls from the rjdc from that not happening!

 

[JonnyKnoxville]

Johnny:
That was an option, but you can thank your pals joemerchant, n2264j, and some of the other girls from the rjdc from that not happening!

Long-term grudges are always the best reason to make strategic business decisions going forward [sarcasm]. For your information, the people who supported the RJDC are the same people who do not want a staple. They are senior regional lifers and only would stand to lose from a staple. Everyone else on all list, and the profession as a whole, would benefit.

But you just keep redrawing that line in the sand on scope while the rest of us figure out how to take the whole beach (line borrowed form ACL65).

 

[Tanker Clown]

Delta loses another couple hundred million bucks. What else is new? These guys make Amtrack look like a solid business.

I'm sure that next quarter will be much better after all the cash from Song starts flowing in!

 

[ACL65PILOT]

Thank god you showed up. I was starting to worry.

Jonny. Time will tell. As you have stated, we need to takeover not just the line, but the beach and the dunes beyond. One cannot win unless they have the high ground as well. (That is unless you get air support)

 

[JonnyKnoxville]

Thank god you showed up. I was starting to worry.

Jonny. Time will tell. As you have stated, we need to takeover not just the line, but the beach and the dunes beyond. One cannot win unless they have the high ground as well. (That is unless you get air support)

Well what are we doing then, lets get to work!

 

[ACL65PILOT]

We are working on what needs to be fixed in preparation for section six.

There is a lot that will transpire over the next we years with regard to DCI.

 

[p3flteng]

What does a 777 cost? I was looking in the report and it was either to far in the weeds for me to figure out or I missed it.

 

[dalad]

Delta loses another couple hundred million bucks. What else is new? These guys make Amtrack look like a solid business.

I'm sure that next quarter will be much better after all the cash from Song starts flowing in!

Wow it must really suck being on the outside looking in with all those hours. Is the 1725+ time making coffee for the General? No wonder you can't get a job. I had more time in the F-4 when I got out after 7 years 10 months, and you have 20+ years smoking a Generals pole? Your LCA friend at SWA is going to regret it if he has anything to do with you getting hired.

 

[guntrain11]

Wow it must really suck being on the outside looking in with all those hours. Is the 1725+ time making coffee for the General? No wonder you can't get a job. I had more time in the F-4 when I got out after 7 years 10 months, and you have 20+ years smoking a Generals pole? Your LCA friend at SWA is going to regret it if he has anything to do with you getting hired.

+1

Funny that an Air Force tanker toad would comment on fiscal matters....

How's the cost of the C-17, F22, F35, A330vsB767 working out? Meanwhile, he's flying an early 1970's designed mid 1980's production aircraft while continuing to bust budgets....

dalad, thanks for your service! Clown writes like a typical REMF desk driver....probably a lifetime Major with those "perfect" OER's.

 

[kidflo]

+1

Funny that an Air Force tanker toad would comment on fiscal matters....

How's the cost of the C-17, F22, F35, A330vsB767 working out?

dalad, thanks for your service! ....probably a lifetime Major with those "perfect" OER's.

Hey CumTrain...how's the cost of those airplanes listed working out? How about 7 Wins and and 0 Losses in Wars and Major Conflicts since 1995.....plus YOUR FREEDOM! (so you can be a complete idiot)

OERs??? thats for enlisted..not pilots....go back to J@cking off to the History Channel

 

[Hamfighter]

Couple of questions:

There is a lot that will transpire over the next we years with regard to DCI.

What's the master plan with DCI? And,

...on track to pay 1 billion toward pension funding this year.

Where's my pension that I'm funding?

 

[scoreboardII]

I guess I don't get it, this is good news?

Delta's net loss excluding special items(1) for the March 2010 quarter was $192 million, or $0.23 per share. This is $501 million better than the prior year quarter excluding special items.

I mean it is better, but still...

We expect the positive revenue trends to continue and to be solidly profitable in the June quarter," said Richard Anderson,

As does every airline...

 

[ACL65PILOT]

If you are a Delta pilot, you voted your pension to be terminated in the 1113C process, you know that. Pensions are great but they are not in your name. I want money, lots of it, and all in my name from day one.

The master plan for DCI. That depends on the CEO. The will fulfill their contracts. What happens after that is the reason I left DCI. I saw the writing on the wall.