Delta Air Lines Announces $549 Million Profit Excluding Special Items

[piepieandbuddy]

Do you think Delta will buy Hawaiian Airlines soon????

 

[ACL65PILOT]

Do you think Delta will buy Hawaiian Airlines soon????

No idea, but that HND slot is sitting there looking tasty!

 

[jonjuan]

No idea, but that HND slot is sitting there looking tasty!

As are the A-350s!

 

[ACL65PILOT]

I would not be overly surprised to see DAL get the 350XWB. It really depends on Boeing.

 

[johnsonrod]

I would not be overly surprised to see DAL get the 350XWB. It really depends on Boeing.

A Delta friend of mine said he has heard of a possible accleration of 787 orders because the airline is having a hard time putting in adequate crew rest facilities (no room) on the A330-200s, and thus cannot fly them over 12 hours. Just a rumor, though.

 

[jonjuan]

A Delta friend of mine said he has heard of a possible accleration of 787 orders because the airline is having a hard time putting in adequate crew rest facilities (no room) on the A330-200s, and thus cannot fly them over 12 hours. Just a rumor, though.

The BA CEO just reported that the 787 will now be certified in '11 versus '12 as reported last week.
Very amateur of Anderson to say he" had no idea" on the CC today when asked about the 787. He hasn't talked with Boeing about the status of flight test or possible delivery dates which could potentially be in less than 24 months? As a big part of the future international capability of the airplane and how it ties into expansion plans, he certainly appeared blind-sided by the question and came across as a little indifferent. There are major financial institutions very interested in not only current, but also future plans and his response indicated he was only interested in the next 3 months or so. Granted, much lies on the economic situation short term, but cmon, act as sound as though you have at least heard of the plane before.

 

[ACL65PILOT]

He is negotiating in public. They are not happy with reparations for their failed delivery dates.

 

[BILL LUMBERG]

A Delta friend of mine said he has heard of a possible accleration of 787 orders because the airline is having a hard time putting in adequate crew rest facilities (no room) on the A330-200s, and thus cannot fly them over 12 hours. Just a rumor, though.

Oh yeah.....that sounds like a REAL rumor.....let's buy a 190 Million airplane because of "supposed" crew rest facilty problems.....

Good Lord....listen to yourself

 

[BILL LUMBERG]

The BA CEO just reported that the 787 will now be certified in '11 versus '12 as reported last week.
Very amateur of Anderson to say he" had no idea" on the CC today when asked about the 787. He hasn't talked with Boeing about the status of flight test or possible delivery dates which could potentially be in less than 24 months? As a big part of the future international capability of the airplane and how it ties into expansion plans, he certainly appeared blind-sided by the question and came across as a little indifferent. There are major financial institutions very interested in not only current, but also future plans and his response indicated he was only interested in the next 3 months or so. Granted, much lies on the economic situation short term, but cmon, act as sound as though you have at least heard of the plane before.

He is on record for NOT (REPEAT: NOT) wanting that airplane. Ya think maybe he's working the manufacturer in public? (think about it) Either A) wanting to lower the purchase rates....or B) working to get 777-300's on the the cheap or C) making Airbus a player even though Leo "I got Mine" Mullin signed an exclusive Boeing deal?

Yep....my money is on one of those......

 

[Jiminmem]

The exclusive deal was cancelled years ago. I believe when Boeing bought MD. It was one of the conditions to get the EU to sign off on the deal.

If Airbus offers aircraft at the right price, I'm sure Delta will have no problems purchasing them over Boeing.

 

[Mach 80]

Must be nice to have shed > $20 billion in debt thru bankruptcy and then cheer profits a few years later. Nice way to run a business and screw your debt holders and creditors.

 

[BILL LUMBERG]

Must be nice to have shed > $20 billion in debt thru bankruptcy and then cheer profits a few years later. Nice way to run a business and screw your debt holders and creditors.

Do we owe you money or something?

 

[Mach 80]

In a way you do. When a company who doesn't use bankruptcy as a way to compete has to compete with companies who do, it costs money for the non-bankrupt airline be it from employees who now have to negotiate their contract with the comparative effect of shredded contracts with employees from airlines who went thru bankruptcy or the more difficult position of having to compete with a competitor who was able to blissfully dump debt from the mismanagement of carrying too much debt or operating costs. The U.S. bankruptcy laws have destroyed the concept of Darwinism within business. To celebrate profits after dumping huge debt loads and shredding contracts and retirements is almost ludicrus and yes, it does harm to employees at truly succesful airlines.

 

[ACL65PILOT]

Ch11 ended three years ago, and except for the first two quarters after DAL's exit they have failed to turn a profit.

Also, creditors like Boeing were payed 100 cents on a dollar for their debt, and others were paid quite well. It is the whole point behind changing interest. The banks know it is risk, and they assign an interest rate for the given risk.

 

[DTW320]

Excellent answer ACL. Mach80, welcome to Corporate America.....everything you describe is not limited to the airline industry by a long shot. In fact, in terms of creditors vs the airlines in BK, those $$ pale in comparison to most other Fortune 500 BK's through history.

 

[Mach 80]

Thanks but I stand by my post.

 

[The Prussian]

So what you two guys are telling Mach is that corporate America is better off using the government's "crutches". I don't buy that either. The sooner you take government meddling out of the equation, the sooner you'd see a healthy corporate America. All I see is this industry sinking into a morass of quick sand. Mach...thanks for the clarity...someone has to have the guts to say it.

 

[jonjuan]

it does harm to employees at truly succesful airlines.

OK, let's start with this. Give us two examples of "truly successful airlines" and we'll then debate. However, keep in mind that we'll be looking at your examples from birth to current state and how they became truly successful and how they were/are able to and continue to maintain their "true success."
Waiting with baited breath for just two examples.........(bonus points for each example greater than two)....

 

[The Prussian]

OK, let's start with this. Give us two examples of "truly successful airlines" and we'll then debate. However, keep in mind that we'll be looking at your examples from birth to current state and how they became truly successful and how they were/are able to and continue to maintain their "true success."
Waiting with baited breath for just two examples.........(bonus points for each example greater than two)....

Hmmm...with this industry doing so well (with the aid of government intervention)...I know there's got to be more than one good example...hmm... Can I call a friend???

 

[BILL LUMBERG]

In a way you do. When a company who doesn't use bankruptcy as a way to compete has to compete with companies who do, it costs money for the non-bankrupt airline be it from employees who now have to negotiate their contract with the comparative effect of shredded contracts with employees from airlines who went thru bankruptcy or the more difficult position of having to compete with a competitor who was able to blissfully dump debt from the mismanagement of carrying too much debt or operating costs. The U.S. bankruptcy laws have destroyed the concept of Darwinism within business. To celebrate profits after dumping huge debt loads and shredding contracts and retirements is almost ludicrus and yes, it does harm to employees at truly succesful airlines.

mmmmkayyy,

Please do tell what successful airline you work for so I may structure a targeted answer.