CitationLover
Aw, Nuts!
- Joined
- Feb 26, 2003
- Posts
- 3,316
General Lee circa 2003.
"And remember, Delta lost a lot less than the other majors last quarter. We lost a total of $320mil, and $120mil of that was one of those one time charges---that supposedly don't come back. We knew in advance that this last quarter was our weakest. Our CFO believes that we will break even for the next three quarters--which is better than losses. We have more cash than anyone except Southwest, and another $5 billion we can mortgage. We put $65 million into Song, and another $30 million into new self-check-in kiosks (about 700 more) at major airports. Things are coming along fine at Delta--and we are adapting to the LCC threats, unlike most other Majors. AA lost close to $1Billion for the quarter, and UAL lost $1.5 billion ---or $500 million a month for three months. Now look again at Delta's $200 million loss (without the charge). We hedge fuel better than anyone--which will help during the Iraq war. We will be around after all of this, and probably buy up most of the pieces. I don't expect to see Jetblue or Southwest taxiing next to me in Rome anytime in the near future.
Bye Bye---General Lee "
http://forums.flightinfo.com/showthread.php?t=14270&highlight=delta+pay+concessions
you still listen to him?!?!
"And remember, Delta lost a lot less than the other majors last quarter. We lost a total of $320mil, and $120mil of that was one of those one time charges---that supposedly don't come back. We knew in advance that this last quarter was our weakest. Our CFO believes that we will break even for the next three quarters--which is better than losses. We have more cash than anyone except Southwest, and another $5 billion we can mortgage. We put $65 million into Song, and another $30 million into new self-check-in kiosks (about 700 more) at major airports. Things are coming along fine at Delta--and we are adapting to the LCC threats, unlike most other Majors. AA lost close to $1Billion for the quarter, and UAL lost $1.5 billion ---or $500 million a month for three months. Now look again at Delta's $200 million loss (without the charge). We hedge fuel better than anyone--which will help during the Iraq war. We will be around after all of this, and probably buy up most of the pieces. I don't expect to see Jetblue or Southwest taxiing next to me in Rome anytime in the near future.
Bye Bye---General Lee "
http://forums.flightinfo.com/showthread.php?t=14270&highlight=delta+pay+concessions
you still listen to him?!?!