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DAL lost 1.4 billion, Spin it general lee

9rj9

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These clowns took pay cuts for this....


For the recent quarter, the Atlanta carrier (DAL:
Last: 7.95-1.98-19.94%
said it lost $1.4 billion, or $2.11 a share, compared to a loss of $70 million, or 18 cents a share, in the year-ago period. Delta was hit by a $900 million non-cash charge related to employee equity awards in the most recent period, as well as a $91 million loss on out-of-period fuel hedges.
 

PuffDriver

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These clowns took pay cuts for this....


For the recent quarter, the Atlanta carrier (DAL:
Last: 7.95-1.98-19.94%
said it lost $1.4 billion, or $2.11 a share, compared to a loss of $70 million, or 18 cents a share, in the year-ago period. Delta was hit by a $900 million non-cash charge related to employee equity awards in the most recent period, as well as a $91 million loss on out-of-period fuel hedges.


There's nothing to spin. 900 million of that loss went right into the employees pockets. Time will tell on the paycuts. To put it another way, if Delta pilots--that's also NWA pilots take a true paycut in 2009, there will be 1 or more majors, and several LCCs in BK--taking pay cuts worse than Delta employees.
 

Full of LUV

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Wow, someone is miffed!!!

These clowns took pay cuts for this....


For the recent quarter, the Atlanta carrier (DAL:
Last: 7.95-1.98-19.94%
said it lost $1.4 billion, or $2.11 a share, compared to a loss of $70 million, or 18 cents a share, in the year-ago period. Delta was hit by a $900 million non-cash charge related to employee equity awards in the most recent period, as well as a $91 million loss on out-of-period fuel hedges.

Hey at least $900million went straight to employees instead of execs.... Not sure what paycuts you speak of, but at least it wasn't a 1.5 billion loss, there some spin for ya!
 

bravodude

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There's nothing to spin. 900 million of that loss went right into the employees pockets. Time will tell on the paycuts. To put it another way, if Delta pilots--that's also NWA pilots take a true paycut in 2009, there will be 1 or more majors, and several LCCs in BK--taking pay cuts worse than Delta employees.


Oh yes there is, you guys still lost money even after one time charges. In this case a loss is a loss!

Thats ok at least the general will come back on here and tell us how much LBB overnights suck.
 

Scope out RJ's

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Oh yes there is, you guys still lost money even after one time charges. In this case a loss is a loss!

Thats ok at least the general will come back on here and tell us how much LBB overnights suck.

Hey ****************************** bag. Get your own house in order. After 2 quarters of losses and dwindling cash, LUV isn't all its cracked up to be. Matter of fact, you're just like every other carrier out there.
Did you send in your application to Volaris yet? At least all that money wasted on that type won't go unused after your furlough, junior.
 

bravodude

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Hey ****************************** bag. Get your own house in order. After 2 quarters of losses and dwindling cash, LUV isn't all its cracked up to be. Matter of fact, you're just like every other carrier out there.
Did you send in your application to Volaris yet? At least all that money wasted on that type won't go unused after your furlough, junior.


I know that you have a problem readng english so i will make it easy on you, SWA had a profit ex one time items, DELTA HAD A LOSS EVEN EXCLUDING ONE TIME ITEMS! now its time to go back to grade school, go on now and be a good little girl.


Dont worry, im sure you will be able to try again and get an interview here, I will help you!( ha ha NOT)
 

Scope out RJ's

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I know that you have a problem readng english so i will make it easy on you, SWA had a profit ex one time items, DELTA HAD A LOSS EVEN EXCLUDING ONE TIME ITEMS! now its time to go back to grade school, go on now and be a good little girl.


Dont worry, im sure you will be able to try again and get an interview here, I will help you!( ha ha NOT)
Sorry, I didn't have to buy my job to get hired more than 14 years ago. But I understand, living in mom and dad's trailer, times were tough, and all those "special favors;) " you did to to earn money and buy your job at Southwest. Now it looks when you get your furlough you can go apply to volaris. Comprende?:laugh:
 

ACL65PILOT

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Guys those payouts to the employees was in the form of stock for the merger. 75,000 employees got stock. That the 900 million.
91 million for fuel hedging related expenses, and a bucket load of merger related expenses.

These numbers suck. But it has been known for months that they would.
Q1 09 will be bad too, but with good reason. DAL is still forecasting a 1 billion dollar profit for 2009.
 

airborn

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Hey, YOU responded as well. Delta lost money, no question about it. Keep watching the cash. Profits and losses come and go. Cash is where the key is.


Na ne na ne poo poo, i think your airline is worse than mine and makes me look better and feel better about myself, na ne na ne poo poo.

I stand by my original post.
 

Whine Lover

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I just talked to General Lee...He said that they did lose 1.4 Billion, but that someone had found it after they had misplaced it in one of their desk drawers.

Now they are really going to grow and hiring will start next week. 800 pilots a year in perpetuity, according to Kit Darby.

YKMKR
 

~~~^~~~

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I just talked to General Lee...He said that they did lose 1.4 Billion, but that someone had found it after they had misplaced it in one of their desk drawers.
:D :D :crying:
 

N2264J

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Re: DAL lost 1.4 billion, Spin it general

DAL is still forecasting a 1 billion dollar profit for 2009.

But they'll say anything.

You better hope Obama is allowed to dump a train load of government money into this economy because if things get too tight, the first luxury people will give up is flying.

The Chinese are calling 2009 the year of the Ox. But as capacity declines, it may well turn out to be the year of the RJ.
 

Whine Lover

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" DAL is still forecasting a 1 billion dollar profit for 2009."

So am I.

I am also forecasting a 1 million dollar profit for myself for 2009....I'm just not sure how I am going to spend all that money. Of course, my forecast is predicated on me becoming employed again so, we'll just have to wait and see how that all works out.

In a related story, tomorrow's weather is supposed to be sunny according to today's forecast...


YKW
 
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PuffDriver

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But they'll say anything.

You better hope Obama is allowed to dump a train load of government money into this economy because if things get too tight, the first luxury people will give up is flying.

The Chinese are calling 2009 the year of the Ox. But as capacity declines, it may well turn out to be the year of the RJ.

Maybe so, but not at Comair
:laugh: :laugh: :laugh:

another regional troll more wannabeing on the majors
 

PuffDriver

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Na ne na ne poo poo, i think your airline is worse than mine and makes me look better and feel better about myself, na ne na ne poo poo.

I stand by my original post.



I agree. My post was in response to the apparent irony, in one poster's mind, in a loss combined with large pay cuts. My point was that much of the loss was in restoration of "pay"--driven completely and solely by the Delta pilots BTW. While we have indeed taken pay cuts, large ones, we have found ways of catching up--and in several cases exceeding--the compensation of our counterparts.

BTW, my airline is extremely well positioned to weather whatever comes our way, be it a downturn, a deep recession, a depression, or a bail out.

If Delta now goes away, everyone else is already gone, IMO. We will turn out the lights.

Nuff said.
;)
 

ACL65PILOT

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I have to agree 100% with what Puff stated. We at DAL are very well positioned to weather this.
That said, that does not mean that we will not shrink more or furlough. What it means is that this company will survive this economy storm we are now in.

Go to Delta.com and read the full report that was released this morning. There are some really good points in there.
One that I think that all pilots can put their minds around is this. DAL and NWA both had Passenger Unit Revenue (PRASM) above 100% this year. They were 101% and 103% respectively. That says a lot.
Also, we only saw a 1.7% decline in revenue year over year. Granted we saw an 8.4% decline in the domestic market, but we are not a domestic only player.

In all seriousness, go read it. It is 21 pages in length and is put in to terms that the lay man can understand. It will give you a fairly good perspective on where this company is and where it is going. I for one am glad I am here and no where else!
 

Max Powers

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Sorry, I didn't have to buy my job to get hired more than 14 years ago. But I understand, living in mom and dad's trailer, times were tough, and all those "special favors;) " you did to to earn money and buy your job at Southwest. Now it looks when you get your furlough you can go apply to volaris. Comprende?:laugh:

I think Delta boys and SWA girls have the biggest egos on here. It's always my airline is better than yours......Get a life people.
 

ACL65PILOT

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I personally feel that you should be proud of who you work for. There is nothing wrong with that.
It ends up showing in the job you do day in and day out.
This holds true for any job.
 
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