DAL lost 1.4 billion, Spin it general lee

[Scope out RJ's]

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.

YAWN!

 

[Diesel-9]

Rumored at NATCO DAL is going to park 15-17 757's til demand improves. NWA probably 2-4 757's and bring 10-20 DC-9's out of the sandbox.

 

[FBN0223]

Rumored at NATCO DAL is going to park 15-17 757's til demand improves. NWA probably 2-4 757's and bring 10-20 DC-9's out of the sandbox.

By the looks of the May APA, I would say that rumor has some validity. Lots of DC-9 awards and some B757 displacements.

 

[Superpilot92]

We still have firm orders for 737-700s and 777s (with augmented crews). Maybe that will midigate any pending furloughs. Fingers crossed...

not to mention we are increasing the utilization of the aircraft on property and eventually the nwa side will be increased to meet the DAL staffing model.(which is already starting)

 

[Superpilot92]

from another forum

Capacity Discipline
In 2008, Delta demonstrated its firm commitment to capacity discipline and its ability to quickly reduce
fixed and variable costs associated with reduced capacity. Delta led the industry in early 2008 in
responding to high fuel prices and the weakening demand environment, resulting in a reduction in
domestic capacity of 11% in the last six months of 2008. Delta’s flexible and cost efficient fleet is a
unique tool that allows the company to reduce capacity quickly. In 2009, the company plans to remove
40-50 mainline aircraft from the fleet as it eliminates the fixed costs associated with its 6 – 8% system
capacity reduction. In addition, in January 2009, Delta offered its second voluntary workforce reduction
program in 12 months to more closely align its staffing with lower capacity levels. Delta will continue to
monitor the demand environment and has full flexibility to further reduce capacity if warranted."

The 40-50 mainline aircraft are the reductions that were already announced - the Delta summary of their press release said:

"Delta will continue to be a leader in capacity discipline. As a result of declining global demand, we announced in December a 6 – 8% system capacity reduction for 2009, including an 8 – 10% decrease in domestic and a 3 – 5% decrease in international capacity. "

 

[ACL65PILOT]

I have the numbers of what is going to be parked. It is mostly 757's and they are coming from both side, some ER's and a few 88's. We are selling or will sell off some of the older 320's. Also the 742's will be gone in the next 12 months.
None of this is new info, just a restatement of what has been previously announced.
FWIW, I think we need to further cut capacity. The flights are wide open. As in over 100 seat a flight. Now that is on most not all routes.
Few days ago DFW was 100+ avail on every flight. LAX had a 767 leave with only 75 seats filled.
What we see come presidents day weekend will determine how we operate in the 2nd and 3rd quarter.

 

[N2264J]

another regional troll more wannabeing on the majors

Yo Poindexter!

Did you get your degree from Joe's Bar and College?

I'm guessing English composition wasn't your strong suit.

 

[RP170]

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

And why are they still charging for checking bags and select seating? Pretty disgusting how the airlines continue to nickel and dime consumers when the economy is in the state it's in. The high price of oil was initially the reasoning behind baggage, seat, and beverage/snack fees by the airlines. What's the excuse now?

 

[ACL65PILOT]

If you read the 8-K you would see that these pricing practices brought in ~127 million this last quarter.

 

[ACL65PILOT]

Furloughs coming?

Depends on if we cut more than the 50 mainline jets that are already announced. My assumption would be that any more cuts would lead to furloughs. They may opt to keep the staffing where it is for the sake of all of the training that will be going on in the next few years.
Time will tell.

On a side note, I am not trying to get liquid, yet...

 

[ThisistheDream]

I recently heard that DAL wants to increase the block hours on the DC9 by 3 hours a day for the DC9, which at the current rate is only around 4.5 hours per day per aircraft. If that where to happen they would need alot more DC9 pilots to staff that. Also heard around 20 displacements per month for the next few months backwards into the A320 and DC9 from larger equipment.

 

[ACL65PILOT]

This is true. The time is coming from the 757's on both sides.

 

[ThisistheDream]

on a side note when is the DAL equity stock going to be sold and delivered??? The stock took a big dive again today when it was around 12 dollars something a few weeks ago?? today under 8 dollars thats 30 pecent less then we could have had????

 

[ACL65PILOT]

There should be an update soon. There are not a lot of people with the cash to buy that amount of stock out there.

 

[Superpilot92]

hopefully not any time soon!!

 

[bravodude]

I guess that is what it says.


Here is the same people who wrote that article finishing another article dealing with the loss:


Like rivals AMR Corp (AMR.N) and UAL Corp (UAUA.O), which reported losses last week, Delta complained of economic weakness that is eroding travel demand and forcing airlines to cut the number of seats for sale. But Chief Executive Richard Anderson was optimistic.
"Despite the difficult economic environment, we expect to be solidly profitable in 2009, driven by lower fuel costs, capacity discipline, and merger synergies," he said in a statement.
The airline industry was battered in 2008 by high fuel prices and later by economic weakness. Downsizing helped carriers bolster fares while travel budgets and demand shrank.
Delta had an advantage over its peers, however, as its merger with Northwest allowed it to make its operations more efficient.
Delta, which slashed its domestic capacity by 11 percent in the second half of 2008, said it would cut total mainline capacity by another 6 percent to 8 percent in 2009. The reduction will require the removal of 40 to 50 mainline aircraft from its fleet. (RJs or mainline planes? We know 13 742s will probably be parked, but have heard nothing other than RJs for the rest)

"They're definitely taking capacity down probably more than what people thought they would be doing," said Helane Becker, airline analyst at Jesup & Lamont Securities.
Airlines are braced for a particularly tough first quarter, she said, but the outlook improves later in the year.
"We think the second half of the year will be better," she said. "And I think that's the case for Delta."

RESULTS

Delta said its fourth-quarter net loss had widened to $1.4 billion, or $2.11 per share, from $70 million, or 18 cents per share, a year earlier, before the merger.
The results, however, feature one-time items, including a charge of more than $900 million related to broad-based employee equity awards, and a $91 million loss on out-of-period fuel hedges.
Top carriers have reported losses on these hedges as the price of jet fuel plummeted in the second half of 2008.

Excluding one-time items, the company said it had lost $340 million, or 50 cents per share. Although, fuel prices have fallen since July, Delta said its fourth-quarter fuel bill was 69 percent higher than it was a year earlier.

The company reported operating revenue of $6.7 billion, a 43 percent gain over the comparable period. Delta ended the quarter with $6.1 billion in liquidity.

Delta shares fell 4.3 percent to $9.50 in trading before the market opened. (Reporting by Kyle Peterson; Editing by Lisa Von Ahn)




Bye Bye--General Lee

WOW! How did SWA do General? wait whats that is that an operating profit at SWA I hear. You are correct my friend LBB just sucks as an overnight.

 

[bravodude]

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 will always think about you on payday sh!tbrick. How many paycuts have you taken, how does it feel to be generals biat$h.

 

[PuffDriver]

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.

Actually, they are at Comair.

 

[PuffDriver]

Yo Poindexter!

Did you get your degree from Joe's Bar and College?

I'm guessing English composition wasn't your strong suit.

You'll get the memo, don't worry.

 

[michael707767]

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.

You think allowing Obama to dump money is the fix? Tax cuts. That's what got us out of the last recession, the one before that, and the one before that.

More government spending will just dig a deeper hole.

 

[General Lee]

WOW! How did SWA do General? wait whats that is that an operating profit at SWA I hear. You are correct my friend LBB just sucks as an overnight.

Well my friend, we still have almost the same amount of liquidity on hand (something important these days since you can't borrow a lot from the bank at this time), and you guys took it in the shorts in that department. It was a bad quarter for all of us, and I think Q1 will probably be just as bad since we still have some exposure to some bad hedges. It gets better though each quarter, and RA stated we SHOULD have a solid profit for 09.

LBB does suk, and I am happy not to go there. I did just go to Lagos, Nigeria for the first time a couple weeks ago, and believe it or not it wasn't that bad. Lots of security, and a 24 flying hour block 3 day trip to a nice hotel with 5 restaurants and a nice pool. If you know expats there, it is not uncommon to go to their Lagos house (or compound) and feed raw steaks to their pet alligators in their backyard. I may have known someone who did that..... Yeah, LBB must be really fun....

BTW, I was told by a SWA pilot in ATL (commuting to VPS) that you guys were supposed to furlough up to 400 pilots, but as of now you have only limited your average line values (?), and there is absolutely no open time in the pot. Let's hope it works......


Bye Bye--General Lee

 

[Scope out RJ's]

..................

 

[Scope out RJ's]

I will always think about you on payday sh!tbrick. How many paycuts have you taken, how does it feel to be generals biat$h.

Don't worry about my paycheck junior I still have enough to send your mom every 2 weeks:laugh: . Worry about that furlough coming and how at least you were abe to BUY your job at volaris, comprende?

 

[learherkjay]

This is a really intelligent conversation. A bunch of pilots who have no control over the financial operations of their company, but who get into a shouting match over whose company execs are better at filing losses. Man, what has this board come to? I think the only safe thing to say is that it's bad all around.

 

[Benhuntn]

ScopeoutRJs I didn't buy my type to get on at SWA but you bought my type and many thanks it is the best gig in town....

 

[Linedriver]

This is a really intelligent conversation. A bunch of pilots who have no control over the financial operations of their company, but who get into a shouting match over whose company execs are better at filing losses. Man, what has this board come to? I think the only safe thing to say is that it's bad all around.

I agree completely.

Moderator, please turn up the intelligence and maturity level on this thread. Just turn'em right up.

 

[Scope out RJ's]

ScopeoutRJs I didn't buy my type to get on at SWA but you bought my type and many thanks it is the best gig in town....

Its a good thing its pay for training or you'd never have gotten hired!:laugh:

 

[727C47]

Actually, they are at Comair.

Good one ! but seriously I have friends and family in both houses, and I think both companies will prosper,despite the challenges ahead. Godspeed !

 

[densoo]

Hey at least $900 million went straight to employees instead of execs....

Was this a "signing bonus" for the pilots to go along with the merger? That's an average of 75K per pilot. Nice job!

CAL would use the merger as a stick and ask everyone to take pay cuts or else lose your job to make it happen...and they would!

 

[Linedriver]

Was this a "signing bonus" for the pilots to go along with the merger? That's an average of 75K per pilot. Nice job!

CAL would use the merger as a stick and ask everyone to take pay cuts or else lose your job to make it happen...and they would!

The equity payout wasn't only for the pilots. All employees received a portion of the equity.