General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
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.
Wow, a $91 million loss, and the rest a non cash charge. Not bad in one of the worst quarters in history for even Southwest. Oil was still coming down from it's historic rise, we were hedged poorly (we thought they were good hedges compared to the July, 08 high of $140 a barrel), and the economy was starting to unravel. I would say that isn't too bad, but not great.
9Rj9,
How is UPS doing? Profitable for sure, but things in your arena aint great. You parked the last of your 742s (we are about to do the same), and a lot of your DC8s and some 757s are going to be parked on "standby", losing many runs. Not as many over age 60 guys flying for you will leave anytime soon thanks to the poor economy, and your friends at Fedex have threatened possible furloughs. (that can mirror what might happen to you) Enjoy it too. As a major US airline, I think we are positioned better than most to weather this storm. There is the spin for you.
Bye Bye---General Lee