• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.

Dal Q1

hoover84

Well-known member
Joined
Aug 11, 2006
Posts
81
Total Time
20K
ATLANTA, April 21 /PRNewswire-FirstCall/ -- Delta Air Lines (NYSE: DAL - News) today reported financial results for the March 2009 quarter. Key points include:



  • Delta's net loss for the March 2009 quarter was $693 million, excluding the special items described below(1), or $0.84 per diluted share.
  • Excluding $684 million in realized fuel hedge losses and special items, Delta's results were breakeven.
  • Delta's reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted share.
  • In the March 2009 quarter, Delta realized approximately $100 million in synergy benefits from its merger with Northwest Airlines.
  • Delta generated approximately $600 million in operating cash flow and ended the quarter with $5 billion in unrestricted liquidity, which was unchanged from the balance at Dec. 31, 2008.
"Despite the worst economic recession in our lifetime, the fundamental strength of Delta's business allowed us to deliver breakeven results this quarter, excluding fuel hedge losses and special items. These results would not be possible without the hard work of all Delta employees - they are running a great airline while executing a seamless integration in the midst of this very difficult economic environment," said Richard Anderson, Delta's chief executive officer. "We remain focused on making disciplined decisions about capacity, costs and capital, achieving merger synergies and finding new sources of revenue."
(Logo: http://www.newscom.com/cgi-bin/prnh/20090202/DELTALOGO )
Delta completed its merger with Northwest Airlines on Oct. 29, 2008. Unless otherwise indicated, Delta presents financial results on a GAAP basis(2) which reflects both Delta and Northwest financial results for the March 2009 quarter, but only Delta standalone results for the March 2008 quarter. Delta believes this presentation is not meaningful in comparing year-over-year performance. As a result, the company also presents financial and operating information on a "combined basis". The combined basis compares Delta's GAAP results for the March 2009 quarter to results for the March 2008 quarter including both Delta and Northwest results for the entire period.
Revenue Environment
Delta's operating revenue on a GAAP basis grew 40% to $6.7 billion in the March 2009 quarter as a result of its merger with Northwest Airlines. However, on a combined basis, operating revenue declined $1.2 billion, or 15% year-over-year.

(in millions) 1Q09 1Q08 Incr 1Q09 1Q08 Incr GAAP(3) GAAP(3) (Decr) GAAP(3) Combined(4) (Decr) Passenger 5,601 4,100 37% 5,601 6,808 (18%) Cargo 185 134 38% 185 331 (44%) Other, net 898 532 69% 898 761 18% Total Operating Revenue 6,684 4,766 40% 6,684 7,900 (15%)
On a combined basis:
  • Passenger revenue decreased 18%, or $1.2 billion, compared to the prior year period due to the global economic recession and a 6% decline in capacity. Passenger unit revenue (PRASM) declined 12%, driven by a 9% decline in yield and a 3 point decline in load factor;
  • Cargo revenue declined 44%, or $146 million. This decline reflects significant weakness in demand and yields due to the global economic recession and declining fuel surcharge revenue, as well as reductions of dedicated freighter capacity; and
  • Other, net revenue grew 18%, or $137 million, primarily due to increased revenue from baggage fees implemented in 2008.
Comparisons of revenue-related statistics are as follows:

Increase (Decrease) 1Q09 (GAAP(3)) versus 1Q08 (Combined(4)) -------------------------------------- 1Q09 Change Unit Yield Capacity ($M) YOY Revenue GAAP(3) Passenger Revenue Domestic(5) $2,648 (21.4%) (10.8%) (10.7%) (12.3%) Atlantic 843 (18.6%) (19.7%) (11.6%) 1.3% Latin America 321 (9.8%) (10.6%) (3.2%) 1.1% Pacific 555 (7.5%) (2.8%) 1.0% (4.8%) Total mainline 4,367 (18.6%) (12.2%) (9.2%) (7.3%) Regional 1,234 (14.6%) (13.8%) (10.8%) (0.8%) Consolidated $5,601 (17.7%) (12.1%) (9.0%) (6.4%)
"Despite signs of stabilization in recent demand trends, we expect the revenue environment to continue to be under significant pressure for the remainder of the year," said Edward Bastian, Delta's president. "We believe lower fuel prices, combined with a focus on accelerating merger synergies and other initiatives will more than offset the revenue decline. The fundamentals of our business remain strong, and once the economic outlook improves, Delta will be best positioned to take advantage of the global recovery."
Response to Global Recession
In response to the global recession, Delta is implementing the following initiatives in 2009 to increase revenues, reduce costs and preserve liquidity:
  • Effective today, for international travel beginning July 1, Delta will charge customers a $50 fee to check a second bag, which the company expects to generate more than $100 million annually.
  • To improve profitability in its cargo operation, Delta will ground its entire fleet of 14 B747-200 freighter aircraft effective Dec. 31, 2009 due to that fleet's age and inefficiency.
  • As previously announced, Delta will reduce international capacity by 10%, compared to the prior year, beginning in September 2009. As a result, in the December 2009 quarter, Delta expects system capacity to be down 6%-8%, and international capacity to be down 9%-11%, year-over-year.
  • Delta is accelerating merger synergies to the extent possible, including certain initiatives related to cross-fleeting, technology, and loyalty programs, among others.
  • More than 2,500 employees participated in Delta's voluntary early out and early retirement programs offered in January 2009. Most of the employees who elected to participate in these programs are expected to leave the company following the summer travel season.
 

Voice Of Reason

Reading Is Fundamental !
Joined
Sep 21, 2004
Posts
1,369
Total Time
15 min
So where do the pilots from those fourteen planes go after Dec 31? Where do the pilots they bump go? Despite the previous post, these are in addition to anything we've heard on here (previous overstaffing status). 14 additional planes taken out of the loop is a lot of additional PILOTS to add to that mix...
My guess is you'll be hiring NO time in the next year???
 

HomerJ

Well-known member
Joined
Jun 7, 2006
Posts
160
Total Time
10,000
Doesn't matter how big the loss. They are now one of these companies that's "too big to fail." They will be propped up by taxpayers, judges and local politicians for years to come. They might go on for years and not make a penny, but no matter.
 

Voice Of Reason

Reading Is Fundamental !
Joined
Sep 21, 2004
Posts
1,369
Total Time
15 min
ACL--
I have to wonder if you are mgt/F&H trying to earn the trust of (and mold the thinking of) their pilot group. Looking at your posts (ESPECIALLY on ALPC) it seems inconceivable that you could actually be a line pilot. On ALPC the posts are constant, daily, and at all hours of the day/night. When do you ever fly or spend time with the family?

Any NEW info regarding reductions is always followed by "as expected" even though it involves things (like this ANC thing) that you or anyone else has NEVER mentioned. How is it that you, a relatively junior pilot (allegedly) have access to all of the "inner circle" info?

I wish the best for DL.... I shudder to think how many babies will be born after the first of the year to guys (who eat up all you say over there) that you told "everything's great go get your wives pregnant" just a month or two ago.....

Hopefully people recognize the extents F & H will go to...
 

jetjockey#1

Well-known member
Joined
Apr 17, 2005
Posts
161
Total Time
7200
Voice of Reason and HomerJ, how about minding your own business. I am sure your respective companies are making money hands over fists, why don't you both spend your time talking about that. It sucks the one time and you can never apply again at DAL, but for you two it seemed it worked. It amazes me how much people love to hate on DAL. Get over it, I am sure you can apply to many others fine companies.
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
Well there are going to be six 777 this year and early next at a min. Also there will be a few others added.
In effect you will see a lot of jets parked, but the same amount of seats available. (Pilot seats)
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
They have predicted this for over six months. I was glad it was not over a billion. If we had seen weaker demand and pricing power that would have been the case.
They are still predicting a BLACK year. I do not see us making 990 million but a few hundred is a very conservative estimate given our loads as of late.
 

Voice Of Reason

Reading Is Fundamental !
Joined
Sep 21, 2004
Posts
1,369
Total Time
15 min
Voice of Reason and HomerJ, how about minding your own business. I am sure your respective companies are making money hands over fists, why don't you both spend your time talking about that. It sucks the one time and you can never apply again at DAL, but for you two it seemed it worked. It amazes me how much people love to hate on DAL. Get over it, I am sure you can apply to many others fine companies.

Ummmm....How was I "hating on DL"? Quite the opposite...

FYI-- ACL65pilot does not = DL.

The quicker some of the kool-aid drinkers on ALPC realize that, the better,
Reading Is Fundamental.
 

vprMatrix

Active member
Joined
Mar 7, 2005
Posts
44
Total Time
5000+
ACL--
I have to wonder if you are mgt/F&H trying to earn the trust of (and mold the thinking of) their pilot group. Looking at your posts (ESPECIALLY on ALPC) it seems inconceivable that you could actually be a line pilot. On ALPC the posts are constant, daily, and at all hours of the day/night. When do you ever fly or spend time with the family?

Any NEW info regarding reductions is always followed by "as expected" even though it involves things (like this ANC thing) that you or anyone else has NEVER mentioned. How is it that you, a relatively junior pilot (allegedly) have access to all of the "inner circle" info?

I wish the best for DL.... I shudder to think how many babies will be born after the first of the year to guys (who eat up all you say over there) that you told "everything's great go get your wives pregnant" just a month or two ago.....

Hopefully people recognize the extents F & H will go to...


VOR. I hate to say it but, based on what I've read of your previous post you're obsessed with F&H and Delta and it affects your ability to have a logical, rational thought process.

I don't know anyone who expected a profit for the Q1. DL even stated that they expected a loss for Q1.

As for the 747-200s, this has been discussed in detail on ALPC and I believe this board as well. While it had not been officially announced, we have all discussed the fact that there has been no indication that the NW manuals would be converted to DL and that the aircraft would have to be park by SOC as a result. If I had to guess, F&H told DL to not announce the 747-200s being parked until their Q1 results to make it look like they were taking action.

Those F&H guys are devious....

VOR = :angryfire
 
Last edited:

Scope out RJ's

Banned
Well-known member
Joined
May 31, 2006
Posts
1,926
Total Time
20,000
ACL--
I have to wonder if you are mgt/F&H trying to earn the trust of (and mold the thinking of) their pilot group. Looking at your posts (ESPECIALLY on ALPC) it seems inconceivable that you could actually be a line pilot. On ALPC the posts are constant, daily, and at all hours of the day/night. When do you ever fly or spend time with the family?
Voice of whining. I have to wonder if you are a troll, obsessed with F & H trying to earn the trust of those who hate Delta. Looking at your posts (especially on FI) it seems inconceivable that you could actually be a human. On FI the posts are a constant whine, no matter what the subject. Whether it be obsession with Delta or with the Net Jets guys' jumpseating.
When do you ever stop whining like a little girl?

Any NEW info regarding reductions is always followed by "as expected" even though it involves things (like this ANC thing) that you or anyone else has NEVER mentioned. How is it that you, a relatively junior pilot (allegedly) have access to all of the "inner circle" info?
Maybe he has the board room bugged? Or maybe he pulls it out of his ass! As some troll from flight options, worry about your own house. Get back over there to the frac boards and tell those Net Jets guys how you feel about them jumpseating.

I wish the best for DL.... I shudder to think how many babies will be born after the first of the year to guys (who eat up all you say over there) that you told "everything's great go get your wives pregnant" just a month or two ago.....
No kidding. We all know how much FI pays an important part to people making livelihood decisions.


Hopefully people recognize the extents F & H will go to...
Ok, I get it now, you got rejected by some lawyer at F & H!
Look madam. There are plenty of men in the world. Have you tried Craig's list? Move along now!
Get lost troll!
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
You know what is funny, if many of our pilots attended the meet and greets and other information functions what I post would not seem so earth shattering.
I know it is foreign to you, but the leaders of this company actually convey information that is not protected by the SEC. If it is protected they say so.
As for this stuff, it has been known for many moons. It was not official. Now it is.

I have also stated that our leadership will not take furloughs off the table but that this time there are bigger fish to fry. We have a lot of inefficiencies that we need to deal with. The number one for pilots is getting us to where the airplanes are going to be based. That will take about two years post SOC.
I know, where did I hear that?
Well out of our VP of Flt Ops mouth at a meet and greet. In layman's terms a public open presentation.
Never think I would post something that is protected info, even I am no that dumb.
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
As for Ford and Harris. I know how they run this company. DAL does not do things to benefit the pilot group. We have just been in a period where their goals benefit us. Everyone here understands that, and the fact that the pilots of Delta are labor. Nothing more nothing less.
 

CFI2766

Well-known member
Joined
Dec 11, 2005
Posts
1,293
Total Time
4000
As for Ford and Harris. I know how they run this company. DAL does not do things to benefit the pilot group. We have just been in a period where their goals benefit us. Everyone here understands that, and the fact that the pilots of Delta are labor. Nothing more nothing less.


Insert the name of any airline here. Whether or not there are Boeings or Bombardiers on the ramp.
 

Whataburger

Well-known member
Joined
Jul 30, 2005
Posts
2,961
Total Time
40teen
New airline word of the day. Can you say, "Synergy Benefits," very good, boys and girls.
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
Insert the name of any airline here. Whether or not there are Boeings or Bombardiers on the ramp.

Exactly. Never forget it. They have taken our keys away to the safe. All we get to do is just look at all of the gold though a very thick bullet proof window. ;)
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
New airline word of the day. Can you say, "Synergy Benefits," very good, boys and girls.

You should see how many people they have already dumped on the street in MSP and ATL. Not a great place to be in this economy.
The general staff has been feeling the effect of this word for some time.
 

Whataburger

Well-known member
Joined
Jul 30, 2005
Posts
2,961
Total Time
40teen
You should see how many people they have already dumped on the street in MSP and ATL. Not a great place to be in this economy.
The general staff has been feeling the effect of this word for some time.


That does suck.

I was just poking fun at the new buzz words that seem to make it into our financial disclosures.
 
Top