Dal Still Losing Money

[Wiskey Driver]

WOW!!!! Hey 737Pylt, for all your bashing of us USAirways/AWA drivers, the constant posting of our winter troubles on the eastcoast and our meltdown during the res system transfer. All that and we still made a profit while DAL is not paying their bills and you're STILL LOSING MONEY.

That's a real crack operation you boys are runnin down south:laugh: Don't worry you get'em in the second QT right??:laugh:

NEW YORK, April 23 (Reuters) - Bankrupt Delta Air Lines Inc. (DALRQ.PK: which expects to exit Chapter 11 within days, posted a narrower first-quarter loss on Monday on higher fares and lower costs.
The No. 3 U.S. airline, which aims to emerge from bankruptcy by the end of this month and list new shares in early May, reported a loss of $130 million compared with a loss of $2.1 billion in the year-ago quarter. Results in both periods were burdened by restructuring expenses. Excluding costs related to the carrier's reorganization and other special items, Delta said it lost $6 million, compared with a loss of $356 million in the first quarter of 2006.

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Operating revenues rose 8.7 percent to $2.8 billion, boosted by higher fares and increased capacity.
Delta is exiting bankruptcy amid signs of softening demand for domestic U.S. air travel. A slowdown in air travel could threaten the long-suffering industry's nascent recovery.
Last week, Continental Airlines Inc. warned that it expects yields -- a measure of average ticket prices -- to decline this quarter, while Southwest Airlines Co. (LUV.N: said it expected second-quarter unit revenue to be down from the previous year. But Delta is optimistic it can continue its improvement once it exits Chapter 11. Continued...

 

[terryhfly]

Talk about carrying a grudge!!! Dude

 

[StopNTSing]

Look, the merger fell through. Get over it and go your separate ways. Ditto for you DAL boys.

 

[BID]

155 million operating profit.

 

[General Lee]

We are getting stronger, and coming after YOU

Delta Air Lines Reports $155 Million Operating Profit for March 2007 Quarter
Monday April 23, 8:00 am ET
ATLANTA, April 23, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (Other OTC:DALRQ.PK - News) today reported results for the quarter ended March 31, 2007. Key points include: * Delta's operating profit for the March 2007 quarter was $155 million, the company's fourth consecutive quarterly operating profit. * Delta's first quarter net loss was $130 million. Excluding reorganization items, the net loss was $6 million. 1,2 * On April 16, 2007, Delta announced its creditors overwhelmingly support the company's plan of reorganization, with more than 95 percent of ballots cast in favor of the plan. * As of March 31, 2007, Delta had $4.0 billion in cash, cash equivalents and short-term investments, of which $2.9 billion was unrestricted.

Delta reported a net loss of $130 million in the first quarter of 2007, compared to a net loss of $2.1 billion in the first quarter of 2006. Excluding the reorganization and special items described below, the net loss was $6 million in the first quarter of 2007, a $350 million improvement compared to the net loss of $356 million in the first quarter of 2006. For the March 2007 quarter, Delta's operating income was $155 million and its operating margin was 3.7 percent -- an improvement of more than 8 points over the prior year period, excluding special items.

``The past 18 months have been challenging times and Delta people rose to that challenge. As these results show, much more has been done than improving our financial structure. Delta has fundamentally transformed into a thriving industry leader,'' said Gerald Grinstein, Delta's chief executive officer. ``We are stronger -- financially, operationally, and in spirit -- and Delta is ready to return to its traditional leadership position in this highly competitive industry.''


Financial Performance

Strong passenger demand, combined with Delta's network restructuring and revenue management initiatives, drove improvements in the company's revenue performance, with revenue strength seen in all geographic markets. Delta's total international passenger unit revenue (PRASM) grew 6.4 percent year over year excluding special items, with the Latin and trans-Atlantic markets each seeing greater than 5 percent PRASM improvement on 32 and 22 percent capacity increases, respectively. Domestic markets also showed solid PRASM performance, with domestic PRASM up 6.3 percent excluding special items on 5.4 percent lower capacity. With the change in mix of domestic and international flying, Delta's consolidated PRASM increased 4.5 percent in the March 2007 quarter compared to the same period in 2006, excluding special items.
Delta's length of haul adjusted PRASM increased 6.1 percent for the first quarter 2007 versus first quarter 2006. This increase was 4 points higher than the industry average PRASM (excluding Delta) increase of 2.1% over the same period.

Additionally, Delta continued to generate cost reductions from its restructuring. For the March 2007 quarter, Delta's operating expenses decreased 2.3 percent, or $94 million, despite a 2.0 percent increase in capacity, compared to the March 2006 quarter, excluding special items. For the same period, non-operating expenses decreased 20.3 percent, or $41 million, due to lower interest expense from lower debt levels and mark-to-market gains on fuel hedges. Delta's mainline unit costs in the first quarter of 2007 decreased by 6.3 percent compared to the first quarter of 2006, excluding special items. Excluding fuel(3) and special items, mainline unit costs decreased 8.7 percent over the prior year period.
Delta's March quarter 2006 results included $1.7 billion in non-cash charges for reorganization and special items. Including those items, March 2007 quarter PRASM increased 7.1 percent, operating expenses decreased 5.1 percent (or $215 million), and mainline unit costs decreased 9.8 percent, as compared to the March 2006 quarter.

At March 31, 2007, Delta had $4.0 billion in cash, cash equivalents and short-term investments, of which $2.9 billion was unrestricted. During the March 2007 quarter, Delta generated $461 million in free cash flow, after a $50 million contribution to its defined benefit pension plan and more than $150 million in capital expenditures to reinvest in its business.
``Our financial performance this quarter -- both operating margin improvement and liquidity -- exceeded expectations under our plan,'' said Edward H. Bastian, Delta's executive vice president and chief financial officer. ``As we emerge from bankruptcy, we are well positioned to build on the momentum of our restructuring with best-in-class costs, improving revenue performance, a strong balance sheet, and the premiere workforce in the industry.''

Operational Performance

In the March 2007 quarter, despite severe weather in the Northeast, Delta employees worked together to deliver a DOT on time arrival rate of 78.1 percent and completion factor of 98.0 percent for the quarter. Delta employees earned Shared Reward payments in the quarter in recognition of the strong performance in on time arrival rate and completion factor, as well as customer satisfaction.



Bye Bye--General Lee

 

[Wiskey Driver]

Talk about carrying a grudge!!! Dude

TerryH,

How have you been, haven't seen you in a while.

You really have to see and understand the irony of this thing. 737 and I go back a ways and the teasing between us now is sort of mandatory. He scans the news wire day in and day out looking for bad press on USAirways and when he finds it, we're hit. Now I do the same but keep in mind that it's just teasing. We all do the same exact job just in different colors...

WD.

 

[Wiskey Driver]

Look, the merger fell through. Get over it and go your separate ways. Ditto for you DAL boys.

It's all in good fun bro, that's why you see no real insults or name calling


WD.

 

[Wiskey Driver]

Delta Air Lines Reports $
Delta reported a net loss of $130 million in the first quarter of 2007, compared to a net loss of $2.1 billion in the first quarter of 2006. Excluding the reorganization and special items described below, the net loss was $6 million in the first quarter of 2007, a $350 million improvement compared to the net loss of $356 million in the first quarter of 2006. For the March 2007 quarter, Delta's operating income was $155 million and its operating margin was 3.7 percent -- an improvement of more than 8 points over the prior year period, excluding special items.

Getting stronger huh?? You drinking milk too:laugh:

WD.

 

[General Lee]

Yes???

Delta Air Lines Reports $
Delta reported a net loss of $130 million in the first quarter of 2007, compared to a net loss of $2.1 billion in the first quarter of 2006. Excluding the reorganization and special items described below, the net loss was $6 million in the first quarter of 2007, a $350 million improvement compared to the net loss of $356 million in the first quarter of 2006. For the March 2007 quarter, Delta's operating income was $155 million and its operating margin was 3.7 percent -- an improvement of more than 8 points over the prior year period, excluding special items.

Getting stronger huh?? You drinking milk too:laugh:

WD.

At March 31, 2007, Delta had $4.0 billion in cash, cash equivalents and short-term investments, of which $2.9 billion was unrestricted. During the March 2007 quarter, Delta generated $461 million in free cash flow, after a $50 million contribution to its defined benefit pension plan and more than $150 million in capital expenditures to reinvest in its business.
``Our financial performance this quarter -- both operating margin improvement and liquidity -- exceeded expectations under our plan,'' said Edward H. Bastian, Delta's executive vice president and chief financial officer. ``As we emerge from bankruptcy, we are well positioned to build on the momentum of our restructuring with best-in-class costs, improving revenue performance, a strong balance sheet, and the premiere workforce in the industry.''


We are coming to get you! You better run!

Bye Bye--General Lee

 

[Wiskey Driver]

At March 31, 2007, Delta had $4.0 billion in cash, cash equivalents and short-term investments, of which $2.9 billion was unrestricted. During the March 2007 quarter, Delta generated $461 million in free cash flow, after a $50 million contribution to its defined benefit pension plan and more than $150 million in capital expenditures to reinvest in its business.
``Our financial performance this quarter -- both operating margin improvement and liquidity -- exceeded expectations under our plan,'' said Edward H. Bastian, Delta's executive vice president and chief financial officer. ``As we emerge from bankruptcy, we are well positioned to build on the momentum of our restructuring with best-in-class costs, improving revenue performance, a strong balance sheet, and the

( premiere workforce in the industry.'' ) Yeah because you line up with mgt and sing kumbayah! This action is sure to come back a new contract time as mgt will be looking for you to sing in harmony with them once again....


We are coming to get you! You better run!

Bye Bye--General Lee

Ya killing me Gen you are absolutly killing me...

WD