Delta Air Lines Announces $549 Million Profit Excluding Special Items

[ACL65PILOT]

Listen to the earnings call.

http://biz.yahoo.com/cc/1/114861.html

RA has stated he is not going anywhere. I will say his number two has been quiet as of late.

 

[luckytohaveajob]

So will these results motivate UAL/CAL to play nice with it unions in hopes of creating similar results?

Contract 2000!

 

[regionalcap]

The talking heads are saying it is because it did not meet estimates.

I am sure some shorted it and are getting out.

It beat the estimates.

Excluding one-time items, the company earned 65 cents a share. Analysts had been looking for 63 cents.

 

[jonjuan]

It beat the estimates.

No it didn't-not on revenues.
http://blogs.barrons.com/stockstowa...ue-miss-passenger-rev-up-19/?mod=yahoobarrons

By Tiernan Ray

Shares of Delta Air Lines (DAL) are off 11 cents, or 1%, at $11.61, after the company this morning missed Q2 revenue consensus by about $100 million, reporting $.8.17 billion, but beat on the bottom line by two cents at 65 cents per share.

Total domestic passenger revenue rose 19% from a year earlier on a nearly 1% decline in capacity, the company said. Passenger revenue per available seat mile rose 19.4%, the company said, helped along by a 17% improvement in yield.

The company ended the quarter with $4.4 billion in cash and $1.6 billion in revolving credit untapped, it said.

For the current quarter, Delta projected operating profit of 10% to 12%, slightly higher than the 10% the company delivered in Q2.

The company said average fuel costs will rise a penny to $2.33 this quarter, it expects.

Consolidated capacity is expected to rise this quarter, rather than the decline experienced last quarter, the company said, but about 1% to 3% for “mainline capacity.”

 

[Crash Pad]

This will totally change the "when was the last year Delta made a profit game"

 

[maxblast72]

As the V-shaped recovery continues to take hold in America (as evidenced by the housing market rebound, rapidly shrinking unemployment, and business friendly regulatory environment), the legacies should continue to do really well.

 

[gearup5]

As the V-shaped recovery continues to take hold in America (as evidenced by the housing market rebound, rapidly shrinking unemployment, and business friendly regulatory environment), the legacies should continue to do really well.

Huh......Recovery....What country are you living in?

I hope I am missing the sarcasm.

 

[maxblast72]

Huh......Recovery....What country are you living in?

I hope I am missing the sarcasm.

Unemployment went down 0.2% last month because 650,000 people gave up looking for work. If we can just get 10 million more people to stop looking for work, unemployment will be back down to a normal 4-5%. Doesn't that sound like a V-shaped recovery?

 

[General Lee]

Huh......Recovery....What country are you living in?

I hope I am missing the sarcasm.

Are you Gretta Van Susteren, or Sean Hanity?


Bye Bye--General Lee

 

[jonjuan]

Are you Gretta Van Susteren, or Sean Hanity?


Bye Bye--General Lee

Don't worry- Hope is on the way!