Delta Air Lines reports a wider third-quarter loss

[crj567]

You might also want to take a moment and realize that the airlines of today are not designed to make gobs of money. They are the host for all of the fleas to suck off of.

Whatever do you mean, ACL? If you are making the point that politicans (and public perception) have turned the entire industry into a smoking Greyhound bus, I probably agree with you.

-Unfortunately, the business sense of such a model is none too persuasive to potential investors.

 

[ACL65PILOT]

Whatever do you mean, ACL? If you are making the point that politicans (and public perception) have turned the entire industry into a smoking Greyhound bus, I probably agree with you.

-Unfortunately, the business sense of such a model is none too persuasive to potential investors.

nevermind!

 

[BID]

In August, Delta said it planned to cut more management and administrative jobs but didn't say how many. CEO Richard Anderson told employees that Delta has seen its revenue stream decline by billions of dollars because of the weak economy and the drop-off in demand for air travel. Delta has also said it plans to cut international capacity by 15% starting in September. It will also adjust the international routes it serves, the number of flights offered and the size of planes it uses next summer as it seeks to return to profitability.
Delta ended the quarter with $5.8 billion in unrestricted liquidity, including $5.5 billion in cash, cash equivalents and short-term investments and $300 million available in a revolving credit line.
Delta remains on track with its integration of Northwest under its wing and expects to receive a single operating certificate from the FAA by the end of the year.


Question, 15% international capacity reduction? This has been announced before correct? These reduction numbers are so confusing.

 

[ACL65PILOT]

What month is it? Yep, they cannot cut capacity last month today.

 

[Full of LUV]

Now that is funny!

WOW!!! We get Tanker, CRJ567, and 9rj9 to comment??? Jealousy has many avatars!!!

Somebody rename this thread to "A-HOLE CHECK IN!"

Now that is the funniest post I've read in a while!

 

[PeanuckleCRJ]

Cash position increased from 5.4 billion to 5.8 billion.

I'm okay with that.

 

[Tanker Clown]

Cash position increased from 5.4 billion to 5.8 billion.

I'm okay with that.

That reminds me of Kevin Bacon in Animal House...."REMAIN CALM! ALL IS WELL!"

 

[Scope out RJ's]

That reminds me of Kevin Bacon in Animal House...."REMAIN CALM! ALL IS WELL!"

Jeez crj567, when you sign in as both usernames on 1 thread it makes you a bigger azzwipe than you already are.
Now, I'm sure you have some $5 BJ's to be giving out in the men's room at the ATL airport.
Make sure and wear that ASA uniform proudly!:laugh:

 

[BILL LUMBERG]

O.K., Champ, if "Cash on hand" is so easy to play with, and such a discretionary item, why did it not wind up in the "profit" column?

(I know the correct answer-and it has a lot to do with things which lead to bankruptcy.)

-Choose to look at this however you wish, but that little trickle back in the engine room ain't getting no smaller.

That trickle is the 50 seat RJ's not the mainline.....besides, if Delta goes out in BK, where will you be able to put on your uniform to impress the fat chicks?? You seem to think we keep you down, but we are the ones letting you fly our pax.

Mr. Cart I'd like to introduce you to Mr. Horse!

 

[BILL LUMBERG]

That reminds me of Kevin Bacon in Animal House...."REMAIN CALM! ALL IS WELL!"

Ok Niedermeier.....Just go away!!.....If I wanted to talk to you, I'd just open my zipper!!!

 

[BILL LUMBERG]

Now that is the funniest post I've read in a while!

Thanks Luv...

They set em up....I just knock em down!!

 

[crj567]

That trickle is the 50 seat RJ's not the mainline.....besides, if Delta goes out in BK, where will you be able to put on your uniform to impress the fat chicks?? You seem to think we keep you down, but we are the ones letting you fly our pax.

Mr. Cart I'd like to introduce you to Mr. Horse!

Here is how "cash on hand" works, Captain Einstein:

-Your credit processors require you to have a certain percentage on hand to cover their losses in the event you happen to bankrupt on their asses. You see, cash on hand may seem like a good thing, and it would be for personal or small business finance.

The problem with large corprations is "cash on hand" can be viewed as a type of credit rating. While it is not technically the same thing, it is a great reflection of how much faith the credit card folks have that a company will not BK on them, and leave them hanging. These guys require companies to increase this cash proportionally to percieved BK risk-this cash goes mostly to the credit card guys (and some other creditors-in this case there are many) in the event of a BK.

So, to enlighten people like Peaknuckle: Keeping an increasing apercentage of cash on hand to make the credit guys happy means an increasing risk of BK. Not such a good reflection of financial health.

-These credit card guys know what they are doing, they know what risks they are dealing with, and they sure as hell don't fall for this lame "synergy-goodwill writedown" crap so many of you can't figure out.

-Now you know. Do with this knowledge what you wish-wash away any hint of enlightenment with the sweet nectar of KoolAid, if it floats your boat.

 

[ACL65PILOT]

CRJ567, true to a point, but we are not required to keep 5+ billion in unrestricted cash on hand for that. 3 billion maybe.

 

[crj567]

CRJ567, true to a point, but we are not required to keep 5+ billion in unrestricted cash on hand for that. 3 billion maybe.

100% of cash on hand is never to please the credit card guys, but an increase in cash on hand during the same quarter as the company posts a loss could be for no other reason.

 

[ACL65PILOT]

100% of cash on hand is never to please the credit card guys, but an increase in cash on hand during the same quarter as the company posts a loss could be for no other reason.

How about the fact that they just refinanced over two billion in debt. There was some extra cash to that deal