Delta Makes a little over a 1/2 Billion.

[anewunion]

Nothing more to say. Moving on....

 

[xjlifer]

Should be a nice big profit sharing check for the pilots then....

 

[BILL LUMBERG]

Cue a Southwest hater in 3.....2......1.......MARK

 

[XR650R]

http://www.google.com/hostednews/ap...RfrEcg?docId=b0d82858244445f897938426845b0c5e
Pesky little details.
http://www.google.com/hostednews/ap...RfrEcg?docId=b0d82858244445f897938426845b0c5e

 

[Whataburger]

Makes half Billion before or after paying the gas bill?

 

["TheBigPicture"]

$545 MIL profit for UCH

 

[goahead]

You mean they lost 170 million

 

[fam62c]

Don't look at earnings look at cash position and the sources/destinations of that cash, it's all that really matters in the end and a much better measure of the financial condition of a company. Cash flow along with debt and the ability to service that debt is what really tells the story. Earnings are affected by all kinds of non-cash items. I'm not commenting on Delta here it's a general statement that applies to most types of companies.

 

[General Lee]

http://www.google.com/hostednews/ap...RfrEcg?docId=b0d82858244445f897938426845b0c5e
Pesky little details.
http://www.google.com/hostednews/ap...RfrEcg?docId=b0d82858244445f897938426845b0c5e

Notice this part of the article:


The culprit was $561 million in paper losses on oil price bets that hadn't settled yet. Those paper losses are smaller now because oil prices have risen slightly. If not for the hedging losses and other one-time items, Delta would have had a $586 million profit for the quarter, or 69 cents per share, a penny better than expected by analysts surveyed by FactSet.



The "hasn't settled" yet part. A hedge is ongoing until it settles, and that could be 18 months from now. Oil is coming back up, which lowers that paper loss over the length of the hedge. On the hedged fuel, there was a loss($155 million for the quarter). But it seems there was also a $586 million profit, $135 million in profit sharing for employees, and the stock went up yesterday in response by Wall St. The paper loss is like looking at your Merrill Lynch statement on how you are doing currently, but it doesn't count until you settle the hedge, and if oil prices come back up, it isn't as bad.



Bye Bye---General Lee

 

[SWA Bubba]

Notice this part of the article:


The culprit was $561 million in paper losses on oil price bets that hadn't settled yet. Those paper losses are smaller now because oil prices have risen slightly. If not for the hedging losses and other one-time items, Delta would have had a $586 million profit for the quarter, or 69 cents per share, a penny better than expected by analysts surveyed by FactSet.



The "hasn't settled" yet part. A hedge is ongoing until it settles, and that could be 18 months from now. Oil is coming back up, which lowers that paper loss over the length of the hedge. On the hedged fuel, there was a loss($155 million for the quarter). But it seems there was also a $586 million profit, $135 million in profit sharing for employees, and the stock went up yesterday in response by Wall St. The paper loss is like looking at your Merrill Lynch statement on how you are doing currently, but it doesn't count until you settle the hedge, and if oil prices come back up, it isn't as bad.



Bye Bye---General Lee

My God! Delta lost almost $170 million in the second quarter! That's normally the most profitable quarter! Whatever will you do?!


(Yes, I know you actually made a buttload of money in Q2--congratulations by the way--but I'm still doing my General Lee imitation)

Bubba

 

[General Lee]

My God! Delta lost almost $170 million in the second quarter! That's normally the most profitable quarter! Whatever will you do?!


(Yes, I know you actually made a buttload of money in Q2--congratulations by the way--but I'm still doing my General Lee imitation)

Bubba

Alright! I get your point! Thank you.


Bye Bye---General Lee

 

[FlyinGuy]

Just a paper loss....need I remind you what GL said when SWA guys made that same statement???

Anyway, nice job deltoids...

 

[B727FA]

And $135M set aside for our profit-sharing. Thanks, D!

 

[Secret Squirrel]

And $135M set aside for our profit-sharing. Thanks, D!

Yet their pension is underfunded by billions and getting worse every year because of unsavory accounting practices. No problem unless you are a former NWA person.

 

[jester757]

Yet their pension is underfunded by billions and getting worse every year because of unsavory accounting practices. No problem unless you are a former NWA person.

Time to loose those pensions boys...

 

[StopNTSing]

Cue a Southwest hater in 3.....2......1.......MARK

LOL! Do I really need to dredge up just how many SWA threads you've pi$$ed on in the past, Bill?

 

[jetflier]

Time to loose those pensions boys...

It's an accounting scam by management, and they have had their way with it.

Actually, I think that I would get more of a pension from the PBGC

 

[retired guy]

Time to loose those pensions boys...

What the heck is a loose pension?