Delta post 88 million loss for October

[GOTAFLY]

What's going on, I thought they would do better.

 

[Zipperhead]

Waiting for General Lee to put his positive spin on it as usual with his compnay. B6 loses half a million in a quarter and Delta loses over 80 million in a month and he'll somehow put it in a positive light and bash Jetblue again.....


Hold your breath, it's comin....

 

[General Lee]

No, it wasn't the best month, but it was a large improvement from last years' OCT $265 million loss. That aint spin, but reality. It was a tough month, but not as bad as before.


Bye Bye--General Lee

 

[GOTAFLY]

Excluding one time reorganization items it was only a loss of 64 million in one month. Not bad General Lee.

Bye Bye Gotafly

 

[vetteracer]

How will this effect the sit-down with the creditors???

 

[fishalaska]

Thanks Delta Guys/Gals:

I flew with you on two roundtrips this month and EVERY flight was on time or early. It really made the trips easy. Additionally, the crew (pilots and FA) were all cordial and trying hard. This type of service will result in a profitable carrier. Keep it up and I hope you get all of your concessions back when the tables turn and you are pulling in big cash each month.

Fish

 

[jonjuan]

Much of the loss was Whitehurst's country club tab for entertainment of all of his Coca Cola buddies who are HUGE creditors for DAL.

 

[General Lee]

How will this effect the sit-down with the creditors???

Most airline people know the Fall is not as profitable, and OCT is always slower. It was a tough month no doubt. The creditors probably know the monthly cycle, and are probably looking at the big picture---with the lack of synergies with USAIR.

Bye Bye--General Lee

 

[SEVEN]

Still positioning for a merger with NWA. "A New Airline for the New Millinium."
YPF?

 

[YourPilotFriend]

Still positioning for a merger with NWA. "A New Airline for the New Millinium."
YPF?

Us airways is a hostile take over; NWA/DL is a winner, DAL/US is a loser. The french government wants to buy these airlines at any price.

 

[General Lee]

Us airways is a hostile take over; NWA/DL is a winner, DAL/US is a loser. The french government wants to buy these airlines at any price.

Very little overlap in a NW/DL merger. That is why it could pass. But, Jim Oberstar, a Congressman from MN, doesn't seem to like any airline mergers, and he is now Chairman of the Transportation Sub Committee.

Bye Bye--General Lee

 

[ultrarunner]

No, it wasn't the best month, but it was a large improvement from last years' OCT $265 million loss. That aint spin, but reality. It was a tough month, but not as bad as before.


Bye Bye--General Lee

To compare earnings to a year ago is essentially meaningless. What IS meaningful is projected earnings! I could give a $hit how much anyone made or lost 12 months ago, 24 months, etc...

Get folks in there than can do meaningful projections. Anyone can rattle off history...even the General could do that!

 

[crjdxr]

Delta Air Lines Reports Monthly Results for October 2006

ATLANTA, November 30, 2006 – Delta Air Lines (Other OTC: DALRQ) today filed its Monthly Operating Report for October 2006 with the U.S. Bankruptcy Court for the Southern District of New York. Key points include:

• Delta’s October 2006 net loss was $88 million, a $213 million improvement over October 2005.
• October 2006 net loss before reorganization items was $64 million.
• October 2006 operating loss was $9 million, a $187 million improvement over October 2005.
• As of October 31, 2006, Delta had $3.8 billion of cash, cash equivalents and short-term investments, of which $2.7 billion was unrestricted.

Delta reported a net loss of $88 million in the month of October 2006, compared to a net loss of $301 million in October 2005. Delta’s net loss before reorganization items was $64 million for October 2006, a $196 million improvement versus the prior year period. Delta’s operating loss of $9 million, a $187 million improvement over October 2005, includes the $43 million negative impact of fuel hedges for the month. As of October 31, 2006, Delta had $3.8 billion of cash, cash equivalents and short-term investments, of which $2.7 billion was unrestricted.
Restructuring Progress
In September 2005, Delta announced a comprehensive restructuring plan intended to deliver an additional $3 billion in annual financial benefits through revenue improvements and cost reductions by the end of 2007. During the month of October, Delta demonstrated its continuing progress in restructuring its business, as follows:

• Delta made significant improvements in its unit revenue performance by restructuring its overall network and rebalancing the mix of domestic and international flying. Delta’s length of haul adjusted consolidated passenger unit revenue (PRASM) increased 15.1% for October 2006 versus October 2005, as compared to the industry average PRASM increase of 6.2% over the same period.
• Delta reduced its operating expenses by 6.9% on a capacity reduction of 4.5%, resulting in a 2.5% reduction in consolidated unit costs in October 2006 compared to October 2005. Mainline non-fuel CASM was 7.12 cents for the month, a 4.1% improvement year over year.

"Delta is making strong progress on every front – solid revenue increases, meaningful cost reductions, and continually improving customer service and products,” said Edward H. Bastian, Delta’s executive vice president and chief financial officer. “The momentum that has been created by these achievements reinforces our confidence that we will emerge from bankruptcy as a strong, independent, stand-alone competitor in today’s global industry.”

 

[jonjuan]

"Delta is making strong progress on every front – solid revenue increases, meaningful cost reductions, and continually improving customer service and products,” said Edward H. Bastian, Delta’s executive vice president and chief financial officer. “The momentum that has been created by these achievements reinforces our confidence that we will emerge from bankruptcy as a strong, independent, stand-alone competitor in today’s global industry.”

LOL........

 

[ultrarunner]

Tell me the the PR person didn't puke all over themself when they wrote that!

 

[General Lee]

LOL........

Wow, you sure told him......you are a tough guy.

Bye Bye--General Lee

 

[General Lee]

Tell me the the PR person didn't puke all over themself when they wrote that!

So, did he lie about anything? Have we not made tremedous progress? I guess cutting a monthly loss from $215 million to $88 million isn't good? We actually made a profit this past summer, so I guess that was good, right?

Bye Bye--General Lee

 

[ultrarunner]

Didn't say anything about the accuracy of it's content. I just get sick when I read spin. If I actually had to write it, I'd prly puke.

But I would agree...it would appear to be progress. Although IMO it's skewed since Delta is operating under BK protection, since those laws make is much more simply to control costs then if they were not.

 

[FDJ2]

Didn't say anything about the accuracy of it's content. I just get sick when I read spin. If I actually had to write it, I'd prly puke.

Just curious, but what part did you see as "spin"?

 

[ultrarunner]

Just curious, but what part did you see as "spin"?

“The momentum that has been created by these achievements reinforces our confidence that we will emerge from bankruptcy as a strong, independent, stand-alone competitor in today’s global industry.”

 

[9rj9]

all of it

its all bs...
So what you improved. Geez, you lost your retirement, half your pay and all of your dignity. They want you be thankful as they recall pilots all the while stuffing their pockets with money. Suckers...
You should support the merger with those clowns running the show.

 

[FDJ2]

“The momentum that has been created by these achievements reinforces our confidence that we will emerge from bankruptcy as a strong, independent, stand-alone competitor in today’s global industry.”

I bet you he's right about that. It's not spin, it's how the system works. If DAL wasn't making significant strides in improving its financial performance, DAL would most likely not be able to emerge as a stand alone carrier (TWA/AAA). The better DAL's results, the less likely there will be a creditor revolt, the more likely the court will continue to give DAL management exclusivity, the more likely DAL will emerge as a stand alone.

 

[FDJ2]

its all bs...
So what you improved.

So it's not all bs.

Geez, you lost your retirement, half your pay and all of your dignity.

We went from a DB plan to a 9% DC plan and 2% 401K plan, we got a $2.1B claim and a $650M note to be divied up between approximately 6500 pilots (you do the math) and our pay is still better than many other non bankrupt carriers. Our LTD plan is industry leading, we maintained our work rules, we have built in minimum pay raises throughout our PWA and the duration of this deal is the shortest of any bankrupt carrier.

 

[AMANSWORLD]

What's going on, I thought they would do better.

Well one has to think that DAL meek profit gain in the last quarter was really just pure stupid luck. Oil prices were down and it was the busiest travel time of the year. Now we are in to fall and winter and fuel prices as a whole continue to rise as traffic is usually at it lowest point in the U.S. during these times. DAL really better start to look at diffrent alternatives across the board such as fleet common a/c, fleet common pay, and limiting management salaries with no bonuses or very little bonuses at that. Also raising the service standard in flight and get paid for it. IMO this is what will seperate DAL or the first carrier to do it from the others in way of class, service and revenue.

 

[Green]

Us airways is a hostile take over; NWA/DL is a winner, DAL/US is a loser. The french government wants to buy these airlines at any price.

Disagree with you there. IF and that's a big if, the government allows a US/DL merger the new airline could be a total powerhouse. They would virtually dominate many markets. I bet you would see fares stay low for a few years so Parker could prove it wasn't anti-competitive then they would creep up to reflect Dal's market dominance and translate into large profits.

 

[YourPilotFriend]

NWA made $37 million for the month. $52 mil before bankruptcy expenses.

 

[General Lee]

its all bs...
So what you improved. Geez, you lost your retirement, half your pay and all of your dignity. They want you be thankful as they recall pilots all the while stuffing their pockets with money. Suckers...
You should support the merger with those clowns running the show.

We lost our retirement? What about the $650 million we will split, plus the $2.1 billion claim? I guess I will dump all of my money from that into a boat and let it sit in the driveway..... Pay was cut in half, but it will move up, and we have the ability to move to larger planes to make more money. And, a merger would not help, no way.


Bye Bye--General Lee

 

[General Lee]

Disagree with you there. IF and that's a big if, the government allows a US/DL merger the new airline could be a total powerhouse. They would virtually dominate many markets. I bet you would see fares stay low for a few years so Parker could prove it wasn't anti-competitive then they would creep up to reflect Dal's market dominance and translate into large profits.

I disagree with you big time. USAir brings nothing NEW to us. Nothing. Well, except a different fleet, disgruntled employees, and hubs that could bump ours. I don't think Oberstar will allow any mergers first of all, but if he did, it would have to complement our route structure, not overlap it. USAir has the same hubs (areas), and does Europe like we do. We would need someone with a large Asia presence, and one with hubs in the Midwest or NW. Sorry.


Bye Bye--General Lee

 

[chppr5]

amansworld said "Well one has to think that DAL meek profit gain in the last quarter was really just pure stupid luck. Oil prices were down and it was the busiest travel time of the year" Where were you during the 3rd qtr?? Oil prices where the highest they have ever been thru most of the qtr. I don't work for Delta, but they are making progress. May you s#*theads that keep making fun of what is lost during bk, never have to live thru it. I bet 99% of you were praying to a higher power to get on with UA/DAL/NW/US in the late 90's. (now all you jack asses can say " I never applied to any of them, I knew valuejet/frontier/jb/sw was going to be the place to be") GROW UP!! you are suppose to be professionals....management must see this s#@t and laugh all the way to the negotiating table, knowing that we are so divided and will never be pulling on the same side of the rope. Remember, there is always someone willing to do what we do for much less...so for the guys laughing now about the legacy's...keep checking your 6....you can't stay king forever!!

 

[800Dog]

its all bs...
So what you improved. Geez, you lost your retirement, half your pay and all of your dignity. They want you be thankful as they recall pilots all the while stuffing their pockets with money. Suckers...
You should support the merger with those clowns running the show.

And after all that, the Delta contract is superior to the USAirways/AMWest contract. Airlinepilotcentral.com. Talk about ugly? USAir rates are ugly!