Delta Posts 2nd Qtr Results, Ends Qtr with $5.4 Billion Liquidity

[Scope out RJ's]

Standing by for tanker clown/crj567 in 3...........2..............1................

 

[maxblast72]

Just 3 months ago, Bastians was quoted as saying that lower fuel prices would overcome the drop in revenue and that Delta would be profitable for 2009. That was a real quick change of tune.

http://finance.yahoo.com/news/Delta-Air-Lines-no-longer-rb-2640995240.html?x=0&.v=4

Of course, just 6 months ago Obama said unemployment wouldn't go above 8% if Congress would rush a stimulus plan through. We know how that is going.

Sometime you are better off not making predictions. I am sure Bastians would like to take that one back now.

 

[FDJ2]

DELTA AIR LINES, INC.
Selected Balance Sheet Data
(In Millions)

Cash and cash equivalents:

June 30, 2009: $4,851

Dec. 31, 2008: $4,255


As of June 30, 2009, Delta had $5.4 billion in unrestricted liquidity, including $4.9 billion in cash, cash equivalents and short-term investments and $500 million available under an undrawn line of credit. Delta generated $834 million in cash from operations, and $509 million in free cash flow for the quarter.

How does it compare to 1Q 2009

[FONT=Arial,Arial][FONT=Arial,Arial]As of March 31, 2009, Delta had $5 billion in unrestricted liquidity, including $4.5 billion in cash, cash equivalents and short-term investments and $500 million available under an undrawn line of credit. In addition, net cash collateral posted with hedge counterparties was approximately $400 million
[/FONT][/FONT]

 

[ACL65PILOT]

Yes, FDJ2 we are in a great position to weather the next 12 months.

The chips are starting to fall. Give it a few more weeks, months and the landscape will be vastly different.

 

[400ADude]

"We are not planning for any meaningful recovery in the coming months and no longer expect to be profitable this year," Chief Financial Officer Hank Halter said in a memo to staff that was including in a regulatory filing.
Delta reported a quarterly loss of $257 million, or 31 cents per share. It said the recession drove down revenues by more than $3 billion in the first half of the year.
Delta said it would continue to "right size" capacity and keep unit costs in check, but it reiterated that it may need to cut more jobs.




Not looking to good.

 

[johnboy99]

Just curious, do any of you financial types know the last time Delta posted a quarterly profit?

This is after all the same company who's business plan several years ago consisted of letting US Air go under then picking up the pieces. Fast forward five years and guess what?? They have given away even more of the domestic market to Southwest, Airtran, and Jetblue and still waiting for US Air to go under.

Hope that international thing works out for you guys but I see some major downsizing err I mean "right sizing" by the end of the year.

Call me crazy

 

[crj567]

Yep-

$200 million is not "real money" any more.... Sure would be nice to see $200 million in the profit column! That will probably occur just as soon as those Africa routes rally kick in!

-Congrats! What's a couple hundred million among friends, anyhow?

 

[FDJ2]

Yep-

$200 million is not "real money" any more.... Sure would be nice to see $200 million in the profit column! That will probably occur just as soon as those Africa routes rally kick in!

Profits should start to kick in when the alabatros of a bloated RJ fleet is trimmed down. Word is DAL will be dumping a hundred more RJs.

 

[Tanker1497]

Profits should start to kick in when the alabatros of a bloated RJ fleet is trimmed down. Word is DAL will be dumping a hundred more RJs.

crj567, your heart felt concern is "rally" appreciated...thanks for your concern, and enjoy the rebuilding of Delta mainline at the expense of the RJ!

 

[Scope out RJ's]

"We are not planning for any meaningful recovery in the coming months and no longer expect to be profitable this year," Chief Financial Officer Hank Halter said in a memo to staff that was including in a regulatory filing.
Delta reported a quarterly loss of $257 million, or 31 cents per share. It said the recession drove down revenues by more than $3 billion in the first half of the year.
Delta said it would continue to "right size" capacity and keep unit costs in check, but it reiterated that it may need to cut more jobs.




Not looking to good.

Neither does your wife!:laugh:
Don't worry chuck, with your furlough at midwest and your excellent penmanship, maybe you can make it as a lav technician!