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

[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!

 

[enuffalready]

I am an ASA guy.. and those 'cut more jobs' just might be us..

cut some 50's get some more turboprobs

 

[400ADude]

http://www.deltareallysucks.com/ind...ta-employee-you-most-recently-interacted-with


Over 75 percent of the folks polled from the above link thought Delta employees were rude, nasty, didn't care, gay or flaming gay.

Don't shoot me I'm just the messenger.

 

[Tanker1497]

400ADude...

I am sorry that you are a flaming little excuse of a human being...you might be "just the messenger"...but you should stick to your little beechcraft 400A world...and leave the airline biz to those of us that have made it that far... not to belittle the corporate world, I had 3,000 hours there before I made it to Delta...just don't let your obvious envy of those who have left you behind cause you to make an #ss out of yourself...

Good Day my shallow and empty friend!

 

[Question4U]

I am sorry that you are a flaming little excuse of a human being...you might be "just the messenger"...but you should stick to your little beechcraft 400A world...and leave the airline biz to those of us that have made it that far... not to belittle the corporate world, I had 3,000 hours there before I made it to Delta...just don't let your obvious envy of those who have left you behind cause you to make an #ss out of yourself...

Good Day my shallow and empty friend!

Is 3000 hours suppose to be impressive?

 

[Scope out RJ's]

http://www.deltareallysucks.com/ind...ta-employee-you-most-recently-interacted-with


Over 75 percent of the folks polled from the above link thought Delta employees were rude, nasty, didn't care, gay or flaming gay.

So, chuck,einsteinl,lawman or whatever name you're using this week....
As a gay guy yourself, how do you feel?

Don't shoot me I'm just the messenger.

Is that what you tell your man love?:laugh:
That Midwest furlough must be killing you! Just don't quit your day job at Wendy's.

 

[Tanker1497]

"Is 3000 hours supposed to be impressive?" was originally posted by Question4U. It isn't supposed to be impressive, toolbag. Those 3,000 hours were corporate alone, not total time...but I don't care about the fact that I have almost 7,000 hours of total time...my point is that I hope that the airline pilot career once again becomes respectable...but thanks for being generally concerned about my total time in general Question4U, you ******************************bag!

 

[400ADude]

So, chuck,einsteinl,lawman or whatever name you're using this week....
As a gay guy yourself, how do you feel?There you go with those names again

Is that what you tell your man love?:laugh:
That Midwest furlough must be killing you! Just don't quit your day job at Wendy's.

Midwest???

How does it feel to be in 2nd place behind Airtrash in Atl??

 

[JoeMerchant]

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.

....sounds like you will enjoy it when more people lose their job.....Hell of "brotherhood" here at ALPA....Every man for themselves should be our motto....

 

[RP170]

I am sorry that you are a flaming little excuse of a human being...you might be "just the messenger"...but you should stick to your little beechcraft 400A world...and leave the airline biz to those of us that have made it that far... not to belittle the corporate world, I had 3,000 hours there before I made it to Delta...just don't let your obvious envy of those who have left you behind cause you to make an #ss out of yourself...

Good Day my shallow and empty friend!

That's funny, there are many better corporate gigs out there than any legacy has to offer anymore. You should have seen what was offered for early retirement buyouts at NJA (we fly 400A's) compared to what you guys were offered. About 300K for our senior guys with fully payed employee health care (no premiums like we all currently get at NJA for our entire family) for 3 years. Just sayin'.........

 

[Superpilot92]

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.

From the Webcast today,

http://seekingalpha.com/article/150...9-earnings-call-transcript?source=bnet&page=9

Edward H. Bastian
Well, I think we have right now been taking delivery of the [76-seat] regional RJ as we’ve grounded some of the older DC930s. That is largely complete and we will not be taking any delivery of any additional 76-seat RJs as we move into the future. So that trade-off from the older DC9s into the two class regional jets is pretty much complete at this point.
Richard H. Anderson
And I would add to that that actually the trend will probably start going the other way as we begin having a number of regional jet retirements that start commencing -- some have commenced and we’ll have more next year so you’ll actually see the 50-seat jet count at Delta continue to decline