Delta reports $6.4 BILLION loss for 1st qtr.

[Bavarian Chef]

Hey Tanker Clown, roll over and wake up the General -- we need his take on this.

 

[brainhurts]

$274 million. General?

 

[becket]

6.1 billion is just an accounting trick to cry poor mouth to regulators.

"See how badly we need to merge?"!!!

The loss was 274 mill. The rest is smoke and mirror.

 

[AA717driver]

So, Delta WASN'T really worth that much when Parker was after them.

Parker was right!

They wear double-breasted coats to keep all that bull$h!t from bursting out! :laugh: TC

 

[beech1900kid]

I have no personal interest in Delta, but people read the freakin release. The $274 million loss is the number you need to be interested in. The rest is a non cash charge. Another excerpt from the release:

Battered airline says high fuel costs and falling market share resulted in a $6.1 billion non-cash charge.

Excluding special items, primarily a $6.1 billion non-cash charge relating to the decline in Delta's market value due to sustained record fuel prices, the airline lost $274 million, or 69 cents a share, in the first quarter.

 

[spinproof]

I have no personal interest in Delta, but people read the freakin release. The $274 million loss is the number you need to be interested in. The rest is a non cash charge. Another excerpt from the release:

Battered airline says high fuel costs and falling market share resulted in a $6.1 billion non-cash charge.

Excluding special items, primarily a $6.1 billion non-cash charge relating to the decline in Delta's market value due to sustained record fuel prices, the airline lost $274 million, or 69 cents a share, in the first quarter.

Yes the $274 Million is actually operating loss, but a 6.1 Billion write down of assets is NOT meaningless!

 

[Bavarian Chef]

I have no personal interest in Delta, but people read the freakin release. The $274 million loss is the number you need to be interested in. The rest is a non cash charge. Another excerpt from the release:

Battered airline says high fuel costs and falling market share resulted in a $6.1 billion non-cash charge.

Excluding special items, primarily a $6.1 billion non-cash charge relating to the decline in Delta's market value due to sustained record fuel prices, the airline lost $274 million, or 69 cents a share, in the first quarter.

We know, we know. But it's just more fun to say BILLION, over and over again.

I personally took a 4.5 billion non-cash charge on my taxes too.

 

[AA717driver]

I personally took a 4.5 billion non-cash charge on my taxes too.

How much you get back? TC

 

[Bavarian Chef]

How much you get back? TC

Actually owed 234.00 dollars, which I might add beat analysts' expectations by 331.27 a share.

 

[anewunion]

Yes the $274 Million is actually operating loss, but a 6.1 Billion write down of assets is NOT meaningless!

That is not a write down of assets, it's a write down of Market Cap. Also, an increase in Fuel costs in the billions with a loss of 250 million is what really counts.