I don't wish bad things on Delta...just GL and 737 Pylt. Trust me, I don't have to wish bad thing on Delta....they just kinda take care of themselves.
At $6.4 BIL a quarter, maybe it's time to put DAL on a deathwatch.
For the last time, we didn't lose 6.4 billion. Geez, we would not be flying right now if we lost that much.
Delta-Northwest–When Losing Money Helps
Posted by Stephen Grocer
When is a $10.5 billion loss good?
Well, Delta Air Lines and Northwest Airlines may have found “the silver linings in multi-billion dollar losses,”
writes BusinessWeek’s Justin Bachman on the
Traveler’s Check blog. The two airlines reported earnings Wednesday and that $10.5 billion number is the combined loss the pair reported.
Delta and Northwest, of course, need to gain regulatory approval for their merger, one that has already stirred opposition from politicians. (In fact, the two firms’ CEOs are on Capitol Hill
defending the merger.) But here’s the thing, much of the red ink wasn’t from operating losses, Bachman points out. The airlines
posted a first-quarter loss before special items that amounted to a combined $465 million and then wrote down $10 billion in goodwill to reflect their slumping share prices. But the average person won’t look beyond the $10.5 billion number, and “it is a persuasive amount, one that can help sway the average Joe or Jane who may not care to read into the finer print,” Bachman writes.
