Delta shocks wall street...

[9rj9]

Delta's November Loss Narrows to $49M
Friday December 29, 8:27 am ET
By Harry R. Weber, AP Business Writer Delta Posts $49M Loss in November, Down From $181M Loss for November 2005

Are you clowns ever going to make any money ?

Spin it general, oh and can we get a replay of the the overlap flap you spin daily. Feel the love.

 

[Pat Fabin]

Outside reorganization expenses the loss was $12mill.... while I wish it was a profit, it is certainly progress. I am sure there are other companies just squeaking by for the winter also, although they don't report monthly earnings.

We will make money next year.

 

[Palomino]

Delta's November Loss Narrows to $49M
Friday December 29, 8:27 am ET
By Harry R. Weber, AP Business Writer Delta Posts $49M Loss in November, Down From $181M Loss for November 2005

Are you clowns ever going to make any money ?

Spin it general, oh and can we get a replay of the the overlap flap you spin daily. Feel the love.

clowns? most of the Delta guys have set a very high bar during their time at the airline. you owe them all an apology for labelling them as you have. show some professionalism and respect for the people who paved the way before you.

 

[Noserider76]

Many of the cost savings from BK don't kick in until next year.

 

[9rj9]

whatever

delta's awesome mamgement team was the real reference, but if you want an apology just hold you breath. Funny how they rally the employees to keep the current management in power. Me thinks USair is the way to go.

 

[lowecur]

Actually pretty good

Setting aside reorganization costs, they lost $12M with a $52M operating profit. The $52M included a loss of $31M on their fuel hedges. Certainly better than I thought they would do, but even DP stood by Grinstein's prediction of $500M profit in 2007.

imp:​

 

[GogglesPisano]

delta's awesome mamgement team was the real reference, but if you want an apology just hold you breath. Funny how they rally the employees to keep the current management in power. Me thinks USair is the way to go.

Who do you work for?

 

[FlyBoeingJets]

Whatever.

Great comeback. Apparently a hallmark of your highly intelligent, scintillating posts.


-- Delta reduced its operating expenses by 8.1% on a capacity
reduction of 6.5%, resulting in a 1.7% reduction in consolidated
unit costs (CASM) in November 2006 compared to November 2005.
Mainline non-fuel CASM was 7.33 cents for the month, a 2.7%
improvement year over year.

 

[General Lee]

delta's awesome mamgement team was the real reference, but if you want an apology just hold you breath. Funny how they rally the employees to keep the current management in power. Me thinks USair is the way to go.

You and Parker are the only ones who think USAir is the way to go. According to Oberstar, the Chairman of the Transportation committee, he doesn't know anyone in Congress who is in favor of this takeover. And, he said he would lean on the DOJ if needed. Regardless, the creditor committee will eventually vote in our favor. Sorry. About the loss, yeah it happened, and it was better than last year's. It says it all in the news story.

Bye Bye--General Lee

 

[luckytohaveajob]

Delta or any other airline is a for profit business. The numbers all need to be on the plus side. The attitude of $41m, $12m, etc. as a loss being acceptable is not acceptable, GAAP or non-GAAP accounting included. A profit is what matters and is the only item that is going to save a for profit business.

The attitude that CEOs deserve their pay because they lost less than the competition but still lost money is absurd. We as pilots are not underachievers hoping the grading curve gets us through the next critical situation. So why do we accept that from our management team?

 

[ATR-DRIVR]

Are you clowns ever going to make any money ?

.

Let's see....and you are in an rj? Is that right?
Uh huh...

 

[General Lee]

Delta or any other airline is a for profit business. The numbers all need to be on the plus side. The attitude of $41m, $12m, etc. as a loss being acceptable is not acceptable, GAAP or non-GAAP accounting included. A profit is what matters and is the only item that is going to save a for profit business.

The attitude that CEOs deserve their pay because they lost less than the competition but still lost money is absurd. We as pilots are not underachievers hoping the grading curve gets us through the next critical situation. So why do we accept that from our management team?

Well, it can be a work in progress. When going through a BK there are plenty of other costs that are not associated with aviation, like lawyer fees and BK related costs. When the process is over with then profits must be made, that is true. In the meantime, better results than previous quarters are probably acceptable. Management is trying to cut costs and renegotiate contracts with employees, vendors, and lessors. So far they have done a great job, and forcasts for future profits have already been acknowledged by many, even Parker. Again, it is a work in progress....


Bye Bye--General Lee

 

[Big Beer Belly]

Many of the cost savings from BK don't kick in until next year.

"Cost savings..." :laugh: I don't have a dog in this race and this is not meant as a criticism of any DAL employees... but I can't help but wonder how all the suppliers, vendors, manufacturers, contractors, investors, etc... feel knowing Delta will renege on about $15 BILLION in obligations (debt) owed to them.

It's an amazing world where you can rack up approximately $22 BILLION in debt and simply walk away from 2/3's of it through a bankruptcy filing. That's a heck of a lot of money that suppliers will not be paid for services rendered, parts supplied, aircraft repaired, catered, fueled, etc... All of these services were performed in good faith with an expectation of payment. So, I chuckle when I read about Delta's "cost savings" (in other words... "we're simply not going to pay that huge sum of money to all those legitimate companies that trusted us and supplied us with the essentials to keep our airline operating... for if we did we'd be out of business!")

Forgive me, but I just don't believe any company ought to be able to do that. Heck, the same can be said for the Delta employees and the loss of their pensions. That pension money was earned and it should have to be set aside and paid out. Here again, if Delta actually had to pay its obligations it would be out of business.

Tell me again why so many pilots are eager to work for Delta now that they've announced hiring?

BBB

 

[lowecur]

Tell me again why so many pilots are eager to work for Delta now that they've announced hiring?

BBB

It's a riot, isn't it? This industries employees only undertand the here and now, and could give a rat's arz about the health of the company. You think if reason had raised it's ugly head 10 years ago that DL would be in this position today. They'll all climb back on the floating log like a bunch of insects that think they are going to save themselves while they head for Niagara Falls.

Someday, somewhere an airline will emerge where their employees understand the long term consequences of instant gratification.:laugh: :laugh: :laugh:

imp:​

 

[Publishers]

Too, nobody sees that $22 billion. It came out of someone somewhere, someone elses Christmas bonus, someone else laid off, someone else not going on vacation, someone else stressing out they cannot meet payroll this week, someone else,,,,,, you get the idea.

 

[PHXFLYR]

delta's awesome mamgement team was the real reference, but if you want an apology just hold you breath. Funny how they rally the employees to keep the current management in power. Me thinks USair is the way to go.

Please.....Don't do us any favors!!


PHXFLYR

 

[800Dog]

"Cost savings..." :laugh: I don't have a dog in this race and this is not meant as a criticism of any DAL employees... but I can't help but wonder how all the suppliers, vendors, manufacturers, contractors, investors, etc... feel knowing Delta will renege on about $15 BILLION in obligations (debt) owed to them.

It's an amazing world where you can rack up approximately $22 BILLION in debt and simply walk away from 2/3's of it through a bankruptcy filing. That's a heck of a lot of money that suppliers will not be paid for services rendered, parts supplied, aircraft repaired, catered, fueled, etc... All of these services were performed in good faith with an expectation of payment. So, I chuckle when I read about Delta's "cost savings" (in other words... "we're simply not going to pay that huge sum of money to all those legitimate companies that trusted us and supplied us with the essentials to keep our airline operating... for if we did we'd be out of business!")

Forgive me, but I just don't believe any company ought to be able to do that. Heck, the same can be said for the Delta employees and the loss of their pensions. That pension money was earned and it should have to be set aside and paid out. Here again, if Delta actually had to pay its obligations it would be out of business.

Tell me again why so many pilots are eager to work for Delta now that they've announced hiring?

BBB

Take it a step further. If the bankruptcy laws were not as they are, maybe Delta would have never been in this position. How many bankrupt airlines has Delta had to compete with since deregulation? What about airlines who took ATSB loans? Delta is just playing the game that so many have before them. Not saying its right but, it is what it is.

 

[fartknocker]

I can't help but wonder how all the suppliers, vendors, manufacturers, contractors, investors, etc... feel knowing Delta will renege on about $15 BILLION in obligations (debt) owed to them.

It's an amazing world where you can rack up approximately $22 BILLION in debt and simply walk away from 2/3's of it through a bankruptcy filing. That's a heck of a lot of money that suppliers will not be paid for services rendered, parts supplied, aircraft repaired, catered, fueled, etc... All of these services were performed in good faith with an expectation of payment. So, I chuckle when I read about Delta's "cost savings" (in other words... "we're simply not going to pay that huge sum of money to all those legitimate companies that trusted us and supplied us with the essentials to keep our airline operating... for if we did we'd be out of business!")

Forgive me, but I just don't believe any company ought to be able to do that. Heck, the same can be said for the Delta employees and the loss of their pensions. That pension money was earned and it should have to be set aside and paid out. Here again, if Delta actually had to pay its obligations it would be out of business.


BBB

I agree with you BBB. It is truly amazing how this continues in the airline industry. I think it all comes down to responsibility. A business should have to pay for services rendered, and not be able to get out of that responsibility.

 

[B6Driver]

clowns? most of the Delta guys have set a very high bar during their time at the airline. you owe them all an apology for labelling them as you have. show some professionalism and respect for the people who paved the way before you.

Too Funny!

 

[General Lee]

Too Funny!

At least your E190 FO rates went up!!!

Bye Bye--General Lee

 

[800Dog]

Too Funny!

C2k, take a look at it. Downward pressure on wages and no retirement from the likes of you certainly have not helped! EMB-190, don't get me started. Go Blue!!!!!!

 

[General Lee]

I agree with you BBB. It is truly amazing how this continues in the airline industry. I think it all comes down to responsibility. A business should have to pay for services rendered, and not be able to get out of that responsibility.

So the BK laws only pertain to the Airline industry? What are your views on personal BK? Do you think those people should be shot if they can't pay the bills? Let's return to the wild wild west while we are at it......Thanks Fartknocker....


Bye Bye--General Lee

 

[General Lee]

C2k, take a look at it. Downward pressure on wages and no retirement from the likes of you certainly have not helped! EMB-190, don't get me started. Go Blue!!!!!!

Maybe they will get the transcon turns someday that they have always wanted too!! That will be great for everybody!!! Yeah!! Go BLUE!!


Bye Bye--General Lee

 

[Big Beer Belly]

Take it a step further. If the bankruptcy laws were not as they are, maybe Delta would have never been in this position. How many bankrupt airlines has Delta had to compete with since deregulation? What about airlines who took ATSB loans? Delta is just playing the game that so many have before them. Not saying its right but, it is what it is.

I was going to take it a step further but I slipped off my soap box.

You make great points.

BBB

 

[Big Beer Belly]

I think it all comes down to responsibility. A business should have to pay for services rendered, and not be able to get out of that responsibility.

I agree. If the above were so, then all the Delta employees (and other airlines/industries as well) would have intact and fully funded pensions instead of the current scraps which will no doubt end up being funded by Mr. and Mrs. Taxpayer when the inevitable PBGC BANKRUPTCY occurs. Ironic, isn't it. The obligation buck just keeps getting passed (like our national debt) until someone is finally forced to pay it. That SOMEONE is always the lowly taxpayer because he is most vulnerable and least represented by the power brokers. I feel sorry for the poor and middle class of this country that are continually being squeezed. The bankruptcy laws really need to be further overhauled (I recognize the recent change.)

BBB

 

[warbirdfinder]

Publishers wrote:

Too, nobody sees that $22 billion. It came out of someone somewhere, someone else's Christmas bonus, someone else laid off, someone else not going on vacation, someone else stressing out they cannot meet payroll this week, someone else,,,,,, you get the idea.

No truer words are spoken. The company who files for bankruptcy is so proud of its so called cost savings by no paying money owed suppliers, hotels, freight forwarders, parts suppliers, uniform companies, rental cars, caterers, limo companies, the list goes on and on. Many are small business that now cannot make payroll; that have to refinance; that will layoff or will not expand or worse yet, go out of business.
Management then lets out press releases on the fantastic job they have done in their "cost cutting". What they have done amounts to robbery, theft pure and simple. Management essentially states; we got what we wanted from you, but we are not going to pay for those goods and services.
And the pensions that are not paid. Promises made over a lifetime to those who worked so hard for the company are now broken without the slightest bit of guilt or moral conscience.
The people who do these things are nothing but bottom feeding scum, who themselves will come out of bankruptcy with millions lining their pockets.

 

[fartknocker]

So the BK laws only pertain to the Airline industry? What are your views on personal BK? Do you think those people should be shot if they can't pay the bills? Let's return to the wild wild west while we are at it......Thanks Fartknocker....


Bye Bye--General Lee

I think that bankruptcy is used too often to get people out of trouble who wouldn't be there in the first place if they had a little responsibility. Businesses and individuals alike use the laws too often in my opinion. I have a problem with people who will buy things on credit and not even worry about paying for it because "they can always file for bankruptcy protection".

In my opinion, that is irresponsible.

 

[800Dog]

I agree. If the above were so, then all the Delta employees (and other airlines/industries as well) would have intact and fully funded pensions instead of the current scraps which will no doubt end up being funded by Mr. and Mrs. Taxpayer when the inevitable PBGC BANKRUPTCY occurs. Ironic, isn't it. The obligation buck just keeps getting passed (like our national debt) until someone is finally forced to pay it. That SOMEONE is always the lowly taxpayer because he is most vulnerable and least represented by the power brokers. I feel sorry for the poor and middle class of this country that are continually being squeezed. The bankruptcy laws really need to be further overhauled (I recognize the recent change.)

BBB

Actually, you might be wrong. If Delta or the other bankrupt carriers that preceded Delta had to pay those obligations, some would have liquidated and there would be no pensions and tens of thousands out of work which means many collecting unemployment at the taxpayers expense. Food for thought.

 

[Big Beer Belly]

Actually, you might be wrong. If Delta or the other bankrupt carriers that preceded Delta had to pay those obligations, some would have liquidated and there would be no pensions and tens of thousands out of work which means many collecting unemployment at the taxpayers expense. Food for thought.

I don't agree with mandatory unemployment "insurance" either. I believe (GASP! ) in personal responsibility. Part of being responsible is saving money and purchasing appropriate insurance (loss of license, unemployment, etc... whatever each individual deems appropriate to his personal life/financial situation.) If you find yourself unemployed, I'm still scratching my head how it's now MY responsibility to PAY YOU (via unemployment). :smash:

BBB <--- scratching his head at a lot of things in this world...

 

[Remington]

So the BK laws only pertain to the Airline industry? What are your views on personal BK? Do you think those people should be shot if they can't pay the bills? Let's return to the wild wild west while we are at it......Thanks Fartknocker....


Bye Bye--General Lee

The wild west need not return, but there should be some accountability here. If someone is too stupid or irresponsible or unable to run a business whether it be their own finances or they hang a shingle somewhere, they should not be in business. So it's okay to loose $22B?? Delta will not make that much money in the next 100 years. They are upside down in thier own operation and are a burden on society and their vendors. They ONLY lost millions again. LOL.