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Delta to add service from Seattle to Boise, Denver, Ketchikan, Sitka, and boost more

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This message is hidden because General Lee is on your ignore list.

Again, this is the single best feature on FI now. General Lee is the typical arrogant pr!ck and bad apple that every airline has. "The History of Delta Airlines" movie runs through his veins while he belittles and talks down on others.

His best feature --- BRAGGING
 
OState597 said:
This message is hidden because General Lee is on your ignore list.

Again, this is the single best feature on FI now. General Lee is the typical arrogant pr!ck and bad apple that every airline has. "The History of Delta Airlines" movie runs through his veins while he belittles and talks down on others.

His best feature --- BRAGGING
Click to expand...

It's great you can't read this but everyone else can. You couldn't debate your way out of a paper bag. It's not my fault you are miserable.


Bye Bye---General Lee
 
Old School 737 said:
How about paying off debt first ?
Click to expand...

Uhhhhhhh, DL had $18 Billion in debt in 08 I believe, and it's down to $7 billion, and will be down to $5 billion by 2016. I believe some companies hold on to some debt (a limited amount) for strategic reasons (to hold off corporate raiders), but that's a heck of a lot of debt shed in a relatively short amount of time. That means DL is a revenue monster, and lower oil means even more money will be made.

Good try, though. AA has about $20 billion in debt now. Seems like one airline is way ahead of the others.



Bye Bye---General Lee
 
Green Banana said:
Ok, How about paying your pilots their promised retirements?
Click to expand...

Uhhhhhh, promised retirements? Come on now. The pensions were, as you know, were stopped in BK. But, the defined benefit program was replaced with a DC plan that is now in each pilot's name. A lot changed after the UA/US/DL BKs, including the law. AA tried to dump the AA pilots frozen pensions, but the Govt doesn't allow that anymore. So, the DC funds try to make up for it.

It's actually a pretty good deal, 15% (UAL is 16% currently) of whatever a pilot makes each month is ADDED to their pay into a retirement account, and the pilot doesn't have to add a dime of his/her own unless they want to add more. Even the profit sharing check has an additional DC fund contribution by the airline. (And the profit sharing check can be added into the DC fund too) That means the Govt set limits per year are met faster, and more money can stay in the pilot's pocket if they don't want to add money themselves.

Oh and DL does pay pensions for the FNWA pilots who didn't lose theirs in the their BK, but instead chose larger pay cuts at the time. Soooo, they do pay pensions for some pilots. The FNWA pilots just now, 5 years after the merger of lists, start getting a DC fund contribution starting Jan 1, 2015. That allowed each side the ability to get close overall. And, the DL side did get money as "debt holders" in the exit of BK, as negotiated by ALPA at the time of BK. Most pilots got money that was immediately invested in the 401Ks (filled up previous years to the max) and then got cash that was taxed also. Even the furloughed pilots got fairly large sums of cash that was invested for them.

Overall, it was terrible the pensions for the DL pilots were stopped (only frozen for the FNWA pilots) in BK (the law has been changed since then), but the DC plan has been a pretty good replacement for the remaining DL and UAL pilots.



Bye Bye---General Lee
 
Last edited:
Green Banana said:
Wow, I had no idea you got such a GREAT deal! You must be very proud.
Click to expand...

No, you just had no idea what you were talking about. You're welcome.



Bye Bye---General Lee
 
Debt is getting paid way down like GL said.....on top of profitable ops, they are going beyond to pay it off.

I read somewhere in the company rag that after this year's debt levels are paid down below 7 billion it saves us 614 million a year in interest compared to the day of corporate signing of the merger. Apparently getting below 5 will save 110 million YOY. My numbers are a wag...not sure if they are exact but I'm happy somebody is minding the store.

I agree with GL...having a little corporate debt (not equipment trusts) is a corporate raider pill.
 
So you pay down your past and immediate debt... Trouble is there is a lot of new debt about to show up on your doorstep. You must realize how old and dated your fleet is? Your company will most likely have to take on 20-30 billion over the next decade to fix that problem. Shows just what great CEOs you would all make. I don't think you all need to worry about running out of debt and being raided.. You should be debt rich once again very soon;)
 
Mea25000 said:
So you pay down your past and immediate debt... Trouble is there is a lot of new debt about to show up on your doorstep. You must realize how old and dated your fleet is? Your company will most likely have to take on 20-30 billion over the next decade to fix that problem. Shows just what great CEOs you would all make. I don't think you all need to worry about running out of debt and being raided.. You should be debt rich once again very soon;)
Click to expand...

When you're making $4-6 billion a year in profits, it's paid off pretty quick. Did you see the recent Airbus order? I think it stated DL will be getting $14 Billion dollars worth of A350s and A330Neos for $6.2 billion. That's thanks to Emirates canceling their own A350 deal. Sooooooooo, it looks like the DL CEO is doing a pretty good job with costs. The 45 A321s coming will be the last ones built on the "normal" line before the A321Neos are started. Do you think DL got a discount for that??? Uh, yeah. The 717s are leased until 2020-22, and then DL gets to buy them at the "then current" price. The MD90s will last 10 more years, and they supposedly were about $8-9 million each including the engines. Get it yet? The 100 739ERs supposedly got a discount due to the 787 delays for NWA.


You guys don't really know who you're dealing with yet I guess. The DL management is very very smart.


Bye Bye---General Lee
 
We paid cash for the 717s....45 A321s and the 50 widebodies on order.

No equipment debt so far.
 
9 months ending Sept 2014:

Alaska operating income of 720m, of 4.01B, 18% profit margin..3.35/eps

Delta operating income of 2.7B, of 28.7B, 9% profit margin... .43/eps

Alaska debt 720m
Delta debt 9b


Both are power houses, for sure.......but for the sake of this argument, Alaska is superior.

CD
 
SpauldingSmails said:
Wow, Nasdaq has been wrong all along. I'm going to start getting all my data here!

Yes, ALK has some very impressive numbers - no doubt. You could at least post accurate DAL numbers.

http://www.nasdaq.com/symbol/dal/revenue-eps
Click to expand...


I bought 1000 shares of DAL at 9.90, I'm loving me some Delta. And of course, my ALK split so happy there too. It's a good time for the airlines, all of them

CD
 
curtaindriver said:
9 months ending Sept 2014:

Alaska operating income of 720m, of 4.01B, 18% profit margin..3.35/eps

Delta operating income of 2.7B, of 28.7B, 9% profit margin... .43/eps

Alaska debt 720m
Delta debt 9b


Both are power houses, for sure.......but for the sake of this argument, Alaska is superior.

CD
Click to expand...


Uhhhhhh, DL's debt is down to $7 Billion, and will be $5 billion by 2016. It was near $18 Billion back in 2008/09, and that means DL is now a "Revenue Monster." With profits of over $4 billion this year and possibly $6 Billion next year with lower oil, I'd say Delta will have the money to do whatever they want in SEA, while AK will be on the defense. That means DL is superior.

Honestly, these two airlines aren't even in the same category. One is a worldwide carrier, the other is a niche carrier. AK is very good at what it does, but now DL needs internal feed at a growing hub that probably will be replacing it's Narita hub. That means more competition for AK, and that's the truth.



Bye Bye---General Lee
 
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General Lee said:
Uhhhhhh, DL's debt is down to $7 Billion, and will be $5 billion by 2016. It was near $18 Billion back in 2008/09, and that means DL is now a "Revenue Monster." With profits of over $4 billion this year and possibly $6 Billion next year with lower oil, I'd say Delta will have the money to do whatever they want in SEA, while AK will be on the defense. That means DL is superior.

Honestly, these two airlines aren't even in the same category. One is a worldwide carrier, the other is a niche carrier. AK is very good at what it does, but now DL needs internal feed at a growing hub that probably will be replacing it's Narita hub. That means more competition for AK, and that's the truth.



Bye Bye---General Lee
Click to expand...

No argument from me with regards to your second paragraph.

CD
 

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