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DL expects 70% rise in yearly pretax profit this year---article

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General Lee

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Delta expects profit to rise this year

Reuters

Dec 11 (Reuters) - Delta Air Lines Inc : * During investor day webcast, carrier says it expects $2.6 billion pretax profit for 2013, up 70 percent over 2012 * Carrier sees 'some modest global economic improvement' taking shape in 2014 * Passenger unit revenue is expected to rise 2 percent to 3 percent in
fourth quarter * Carrier expects revenue of nearly $40 billion in 2014.

Delta Air Lines expects higher profit, lower debt for 2013
Reuters

Dec 11 (Reuters) - Delta Air Lines Inc said on Wednesday it expects pretax profit excluding one-time items of $2.6 billion this year, up 70 percent from $1.6 billion for 2012.

The U.S. carrier told an investor meeting that was broadcast over the Internet that net debt would fall to $9.6 billion in 2013 from $11.7 billion last year.

For 2014, Delta said it expects revenue of nearly $40 billion. The company had total revenue of $36.7 billion in 2012.

Delta began paying its first dividend in a decade this year and launched a $500 million share buyback in a bid to boost shareholder returns. The carrier has expanded in high-growth markets such as New York and launched partnerships with non-U.S. carriers such as Britain's Virgin Atlantic to gain access to new customers.



Bye Bye---General Lee
 
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It doesn't mean squat unless you're getting cut in.
 
Delta expects profit to rise this year
Paying zero taxes due to major losses and a run through bankruptcy makes it exponentially easier to raise profits doesn't it?

Delta, which acquired Northwest in 2008, didn't pay any federal income taxes last year because of both carriers' massive losses in recent years. In fact, Delta may not pay any federal taxes for a decade or more in the future. "We believe we will not pay any cash federal income taxes during the next several years, the airline said in regulatory filings, noting that it had $17.1 billion worth of so-called net operating loss carry-forwards at the end of last year. By offsetting future profits on the company's tax returns, those carry-forwards allow the company to avoid paying federal income taxes until they are used up or expire. Delta's tax credits don't start expiring until 2022, meaning the company could potentially avoid roughly $6 billion in taxes over the next 10 years.

http://www.ajc.com/news/business/corporate-giants-find-ample-shelter/nQJPQ/
 
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Paying zero taxes due to major losses and a run through bankruptcy makes it exponentially easier to raise profits doesn't it?

Delta, which acquired Northwest in 2008, didn't pay any federal income taxes last year because of both carriers' massive losses in recent years. In fact, Delta may not pay any federal taxes for a decade or more in the future. "We believe we will not pay any cash federal income taxes during the next several years, the airline said in regulatory filings, noting that it had $17.1 billion worth of so-called net operating loss carry-forwards at the end of last year. By offsetting future profits on the company's tax returns, those carry-forwards allow the company to avoid paying federal income taxes until they are used up or expire. Delta's tax credits don't start expiring until 2022, meaning the company could potentially avoid roughly $6 billion in taxes over the next 10 years.

http://www.ajc.com/news/business/corporate-giants-find-ample-shelter/nQJPQ/

And at least your airline doesn't charge for bags, except the subsidiary does.....hmmmmmm.....

People are paid big bucks to find loopholes and exploit them. That's why corporations have high priced lawyers and lobbyists. Welcome to the big time Howie.... Welcome.



Bye Bye---General Lee
 
Last edited:
It doesn't mean squat unless you're getting cut in.

Ummmm, 6-7% of W2 is the rumor I'm hearing, beating last year's 4.5%. I'd say that's pretty darn good....


Bye Bye---General Lee
 
Too bad 2005 SWA hires make more than you do with more days off.
 
People are paid big bucks to find loopholes and exploit them. That's why corporations have high priced lawyers and lobbyists.
And yet, they still can't get around this:

Our substantial indebtedness may limit our financial and operating activities and may adversely affect our ability to incur additional debt to fund future needs. We have substantial indebtedness, which could:
-make us more vulnerable to economic downturns, adverse industry conditions or catastrophic external events;
-limit our ability to borrow additional money for working capital, restructurings, capital expenditures, research and development, investments, acquisitions or other purposes, if needed, and increasing the cost of any of these borrowings;
-limit our ability to withstand competitive pressures; and/or
-limit our flexibility in responding to changing business and economic conditions, including increased competition and demand for new services, placing us at a disadvantage when compared to our competitors that have less debt, and making us more vulnerable than our competitors who have less debt to a downturn in our business, industry or the economy in general

As of December 31, 2012, our defined benefit pension plans had an estimated benefit obligation of approximately $21.5 billion and were funded through assets with a value of approximately $8.2 billion.

http://www.delta.com/content/dam/delta-www/pdfs/about-financial/DeltaAirLines_10K_2012.pdf
 
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GL you do realize that for all your cheer leading DAL isn't go to even remember your name 5 minutes after you walk off the property? How'd that unyielding loyalty work out in bankruptcy?
 
Delta expects profit to rise this year

Reuters

Dec 11 (Reuters) - Delta Air Lines Inc : * During investor day webcast, carrier says it expects $2.6 billion pretax profit for 2013, up 70 percent over 2012 * Carrier sees 'some modest global economic improvement' taking shape in 2014 * Passenger unit revenue is expected to rise 2 percent to 3 percent in
fourth quarter * Carrier expects revenue of nearly $40 billion in 2014.

Delta Air Lines expects higher profit, lower debt for 2013
Reuters

Dec 11 (Reuters) - Delta Air Lines Inc said on Wednesday it expects pretax profit excluding one-time items of $2.6 billion this year, up 70 percent from $1.6 billion for 2012.

The U.S. carrier told an investor meeting that was broadcast over the Internet that net debt would fall to $9.6 billion in 2013 from $11.7 billion last year.

For 2014, Delta said it expects revenue of nearly $40 billion. The company had total revenue of $36.7 billion in 2012.

Delta began paying its first dividend in a decade this year and launched a $500 million share buyback in a bid to boost shareholder returns. The carrier has expanded in high-growth markets such as New York and launched partnerships with non-U.S. carriers such as Britain's Virgin Atlantic to gain access to new customers.



Bye Bye---General Lee







Bigger profit sharing check for valentines

awesome
 

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