Dl Makes $137m

[~~~^~~~]

From today's conference call, today's adjustment should be the last:

Thanks for joining us on the call today. This morning we announced Delta’s financial results for the June, 2008 quarter. Excluding special items Delta recorded net income for the second quarter of $137 million in spite of record high fuel prices that drove more then $1 billion in additional fuel input costs year-over-year. This compared to net income of $274 million in the June quarter of 2007.
On a GAAP basis we recorded a $1 billion loss driven mainly by a $1.1 billion non-cash impairment charge and you’ll recall last quarter we had the first part of that charge and this is the final true-up and a $96 million severance charge and I’d note on the $96 million severance charge, that was part of our process that we initiated earlier in the year to reduce overall staffing at the airline and that process has gone well and will result in significant payback within the year.

Generating positive earnings for the quarter given the unprecedented rise in the price of jet fuel is something that not many of our competitors will be able to report and it is a testament to the hard work of all the people at Delta Air Lines. They are delivering on our internal financial goals and they’re running a great airline. For the last 12 months Delta ranks number two among our competitive set for on time performance. In addition the latest view of key statistics ranked Delta in the top five for baggage performance in May and we had a 32% decline in the number of mishandled bags year-over-year in the June quarter.

This improvement reflects our ongoing investment in technology and process reengineering so we appreciate and want to thank all the Delta employees for their great work. They received $10 million in shared reward payments during the quarter for achievement of operational performance goals. So really great work by our people and we all want to thank them.

 

[9rj9]

So why don't you guys and gals demand you pension and pay cuts back. Just glad to have a job hun?

 

[~~~^~~~]

They are, hence the number of Delta pilots who say they will vote no.

I like the idea of having my own investments sitting in a 401K & roth than putting my faith in an airline maintaining a defined benefit plan.

At the end of the contract I think Delta will be the highest paid in the industry again. Not that is saying a lot with the devalued dollar, but is effectively deflects statements like:

So why don't you guys and gals demand you pension and pay cuts back. Just glad to have a job hun?

 

[9rj9]

I guess you forgot about Fedex, Ups and Southwest.

Its pathetic how pilots have caved into management and will accept anything. The company robbed the pilot group during banruptcy and they never even asked for a dime back. Weak sisters. ALPA is doomed, but you already knew that, its every pilot for himself.

 

[9rj9]

It will never deflect the fact that they sold out. NEVER

 

[General Lee]

It will never deflect the fact that they sold out. NEVER

Have you graduated to day flying yet? Thanks to age 65, it will take you longer, and you will look old, but you will be RICH. Great.


Bye Bye--General Lee

 

[PCL_128]

It will never deflect the fact that they sold out. NEVER

So which shining beacon of airline trade unionism do you work for?

 

[General Lee]

So which shining beacon of airline trade unionism do you work for?

UPS. He flies mostly at night, and is starting to look 30 years older than he already does, and he knows it. But hey, he has the money for botox.


Bye Bye--General Lee

 

[PCL_128]

UPS. He flies mostly at night, and is starting to look 30 years older than he already does, and he knows it. But hey, he has the money for botox.


Bye Bye--General Lee

In that case, maybe he can explain why the payrates he negotiated with a company that makes over $1 billion in profit per quarter are still far below the payrates that DAL and UAL negotiated almost a decade ago? Still want to throw those stones, brownie?

 

[9rj9]

so you didn't defend not asking for anyhting back, just bashing me personally. I never said general lee sold out, i said you and all your weak sisters sold out. Thats what i was asking, why direct your rage toward me and not the guy who stole your money.

anyway, I do day trips out of Miami. see ya.

 

[9rj9]

Thats what you don't get, its a pay rate reguardless of how the complany performs. You guys have let yourself become tied to what profit or loss your company makes. Yes, I agreed to make the same amount no matter what the company makes, when their profits are down, I still get paid the same.
The reason you lost those great payrates is sold out scope for them, it was only temporary, mine are holding up rather well.

 

[~~~^~~~]

9 RJ 9:

Weak sisters sold out? I hope you never have to visit a bankruptcy Court. It isn't a pleasant experience.

PCL128 - good job, nailed 'em.

 

[Networ-King]

9 RJ 9:

Weak sisters sold out? I hope you never have to visit a bankruptcy Court. It isn't a pleasant experience.

PCL128 - good job, nailed 'em.

Fins and PCL,

9 uniform, 7 furloughs, 2 bankruptcies and I still have 3 Seniority #'s......

I also work for UPS and have bypassed from DAL.... I have argued the exact points that PCL made on this board with some of the uninformed Captains here at big brown and I educate them on a regular basis. This was not the place to be 7 years ago and neither was SWA, but times have changed and we ALL have to fight the new fight. I hope to god that Delta and NWA get better rates then UPS, FEDEX and SWA because then, maybe we can piggy back on them and start restoring this industry to where this is considered a career again and not just a freaking job. Out of all my airlines, I have found out that the grass is never greener on the other side of the fence..... EVERY PLACE has its problems. Our contract here at UPS is one of the best in the industry ONLY by default and this contract is the unions 3rd contract since the beginning of the airline. Remember, the airlines is only 20 years old. What were the pay rates at Delta after their 3rd contract negotiations? Get where Im going with this PCL? Its a slow upward climb here at big brown, our management team absolutely hates the pilot group and there will be no changing that. After all my airlines, I'll take the company that hates my guts, but keep the paychecks coming rather then being employed by an airline that loves me and has to furlough me. Been there, done that....

Im not even going to get into the night time/ day time flying boys and girls, cause I hear all of you out there, the few nights that I do fly. You General are the biggest dou che bag on this board, you keep bringing this same point up over and over again because you have no new material and its beyond old so just STFU and find a new hobby. And I guarantee you that I made more money then most of your narrow body captains last year and I know Im gonna look a hell of a lot younger then you will when we retire........at 80.

Kudos to DAL for making a profit in the 2nd quarter and I hope you guys/gals keep it up for the rest of the year. I see a lot of airlines going out of business this year and many of my friends and fellow pilots hitting the street. It truly is going to be one of the worst years for aviation ever and its sad how some people actually get their kicks over the demise of other airlines, so their airline might prosper. Karma's a b!tch and it will catch up with you special people.....

Good luck to us all.....

Net

ps. Fins..

Once the merger deal goes through, where does that put the bypassed guys/gals like myself.... should I come back and knock you down a number?

 

[PCL_128]

Relax, Networ-King. I'm on your side. I like you UPS guys. I used to jumpseat on your planes all the time to get home from DTW when you guys were still in contract negotiations, and the pilots were always great. Everyone was wearing their IPA lanyards and supporting their union. Great thing to see.

I was just giving that no-talent ass-clown that attacked the DAL pilots a dose of his own medicine. None of us in this godforsaken industry really have a great contract right now, so no need to be attacking the DAL guys while they're in the middle of negotiating improvements while everyone else is getting hammered for concessions.

 

[AlbieF15]

Fins and PCL,

9 uniform, 7 furloughs, 2 bankruptcies and I still have 3 Seniority #'s......

I also work for UPS and have bypassed from DAL.... I have argued the exact points that PCL made on this board with some of the uninformed Captains here at big brown and I educate them on a regular basis. This was not the place to be 7 years ago and neither was SWA, but times have changed and we ALL have to fight the new fight. I hope to god that Delta and NWA get better rates then UPS, FEDEX and SWA because then, maybe we can piggy back on them and start restoring this industry to where this is considered a career again and not just a freaking job. Out of all my airlines, I have found out that the grass is never greener on the other side of the fence..... EVERY PLACE has its problems. Our contract here at UPS is one of the best in the industry ONLY by default and this contract is the unions 3rd contract since the beginning of the airline. Remember, the airlines is only 20 years old. What were the pay rates at Delta after their 3rd contract negotiations? Get where Im going with this PCL? Its a slow upward climb here at big brown, our management team absolutely hates the pilot group and there will be no changing that. After all my airlines, I'll take the company that hates my guts, but keep the paychecks coming rather then being employed by an airline that loves me and has to furlough me. Been there, done that....

Im not even going to get into the night time/ day time flying boys and girls, cause I hear all of you out there, the few nights that I do fly. You General are the biggest dou che bag on this board, you keep bringing this same point up over and over again because you have no new material and its beyond old so just STFU and find a new hobby. And I guarantee you that I made more money then most of your narrow body captains last year and I know Im gonna look a hell of a lot younger then you will when we retire........at 80.

Kudos to DAL for making a profit in the 2nd quarter and I hope you guys/gals keep it up for the rest of the year. I see a lot of airlines going out of business this year and many of my friends and fellow pilots hitting the street. It truly is going to be one of the worst years for aviation ever and its sad how some people actually get their kicks over the demise of other airlines, so their airline might prosper. Karma's a b!tch and it will catch up with you special people.....

Good luck to us all.....

Net

ps. Fins..

Once the merger deal goes through, where does that put the bypassed guys/gals like myself.... should I come back and knock you down a number?

Class Act Net. Nice to see that on the boards.

Good luck to you and all your current and former bros...