Furloughs at Delta and Northwest

[FDJ2]

Also from that same article was the losses for that quarter. I'm sure you just forgot to put that in, so here you go:


Delta’s reported net loss for the March 2008 quarter was $6.4 billion, or $16.15 per diluted share.

Northwest Airlines today reported a first quarter 2008 net loss of $4.1 billion, or $15.78 per share.

I didn't forget, I was just correcting the misinformation you were putting out about each company's cash position. Specifically when you wrote:

"You choose to forget the fact that NWA brought more cash to this merger."

That's obviously an incorrect statement.

As far as that $6.4B loss, you forgot, to mention that
it included a $6.1 billion non-cash goodwill impairment charge and approximately $500 million for investments in aircraft, parts and modifications to improve Delta’s international product and position the airline for continued international growth.

 

[clippyrip]

.

2007 Revenue

DL 19.2 B
NW 12.5 B

Part of the equation is revenue, the other part is debt, which Delta has more of....


Delta: $9 billion debt



Northwest: $7.1 billion debt

 

[Superpilot92]

There's nothing to stop the company from flying any piece of equipment from any base except a little deadhead/credit time. Fences do not have to divide the group at all. There will be agreements on how to handle new orders. It should give both sides a warm feeling that at least they can count on life as they know it for a period of time, see below unless there were those who thought all their commuting problems were about to be solved. No bump/flush is a given but watching your seniority deteriorate bid after bid is a non-starter. so does furloughs as a result of not having the efficiencies we need to make this whole thing as beneficial as possible.

Without the efficiencies of a complete merger then "life as we know it" might not be "as we know it" is my point. There is a reason why mgmt wants to avoid fences. I am just saying we need the "synergies" to give this company the best chance of survival during these horrible economic conditions..

 

[licorice]

Part of the equation is revenue, the other part is debt, which Delta has more of....


Delta: $9 billion debt



Northwest: $7.1 billion debt

Be careful with numbers: Delta has approx. 48% more RPM's than NWA as a measure of "size". That ratio would be 1.48/1 (DAL/NWA) For total revenue the ratio would be 19.2/12.5=1.53/1.(advantage DAL) For debt. it would be 9/7.1=1.26/1(advantage DAL) For latest losses it would be 274/191=1.43 (operating losses) (advantage DAL) For cash it would be 3.6/3.2=1.125/1 (advantage NWA)

 

[Bdfg1]

Part of the equation is revenue, the other part is debt, which Delta has more of....


Delta: $9 billion debt



Northwest: $7.1 billion debt

Come on! We all know that the delta debt is just a "paper" debt. :laugh:

Well at least 6.7 ba ba BILLION of it.

See ya!

 

[~~~^~~~]

Nevermind... .

 

[FmrFreightDog]

Previous commuters flooding a desireable base or piece of equipment will create bad feelings on one side and a windfall for the other.

Excellent point. Seems like every time I fly JFK-DTW, ATL-DTW, or ATL-MSP we have a Delta guy riding the jumpseat or sitting in the back. How good of you to look after our best interests and seek to prevent those guys from flooding to "our" bases and affecting "our" quality of life. We absolutely need to fence those guys off of bidding DTW and MSP.

It works both ways, chief, and there's far more Delta guys itching to bid away from ATL and into the Heartland than you care to admit.

 

[Superpilot92]

Nevermind... .

The latest email we should have all gotten by now is a big step forward IMHO. Finally we have something signed by both Stevens and Moak presenting info together. Hopefully thats how it is from now on, that way there is no question what each sides stance is. Cheers :beer:

 

[ThisistheDream]

I know of 3 DAL junior pilots on the 767, 2 in JFK and 1 in ATL that commute from MSP that would gladly trade the 767 line holder life style for a MSP dc-9 reserve schedule. QOL is more important than what plane you fly or what airline fly for

 

[ACL65PILOT]

Not that I want to start this debate, but you know of three. I can tell you of at least 20 guys that I know personally that are NWA drivers that live in ATL metro. Not to mention the 100's of pilots and FA's that live in FL and DFW that would like a shorter commute. You and I both know that there will be a greater movement to the Southern bases than to the Northern ones.The majority of DAL guys live in or near their bases(except NYC), is that really the case at NWA?
In reality it will not matter in five years. If there are fences it may take longer to realize the movement, but the fact remains that DTW and MSP DC-9 will probably remain the junior pieces of equipment no matter which way you slice this.
I myself will not bid MSP or DTW, unless it makes a commute from DFW very easy. From my friends who do it, it is about at difficult as DFW-ATL.