Good Looking Quarter Delta!

[Hamfighter]

Delta Announces September Quarter Profit

• Delta's net income, excluding special items1, for the September 2012 quarter was $768 million, or $0.90 per diluted share.
• Delta's September 2012 quarter GAAP net income was $1.0 billion, or $1.23 per diluted share, including mark-to-market gains on open fuel hedges and other special items.
• Delta's unit revenues were up 3 percent for the quarter and the company has produced a unit revenue premium to the industry for eighteen consecutive months.
• Results included $174 million in profit sharing expense, for a total of $309 million year to date, in recognition of Delta employees' efforts toward the company's financial targets. In addition, Delta people have received $67 million in Shared Rewards in 2012 for hitting the company's operational and customer service targets.
• Delta ended the September 2012 quarter with $5.1 billion in unrestricted liquidity and adjusted net debt of $11.9 billion.

Now, where's that fat profit sharing check?! Oh yeah...I voted "no" by the way. Well, still good news!

Link to full article: http://finance.yahoo.com/news/delta-announces-september-quarter-profit-113000904.html

 

[Monster Buck]

Delta Announces September Quarter Profit

• Delta's net income, excluding special items1, for the September 2012 quarter was $768 million, or $0.90 per diluted share.
• Delta's September 2012 quarter GAAP net income was $1.0 billion, or $1.23 per diluted share, including mark-to-market gains on open fuel hedges and other special items.
• Delta's unit revenues were up 3 percent for the quarter and the company has produced a unit revenue premium to the industry for eighteen consecutive months.
• Results included $174 million in profit sharing expense, for a total of $309 million year to date, in recognition of Delta employees' efforts toward the company's financial targets. In addition, Delta people have received $67 million in Shared Rewards in 2012 for hitting the company's operational and customer service targets.
• Delta ended the September 2012 quarter with $5.1 billion in unrestricted liquidity and adjusted net debt of $11.9 billion.

Now, where's that fat profit sharing check?! Oh yeah...I voted "no" by the way. Well, still good news!

Link to full article: http://finance.yahoo.com/news/delta-announces-september-quarter-profit-113000904.html

just fyi, the profit sharing check doesn't change for this year it changes for the next.

 

[Hamfighter]

Woohoo!

 

[SplitBar]

If we can pull of $2 Billion next year then our profit share doesn't change. It only changes if we make under $2 Billion.

 

[lowtimedriver]

Good news for DAL and their stock is down .28 today.

 

[Mach 80]

Isn't it great what bankruptcy (toss away accumulated debt instead of carrying it, screw your debt holders, and shred contracts) can do for the bottom line!! Hurray!!! Awesome!!!

 

[General Lee]

Good news for DAL and their stock is down .28 today.

They missed estimates by 3 cents per share, so the stock is down. But, they did have a $768 million profit for the quarter, so that aint bad.


Bye Bye---General Lee

 

[General Lee]

Isn't it great what bankruptcy (toss away accumulated debt instead of carrying it, screw your debt holders, and shred contracts) can do for the bottom line!! Hurray!!! Awesome!!!

Ummmm, there is still a lot of debt, and it was at $19 billion in 2008? Now it is being paid down to $10 billion by the end of next year (currently at $11.8 billion?). That's pretty good. Delta is spending a lot of money on debt payments, and also pension liabilities. When DL gets the debt to $10 billion by next year, it will save DL about $500 million per year in interest payments on that debt.


Bye Bye---General Lee

 

[General Lee]

Delta Announces September Quarter Profit

• Delta's net income, excluding special items1, for the September 2012 quarter was $768 million, or $0.90 per diluted share.
• Delta's September 2012 quarter GAAP net income was $1.0 billion, or $1.23 per diluted share, including mark-to-market gains on open fuel hedges and other special items.
• Delta's unit revenues were up 3 percent for the quarter and the company has produced a unit revenue premium to the industry for eighteen consecutive months.
• Results included $174 million in profit sharing expense, for a total of $309 million year to date, in recognition of Delta employees' efforts toward the company's financial targets. In addition, Delta people have received $67 million in Shared Rewards in 2012 for hitting the company's operational and customer service targets.
• Delta ended the September 2012 quarter with $5.1 billion in unrestricted liquidity and adjusted net debt of $11.9 billion.

Now, where's that fat profit sharing check?! Oh yeah...I voted "no" by the way. Well, still good news!

Link to full article: http://finance.yahoo.com/news/delta-announces-september-quarter-profit-113000904.html

Again, the profit sharing check on Feb 14th of next year will NOT be affected by the new contract. The next year's one could be, but if profits are still climbing, the check could be even higher. When the interest payments on the debt go down by $500 million per year after the debt reaches $10 billion, that will probably help too.


Bye Bye---General Lee

 

[BILL LUMBERG]

Our stock is never going to do much of anything until they pay a dividend......

Bottom line.....investors won't touch it and the stock price will matter when they do.