Oil prices tumble, here comes the profit sharing...

[General Lee]

Whoops. Lee is wrong once again. Like candy from a SKY dispatcher.

"But fuel, the airline's biggest single expense, jumped 29 percent to $2.95 billion. Delta recorded $347 million in charges for adjustments to fuel-hedging ? those are contracts to protect against big spikes in fuel prices, but they can backfire if oil prices fall."

Was the above for Q3? Oil has dropped huge amounts in the last 2 weeks. DL is not 100% hedged. Sooooooo, I'm thinking a drop in overall fuel WILL help, a lot. Wrong Juany, wrong.


Bye Bye---General Lee

 

[jonjuan]

Sooooooo, I'm thinking

Bye Bye---General Lee

Well, that's where you should have turned right instead of left. Wrong again. NEXT!

 

[General Lee]

Well, that's where you should have turned right instead of left. Wrong again. NEXT!

Wow, you are jealous. You can't even focus on the part about $1.6 billion in profits, an extra $900 million in free cash flow, and now over $800 million in profit sharing. And that's after that hedging charge for LAST quarter. Even RA said for the year the profit should be over $4 billion. Your airline won't even come close. Oh well.



Bye Bye---General Lee

 

[EngineThunder]

Wow, you are jealous. You can't even focus on the part about $1.6 billion in profits, an extra $900 million in free cash flow, and now over $800 million in profit sharing. And that's after that hedging charge for LAST quarter. Even RA said for the year the profit should be over $4 billion. Your airline won't even come close. Oh well.



Bye Bye---General Lee

Bankruptcy: don't run an airline without it.

 

[redflyer65]

Whoops. Lee is wrong once again. Like candy from a SKY dispatcher.

"But fuel, the airline's biggest single expense, jumped 29 percent to $2.95 billion. Delta recorded $347 million in charges for adjustments to fuel-hedging ? those are contracts to protect against big spikes in fuel prices, but they can backfire if oil prices fall."

You have to remember where Genny comes from historically and why he keeps talking about others being jealous of Delta....even when they aren't.

Genny was extremely jealous of a small Texas company called Southwest as they powered thru events like 9/11 and continued to hire pilots the entire time. Even running a newhire class the next day.

Meanwhile he watched his beloved airline get crushed from '01-05. Huge furloughs, huge corporate losses, massive outsourcing. It all culminated into a bankruptcy filing Sept 05.

What a horrible 5 years. So is he happy now? Sure, but he still can't help himself trying to dig on SW. That's really were the anger comes from. He was unbelievably jealous from 01-05 and it drove him crazy. He carries it with him to this day. Bill L might have found himself down this line of thinking of well. They have trouble just letting it go.

 

[General Lee]

Well, that's where you should have turned right instead of left. Wrong again. NEXT!

Oh Juany, looks like in the "special items" section I found this:

"a $215 million charge for mark-to-market adjustments on fuel hedges settling in future periods;"


So, it looks like they did settle "future" hedges already. Now that gas has fallen so much, they may take advantage of it. That's what you can do when you make so much in ONE quarter.... Good luck pal.


Bye Bye---General Lee

 

[General Lee]

Bankruptcy: don't run an airline without it.

Guess what? You can do it too. This is the land of second chances. Let's hope you guys don't have to go through it. It wasn't fun, except for the attorneys.

Also, you can profit like this too, it's called bag and change fees. Look into it.



Bye Bye---General Lee

 

[EngineThunder]

Guess what? You can do it too. This is the land of second chances. Let's hope you guys don't have to go through it. It wasn't fun, except for the attorneys.

Also, you can profit like this too, it's called bag and change fees. Look into it.



Bye Bye---General Lee

Its not bag fees and change fees, it all started with BK. None of this is possible without it. Debate that. You can't and u know it.

 

[General Lee]

You have to remember where Genny comes from historically and why he keeps talking about others being jealous of Delta....even when they aren't.

Genny was extremely jealous of a small Texas company called Southwest as they powered thru events like 9/11 and continued to hire pilots the entire time. Even running a newhire class the next day.

Meanwhile he watched his beloved airline get crushed from '01-05. Huge furloughs, huge corporate losses, massive outsourcing. It all culminated into a bankruptcy filing Sept 05.

What a horrible 5 years. So is he happy now? Sure, but he still can't help himself trying to dig on SW. That's really were the anger comes from. He was unbelievably jealous from 01-05 and it drove him crazy. He carries it with him to this day. Bill L might have found himself down this line of thinking of well. They have trouble just letting it go.

Well, those were a terrible 5 years, for many airlines and employees. No doubt there. Now Consolidation has really put the remaining airlines on track, including yours. And bag and change fees have helped too.

Hey, I've found something else for you Red from the article:

"Excluding mark-to-market adjustments,3 fuel expense declined $23 million driven by lower market prices and higher refinery profits. Delta's average fuel price was $2.90 per gallon for the September quarter, which includes $63 million in settled hedge gains. Operations at the refinery produced a $19 million profit for the September quarter, a $16 million improvement year-over-year."



Bye Bye---General Lee

 

[jonjuan]

Wow, you are jealous. You can't even focus on the part about $1.6 billion in profits, an extra $900 million in free cash flow, and now over $800 million in profit sharing. And that's after that hedging charge for LAST quarter. Even RA said for the year the profit should be over $4 billion. Your airline won't even come close. Oh well.



Bye Bye---General Lee

Nope-one of the many problems with you is your lack of reading comprehension ability. It's been pointed out on here hundreds of times. Never said anything about the profits, yet you try to change the subject. You said profits would get even bigger due to lower fuel, yet the opposite happened due to your myopic, linear thought process.