Projected Delta numbers $$$$

[General Lee]

Delta Air Lines Inc. (DALRQ) disclosed Tuesday that it expects to generate pretax income of roughly $816 million, excluding special and reorganization items.

For 2006, the nation's third-largest airline in the U.S. by passenger traffic reported a pretax loss of $452 million, excluding items.

In an investor presentation transcript filed with the Securities and Exchange Commission, Delta also said it expects to see capacity growth ranging from 2% to 4% in 2007, with annual growth in later years of around 3%.

In addition, the airline expects revenue per seat mile, or RASM, to grow 4% in 2007, compared to 1.5% growth for the airline industry. Delta expects its RASM to grow about 2% a year in later years.

Delta also believes that it will reduce its adjusted net debt to $7.6 billion in 2007 from $17 billion in 2005. In 2008, the company projects its adjusted net debt to fall to $6.2 billion, according to the filing.

As reported, Delta filed for Chapter 11 protection in the U.S. Bankruptcy Court in Manhattan on Sept. 14, 2005. The company has said it is on course to exit bankruptcy by the middle of 2007.

Also, Delta said it has positioned itself to reinvest roughly $6 billion into its business. The company said it's generating strong cash flow from operations, while strengthening its balance sheet.



Bye Bye--General Lee

 

[BID]

is it not amazing what a year can do?

 

[~~~^~~~]

Good numbers for sure.

 

[AA717driver]

Yeah but they can't fund a DB pension plan. TC

 

[737 Pylt]

Yeah but they can't fund a DB pension plan. TC

No, that's why we went to a DC!

737

 

[C-150ETOPS]

Am I missing something? Didn't Delta jack the US taxpayers with a PBGC bill for a pension default not long ago?

 

[ACL65PILOT]

Aren't capitalism and BK laws great.

 

[Tomct]

Good news all around!

 

[General Lee]

Am I missing something? Didn't Delta jack the US taxpayers with a PBGC bill for a pension default not long ago?

There was a default for the pilots, but not the rest of the employees(nonunion folks). We got a $650 million note inexchange for our pension, plus $2.1 billion in equity. (at around 65-70 cents on the dollar). The PBGC also got about $2 billion in equity, which is close to the amount they have to cover, which means they will do ok, not as bad as they did with USAir or United.

Bye Bye--General Lee

 

[AA717driver]

Am I missing something? Didn't Delta jack the US taxpayers with a PBGC bill for a pension default not long ago?

I realize GL and 737pylt are trying to make lemonade out of lemons but the sad fact remains that ALL the Ch.11 airlines have taken their employees and the U.S. taxpayers to the cleaners.

This has been one of the great scams perpetrated on the citizens of this country.

Suddenly, all these airlines are making great profits. Why? Because they are paying their employees crap, giving them crap benefits and lousy retirement AND they screwed the creditors out of what was due them (ultimately, we all will pay for that because it will trickle down...).

I feel sad for the retirees who lost their pensions (above PBGC max.) and their medical (or had it so severely watered down that it's worthless). TC

 

[ACL65PILOT]

As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits. It had to be done at the time to survive. Lets hope that this type of thing will never happen again.

 

[bravodude]

As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits. It had to be done at the time to survive. Lets hope that this type of thing will never happen again.

I don't see what you guys are so happy about. The stole the pension, threy took your pay and every delta pilot is ready to hug and kiss and make up. riiiiiiight!

 

[lowecur]

Congrats to DL, even though I doubt the operational profit will be half of that. My biggest concern is how long the employees are going to sit on their hands before wringing the gooses neck again. History is a great teacher, and unfortunately it has few disciples when it comes to putting the individual pursestrings ahead of the company wellbeing. Guys like Glenn Tilton and other Wall St type CEO's only further enhance the bifurcation and discord between employee groups that desperately need chemistry for long term survival.

A tip of the hat is in order with a caveat that long term success will be the only true measure of whether this is a short term blip or an actual viable plan to return the legacys to the prominence of decades past.

Incidently, you can probably add $8 to $10B to the debt load once they finalize fleet refurbishing.

imp:​

 

[ACL65PILOT]

All is true. I know that the pilots will want some of the green back in 09. It is only fair. Our pensions are gone. Social security will be gone. All we have let if DC funds and 401K' . Lets hope that this is enough. It means that we will all have to live a little differently than we though we would. In a nut shell, That is life. Get over it. We will never see the money we once did, and that is OK. Life is not just about money.
If you are a positive person you will find something positive in everything. Good or bad. If not you will be miserable the rest of your life. Be grateful that at least DAL, CAL, USA, and the others made it through this time.
We may get something back, and that is only fair, but I will not base the rest of my life on that.

 

[bravodude]

All is true. I know that the pilots will want some of the green back in 09. It is only fair. Our pensions are gone. Social security will be gone. All we have let if DC funds and 401K' . Lets hope that this is enough. It means that we will all have to live a little differently than we though we would. In a nut shell, That is life. Get over it. We will never see the money we once did, and that is OK. Life is not just about money.
If you are a positive person you will find something positive in everything. Good or bad. If not you will be miserable the rest of your life. Be grateful that at least DAL, CAL, USA, and the others made it through this time.
We may get something back, and that is only fair, but I will not base the rest of my life on that.

And that is exactly what mgt hopes you will do. maybee get a little back but its ok if not. Just sitback relax and watch as mgt gets raise after raise after option and you will finance it all.

 

[ACL65PILOT]

That is not what I said. What I am saying is that. Their greed as well as our combined with the LCC rise caused a lot of this. If we as well as they can keep our greed in check, we may avoid this in the future.

 

[warbirdfinder]

ACL65PILOT wrote:
As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits.

"we as pilots agreed to all of it", that's an odd statement, I don't remember getting to vote.

I hope you weren't too put out or too difficult for your to sign the contract that dumped the pensions and medical of 5800 retired pilots and saddle the PBGC with the additional debt. It must have been a horrible sacrifice for you!

With jerks like you flying the line, it makes me glad I am retired.

 

[jonjuan]

ACL65PILOT wrote:
As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits.

"we as pilots agreed to all of it", that's an odd statement, I don't remember getting to vote.

I hope you weren't too put out or too difficult for your to sign the contract that dumped the pensions and medical of 5800 retired pilots and saddle the PBGC with the additional debt. It must have been a horrible sacrifice for you!

With jerks like you flying the line, it makes me glad I am retired.

I don't think ACL is even a DAL pilot. He thinks that he should keep his greed in check and yet expects to have $10 million in the bank after his 30 year career at DAL. What then defines greed if $10 Mil ain't it?
As lowecur said, all it will take is one $800 million profit year and it's goose squeezing time with everyone saying "but this time it's different."

 

[ACL65PILOT]

I did not sign it. I hated it. What I stated was we as pilots agreed to it. As a whole. I thought it was bs, but we as pilots speak as one voice. That one voice said dump em.
It hate the fact that we as pilots dumped your pension. It is crap. It also is bs that you lost medical.
I also find it deplorable that if you took the early out you get noting from the PBGC and no medical benefits. It sucks. We sold you guys out. For what I do not know.
The entire point of the comments was this. It is done and we as voting pilots are to blame. We cannot point the finger at anyone but ourselves.

 

[ACL65PILOT]

the 10 Million is off of 401K and the b plan. The point in that was this. Even with out the pension we can still do well. Not, yippee I will be rich. Fact is that if history repeats itself. I will be lucky to see half of that.

 

[Hutchman]

the 10 Million is off of 401K and the b plan. The point in that was this. Even with out the pension we can still do well. Not, yippee I will be rich. Fact is that if history repeats itself. I will be lucky to see half of that.

I think the govenment will only allow contributions of $40-$45k total per year. Even with 30 years at an airline you will be hard pressed to put away $5 million. I highly doubt in your first 6 years or so when you are not making loads of cash that you will even come close to the $44k cap. Bottom line, we are all in for a rude awakening (if we are not already awake by now).

 

[AA717driver]

"We" as the collective ALPA pilots did sell out and sign to "preserve" their jobs.

ALPA national knew what was coming after 1113 was used on the TWA pilots. They did nothing to help us but that does not excuse allowing it to be used against the other carriers as they filed.

ALPA should have gone the the next cocktail party and announced that "I hope you Congressmen enjoy DRIVING to visit your constituents because until you fix this 1113 problem, you sure as HELL won't be flying!". Oh, I forgot, it's ALPA. Never mind.

The problem is, no one is willing to put ANYTHING on the line. As long as they can eake out an existence with a "decent" retirement (sorry, warbirdfinder, we're going to throw YOU and your fellow retirees under the bus--sucks to be you...) it's ok. It'll be ok until Congress passes the next series of "laws" that gives management access to the DC plans. "It's for the survival of the company you know."

Then, the next generation of pilots will throw ACL65 and his classmates under the bus because they will be making enough to keep some cash stuffed in their matresses for retirement. TC

 

[ACL65PILOT]

What you say is sad, but probably true.

 

[LJDRVR]

What's the status of the recently introduced legislation that will hold the s responsible for this mess financially accountable? If Delta is making a profit, there is no freaking way the US taxpayer should be on the hook for a penny of those pensions.

ACL get points for stepping up and being accountable, but this whole fiasco is not the result of pilot greed, it's the outcome of criminally negligent management of an airline that had more money in the bank than God, bought airplanes cash and had no competition in it's hubs, mismanaged to a hollow shell, plundered of value by thugs, and having to compete against an LCC that never should have been anything but an Astrix in the history books.

(No offense to you tranny guys: you've got a great product and super people, but Delta should have buried you from the get go, like CAL recently paid to do with B6 in EWR. You guys would all be flying for Delta.)

Why is it Republicans, (And I'm one of em'.) talk about accountability, yet allow the wholesale plunder of a once mighty airline to be paid for in part by US citizens?

This government and corporate America have a lot to answer for, and eventually they will, in a really ugly way.

 

[AA717driver]

This government and corporate America have a lot to answer for, and eventually they will, in a really ugly way.

Better watch out, the DHS Nazis will declare you a "Domestic Terrorist" and come get you in the middle of the night.

The rest of your post is spot on. TC

 

[LJDRVR]

Better watch out, the DHS Nazis will declare you a "Domestic Terrorist" and come get you in the middle of the night.

The rest of your post is spot on. TC

What I mean is economic consequences: we're going to be a second rate has-been industrial nation, wholly owned by the Chinese, unless citizens start demanding better government.

 

[ACL65PILOT]

I second that.

 

[General Lee]

ACL65PILOT wrote:
As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits.

"we as pilots agreed to all of it", that's an odd statement, I don't remember getting to vote.

I hope you weren't too put out or too difficult for your to sign the contract that dumped the pensions and medical of 5800 retired pilots and saddle the PBGC with the additional debt. It must have been a horrible sacrifice for you!

With jerks like you flying the line, it makes me glad I am retired.

So, how much will you be getting in the unsecured claims? A retired friend of mine will be getting over $700,000 before taxes. You had a choice to leave, and you did it. You could have stayed and had the same fate as the rest of us. You chose to leave.

Bye Bye--General Lee

 

[B737 Guy]

ACL65PILOT wrote:
As much as I have to agree with the above posts. Remember one thing. We as pilots agreed to all of it. We are the ones that signed the contracts to void the pensions and mess with the retirees medical benefits.

"we as pilots agreed to all of it", that's an odd statement, I don't remember getting to vote.

I hope you weren't too put out or too difficult for your to sign the contract that dumped the pensions and medical of 5800 retired pilots and saddle the PBGC with the additional debt. It must have been a horrible sacrifice for you!

With jerks like you flying the line, it makes me glad I am retired.

That's funny retired guy. I could have said the same about when you guys voted away my "no furlough" contracual rights. That being said. How much money did you get on your lump sum payout?
It must have been a horrible sacrifice for you! (your words)

 

[FDJ2]

I hope you weren't too put out or too difficult for your to sign the contract that dumped the pensions and medical of 5800 retired pilots and saddle the PBGC with the additional debt.

The contract didn't dump the pensions. The pension termination happened independent of the contract. DAL did not need, nor did DAL ever need, approval from ALPA to seek to terminate the pilot DB plan.