So, how big was Song's er..Delta's loss this time?

[puddlejumper101]

April 26, 2011, 1:53 PM ET

Delta Rises 10% on Strong Revenue Forecast

By Avi Salzman

Delta Airlines posted a narrower than expected loss for the first quarter and said its June-quarter revenue should rise by double digits, sending shares up 10% in afternoon trading. The rest of the airline sector hitched a ride on Delta’s success. U.S. Airways, which also beat estimates, was up 5.3% in midday trading.

Delta posted a 38-cent loss, better than expectations for a 50-cent loss. Revenue came in at $7.75 billion, above estimates of $7.61 billion. Delta reduced its expected capacity for the second half of 2011, targeting reductions in markets where revenue has not kept pace with rising fuel costs. Delta now expects system capacity for the post-Labor Day period to be down approximately 3% year over year.

The company said it has hedged 49% of its fuel for the June quarter, up from 41% this quarter.

“Based on the strength we are seeing in the revenue environment, we currently expect double-digit unit revenue growth for the June quarter,” said Ed Bastian, Delta’s president. ”We believe our aggressive fare actions, combined with a four point capacity reduction for the back half of the year, will allow us to recover the higher costs of fuel in our ticket prices.”



Bye Bye---General Lee

What do you expect them to say, that the airline will suck??? CEOs and VPs are payed to keep the panic low so you worker bees don't start whining. Leo Mullin was an expert at it no matter how bad it was, it wasn't that bad...as long as the golden parachute is still there, we will be allright. Just lie to these people long enough for me to get my millions and leave. Naive of you to believe what yout MGMT tells you, don't you think? Especially since your MGMT has never left you out to dry. If you loose money, you lost money...that's all there's to it.

 

[On Your Six]

What do you expect them to say, that the airline will suck??? CEOs and VPs are payed to keep the panic low so you worker bees don't start whining. Leo Mullin was an expert at it no matter how bad it was, it wasn't that bad...as long as the golden parachute is still there, we will be allright. Just lie to these people long enough for me to get my millions and leave. Naive of you to believe what yout MGMT tells you, don't you think? Especially since your MGMT has never left you out to dry. If you loose money, you lost money...that's all there's to it.

This from a guy who types "payed.". And, Delta didn't "loose" money, we lost money. Next 2 quarters, Delta should make money. That is the same thing that happened last year. General Lee is correct again.


OYS

 

[Scope out RJ's]

Hundreds and hundreds and hundreds and hundreds of MILLIONS IN JUST ONE QUARTER!!!!!!!!!!!

How long can this last?

Depends on how many airplanes you continue to either try to operate as convertibles or keep driving off runways......

 

[Bobby Orr 4]

It was a rough quarter, with Japan problems, ATL ice storms, and higher fuel. It could have been worse. The CFO stated we did generate $800 million in cash and that help pay down more debt. Overall, it wasn't great, but could have been worse.

Bye Bye---General Lee[/QUOTE]

Lee not sure if you remember our last discussion 4th quarter 2010, but you did mention all the above. Add the Japan situation, I agree. Could have been worse.
Over on our side, we need to get out of the media with negative PR. The 737 in Yuma, and off the runway in MDW. Although Boeing has publicly taken responsibility for the Yuma Boeing and nobody was injured in MDW, we need to tighten ops up.
Some of the kids on FI need to realize that our companies flow with each other. We all prosper and suffer together. Wishing the demise of one is wishing difficult times on your company. I have friends who are furloughed and flying overseas and would love the opportunity to get a good job domestically. I don't want to wait until all the geezers finally get put to pasture. Solid profits industry wide will promote growth, upgrades, and hiring. Good for everybody.
I hope your management is correct with forecasting a profitable year and our industry. It is good for everybody. The kids need to realize this.

 

[curtaindriver]

April 26, 2011, 1:53 PM ET

Delta Rises 10% on Strong Revenue Forecast

By Avi Salzman

Delta Airlines posted a narrower than expected loss for the first quarter and said its June-quarter revenue should rise by double digits, sending shares up 10% in afternoon trading. The rest of the airline sector hitched a ride on Delta’s success. U.S. Airways, which also beat estimates, was up 5.3% in midday trading.

Delta posted a 38-cent loss, better than expectations for a 50-cent loss. Revenue came in at $7.75 billion, above estimates of $7.61 billion. Delta reduced its expected capacity for the second half of 2011, targeting reductions in markets where revenue has not kept pace with rising fuel costs. Delta now expects system capacity for the post-Labor Day period to be down approximately 3% year over year.

The company said it has hedged 49% of its fuel for the June quarter, up from 41% this quarter.

“Based on the strength we are seeing in the revenue environment, we currently expect double-digit unit revenue growth for the June quarter,” said Ed Bastian, Delta’s president. ”We believe our aggressive fare actions, combined with a four point capacity reduction for the back half of the year, will allow us to recover the higher costs of fuel in our ticket prices.”



Bye Bye---General Lee

Unfortunately, the analysts hear their favorite airline line "four point capacity reduction for the back half of the year" and they start pushing that stock up. It's a jacked up system, JetBlue posts a profit...BUT is growing so the stock gets dinged. Can't win!!

CD

 

[Full of LUV]

What do you expect them to say, that the airline will suck??? CEOs and VPs are payed to keep the panic low so you worker bees don't start whining. Leo Mullin was an expert at it no matter how bad it was, it wasn't that bad...as long as the golden parachute is still there, we will be allright. Just lie to these people long enough for me to get my millions and leave. Naive of you to believe what yout MGMT tells you, don't you think? Especially since your MGMT has never left you out to dry. If you loose money, you lost money...that's all there's to it.

Your right, it's a horrible, despicable place to work and fly. Please do not apply, find a place where you can get "payed" correctly and that they do not "loose" money, and apply there! No puddle jumpers needed.

 

[Godfather]

General, you forgot to mention the Deisel 9-50s, Saabs and 60 more CRJs are being phased out after Labor Day. Talk about capacity reduction. Is this Dicky's answer to the LUV/AAI merger? This will be interesting to watch and see how this plays out and where the cuts will happen most. PNCL and Mesaba will lose out for sure.

 

[General Lee]

General, you forgot to mention the Deisel 9-50s, Saabs and 60 more CRJs are being phased out after Labor Day. Talk about capacity reduction. Is this Dicky's answer to the LUV/AAI merger? This will be interesting to watch and see how this plays out and where the cuts will happen most. PNCL and Mesaba will lose out for sure.

Incorrect. The news to dump the DC9s was old new, which stated 12-18 months for the parkings. That was just extended to 18 months for all of them. 6 were supposed to be parked this year, and that has now been cancelled by marketing, since they still need them. They will actually undergo C checks or D checks, instead of dumping them in the desert. The Saabs will be phased out, or given to USAir for LGA service until our LGA slot swap is approved by the GOVT (the major contention was SWA wanted DCA slots, and now they have them with Airtran). The RJs will be phased out, but mainly from Comair, which will be down to 44 total planes. Most of their flights are leaving CVG, a place SWA and Airtran haven't wanted to go to yet. The 8-10% Trans Atlantic reduction after Labor Day will occur for 3 months, which actually is normal at Delta. Every year since '96 I have seen this happen, a drawdown from the busy Summer and then less frequency per week to those destination (actually giving longer layovers, which can be nice), and at the same time giving DL time to put some of those planes through yearly MX. Wall Street sure liked the news, which lifted DL stock 97 cents yesterday. I can assure you that Delta will probably NOT draw down and ATL service when you waltz in there. But, you may win out on some of the routes, like Tunica and Branson, MO. Good for you.



Bye Bye---General Lee

 

[swaflyguy]

I guess the fact that Delta,s stock had tanked 30% in the last 90 days had nothing to do with it.... Keep sticking your head in the sand my friend!!!

 

[On Your Six]

I guess the fact that Delta,s stock had tanked 30% in the last 90 days had nothing to do with it.... Keep sticking your head in the sand my friend!!!

You should work at CNBC, cleaning toilets. Thanks Trish Regan!


OYS

 

[swaflyguy]

You should work at CNBC, cleaning toilets. Thanks Trish Regan!


OYS

OYS opens mouth and makes no sense at all. I'm just stating a fact. Why do you get so defensive? Are you that little that you can't have a discussion based on facts. Obviously not. Personally I could care less if delta loses or makes 10 billion dollars. As a matter of fact I hope you guys get a big fat contract because thats the only possible way anything or anyone from delta is going to have any effect on my Quality of life. Throwing around a playground insult is actually amusing. It tells me that your overmatched and thats the best you can do. Thanks for the laughs. Have a great day..

 

[Freebrd]

You should work at CNBC, cleaning toilets. Thanks Trish Regan!


OYS

This jerk w/ his comments, what a "looser" lol

 

[Rough67]

Incorrect. The news to dump the DC9s was old new, which stated 12-18 months for the parkings. That was just extended to 18 months for all of them. 6 were supposed to be parked this year, and that has now been cancelled by marketing, since they still need them.



Bye Bye---General Lee

This is a rumor I have heard also. I just learned that it is a false rumor, and the 50s will be parked, starting this summer as originally planned. (from a high up fellow)

Have a nice day.

 

[General Lee]

This is a rumor I have heard also. I just learned that it is a false rumor, and the 50s will be parked, starting this summer as originally planned. (from a high up fellow)

Have a nice day.

That's not what the President of Delta stated. Have fun with your high up fellow. My day is going great.


Bye Bye----General Lee

 

[General Lee]

OYS opens mouth and makes no sense at all. I'm just stating a fact. Why do you get so defensive? Are you that little that you can't have a discussion based on facts. Obviously not. Personally I could care less if delta loses or makes 10 billion dollars. As a matter of fact I hope you guys get a big fat contract because thats the only possible way anything or anyone from delta is going to have any effect on my Quality of life. Throwing around a playground insult is actually amusing. It tells me that your overmatched and thats the best you can do. Thanks for the laughs. Have a great day..

Gimmee a break. Higher oil has hurt almost all airline stocks, but the Japan stuff has hurt Delta more because it was more exposed to that particular problem. Everyone knew it was going to hurt Q1 financials. Q1 is always worse than Q2 and Q3, and then stock will climb back up, and then maybe come down again after Q4 results. It isn't that hard to understand. Airlines do better in the Spring and Summer. I thought OYS' slams were hillarious. And, he could have called you Bob Pisanni or someone else at CNBC that was uglier than Trish Regan. Start feeling better about your appearance now, Trish.


Bye Bye---General Lee