RJFlyer
Wastin' time...
- Joined
- Nov 26, 2001
- Posts
- 211
Force Majeure continued
FDJ:
I tried to get more monthly traffic reports, but the links are all dead. Regarding DAL financials, check out this link: http://biz.yahoo.com/prnews/020131/atth007_1.html
"Delta Air Lines reported a net loss of $486 million and a loss per share of $3.97 for the December 2001 quarter, excluding unusual items, as described below. This compares to net income of $79 million and diluted earnings per share of $0.60 for the December 2000 quarter."
What was different about 4th Q 2001 and 4th Q 2000? The Sept. 11 terrorist attacks. In 4th Q 2000, the economy was already weak, so that is not the answer.
"after adjusting for reduced flying by some Delta pilots in December 2000, mainline capacity was down 15.0 percent for the quarter. Load factor for the quarter was 63.6 percent compared to 68.9 percent for the same period a year ago."
So capacity was down, and on that reduced capacity, load factor was down. But Delta should continue to operate empty jets so you have a job.
"For the full year 2001, Delta reported a net loss of $1.0 billion" and "a net loss of $486 million and a loss per share of $3.97 for the December 2001 quarter." You can't tell me that 1/2 of the yearly loss in one quarter was not due primarily to the 9/11 attacks.
FDJ:
I tried to get more monthly traffic reports, but the links are all dead. Regarding DAL financials, check out this link: http://biz.yahoo.com/prnews/020131/atth007_1.html
"Delta Air Lines reported a net loss of $486 million and a loss per share of $3.97 for the December 2001 quarter, excluding unusual items, as described below. This compares to net income of $79 million and diluted earnings per share of $0.60 for the December 2000 quarter."
What was different about 4th Q 2001 and 4th Q 2000? The Sept. 11 terrorist attacks. In 4th Q 2000, the economy was already weak, so that is not the answer.
"after adjusting for reduced flying by some Delta pilots in December 2000, mainline capacity was down 15.0 percent for the quarter. Load factor for the quarter was 63.6 percent compared to 68.9 percent for the same period a year ago."
So capacity was down, and on that reduced capacity, load factor was down. But Delta should continue to operate empty jets so you have a job.
"For the full year 2001, Delta reported a net loss of $1.0 billion" and "a net loss of $486 million and a loss per share of $3.97 for the December 2001 quarter." You can't tell me that 1/2 of the yearly loss in one quarter was not due primarily to the 9/11 attacks.