NWA Cargo.....no more???
04-21-2009, 02:14 PM
#22
Line Holder
Joined APC: Jan 2007
Position: -400 FO
Posts: 25
No money in cargo
TURBULENCE AHEAD
Delta President Ed Bastian said he expected revenues to "be under significant pressure for the remainder of the year".
But he said he believed that merger cost savings, lower fuel prices and steps to boost cash would help the carrier weather industry turbulence.
"The fundamentals of our business remain strong and once the economic outlook improves, Delta will be best positioned to take advantage of the global recovery," Bastian said in a statement.
Delta said more than 2,500 employees -- more than initially expected -- had accepted early-out and early retirement packages offered in January.
In another measure to cut costs, Delta said it would ground its fleet of fourteen 747-200 cargo aircraft at the end of 2009 due to the aircraft's age and inefficiency.
It will also start charging international passengers USD$50 to check a second bag beginning July 1 to raise USD$100 million.
Weakness in global markets led Delta to announce in March that it would cut international seat capacity by an additional 10 percent starting in September.
Delta reported USD$6.7 billion in revenue, which was in line with analyst expectations, and ended the quarter with USD$5 billion in unrestricted liquidity.
The Atlanta-based carrier said falling oil prices diluted the value of its fuel hedges in the quarter, resulting in an accounting loss of USD$684 million. Hedge losses are expected to decline throughout the year.
http://tinyurl.com/c9uy2d
This was on the UPS pilot IPNN today.
Delta President Ed Bastian said he expected revenues to "be under significant pressure for the remainder of the year".
But he said he believed that merger cost savings, lower fuel prices and steps to boost cash would help the carrier weather industry turbulence.
"The fundamentals of our business remain strong and once the economic outlook improves, Delta will be best positioned to take advantage of the global recovery," Bastian said in a statement.
Delta said more than 2,500 employees -- more than initially expected -- had accepted early-out and early retirement packages offered in January.
In another measure to cut costs, Delta said it would ground its fleet of fourteen 747-200 cargo aircraft at the end of 2009 due to the aircraft's age and inefficiency.
It will also start charging international passengers USD$50 to check a second bag beginning July 1 to raise USD$100 million.
Weakness in global markets led Delta to announce in March that it would cut international seat capacity by an additional 10 percent starting in September.
Delta reported USD$6.7 billion in revenue, which was in line with analyst expectations, and ended the quarter with USD$5 billion in unrestricted liquidity.
The Atlanta-based carrier said falling oil prices diluted the value of its fuel hedges in the quarter, resulting in an accounting loss of USD$684 million. Hedge losses are expected to decline throughout the year.
http://tinyurl.com/c9uy2d
This was on the UPS pilot IPNN today.
Great. The ORD-ANC commute just got significantly harder in 2010. Just perfect.
04-21-2009, 05:13 PM
#25
Gets Weekends Off
Joined APC: Jul 2008
Posts: 1,235
Hope no one loses their job at NWA/DL as a result of this.
04-22-2009, 06:59 PM
#27
Gets Weekends Off
Joined APC: Dec 2005
Position: Retired
Posts: 153
Took me a minute...
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