Any "Latest & Greatest" about Delta?
10-26-2012, 04:48 AM
Gets Weekends Off
Joined APC: Nov 2008
Position: A-320/A
Posts: 588
So, If Delta buys them, WHO, pray-tell, will fly them. Mainline, or SDI?
10-26-2012, 04:51 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Management is in a tough spot with their short term mentality owners/potential investors. They didn't hit the consensus earnings per share (missed by a penny) and their costs are growing while some of their major competitors have declining costs (see LCC). They won't see the real positives from the business plan until 2014, so they're trying to paint a picture these quarter to quarter guys with ADD can understand.
I'm sure our management is quite frustrated. They report a Q3 GAAP profit of over $1 billion. UAL reported a GAAP profit of $6 million. Now GAAP isn't real money (it takes into account out of period hedges and special items that may or may not impact real cash), but by almost every measure we're outperforming our large rivals (SWA, UCAL, AMR). Yet we're not getting significat differentiation in stock price performance. We trade at a low multiple, SWA trades at 14.5 earnings. We track with our group about 80%. Management wants (and it would be good for us too) differentiation and the financial flexibility that comes with that.
10-26-2012, 04:57 AM
Line Holder
Joined APC: Mar 2010
Position: 765A
Posts: 98
10-26-2012, 05:06 AM
Gets Weekends Off
Joined APC: Dec 2007
Position: ATL717A
Posts: 890
10-26-2012, 05:12 AM
Gets Weekends Off
Joined APC: Sep 2007
Position: B737 CA
Posts: 1,518
You quoted a guy on my "ignore" list. 80/Purple's posts don't reach me, as I'm choosing not to respond to people who can't put substance into a discussion. If they want to play with that level of immaturity they can join the Fielding Follies in Hangar Talk. Not worth my time.
10-26-2012, 05:27 AM
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
You quoted a guy on my "ignore" list. 80/Purple's posts don't reach me, as I'm choosing not to respond to people who can't put substance into a discussion. If they want to play with that level of immaturity they can join the Fielding Follies in Hangar Talk. Not worth my time.
Management is in a tough spot with their short term mentality owners/potential investors. They didn't hit the consensus earnings per share (missed by a penny) and their costs are growing while some of their major competitors have declining costs (see LCC). They won't see the real positives from the business plan until 2014, so they're trying to paint a picture these quarter to quarter guys with ADD can understand.
I'm sure our management is quite frustrated. They report a Q3 GAAP profit of over $1 billion. UAL reported a GAAP profit of $6 million. Now GAAP isn't real money (it takes into account out of period hedges and special items that may or may not impact real cash), but by almost every measure we're outperforming our large rivals (SWA, UCAL, AMR). Yet we're not getting significat differentiation in stock price performance. We trade at a low multiple, SWA trades at 14.5 earnings. We track with our group about 80%. Management wants (and it would be good for us too) differentiation and the financial flexibility that comes with that.
Management is in a tough spot with their short term mentality owners/potential investors. They didn't hit the consensus earnings per share (missed by a penny) and their costs are growing while some of their major competitors have declining costs (see LCC). They won't see the real positives from the business plan until 2014, so they're trying to paint a picture these quarter to quarter guys with ADD can understand.
I'm sure our management is quite frustrated. They report a Q3 GAAP profit of over $1 billion. UAL reported a GAAP profit of $6 million. Now GAAP isn't real money (it takes into account out of period hedges and special items that may or may not impact real cash), but by almost every measure we're outperforming our large rivals (SWA, UCAL, AMR). Yet we're not getting significat differentiation in stock price performance. We trade at a low multiple, SWA trades at 14.5 earnings. We track with our group about 80%. Management wants (and it would be good for us too) differentiation and the financial flexibility that comes with that.
I've been floored by our stock price changes since the earnings call. Our management team is pretty much screwed if they do, and screwed if they don't. Like you said, they miss EPS by 1 freaking penny. DAL had perhaps the smoothest merger in airline history. DAL has lead the industry in capacity discipline. DAL is aggressive in all cost factors, yet these quarter to quarter guys continue to hammer our stock.
10-26-2012, 05:33 AM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
I've been floored by our stock price changes since the earnings call. Our management team is pretty much screwed if they do, and screwed if they don't. Like you said, they miss EPS by 1 freaking penny. DAL had perhaps the smoothest merger in airline history. DAL has lead the industry in capacity discipline. DAL is aggressive in all cost factors, yet these quarter to quarter guys continue to hammer our stock.
10-26-2012, 05:46 AM
I have shiny jet syndrome
Joined APC: Jan 2008
Position: ELACS, FACs and SECs. Who doesn't love 'em?
Posts: 984
I don't recall you providing suggestions for an alternative path with a probablility of success. Did you? I sure hope you don't suggest the CMR model...
Our pay is way below where I want it to be. I haven't accepted a "reset." But we live in a tough neighborhood. The great SWAPA didn't get a pay raise this year. They're past their amendable date with no progress. A Delta A320 Captain makes $50/hr more than a UAL A320 Captain. APA was first to the concession stand and is now "fighting" for survival under a rejected agreement But the Delta pilots and their agreements which you deride have put additional money in our pocket every year since bankruptcy. And our management was in front of Wall Street on Wednesday defending against the cost increases those agreements provide.
btw, the regional segment is still living with the CMR last gasp survival attempt. PCL restructured their 1113 bankruptcy demand after hearing what you CMR guys were willing to give up to try and keep a job. That increased PCL management's bankruptcy demand by 80%. Nice.
Our pay is way below where I want it to be. I haven't accepted a "reset." But we live in a tough neighborhood. The great SWAPA didn't get a pay raise this year. They're past their amendable date with no progress. A Delta A320 Captain makes $50/hr more than a UAL A320 Captain. APA was first to the concession stand and is now "fighting" for survival under a rejected agreement But the Delta pilots and their agreements which you deride have put additional money in our pocket every year since bankruptcy. And our management was in front of Wall Street on Wednesday defending against the cost increases those agreements provide.
btw, the regional segment is still living with the CMR last gasp survival attempt. PCL restructured their 1113 bankruptcy demand after hearing what you CMR guys were willing to give up to try and keep a job. That increased PCL management's bankruptcy demand by 80%. Nice.
And before you bull$hit a bull$hitter, you ought to know that one of my best friends was one of the CMR negotiators. I'm anxious to hear your facts on how Delta's final screwing of Comair has sent the rest of the regional industry into turmoil.
10-26-2012, 05:59 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Since you were there, you can ask your BFF. Or you can ask a PCL MEC member that just got finished with their 1113C hearing.
10-26-2012, 06:03 AM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,619
I believe you have as well. When DALPA took an offer, and the pilot group ratified it, you (collectively) told Anderson "We agree this is all we're worth when the company is making a profit."
Whatever debt Delta owed you guys from c2000 and bankruptcy (and I believe they still owed you plenty) - it was wiped clean when you passed the TA. The bar was lowered voluntarily.
At this point, "We'll do better next time" is more intellectually honest than "They still owe us"
Whatever debt Delta owed you guys from c2000 and bankruptcy (and I believe they still owed you plenty) - it was wiped clean when you passed the TA. The bar was lowered voluntarily.
At this point, "We'll do better next time" is more intellectually honest than "They still owe us"
The question is not whether we need to continue to raise our wages and benefits, the question is how. Right now, there is no one succeeding at raising the bar like Delta is. 35% in four years and you guys dismiss it as if it is nothing. On average Delta pilots have gained over 40% in four years that is 10+% per year. That is forum spin and completely ignores the real world that we actually live in.
So while you guys preach all or nothing, you completely ignore how the all or nothing crowd has achieved...............nothing. If you had a batter that was hitting .400 and one that was batting .000 who would you take batting lessons from. Oh right, the one without a hit.
Thread
Thread Starter
Forum
Replies
Last Post
