Any "Latest & Greatest" about Delta?
01-25-2010, 08:33 AM
Back on TDY
Joined APC: Apr 2008
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01-25-2010, 08:37 AM
Get's Every Day Off
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01-25-2010, 08:53 AM
Happy to be here
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It also depends on how each of these items is hit, how Delta does it cost accounting, how they depreciate etc. All of that will effect Pre Tax Earnings.
You can tinker with how much CAPex you are costing out say per quarter over the life of a project, or per year as programs will run multiple years. These hits do not need to take place evenly over a project, or expenditure. I know you know this.
To come to the conclusion that our accounting is a manifestation of depict is empirically incorrect. It is an art form. How, when and what we hit, where we hit etc is in many cases is discretionary as many assets will bridge divisions of a corporation, or many projects will be completed my many depts. in an organization.
My point and it will remain my point is that I would love to see the formulas, where the raw data is pulled, etc to come up with one single line on our earnings report. It is truly fascinating to me how different accountants looking at the same raw numbers will both arrive at different results depending on how they hit certain costs, appreciations ,deprecations etc. The numbers are not "wrong" and making the point is incorrect. The point is that a "good" accountant or accounting dept can report data differently. Most of it is simple like fuel costs, gate, terminal, hanger leases, which are paid on a set sked. What gets fun is where things like RJ's that DAL owns are hit. Do they hit the DAL balance sheet, then hit DCI or the third party's balance sheet differently. Is it a direct pass-though, or does DAL pay more per jet than what they lease it to them at. Em are the details I am taking about.
As for tomorrow. I would listen as everyone is laying hint bombs abound that tomorrow will finally show some direction in which the corporation is heading.
01-25-2010, 08:54 AM
No longer cares
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01-25-2010, 08:55 AM
Happy to be here
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01-25-2010, 08:59 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
If we get Jets it will be because they are darn near free. We NEED to pay down the debt. If we do not we will be back in CH 11 during the next downturn. We are surviving now, but add to the debt with frivolous purchases etc, and it will become too much for the corporation to bear.
My point is that 1 BILLION on interiors is one of many medium sized projects that will undertake over the next few years. Like I said expect the next one to be to modernize out ground support equipment. It seems to go in five to seven year cycles.
01-25-2010, 09:01 AM
Gets Weekends Off
Joined APC: Nov 2009
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New paint and interiors ... no new capital expenditures on state of the art equipment. ...
Press Release Source: Delta Air Lines On Monday January 25, 2010, 11:24 am
ATLANTA,Jan. 25 /PRNewswire-FirstCall/ -- Delta Air Lines (NYSE: DAL) will invest $1 billion, or about $300 million per year, through mid-2013 to improve the customer experience in the air and on the ground. The capital investment will improve the consistency and level of service provided to Delta's BusinessElite, First Class and elite-level flyers, as well as increasing the efficiency of the airline's fleet. Planned enhancements include:
"Delta's planned fleet and product investments mark the most significant investment we have made in our customers in more than a decade," said Delta CEO Richard Anderson. "Our premium travelers tell us that the comfort of a flat bed seat with direct aisle access, a first class experience on regional jets and in-flight entertainment are important factors in their choice of carrier."
"This investment will be made while staying well within the level of our historical capital expenditures," said Ed Bastian, Delta's president. "Rather than invest in new aircraft, Delta will be spending its capital to improve the quality and consistency of the on-board product and efficiency of the aircraft we already own."
Press Release Source: Delta Air Lines On Monday January 25, 2010, 11:24 am
ATLANTA,Jan. 25 /PRNewswire-FirstCall/ -- Delta Air Lines (NYSE: DAL) will invest $1 billion, or about $300 million per year, through mid-2013 to improve the customer experience in the air and on the ground. The capital investment will improve the consistency and level of service provided to Delta's BusinessElite, First Class and elite-level flyers, as well as increasing the efficiency of the airline's fleet. Planned enhancements include:
- Installing full flat-bed seats in BusinessElite on 90 trans-oceanic aircraft, including 14 Boeing 767-400ERs, 52 Boeing 767-300ERs, 16 Boeing 747-400s and eight Boeing 777-200ERs. Upon completion, each of these fleets will have full flat bed seats on all aircraft.
- Adding in-seat audio and video on demand throughout Economy Class on 16 Boeing 747-400 and 52 Boeing 767-300ER aircraft. With these additions, Delta will offer personal, in-seat entertainment for both BusinessElite and Economy class customers on all wide-body aircraft.
- Adding First Class cabins to 66 CRJ-700 aircraft operated by Delta Connection carriers ASA, Comair and SkyWest, bringing to 219 the number of regional aircraft with First Class seating. (rather see SkyWest spend part of their pile of cash on their airplanes - ed)
- Completing the modification of 269 pre-merger Northwest aircraft to feature Delta's signature blue leather seats, updated lighting and enhanced cabin amenities such as increased overhead bin space on pre-merger Northwest 757-200s.
- Installing winglets on more than 170 Boeing 767-300ER, 757-200 and 737-800 aircraft to extend aircraft range and improve fuel efficiency by as much as five percent.
- Renovating and expanding Delta's Los Angeles Sky Club lounge, and introducing new Sky Club locations in Seattle, Philadelphia and Indianapolis.
"Delta's planned fleet and product investments mark the most significant investment we have made in our customers in more than a decade," said Delta CEO Richard Anderson. "Our premium travelers tell us that the comfort of a flat bed seat with direct aisle access, a first class experience on regional jets and in-flight entertainment are important factors in their choice of carrier."
"This investment will be made while staying well within the level of our historical capital expenditures," said Ed Bastian, Delta's president. "Rather than invest in new aircraft, Delta will be spending its capital to improve the quality and consistency of the on-board product and efficiency of the aircraft we already own."
Does this program include the fNWA 5500 series 757's? Not one has been painted yet.
01-25-2010, 09:13 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
No, it's not. We've been doing just south of $3 billion per year for quite some time. Their actions will show if they're serious about paying down debt. Debt interest service was north of $1.3 billion this year.
01-25-2010, 09:30 AM
Gets Weekends Off
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Posts: 584
Are we getting ourselves all "wrapped around the axle" about something that's really a small drop in the ocean?
Seems to me that most 121 carriers have some sort of comparable sick leave policy.
You're gonna have the guys that "never" call in just on principal. Then there are the guys who call in often " just on principal".
These factions exist at EVERY airline, no matter what.
So, as some have said, it comes down to what you negotiate, and your personal qualifications.
Captain "I know all, bow to me, you know nothing." (I'll let you guess who that is" might have one definition of what fair is. Guy #6748 might have a totally different perspective.
Base closures
cutbacks ...etc...
At the end of the day, ...honestly...how many guys are abusing the policy AA it relates to the whole.
We all, north and south, understand the negative implications of bangin in for no good reason (commute got screwed included).
Lighten up!
Side note:
I understand what you're saying Carl, about losing a huge amount of sick time right at the end. Um.... I can't find a better way to say it:
"Go Home!"
Seems to me that most 121 carriers have some sort of comparable sick leave policy.
You're gonna have the guys that "never" call in just on principal. Then there are the guys who call in often " just on principal".
These factions exist at EVERY airline, no matter what.
So, as some have said, it comes down to what you negotiate, and your personal qualifications.
Captain "I know all, bow to me, you know nothing." (I'll let you guess who that is" might have one definition of what fair is. Guy #6748 might have a totally different perspective.
Base closures
cutbacks ...etc...
At the end of the day, ...honestly...how many guys are abusing the policy AA it relates to the whole.
We all, north and south, understand the negative implications of bangin in for no good reason (commute got screwed included).
Lighten up!
Side note:
I understand what you're saying Carl, about losing a huge amount of sick time right at the end. Um.... I can't find a better way to say it:
"Go Home!"
Last edited by Jay5150; 01-25-2010 at 09:52 AM.
01-25-2010, 09:40 AM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,037
Carl, I can't believe you forgot our days in College. We played Golf together ... remember when you taught me how to fix my slice?
YouTube - Animal House - Classic Golf Lesson
Thanks and that's my point.
Bastian's statement is really just putting lipstick on something that would otherwise just be "maintenance" and despite all the allegations of incredible accounting creativity this is an area that falls under our tax code, as FedEx found out with their treatment of engine overhaul costs.
YouTube - Animal House - Classic Golf Lesson
Bastian's statement is really just putting lipstick on something that would otherwise just be "maintenance" and despite all the allegations of incredible accounting creativity this is an area that falls under our tax code, as FedEx found out with their treatment of engine overhaul costs.
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