Any "Latest & Greatest" about Delta?
05-29-2009, 11:39 AM
#7681
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,037
Major Hedging Positions Reported
U.S. crude oil future CLc1 traded near $65 a barrel in
New York on Friday, up from $32.40 in December and down from an
all-time high above $147 in mid-July.
The following table shows fuel hedging positions as
reported by the carriers:
AIRLINE PERIOD DETAILS
Delta Air Lines (DAL.N)
Q2 75 pct hedged; $2.08 / gallon
2009 61 pct hedged; $1.99
American Airlines
Q2 37 pct hedged at $2.59/gallon; 33 pct hedged at average floor of $1.99/gallon.
2009 35 pct hedged at average cap of $2.54/gallon; 32 % hedged at average floor of $1.89/gallon
United Airlines
Q2 the company expects mainline fuel price, including the impact of settled hedges, to be $2.02/gallon
Continental Airlines (CAL.N)
Q2 35 percent hedged with an average price cap of $3.48/gallon
35 percent hedged with an average price floor of $2.61/gallon
Southwest Airlines (LUV.N)
2009 29 percent ???? Article did not post the figure
US Airways (LCC.N)
Q2 25 percent hedged with range of $2.03-$2.08/gallon
2009 18 percent hedged with range of $1.96-$2.01/gallon
New York on Friday, up from $32.40 in December and down from an
all-time high above $147 in mid-July.
The following table shows fuel hedging positions as
reported by the carriers:
AIRLINE PERIOD DETAILS
Delta Air Lines (DAL.N)
Q2 75 pct hedged; $2.08 / gallon
2009 61 pct hedged; $1.99
American Airlines
Q2 37 pct hedged at $2.59/gallon; 33 pct hedged at average floor of $1.99/gallon.
2009 35 pct hedged at average cap of $2.54/gallon; 32 % hedged at average floor of $1.89/gallon
United Airlines
Q2 the company expects mainline fuel price, including the impact of settled hedges, to be $2.02/gallon
Continental Airlines (CAL.N)
Q2 35 percent hedged with an average price cap of $3.48/gallon
35 percent hedged with an average price floor of $2.61/gallon
Southwest Airlines (LUV.N)
2009 29 percent ???? Article did not post the figure
US Airways (LCC.N)
Q2 25 percent hedged with range of $2.03-$2.08/gallon
2009 18 percent hedged with range of $1.96-$2.01/gallon
05-29-2009, 11:41 AM
#7682
Gets Weekends Off
Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
05-29-2009, 11:48 AM
#7683
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Awesome Bar.
So, time to go figure those numbers out but just looking at it and given the probable direction of oil (i.e. inventories in the U.S. decreasing and production demolished late last year and early this year thus production or demand not likely to allow $34bb anytime soon, more like OPEC's goal of $75+) DAL looks really good with those numbers, right?
Just my two cents, high oil will cause an increase in inventories far sooner than it did last time and if the economy turns around the predicted high interest rates will also slow the economy which may put a cap on increasing oil prices to around $3/gal at your local gas station or I believe that'd be right around $100bb if 2008 comparison numbers held. Thats my guess. There will be a lower ceiling this time around, the economy is more elastic than before. If that happened, these DAL hedges still look good don't they?
...
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Crude oil futures continued higher for a fifth straight day early Friday, trading above $66 a barrel after a fresh six-month high.
Traders said activity was likely to be dominated by movements in June gasoline and heating oil futures, which expire at the settlement. Prices across the board have been getting a boost from signs of tightening inventories in the U.S., the world's largest oil consumer, and hopes of a bottoming out of the recession which will spark a turnaround in weak oil demand.
Saudi Arabian Oil Minister Ali Naimi threw fuel on the fire, expressing hope this week that crude oil prices could rise above $75 a barrel by the end of the year. He also repeated warnings that prices could rise sharply in coming years to top last summer's peak of $147 a barrel, if oil prices stay below $75, choking off needed investments by producers.
Front-month July crude oil futures jumped 6.6%, or more than $4.03 a barrel heading into Friday's trading as Naimi's remarks played into a continuing speculative rally in oil and other commodities based on hopes of a coming economic turnaround.
At 9:24 AM EDT, July crude was up $1.22 at $66.30 a barrel, after hitting a high of $66.43 a barrel earlier, the highest level since Nov. 5.
OPEC on Thursday kept its oil output ceiling in place and said it aims to shrink the ballooning global oil inventory overhang that threatens to undermine its price target.
Latest U.S. weekly oil inventory data, released Thursday, showed an unexpected large drop of 5.4 million barrels in crude oil inventories, but stocks still remain near their highest levels since September 1990.
Implied gasoline demand jumped 3.3% to its highest level since Aug. 31, 2007 in the week ended May 22, the Energy Information Administration said. But the figure likely reflects movements through the supply chain to the retail level ahead of the Memorial Day holiday, which was celebrated May 25. Analysts said they will be watching for further signs of gasoline demand. EIA data shows gasoline deliveries typically drop week-to-week by 1% or more in the week of the Memorial Day holiday, which kicks off the summer driving season.
June RBOB gasoline futures were up 2.68 cents at $1.9373 a gallon, while June heating oil was up 3.76c at $1.6390.
So, time to go figure those numbers out but just looking at it and given the probable direction of oil (i.e. inventories in the U.S. decreasing and production demolished late last year and early this year thus production or demand not likely to allow $34bb anytime soon, more like OPEC's goal of $75+) DAL looks really good with those numbers, right?
Just my two cents, high oil will cause an increase in inventories far sooner than it did last time and if the economy turns around the predicted high interest rates will also slow the economy which may put a cap on increasing oil prices to around $3/gal at your local gas station or I believe that'd be right around $100bb if 2008 comparison numbers held. Thats my guess. There will be a lower ceiling this time around, the economy is more elastic than before. If that happened, these DAL hedges still look good don't they?
...
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Crude oil futures continued higher for a fifth straight day early Friday, trading above $66 a barrel after a fresh six-month high.
Traders said activity was likely to be dominated by movements in June gasoline and heating oil futures, which expire at the settlement. Prices across the board have been getting a boost from signs of tightening inventories in the U.S., the world's largest oil consumer, and hopes of a bottoming out of the recession which will spark a turnaround in weak oil demand.
Saudi Arabian Oil Minister Ali Naimi threw fuel on the fire, expressing hope this week that crude oil prices could rise above $75 a barrel by the end of the year. He also repeated warnings that prices could rise sharply in coming years to top last summer's peak of $147 a barrel, if oil prices stay below $75, choking off needed investments by producers.
Front-month July crude oil futures jumped 6.6%, or more than $4.03 a barrel heading into Friday's trading as Naimi's remarks played into a continuing speculative rally in oil and other commodities based on hopes of a coming economic turnaround.
At 9:24 AM EDT, July crude was up $1.22 at $66.30 a barrel, after hitting a high of $66.43 a barrel earlier, the highest level since Nov. 5.
OPEC on Thursday kept its oil output ceiling in place and said it aims to shrink the ballooning global oil inventory overhang that threatens to undermine its price target.
Latest U.S. weekly oil inventory data, released Thursday, showed an unexpected large drop of 5.4 million barrels in crude oil inventories, but stocks still remain near their highest levels since September 1990.
Implied gasoline demand jumped 3.3% to its highest level since Aug. 31, 2007 in the week ended May 22, the Energy Information Administration said. But the figure likely reflects movements through the supply chain to the retail level ahead of the Memorial Day holiday, which was celebrated May 25. Analysts said they will be watching for further signs of gasoline demand. EIA data shows gasoline deliveries typically drop week-to-week by 1% or more in the week of the Memorial Day holiday, which kicks off the summer driving season.
June RBOB gasoline futures were up 2.68 cents at $1.9373 a gallon, while June heating oil was up 3.76c at $1.6390.
Last edited by forgot to bid; 05-29-2009 at 12:00 PM.
05-29-2009, 12:26 PM
#7684
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
No kidding. He ought to write for Aviation Week, I think there you have to be able to put say more with less words and be as accurate as humanly possible. He could do it.
I'd love to have seen you guys in the crewroom yesterday. Or I could've worn a wire and asked your questions... maybe... maybe not such a bright idea. I think the only thing at DAL I want to know that I even exist is icrew.
I'd love to have seen you guys in the crewroom yesterday. Or I could've worn a wire and asked your questions... maybe... maybe not such a bright idea. I think the only thing at DAL I want to know that I even exist is icrew.
Why, E-mail Steve, he will generally respond to sincere questions. It may take him some time but he will tell you what he can.
He is thus far a very straight shooter.
And guess what, even if they know you they do not care. We are big boys here, this is not the regional mentality.
05-29-2009, 01:00 PM
#7685
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
You mean an FO can ask a question?!? I'm a newhire and always will be until I'm either a Captain or senior to the most junior Captain.
I didn't have any. But if I had a wire I could've asked any question anyone on this forum could think of, but Steve would've probably answered it. He answered even the questions that were really for an Assistant CP.
But if I wore a wire and talked to LM, I fear the questions that some from this forum would want asked.
I didn't have any. But if I had a wire I could've asked any question anyone on this forum could think of, but Steve would've probably answered it. He answered even the questions that were really for an Assistant CP.
But if I wore a wire and talked to LM, I fear the questions that some from this forum would want asked.
05-29-2009, 01:02 PM
#7686
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
I have never been able to ask Lee a question......
05-29-2009, 02:06 PM
#7687
Gets Weekends Off
Joined APC: Feb 2009
Posts: 798
How about DALPA goes to ALPA National and says if you don't stop representing DCI carriers, you can stop representing us. I would rather us stay with ALPA and the pilot groups that are creating the conflict of interest here be represented by someone else. DCI carriers should NOT be represnted by OUR union.
ALPA (A - association) National is not a union. It's a service center for aviation safety, legal help, insurance sales, ...etc.
A union would unite its membership to achieve a common goal.
05-29-2009, 02:19 PM
#7689
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
I have asked my elected Reps questions, a lot of them.
As for asking Lee. The only times I have been around him, he has been talking and the opportunity to ask a question was not there.
As for asking Lee. The only times I have been around him, he has been talking and the opportunity to ask a question was not there.
05-29-2009, 02:31 PM
#7690
Line Holder
Joined APC: Feb 2006
Posts: 86
No input, only output.
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