Any "Latest & Greatest" about Delta?
01-25-2012, 03:42 AM
Gets Weekends Off
Joined APC: Apr 2005
Position: 767ER capt
Posts: 1,190
DAL beats the street concensus Q4
RELATED QUOTES
Symbol Price Change
DAL 9.38 0.00
ATLANTA, Jan. 25, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL - News) today reported financial results for the December 2011 quarter. Key points include:
* Delta's net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items(1). This is a $221 million improvement year over year.
* Delta's net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program.
* Delta's GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011.
* 2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognizing Delta employees' contributions toward meeting the company's operating and financial goals.
* Delta's adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009.
"Delta people pulled together in 2011 to produce a solid profit, strong cash generation, and the best operational performance in the industry for our customers. I want to thank them for their hard work through a challenging year and congratulate them on earning $264 million in profit sharing and $60 million in Shared Rewards for their exceptional performance," said Richard Anderson, Delta's chief executive officer. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending."
Revenue Environment
Delta's operating revenue grew $610 million, or 8%, in the December 2011 quarter compared to the December 2010 quarter. Load factor increased to 81.7%, with traffic down 3% on a 3.5% decrease in capacity.
* Passenger revenue increased 8%, or $555 million, compared to the prior year period. Passenger unit revenue (PRASM) increased 12%, driven by an 11% improvement in yield.
* Cargo revenue increased 8%, or $20 million, on higher cargo yields.
* Other revenue increased 4%, or $35 million, from higher third-party maintenance revenue.
Symbol Price Change
DAL 9.38 0.00
ATLANTA, Jan. 25, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL - News) today reported financial results for the December 2011 quarter. Key points include:
* Delta's net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items(1). This is a $221 million improvement year over year.
* Delta's net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program.
* Delta's GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011.
* 2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognizing Delta employees' contributions toward meeting the company's operating and financial goals.
* Delta's adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009.
"Delta people pulled together in 2011 to produce a solid profit, strong cash generation, and the best operational performance in the industry for our customers. I want to thank them for their hard work through a challenging year and congratulate them on earning $264 million in profit sharing and $60 million in Shared Rewards for their exceptional performance," said Richard Anderson, Delta's chief executive officer. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending."
Revenue Environment
Delta's operating revenue grew $610 million, or 8%, in the December 2011 quarter compared to the December 2010 quarter. Load factor increased to 81.7%, with traffic down 3% on a 3.5% decrease in capacity.
* Passenger revenue increased 8%, or $555 million, compared to the prior year period. Passenger unit revenue (PRASM) increased 12%, driven by an 11% improvement in yield.
* Cargo revenue increased 8%, or $20 million, on higher cargo yields.
* Other revenue increased 4%, or $35 million, from higher third-party maintenance revenue.
01-25-2012, 04:07 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,738
Pat yourselves on the back boys, that $1.2 Billion is just about what we gave up in our pay cuts to "...keep Delta (and NW) out of bankruptcy'...
Almost.
But not quite enough to cover all we gave up.
Good news, after your 42% pay contribution, every year, for the past 8 years...you'll get a whopping 4.5% back in Profit Sharing, so you got that going for you.
Almost.
But not quite enough to cover all we gave up.
Good news, after your 42% pay contribution, every year, for the past 8 years...you'll get a whopping 4.5% back in Profit Sharing, so you got that going for you.
01-25-2012, 04:19 AM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
DAL beats estimates by 10 cents per share
I'll bet the stock will shoot up this morning due to exceed estimates.
-------------------------------
7:41AM Delta Air Lines beats by $0.10, reports revs in-line (DAL) 9.38 : Reports Q4 (Dec) earnings of $0.45 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.35; revenues rose 7.8% year/year to $8.4 bln vs the $8.32 bln consensus. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending....Delta's solid cost performance, in an environment of 25% higher market fuel prices, came as a result of our cost reduction initiatives and benefits from our fuel hedging program..We are focused on total cost productivity, including fuel, and implementing the structural initiatives needed to return our non-fuel costs to our targeted level."
-------------------------------
7:41AM Delta Air Lines beats by $0.10, reports revs in-line (DAL) 9.38 : Reports Q4 (Dec) earnings of $0.45 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.35; revenues rose 7.8% year/year to $8.4 bln vs the $8.32 bln consensus. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending....Delta's solid cost performance, in an environment of 25% higher market fuel prices, came as a result of our cost reduction initiatives and benefits from our fuel hedging program..We are focused on total cost productivity, including fuel, and implementing the structural initiatives needed to return our non-fuel costs to our targeted level."
01-25-2012, 04:39 AM
Gets Weekends Off
Joined APC: Jul 2008
Posts: 5,030
You do get paid the same for doing the same work. The difference is that your schedule is adjusted after the month end to make sure you get the average daily credit as a line holder would. This allows the company to utilize reserves more, but in the end, you get the same pay for the same work.
01-25-2012, 04:41 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Now imagine the profit if we were in a boom cycle?
And owned the refinery because with a boom cycle we'll surely have higher energy demand and prices.
And owned the refinery because with a boom cycle we'll surely have higher energy demand and prices.
01-25-2012, 04:43 AM
Gets Weekends Off
Joined APC: Apr 2009
Posts: 187
01-25-2012, 04:45 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Okay it's $9.38, where is it at noon, where is it at the end of the day? 
I think peak at $13 and settles at $11. But I'm pulling that out of thin air but that's how NCAA brackets are won so I'm fine with that.
I think peak at $13 and settles at $11. But I'm pulling that out of thin air but that's how NCAA brackets are won so I'm fine with that.
01-25-2012, 04:46 AM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,038
Good news on the profit. Wall Street has been buying on anticipation and selling on news, so who knows what the market will do with our stock. The news will contrast with American's story, so it will be interesting and broadcast as such.
Going forwards we (as investors) should consider that the increases in revenue came on the backs of our customers and in many cases they are not happy about it. One of my three jobs requires last minute travel, which of course is expensive. We have to go when the client calls and mostly we use our own small fleet of aircraft. When we use Delta it is rarely less than $1,100 to travel, even on < 400 mile trips. Unfortunately Delta's myriad fees make it difficult to complete an expense report without a revision, which in our case drives a revision of the bill to a client. Often the fees are billed separately and about half the time I was either told no fee would be charged, or was told nothing and the charge was a surprise that came with the credit card statement.
Point being, an airline that does not charge these fees is coming to town. Delta's treatment of my business partners drove them to Air Tran for what they perceived to be better service. They are excited about Southwest coming to town.
My point only being that Southwest will show the love at Delta's largest hub. Yes, we have a better product. But, often we offend those who coughed up the extra 4.2 Billion. Delta needs to work on being more "honest" and less "offensive" to our customers.
Going forwards we (as investors) should consider that the increases in revenue came on the backs of our customers and in many cases they are not happy about it. One of my three jobs requires last minute travel, which of course is expensive. We have to go when the client calls and mostly we use our own small fleet of aircraft. When we use Delta it is rarely less than $1,100 to travel, even on < 400 mile trips. Unfortunately Delta's myriad fees make it difficult to complete an expense report without a revision, which in our case drives a revision of the bill to a client. Often the fees are billed separately and about half the time I was either told no fee would be charged, or was told nothing and the charge was a surprise that came with the credit card statement.
Point being, an airline that does not charge these fees is coming to town. Delta's treatment of my business partners drove them to Air Tran for what they perceived to be better service. They are excited about Southwest coming to town.
My point only being that Southwest will show the love at Delta's largest hub. Yes, we have a better product. But, often we offend those who coughed up the extra 4.2 Billion. Delta needs to work on being more "honest" and less "offensive" to our customers.
01-25-2012, 04:53 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Bloomberg: Delta Profit Tops Estimates as Fares Outpace Rising Fuel Costs
By Mary Jane Credeur
January 25, 2012 7:39 AM EST
Delta Air Lines Inc. (DAL)’s fourth- quarter profit topped analysts’ estimates as higher fares outpaced rising jet-fuel costs.
Earnings excluding some items more than doubled to $379 million, or 45 a share, the Atlanta-based carrier said today in a statement. That exceeded the 38-cent average of 15 analysts’ estimates compiled by Bloomberg. Profit on that basis a year earlier was $158 million.
Delta, the world’s second-largest carrier, benefited from planes that were more than 80 percent full, which gave it more pricing power to raise fares and helped overcome increased jet- fuel expenses. Delta also reduced flying on trans-Atlantic routes in response to plummeting demand for travel to Europe, which lowered costs.
In the coming year, Delta will focus on “sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending,” Chief Executive Officer Richard Anderson said in the statement.
Net income surged to $425 million, or 50 cents a share, from 19 million, or 2 cents, a year earlier. Fuel costs rose about 5 percent to $2 billion.
Delta and US Airways Group Inc. (LCC) release results today, becoming the second and third major U.S. carriers to give fourth-quarter figures. Southwest Airlines Co. (LUV) posted a profit last week.
Southwest’s earnings excluding benefits on fuel-purchase contracts fell 43 percent to $66 million, or 9 cents a share, which beat the 8-cent average of 14 analysts’ estimates. The Dallas-based carrier also said it may delay any expansion to as late as 2014 because $100-a-barrel oil is eroding profit growth.
By Mary Jane Credeur
January 25, 2012 7:39 AM EST
Delta Air Lines Inc. (DAL)’s fourth- quarter profit topped analysts’ estimates as higher fares outpaced rising jet-fuel costs.
Earnings excluding some items more than doubled to $379 million, or 45 a share, the Atlanta-based carrier said today in a statement. That exceeded the 38-cent average of 15 analysts’ estimates compiled by Bloomberg. Profit on that basis a year earlier was $158 million.
Delta, the world’s second-largest carrier, benefited from planes that were more than 80 percent full, which gave it more pricing power to raise fares and helped overcome increased jet- fuel expenses. Delta also reduced flying on trans-Atlantic routes in response to plummeting demand for travel to Europe, which lowered costs.
In the coming year, Delta will focus on “sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending,” Chief Executive Officer Richard Anderson said in the statement.
Net income surged to $425 million, or 50 cents a share, from 19 million, or 2 cents, a year earlier. Fuel costs rose about 5 percent to $2 billion.
Delta and US Airways Group Inc. (LCC) release results today, becoming the second and third major U.S. carriers to give fourth-quarter figures. Southwest Airlines Co. (LUV) posted a profit last week.
Southwest’s earnings excluding benefits on fuel-purchase contracts fell 43 percent to $66 million, or 9 cents a share, which beat the 8-cent average of 14 analysts’ estimates. The Dallas-based carrier also said it may delay any expansion to as late as 2014 because $100-a-barrel oil is eroding profit growth.
01-25-2012, 05:04 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Good news on the profit. Wall Street has been buying on anticipation and selling on news, so who knows what the market will do with our stock. The news will contrast with American's story, so it will be interesting and broadcast as such.
Going forwards we (as investors) should consider that the increases in revenue came on the backs of our customers and in many cases they are not happy about it. One of my three jobs requires last minute travel, which of course is expensive. We have to go when the client calls and mostly we use our own small fleet of aircraft. When we use Delta it is rarely less than $1,100 to travel, even on < 400 mile trips. Unfortunately Delta's myriad fees make it difficult to complete an expense report without a revision, which in our case drives a revision of the bill to a client. Often the fees are billed separately and about half the time I was either told no fee would be charged, or was told nothing and the charge was a surprise that came with the credit card statement.
Point being, an airline that does not charge these fees is coming to town. Delta's treatment of my business partners drove them to Air Tran for what they perceived to be better service. They are excited about Southwest coming to town.
My point only being that Southwest will show the love at Delta's largest hub. Yes, we have a better product. But, often we offend those who coughed up the extra 4.2 Billion. Delta needs to work on being more "honest" and less "offensive" to our customers.
Going forwards we (as investors) should consider that the increases in revenue came on the backs of our customers and in many cases they are not happy about it. One of my three jobs requires last minute travel, which of course is expensive. We have to go when the client calls and mostly we use our own small fleet of aircraft. When we use Delta it is rarely less than $1,100 to travel, even on < 400 mile trips. Unfortunately Delta's myriad fees make it difficult to complete an expense report without a revision, which in our case drives a revision of the bill to a client. Often the fees are billed separately and about half the time I was either told no fee would be charged, or was told nothing and the charge was a surprise that came with the credit card statement.
Point being, an airline that does not charge these fees is coming to town. Delta's treatment of my business partners drove them to Air Tran for what they perceived to be better service. They are excited about Southwest coming to town.
My point only being that Southwest will show the love at Delta's largest hub. Yes, we have a better product. But, often we offend those who coughed up the extra 4.2 Billion. Delta needs to work on being more "honest" and less "offensive" to our customers.
AirTran has offered a lot of things that SWA is ending in exchange supposedly for lower prices. I have a feeling, may turn out to be wrong, SWA and DAL are going to find a happy place on ticket prices together and the battle will be over amenities.
Btw, my brother in VA and uncle in BNA are million miler types, guess who is winning their business? UsAir. In fact my uncle says SWA is too expensive out of BNA. Sadly for some reason DAL has never won his business. Don't know why.
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