$1.77B in profit for Delta

[JohnR]

Maybe they can now afford to help pay for the FAA.

http://apnews.myway.com/article/20070718/D8QF0CCO0.html

 

[KennyFlys]

Yep, it's making news in Atlanta for some reason. I wonder how solvent some of the smaller vendors are?

 

[Pilawt]

Wow. Think how much they'd make if all them little airplanes didn't keep getting in their way.

 

[astanley]

Maybe they can now afford to help pay for the FAA.

http://apnews.myway.com/article/20070718/D8QF0CCO0.html

How much of that is due to one time special "charges" for bankrupcy? United had the same paper profit last year, when you took into account their reorg charges... actual OI was much, much less.

-Andrwe

 

[mikea]

Are they gonna give back some of the 9/11 grant money?

 

[wsuffa]

Are they gonna give back some of the 9/11 grant money?

I think DL was one of the ones that didn't take any money....

 

[astanley]

The No. 3 U.S. carrier by passenger traffic said second-quarter net profit jumped to $1.77 billion, or $4.49 per share, compared with a loss of $2.2 billion a year before.

Excluding a $1.5 billion gain related to settling claims and revaluing assets, the company posted earnings of 70 cents per share, beating Wall Street estimates of 57 cents per share, according to Reuters Estimates

See more at http://today.reuters.com/news/artic...0_US-DELTA-RESULTS.xml&src=nl_usbusinessclose

Cheers,

-Andrew

 

[mikea]

I think DL was one of the ones that didn't take any money....

Oh. They did file bankruptcy though, right? Do the creditors get anything?

 

[wsuffa]

Oh. They did file bankruptcy though, right? Do the creditors get anything?

Yes, and most of them did.

America West and USAir are the big one(s) that took Federal money.

 

[flyersfan31]

Look, that's grossly overstating the reality. In fact, after you deduct the 1.78b in bonuses and executive special payments, the airline lost $0.1b. It's very misleading to claim that the airline is making a profit when each of their big jets at Hartsfield has to wait for some hotshot in a Cherokee 140 (drinking a $4 latte) to depart. Contrary to what others might tell you, every delayed Delta flight is due to a general aviation hotshot using valuable controlled airspace.