L 3rd Qtr Rev DOWN

Discussion in 'Delta Air Lines' started by robbedagain, Oct 2, 2015.

  1. robbedagain

    robbedagain Veteran

    Joined:
    Oct 13, 2003
    Messages:
    10,763
    Likes Received:
    2,677
    according to an article on yahoo.com  DL  third quarter unit revenue is down  
     
    • Like Like x 1
  2. WorldTraveler

    WorldTraveler Corn Field

    Joined:
    Dec 5, 2003
    Messages:
    21,710
    Likes Received:
    10,721
    EVERY one of the big 3 carriers is expecting UNIT REVENUE (revenue per available seat mile to be down).

    here is what Delta said



    In an Investor Update issued this morning, Delta announced that it expects its operating margin to be 20% - 21% and its unit revenue to decline 4.5% - 5.5% for the September quarter. Both of these results are on the favorable end of initial guidance ranges provided by the company in July.

    http://finance.yahoo.com/news/delta-reports-financial-operating-performance-130000677.html

    Delta also posted a 100% completion factor.

    DL also expects to have FUEL HEDGE GAINS in the quarter worth about 15 cents/gallon.
     
    • Like Like x 2
  3. topDawg

    topDawg Veteran

    Joined:
    Nov 23, 2010
    Messages:
    2,914
    Likes Received:
    2,319
    I know its ex specials
     
    but gosh damn thats a huge number. (true margins are still going to be in the 12-14% range IIRC. still pretty damn good.)  
     
    • Like Like x 1
  4. WorldTraveler

    WorldTraveler Corn Field

    Joined:
    Dec 5, 2003
    Messages:
    21,710
    Likes Received:
    10,721
    and profit sharing is based on operational margins.

    Dl employees should easily be able to top 20% profit sharing for 2015.

    Even with the reduction in profit sharing for 2016, DL employees should still be in the healthy double digits.

    These other airline labor settlements are coming because they don't want it to be apparent that DL employees might still have 12-14% profit sharing in 2016 even after reducing profit sharing and getting a 14% pay raise.

    DL is hitting on all cylinder and its people are reaping the rewards for the company's success better than any other airline.

    Specific to the RASM issue, DL is the only big 3 airline and one of the few in the US that still provides monthly RASM guidance.


    The rest of the airlines will provide their RASM guidance in time and it is very likely that DL's performance is actually better than theirs. '

    and specific to operating margin, DL's projected operating margin is 4-5 points higher than what some of its peers are estimating.
     
  5. Lucky777

    Lucky777 Member

    Joined:
    May 14, 2014
    Messages:
    53
    Likes Received:
    36
    The number floating around for profit-sharing in February is 22%.....there's still a quarter left to get thru obviously but 22% is nothing short of incredible in this day and age. I mean seriously, how many companies do you know of, aviation-related or otherwise, that are rewarding fontline employees with nearly a quarter of their yearly salary in profit-sharing.....we're truly getting rewarded for the fruits of our labor are we not?
     
    • Like Like x 1
  6. WorldTraveler

    WorldTraveler Corn Field

    Joined:
    Dec 5, 2003
    Messages:
    21,710
    Likes Received:
    10,721
    This is DL's golden age and possibly the golden age of the US airline industry.

    the irony is that if DL pulls down 22% profit sharing this year and a 6% cut in profit sharing is put in place next year along with the pay raise, DL employees still will end up with an unprecedented 15% or so profit sharing - which is comparable to what they got last year.

    These unions that are crowing about matching DL pay rates or even exceeding by a couple or 3 percent will still be double digit behind DL employees.

    Who knows how long it will last but to argue that any other airline is anywhere close to increasing the wealth of its employees as much as DL is doing is just, well, silly.
     
  7. robbedagain

    robbedagain Veteran

    Joined:
    Oct 13, 2003
    Messages:
    10,763
    Likes Received:
    2,677
    Lucky  if that holds out  then that's terrific   Congrats to all the font line DL folks in advance and hope it holds out for you all active DL folks
     
  8. Kev3188

    Kev3188 Veteran

    Joined:
    Oct 5, 2003
    Messages:
    18,042
    Likes Received:
    9,375
    Yes we are- as we should be.

    22% would be fantastic. Is there an actual source for that target, or just shop talk so far?
     
  9. WorldTraveler

    WorldTraveler Corn Field

    Joined:
    Dec 5, 2003
    Messages:
    21,710
    Likes Received:
    10,721
    Whether there is any written source or not, 20-22% is very much possible given current trajectory of profits.

    and even taking 6% off in profit sharing and adding 8% more in pay raises and still ending up with 14% in profit sharing next year is off the scale of what any carrier is doing.

    and it is no wonder that many other airlines and their unions are being forced back into negotiations. Those that are quick to sign are those that will not realize how much behind their peers at DL.

    as for profit sharing.


    2015 Q1=$136 million, Q2=$411 million, Q3=$560 million, total YTD=$1.107 billion

    which exceeds all of 2014
     
  10. Lucky777

    Lucky777 Member

    Joined:
    May 14, 2014
    Messages:
    53
    Likes Received:
    36
    A PL made the comment about the 22% number in a briefing a week or so ago after they got back from ATL during some big shindig up there....take it for what it's worth but this guy has been pretty spot-on in the past when giving out specific numbers.
     
  11. Kev3188

    Kev3188 Veteran

    Joined:
    Oct 5, 2003
    Messages:
    18,042
    Likes Received:
    9,375
    Cool, thanks. Ours hasn't shared anything that was discussed at their summit...
     
  12. WorldTraveler

    WorldTraveler Corn Field

    Joined:
    Dec 5, 2003
    Messages:
    21,710
    Likes Received:
    10,721
    given that DL has accumulated as much profit sharing for its employees in just 3 quarters this year as it did last year in 4, it should be obvious that DL is going to blow past last year's numbers.

    and remember that DL paid elevated fuel prices for the first 6 months of this year.
     
  13. topDawg

    topDawg Veteran

    Joined:
    Nov 23, 2010
    Messages:
    2,914
    Likes Received:
    2,319
    Also what I heard. 
     
    Wall street going to be pisssssssed. 
     
    Damn Doug Parker and the AA unions. Once again f**king a good thing up. 
     
  14. 700UW

    700UW Corn Field

    Joined:
    Nov 11, 2003
    Messages:
    37,637
    Likes Received:
    19,488
    - 4th QTR adjusted pre-tax income(1) of $1.45 billion, a 42% increase year over year on a similar basis.
    - Adjusted
    earnings of $1.18 per diluted share.
    -
    Calendar year 2015 adjusted pre-tax income of $5.9 billion, a 29% increase over 2014 on a similar basis.
    -
    GAAP pre-tax income of $1.5 billion and EPS of $1.25 for Q4 and pre-tax income of $7.2 billion for calendar year 2015.
    - Total of $2.6 billion in
    dividends and share repurchases in 2015, including $530 million in 4th QTR.
    - Total $1.5 Billion USD in DL employee profit sharing.


    . Conference call later this morning.

    http://ir.delta.com/news-and-events/...Full-Year-2015-Profit/default.aspx

    http://news.delta.com/delta-closes-2015-historic-profit

    http://finance.yahoo.com/news/delta-...-announces-december-120000618.html

     
     

Share This Page