2009 March quarter results.

[Kev3188]

Full statement here.

High(or low)lights:

* $693M loss, excluding special items ($794 including them)

* All 747-200 freighters will be gone by the end of '09

* A new $50 charge will be levied for 2nd bag checked on Int'l flights

* SOC planned for end of '09

* Operation generated enough cash to "fully fund" $600M in debt and capital lease payments

 

[fudgerunyard]

Full statement here.

High(or low)lights:

* $693M loss, excluding special items ($794 including them)

* All 747-200 freighters will be gone by the end of '09

* A new $50 charge will be levied for 2nd bag checked on Int'l flights

* SOC planned for end of '09

* Operation generated enough cash to "fully fund" $600M in debt and capital lease payments

I see our liquidity remained at $5 billion, which would seem to be a good thing.

 

[groundcontrol]

Full statement here.

High(or low)lights:

* $693M loss, excluding special items ($794 including them)

* All 747-200 freighters will be gone by the end of '09

* A new $50 charge will be levied for 2nd bag checked on Int'l flights

* SOC planned for end of '09

* Operation generated enough cash to "fully fund" $600M in debt and capital lease payments

Hey Kev, do you know if they have been funding the pension plans?

It's been a while, haven't been keeping up, glad to see your still here.

 

[Kev3188]

Hey Kev, do you know if they have been funding the pension plans?

It's been a while, haven't been keeping up, glad to see your still here.

I'm sure they're funding them to some extent... As for being fully funded, no way.

Under the Pension reform act in 2006, the have until 2025(!) to do so. All companies got seven years from 2008, and airlines that had frozen their pensions (ie. NW & DL) got an extra ten...

It's good to see you back on here; you oughta come around more often!

 

[groundcontrol]

I'm sure they're funding them to some extent... As for being fully funded, no way.

Under the Pension reform act in 2006, the have until 2025(!) to do so. All companies got seven years from 2008, and airlines that had frozen their pensions (ie. NW & DL) got an extra ten...

It's good to see you back on here; you oughta come around more often!

Thanks Kev, don't know that anyone would care to hear what I have to say.

(see post on free airline tickets) ha,ha,ha,

 

[Delta Technician]

Thanks Kev, don't know that anyone would care to hear what I have to say.

(see post on free airline tickets) ha,ha,ha,

Most want to hear what you have to say, Kev wants to hear it as long as it's pro union.

 

[Don Smith]

Can't you give it a break for ONE THREAD???

Most want to hear what you have to say, Kev wants to hear it as long as it's pro union.

 

[Kev3188]

Most want to hear what you have to say, Kev wants to hear it as long as it's pro union.

You do not know me, nor do you have any way of knowing what I "want to hear."

Do not make that mistake again.

have you even read the earnings report? Maybe next time, you can add something of substance to a thread; it'd be a nice change from the personal attacks.

 

[groundcontrol]

Most want to hear what you have to say, Kev wants to hear it as long as it's pro union.

DT, me and Kev go way back. It's not him I was referring to, it was more the likes of you that wouldn't want to hear what I have to say.

nuff said....

 

[2BlacknBlue]

Delta chief's '08 compensation valued at $17.4M
Delta chief received total compensation valued at $17.4M in '08, up 54 pct year-over-year

ATLANTA (AP) -- The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press calculations of data filed with regulators Thursday.

According to the filing with the Securities and Exchange Commission, Anderson, 53, received a salary of $600,000, no bonus, no performance-based bonus, no above-market returns on deferred compensation and $127,485 in other compensation.

The bulk of his compensation was stock and option awards the company valued at $16,715,170 on the days they were granted. A sizable portion of those awards are underwater because Delta's current stock price is below the exercise price of the awards.

Anderson's total compensation came to $17,442,655, compared with the $11,296,759 he received for 2007. He replaced Gerald Grinstein as Delta's CEO on Sept. 1, 2007.


more here

 

[WoRkInG]

Most want to hear what you have to say, Kev wants to hear it as long as it's pro union.

Here we go again, let it go, if you want one get one, if you don't then don't get one. Anyways, I see where you going with your post 2blackandblue, just hope he keeps in mind that the people he will be laying off are the ones that kept Delta "One Airline" <_<

 

[groundcontrol]

Delta chief's '08 compensation valued at $17.4M
Delta chief received total compensation valued at $17.4M in '08, up 54 pct year-over-year

ATLANTA (AP) -- The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press calculations of data filed with regulators Thursday.

According to the filing with the Securities and Exchange Commission, Anderson, 53, received a salary of $600,000, no bonus, no performance-based bonus, no above-market returns on deferred compensation and $127,485 in other compensation.

The bulk of his compensation was stock and option awards the company valued at $16,715,170 on the days they were granted. A sizable portion of those awards are underwater because Delta's current stock price is below the exercise price of the awards.

Anderson's total compensation came to $17,442,655, compared with the $11,296,759 he received for 2007. He replaced Gerald Grinstein as Delta's CEO on Sept. 1, 2007.


more here

You must not have gotten the employee memo...it's lies all lies. Do not believe what you will be reading...

memo here>>>>>>> http://www.bizjournals.com/albany/stories/...ml?ana=from_rss

 

[WoRkInG]

Delta chief's '08 compensation valued at $17.4M
Delta chief received total compensation valued at $17.4M in '08, up 54 pct year-over-year

ATLANTA (AP) -- The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press calculations of data filed with regulators Thursday.

According to the filing with the Securities and Exchange Commission, Anderson, 53, received a salary of $600,000, no bonus, no performance-based bonus, no above-market returns on deferred compensation and $127,485 in other compensation.

The bulk of his compensation was stock and option awards the company valued at $16,715,170 on the days they were granted. A sizable portion of those awards are underwater because Delta's current stock price is below the exercise price of the awards.

Anderson's total compensation came to $17,442,655, compared with the $11,296,759 he received for 2007. He replaced Gerald Grinstein as Delta's CEO on Sept. 1, 2007.


more here

Whenever you have to explain something to someone, it's usually how it looks

 

[Kev3188]

The bulk of his compensation was stock and option awards the company valued at $16,715,170 on the days they were granted. A sizable portion of those awards are underwater because Delta's current stock price is below the exercise price of the awards.

more here

Boards have been known to replace far-underwater options with new ones with a lower strike price.

Just sayin'

 

[fudgerunyard]

Boards have been known to replace far-underwater options with new ones with a lower strike price.

Just sayin'

Unless you have proof the Delta BOD has done that in this specific case, then all your "sayin" amounts to nothing more than wasted keystrokes. Feel free to take that tinfoil hat off your head. Art Bell wants it back.