With a loss of over $1 billion, upset pilots, and low revenue winter coming, which routes do you think United will try to take if/when they liquidate?
Articles like the one below only add to the speculation.
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A few points from Holly Hegeman's Planebusiness Banter
Delta finally announced earnings last week, not sure the adage "better late than never applies here. It probably would have been better if the airline had simply skipped this quarter, all things considered. For the quarter, the airline posted a net loss of $1.13 billion.
Big red flag ... The airline ended the quarter with only $1.4 billion in unrestricted cash. Going into the bleak winter months, this is not a lot of money. For the first nine months of the year, Delta has now lost $2.6 billion.
The situation at Delta is much worse than the situation we have at Northwest or at United Airlines. The situation at Delta runs deep and it runs throughout the airline's management ranks. And it certainly runs through the airline's revenue management group.
This airline, as it has proven over the last year, does not know how to make money.
The airline finds itself with aging airplanes with aging interiors, a fractured brand, thanks to Song, huge regional jet exposure, and no clue as to how to make money. Oh, and let's not forget that because management waited so long to file for Chapter 11, there are no more assets to collateralize.
This airline could collapse. And it could collapse pretty quickly. Bottomline, this airline is in deep trouble. On many fronts.
Not much to like in Delta's third quarter numbers. Worse yet, don't see indications anywhere that management knows how to improve the situation.
Articles like the one below only add to the speculation.
___________________________________________
A few points from Holly Hegeman's Planebusiness Banter
Delta finally announced earnings last week, not sure the adage "better late than never applies here. It probably would have been better if the airline had simply skipped this quarter, all things considered. For the quarter, the airline posted a net loss of $1.13 billion.
Big red flag ... The airline ended the quarter with only $1.4 billion in unrestricted cash. Going into the bleak winter months, this is not a lot of money. For the first nine months of the year, Delta has now lost $2.6 billion.
The situation at Delta is much worse than the situation we have at Northwest or at United Airlines. The situation at Delta runs deep and it runs throughout the airline's management ranks. And it certainly runs through the airline's revenue management group.
This airline, as it has proven over the last year, does not know how to make money.
The airline finds itself with aging airplanes with aging interiors, a fractured brand, thanks to Song, huge regional jet exposure, and no clue as to how to make money. Oh, and let's not forget that because management waited so long to file for Chapter 11, there are no more assets to collateralize.
This airline could collapse. And it could collapse pretty quickly. Bottomline, this airline is in deep trouble. On many fronts.
Not much to like in Delta's third quarter numbers. Worse yet, don't see indications anywhere that management knows how to improve the situation.
