WorldTraveler
Corn Field
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- Dec 5, 2003
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http://finance.yahoo.com/news/delta-air-lines-announces-june-113000930.html
9% increase in revenue
14.9% operating margin including specials
$340 million in profit sharing - for just one quarter!
PROFIT SHARING for just the first two quarters is $439 Million compared to $506 M for all of last year. DL expects to record another $350M for the next quarter. DL's profit sharing for the year should easily top $750 million.
15-17% margin expected for the 3rd quarter
domestic RASM up over 10%, Atlantic up 7%, Pacific down 3%
DCI network continues to shrink in favor of growth at mainline.
Outstanding cost controls - CASM was flat
TRAINER WAS PROFITABLE; DL's fuel cost of $2.93/gal includes hedge charges and is down 3% YOY.
$1.5 BILLION In free cash flow; adjusted net debt below $8 BILLION; $900 million contributed to pension plans; $500M in stock repurchases and dividends
9% increase in revenue
14.9% operating margin including specials
$340 million in profit sharing - for just one quarter!
PROFIT SHARING for just the first two quarters is $439 Million compared to $506 M for all of last year. DL expects to record another $350M for the next quarter. DL's profit sharing for the year should easily top $750 million.
15-17% margin expected for the 3rd quarter
domestic RASM up over 10%, Atlantic up 7%, Pacific down 3%
DCI network continues to shrink in favor of growth at mainline.
Outstanding cost controls - CASM was flat
TRAINER WAS PROFITABLE; DL's fuel cost of $2.93/gal includes hedge charges and is down 3% YOY.
$1.5 BILLION In free cash flow; adjusted net debt below $8 BILLION; $900 million contributed to pension plans; $500M in stock repurchases and dividends