DL announced another $1 billion plus NET profit


Corn Field
Dec 5, 2003
ATLANTA, Oct. 14, 2015 /PRNewswire/ -- Delta Air Lines (DAL) today reported financial results for the September 2015 quarter, including adjusted net income1 of $1.4 billion or $1.74 per diluted share, up 45% from the September quarter of 2014.


highlights =

21% operating margin

operating revenue was down less than 1% despite a 4.9% decrease in passenger RASM.

Half of DL's RASM pressure came from foreign currency devaluation.

DL's revenue premium to the industry is growing

2016 capacity will be flat to up 2%.

The Atlantic and Pacific were DL's most challenging regions for unit revenues.

Domestic revenue was up, int'l revenue was down.

The refinery's profits continue to grow.

Regional carrier capacity was down 4% while domestic mainline was up 6%. DL added 45 mainline aircraft to the fleet in the past year.

DL's consolidated CASM ex fuel and specials was up 1%, including fuel was down 17%, and
Profit sharing for the first 3 quarters has exceeded $1.1 billion.

Fuel price on a net/adjusted basis was $1.82 for mainline, $1.80 on a consolidated basis.
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"This morning we reported a pre-tax profit of $2.2 billion for the September quarter, a record not only for Delta but for the airline industry"

Says a lot wow
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based on the RASM and capacity guidance and statistics that have been published, it also says that DL might be the largest US airline at least for this quarter based on revenue.

Since there are a couple percent fudge factors in the guidance that each airline has released, it's hard to know for certain but if DL is the largest airline based on revenue, it helps explain why DL is also posting industry best profits.

DL, which is a team of 80K people, as usual, has set the bar high.

congrats to each of you and your teams.
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Richard Anderson just said on the conference call that DL intends to pursue joint ventures in both China and Brazil with China Eastern and Gol and also build a hub in Shanghai.

DL's domestic revenue premium to the industry is now 14%.

Bastian particularly noted positive RASM growth in JFK-LAX despite increased capacity and also against a 2% domestic RASM decrease.

He also said DL has obtained 6 additional LHR slot pairs.

Bastian added AM to DL's list of intended JVs.

NRT is profitable for DL now after restructuring the hub.

DL's system RASM goal is to return RASM to being positive on a year over year basis.

Richard Anderson says that DL's equity positions in foreign airlines will have an affect on the taxes DL has to pay in the US and should provide a competitive advantage to DL.
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The LHR slots that were purchased came from AF and KL that DL was already using since LHR opened to DL and AF/KL loaned or leased those slots to DL so there is no planned increase in service above what has been announced. DL will be able to more easily swap slots with VS because of the transaction.
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Kev3188 said:
It says we're good at what we do...
Come on Kev, cant we get one of your infamous responses (when theres negative press) for this? ie: "It doesn't surprise me"
Kev3188 said:
Nope, but if you are actually a DL employee, you should already be well aware of our metrics, and our performance as a whole...
Just curious why so glum when there's positive news and gleeful when there's negative news.
Just an obvious observation.....
Kev3188 said:
Your perception(s) are off.
Right, ok my mistake...