WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #1
Here is a good summary of DL's financial strength, why it is so much stronger than its US peers, and shows that DL has a fuel cost advantage (30% of revenues compared to 32% for AA and UA) despite not ordering as many latest generation aircraft.
It also demonstrates how DL has the strength to engage in the strategic advances that it is doing and why rumors of further aircraft orders could well happen without DL taking on more debt or harming its greatly strengthened finances.
http://www.fool.com/investing/general/2014/02/19/delta-air-lines-cash-flow-machine-despite-headwind.aspx
"For 2013, Delta Air Lines generated so much cash flow that it contributed $250 million above required funding to its defined benefit pension plans. In addition, the company paid an incredible $506 million in profit-sharing expenses and returned $350 million to shareholders through dividends and stock buybacks.For the full year, the airline generated nearly $5 billion of operating cash flow and $2.1 billion of free cash flow."
It also demonstrates how DL has the strength to engage in the strategic advances that it is doing and why rumors of further aircraft orders could well happen without DL taking on more debt or harming its greatly strengthened finances.
http://www.fool.com/investing/general/2014/02/19/delta-air-lines-cash-flow-machine-despite-headwind.aspx
"For 2013, Delta Air Lines generated so much cash flow that it contributed $250 million above required funding to its defined benefit pension plans. In addition, the company paid an incredible $506 million in profit-sharing expenses and returned $350 million to shareholders through dividends and stock buybacks.For the full year, the airline generated nearly $5 billion of operating cash flow and $2.1 billion of free cash flow."