Looks like a "break-even" year for DAL....

[fudgerunyard]

It's nice to see the #'s improving ever so slightly...

http://www.atwonline.com/news/story.html?storyID=17864

 

[RobertD]

Yeah but their cash is dwindling.....

http://www.floridatoday.com/article/200909...+cash+dwindling

 

[HottootrotNyc]

BREAK EVEN? WHERE? They lost half a billion in the first quater! :huh:

 

[fudgerunyard]

BREAK EVEN? WHERE? They lost half a billion in the first quater! :huh:

Actually, the loss was $482 million for the first 2 quarters. That having been said, with a 3-4% profit-margin for the 3rd/4th quarter, that essentially makes up for the nearly $ 1/2 billion loss in the first 2 quarters.

 

[FWAAA]

Actually, the loss was $482 million for the first 2 quarters. That having been said, with a 3-4% profit-margin for the 3rd/4th quarter, that essentially makes up for the nearly $ 1/2 billion loss in the first 2 quarters.

No, not profit margin - the term used in the story is operating margin, and they are two completely different things.

Operating margin is a term of art in the accounting realm, and it excludes interest paid on debt. Add in the several hundred million that DL will pay this year in interest and there's your net loss. DL will not recoup the $482 million net loss from the first half of the year - the total year net loss will probably be about $1.0 billion.

Delta may very well break even before interest is paid, but the interest has to be paid.

 

[Delta Technician]

It's nice to see the #'s improving ever so slightly...

http://www.atwonline.com/news/story.html?storyID=17864

Cash is dwindling due to payments into the pension fund due to losses in 2008. However the pension fund has gained due to an increase in investments during this year. They are paying this year for losses in the past. What do you think will happen in the future due to gains happening now? Some are so quick to post doom and gloom.