Delta generates highest quarterly revenue evar!

H46Bubba

H46Bubba

Well-Known Member
Wow!

Delta Air Lines Reports $363 Million Pre-tax Income for September 2007 Quarter

Successful international expansion drives Delta’s highest quarterly operating revenue ever
ATLANTA, Oct. 16, 2007 – Delta Air Lines (NYSE:DAL) today reported results for the quarter ended Sept. 30, 2007. Key points include:
  • Delta generated third quarter pre-tax income of $363 million on operating revenue of $5.2 billion, the highest quarterly revenue in company history.
  • Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share.
  • During the quarter, Delta continued to strengthen its balance sheet, paying down more than $1.0 billion in debt obligations.
  • Delta has accrued almost $160 million in profit sharing through the September 2007 quarter, in recognition of the critical role of Delta employees in achieving the company’s financial targets.
Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share. Delta’s pre-tax income of $363 million reflects a more than $430 million improvement over the pre-tax loss of $69 million excluding reorganization items in the third quarter of 20061,2. Strong revenue improvements and continued cost benefits from restructuring produced the more than 5 point improvement in Delta’s operating margin to 8.7% in the September 2007 quarter compared to the September 2006 quarter.
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http://news.delta.com/article_display.cfm?article_id=10882
 
Oh, but they're still too broke to share the wealth....so close to bk again, gotta be prudent with the company coffers, right! And shouldn't the shareholders be the first in line? I mean, they're the ones putting their money where their mouth is, and all.

:sarcasm:
 
aloft said:
And shouldn't the shareholders be the first in line?
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When the execs are patting themselves on the back with huge bonuses and the shareholders aren't seeing that money put back into the business, they sure as hell ain't rewarding the shareholders.

So, not only are the execs going to be denying the wealth to the people who made it happen, they're going to be shafting the shareholders as well.

I want one of those jobs. Treat everyone you're supposed to take care of like crap, and then break your hand patting yourself on the back! And if you get canned, your options vest immediately and you get to cash them in!
 
man you guys are hard to please. let them stable, they just got out of being owned by another airline like a year ago.
 
taseal said:
man you guys are hard to please. let them stable, they just got out of being owned by another airline like a year ago.
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What was the other airline that owned them?

I don't think anyone's bitching about the fact that Delta's revenues are higher than they've ever been. What people are complaining about is the fact that the folks who generate those revenues will not be taken care of, nor will the shareholders.
 
If I had to do it all over again, I would have become management. It's amazing what you can get away with. Of course I would have to sell my soul but for millions, who wouldn't?
 
a friend of mine had an idea for a new kit bag sticker. " You better hope I fly better than my management manages"
 
One quarter of profit, and everyone is lining up with their hands extended. Meanwhile the CEO is talking about mergers after working hard to defeat the last one. This business is so much fun to watch.
 
skydog said:
One quarter of profit, and everyone is lining up with their hands extended. Meanwhile the CEO is talking about mergers after working hard to defeat the last one. This business is so much fun to watch.
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Anderson had jack to do with the hostile takeover. He had just been added to the BOD with Delta at the time. It was Grinstein who was the CEO. Anderson was brought in TO merge the company. As far as only one quarter, this is only the first one. If you believe the press, there will be many more.
 
Cptnchia said:
Anderson had jack to do with the hostile takeover. He had just been added to the BOD with Delta at the time. It was Grinstein who was the CEO. Anderson was brought in TO merge the company. As far as only one quarter, this is only the first one. If you believe the press, there will be many more.
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Yea! Winter ops are coming up!:sarcasm::banghead:
 
you know if delta makes money, everyone else makes money...new bull market is here, let's go for a ride. :D
 
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