dapoes said:No CBA in the world will protect anyone from dire times as we are facing.
Oh you mean like these...
Delta Air Lines (DAL: 7.97, +0.01, +0.1%) could see a $5 billion benefit in 2009 if oil remains at around $50 a barrel, said Ed Bastian...
...With oil prices most recently around $50 a barrel, passenger revenue would have to decline more than 20% to lose the cost benefit of cheaper fuel, and not even the terrorist attacks on Sept. 11, 2001, were able to do that... -Marketwatch.com
and...
Airline Industry: 2009 Recovery?
...Those same analysts who were predicting airline failures are now projecting billions of dollars in profits for 2009.
As they say- “things changeâ€!
-Seekingalpha.com
and...
...On Oct. 31, Bastian, who is also the new Northwest CEO, sold 100,000 shares for $1.04 million ($10.45 per share), according to a Nov. 4 SEC filing. New Delta Chief Financial Officer Hank Halter sold more than 64,000 shares worth about $694,000 ($10.75 per share)...
...Mike Campbell, executive vice president of human resources and labor relations, sold 65,719 shares for $736,000.
Glen Hauenstein, executive vice president for network planning and revenue management, sold 20,000 shares for $230,000.
...About 600 to 700 corporate officers stand to receive the remaining employee stock share (about 3.5 percent), according to the filings.
Delta reported in an Oct. 31 filing Anderson received common stock and options worth a combined $13.6 million, based on Nov. 2 closing price of Delta???s stock.
Anderson also gets options on 1.52 million shares that have an exercise price of $7.99
...On Oct. 31, Bastian received about 470,000 shares worth more than $5 million at closing Wednesday. He also was awarded options on 940,000 shares that if cashed out Wednesday would be worth about $3 million. Like Anderson, clauses prevent Bastian exercise the options immediately, but common stock can be disposed of at his pleasure.
Bastian also has about 179,000 shares he received from helping lead Delta out of bankruptcy two years ago that have now fully vested.
-Entrepreneur.com
and...
From Standard&Poor's Equity Research. We view Delta Air Lines (DAL: recent price, 9) as the best positioned U.S. airline to take advantage of the industry environment entering 2009. Overall, we think the industry as a whole is likely to benefit from a sharp pullback in the price of oil and the resulting decline in jet fuel costs since late July 2008. We also believe the industry has already moved to pull down domestic seat capacity, which should allow supply and demand to remain in balance despite the expected decline in air travel demand that we see resulting from the global economic recession.
On top of the positive trends, we anticipate affecting the overall industry in 2009, we think Delta should be able to leverage its recently closed merger with Northwest Airlines to achieve cost and revenue synergies, allowing it to outperform U.S. industry peers financially over the next few years. - The Outlook, Standard & Poors
This is what you are talking about, right?
From Standard&Poor's Equity Research. We view Delta Air Lines (DAL: recent price, 9) as the best positioned U.S. airline to take advantage of the industry environment entering 2009. Overall, we think the industry as a whole is likely to benefit from a sharp pullback in the price of oil and the resulting decline in jet fuel costs since late July 2008.