Delta Reports Big Loss in 1st Weeks of Case (Associated Press)

[DAL_Scope]

Delta Air Lines Inc., the nation's third-largest carrier, said it lost a whopping $1.14 billion in the first six weeks of its bankruptcy case.

http://us.rd.yahoo.com/finance/news/rss/st...uptcy.html?.v=6

 

[DAL_Scope]

Delta Air Lines reported a net loss of $1.14 billion between September 15 and October 31, the period since its bankruptcy filing, as it coped with high fuel and restructuring costs.

http://us.rd.yahoo.com/finance/news/rss/st...delta.html?.v=2

 

[WorldTraveler]

Perhaps adds a little urgency to the need for pilot pay cuts, eh?

 

[michael707767]

Perhaps adds a little urgency to the need for pilot pay cuts, eh?

The cuts the company is asking for would have only saved them about 37 million over the six weeks since they filed. Delta will sink or swim independent of what the pilots do.

 

[WorldTraveler]

see my post under the thread about courtroom discussions.

I haven't seen the breakout of costs but I'm sure the vast majority is fuel related. Yes, you are right that the pilots couldn't have moved the numbers much against such high fuel prices but the pilot costs are expected to be long-term while the fuel spike was pretty short term (the reporting period represented the time when fuel prices were at their highest). I believe airlines will continue to face price shocks like what we saw post-Katrina but the costs will have to compensate for them long-term. The $37M in pilot savings becomes much more meaningful when it becomes a year round savings; the 6 week price shock and the pilot concession request are of reasonably similar amounts.

 

[DAL_Scope]

Delta Air Lines Inc., the nation's third-largest carrier, said it lost a whopping $1.14 billion in the first six weeks of its bankruptcy case.

http://us.rd.yahoo.com/finance/news/rss/st...uptcy.html?.v=7

 

[NWAwatch]

Delta Air Lines said it lost $1.14 billion between Sept. 15 and Oct. 31, according to a bankruptcy court filing.

http://us.rd.yahoo.com/finance/external/cb...3AA50086DC03%7D