Not quite Twicebaked, once we exit from bankruptcy, we'll be a healthy and vibrant competitor. If i were Doogie, i'd be afraid, i'd be very afraid!!!
These are some of our many accomplishments while in bankruptcy, i'm sure you'll be impressed.
😀
Reduced costs and improved unit revenues, positioning the airline to emerge from Chapter 11 with the lowest unit costs of any network carrier. Delta has improved productivity and eliminated approximately $2 billion in annual costs.
A stronger, more balanced network as a result of rapid expansion of international routes with the highest profit potential. In the past year Delta has undertaken the largest international expansion in its history, and is a leader across the Atlantic with flights to 31 trans-Atlantic destinations.
Significantly reduced net debt from $17 billion to an anticipated $7.5 billion by the end of 2007.
Improved liquidity position, totaling $2.6 billion in unrestricted cash, cash equivalents and short-term investments as of December 31, 2006.
An expected consolidated equity value upon exiting Chapter 11 estimated by The Blackstone Group to be between $9.4 billion and $12 billion.
Hey Twicebaked, how do ya' like them apples?