Delta Air Lines now expects overall capacity to fall 1.5% year-over-year for the quarter, after in January projecting a 0.5% to 1% rise. Analysts expect Delta to lose $3.04 per share this quarter, and $6.36 per share this year.
As a result of this news, Delta Air Lines stock, as of 10:41 this morning Eastern Standard Time, was down $1.81 at
$6.85 per share, losing greater than
20% of its value this morning alone.
Delta cites war fears are convincing some travelers not to fly. Yeah, right.
As a businessman, I would do whatever I can to keep my current customers, and keep them happy. Treat your customers right through the lean period, and they will reward you during the more lucrative times.
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by obscure2k:
Canarsie conducted a poll on the DL Board re: the financial impact.</font>
Thank you for the reference,
obscure2k, but I am not sure that
this thread helped all that much, as the final total tallied for lost revenue for 2004 was
$2,729,474.66 minimum - hardly enough of an impact to even force Delta to give their policy changes a second thought.
[This message has been edited by Canarsie (edited 03-11-2003).]