Delta reports record Q2 2014 Profit
#1
Original Poster
Join Date: Jul 2004
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Delta reports record Q2 2014 Profit
http://news.delta.com/2014-07-23-Del...Quarter-Profit
Another round of record profits:
Net Income excluding specials: $889m = +8.4% margin
Net Income (GAAP): $801m (up 17%) = +7.5% margin
Operating Income excluding specials = $1.61 billion (+15.1% margin)
Operating Income = $1.58 billion (+14.9% margin)
Total Revenues = $10.62 billion (up 9%)
Q2 PRASM up 5.7% (mostly driven by DOmestic up 10% and Atlantic up 7%, while Pacific was down 3%).
Expect to have an operating margin (excluding specials) of +15 to 17% for Q3 2014.
Another round of record profits:
Net Income excluding specials: $889m = +8.4% margin
Net Income (GAAP): $801m (up 17%) = +7.5% margin
Operating Income excluding specials = $1.61 billion (+15.1% margin)
Operating Income = $1.58 billion (+14.9% margin)
Total Revenues = $10.62 billion (up 9%)
Q2 PRASM up 5.7% (mostly driven by DOmestic up 10% and Atlantic up 7%, while Pacific was down 3%).
Expect to have an operating margin (excluding specials) of +15 to 17% for Q3 2014.
#5
Join Date: Jul 2005
Location: National Capitol Region
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#6
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The ability of the deregulated US airline industry to make huge profits over periods of time has been proven in the past and is currently being proven again. The ability of the deregulated US airline industry to remain profitable over an extended period of time has yet to be proven.
#7
Join Date: Jun 2013
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The ability of the deregulated US airline industry to make huge profits over periods of time has been proven in the past and is currently being proven again. The ability of the deregulated US airline industry to remain profitable over an extended period of time has yet to be proven.
#8
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IIRC, the Delta pilots' contract amendable date is 12/2015.
#9
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
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#12
Join Date: Dec 2008
Location: Mostly living in the basement
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#14
Join Date: Jun 2013
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And changing the FFP to reward current purchases rather than driving marginal purchases will surely have no downside if demand drops below capacity. No sir.
#15
Join Date: Sep 2003
Location: Long Beach, CA
Programs: DL DM
Posts: 5,292
Key word. Right now, the proposed changes (ESP with UA following) are in line to make things better into next year and beyond.