Company Watch - Delta Air Lines.Apr 2, 2007 Delta Air Lines consolidated passenger unit revenue rose 1.4% year-over-year. The airline said its length-of-haul adjusted PRASM was 95.5% of the US industry's average and it met the average on its domestic network. It said this week that "closing the RASM RASM Revenue per Available Seat Mile RASM Reliability, Availability, Scalability and Manageability (Red Hat, Inc.) RASM Rear Admiral Submarines (UK) RASM Recorded Announcement Systems Manager gap" was a key component of its restructuring. February unit cost fell 4.5% as operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. dropped 1.8% and capacity rose 2.8%. Mainline nonfuel CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation of 7.61 cents was down 7.6% Mar 29, 2007 Unit revenue improvements driving DL's surge to emergence, profitability In touting its restructuring at yesterday's Investor Day in Atlanta, Delta Air Lines said it expects to be profitable in its first year following emergence from bankruptcy protection, that it has succeeded in delivering on the "three pillars" of its transformation plan and that it remains interested in selling certain assets, including regional subsidiary Comair. Mar 28, 2007 Delta Air Lines posted net earnings of $55 million in February compared to a loss of $209 million in the year-ago month, which Executive VP and CFO See Chief Financial Officer. Edward Bastian said "demonstrate[s] the significant momentum we have created with our restructuring." However, DL recorded a $43 million loss excluding reorganization items, narrowed from a $138 million deficit in February 2006, and reported a $5 million operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de a negative impact of fuel hedges. Mar 28, 2007 Delta expected to submit list of directors soon Delta Air Lines is expected to submit a proposed list of directors as soon as Friday. Naming the members of the board is a last step before Delta's reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. is approved. A new chairman for the board has been selected, and the board also includes several directors with chief executive experience, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. media reports. Mar 27, 2007 Delta aims to return to profitability after bankruptcy Delta Air Lines plans to improve customer service and sell assets to increase shareholder value once it emerges from bankruptcy on April 30, the company said at an investor conference today. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gerald Grinstein insisted now is not the time for major airline mergers, although that may come in several years. Mar 27, 2007 Delta expected to submit list of directors soon Delta Air Lines is expected to submit a proposed list of directors as soon as Friday. Naming the members of the board is a last step before Delta's reorganization plan is approved. A new chairman for the board has been selected, and the board also includes several directors with chief executive experience, according to media reports. Mar 27, 2007 Delta Air Lines, which plans to exit bankruptcy on April 30, said on Thursday it swung to a $55 million profit in February on reorganization-related gains but posted a loss on an operating basis. Delta expects $816M pretax income pretax income Reported income before the deduction of income taxes. Pretax income is sometimes considered a better measure of a firm's performance than aftertax income because taxes in one period may be influenced by activities in earlier periods. , exluding special, reorg items. Mar 27, 2007 Fare increase stays in place over the weekend A fare increase of $5 each way remained in place over the weekend in most markets. Delta Air Lines boosted fares last week on domestic flights, and other carriers matched the increase. Mar 27, 2007 Delta builds "insourcing (1) Doing work with inhouse employees. Contrast with outsourcing. (2) Creating jobs in your country by an organization that is foreign owned. Contrast with outsourcing. " maintenance business Delta Air Lines says revenue generated from maintaining jets owned by other airlines rose from $50 million in 2000 to $312 million in 2006. Delta says its maintenance operation is now the third-largest owned by an airline. Mar 26, 2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Mar 26, 2007 |
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