Delta Air Lines Reports MASSIVE Second Quarter Loss

Interesting you didn’t mention Ed saying no or very limited need for furloughs given take rate on retirement packages. What’s United saying? 35000 layoffs?

737-700 not 737-900 big difference!

Certainly not good, but Delta is managed smartly.

Management at delta takes targeted action to protect the company. The only other large airline that probably will do better than Delta is Southwest (fleet synchronization) and mostly domestic footprint.

I can only imagine how poorly United and American will perform. Oh boy it’s not going to be good

I consider Delta and Southwest to be the strongest, so this is very concerning for the future of airlines. Not great to see. 2 more quarters of this and we could be talking about a new airline landscape completely.

They just took delivery of their last 737-900s, and are retiring the 737-700s, which are a small subfleet.

Send the bill to Red China.

I mean, they're not selling the middle seats.

Brian - Exactly. Being "woke" has a cost.

Good management? They put all there eggs in one basket aka foreign airline invents. BuT DeLtA iS So AmAZiNg.

*their

Let’s keep things into perspective. The news is as bad as it gets and the stock only goes down 2-3 %? Is this the floor barring any further covid setbacks?

I think it’s astounding that Delta have been able to lower their cash burn down from 100 million to 27 million in a few months. They have 19 months of liquidity today and that’s assuming the status quo on lockdown remains and we don’t improve. They likely have an extra 4 billion in cheap loans from the cares act that will likely increase their liquidity position from 19 to 24 months if they choose to take it.

I could see the stock slowly rebounding by Q4. These stocks are poised to bounce up very sharply with any good covid vaccine news. Granted it won’t reach pre-pandemic levels for a long time because I question if corporate travel will ever return.

Post covid, delta and Southwest will be positioned well to take market share from AAL and UAL who don’t have strong balance sheets.

Foreign carrier investments and stock buy backs by US carriers...so short sighted

@etravelstheworld look at the stock price over the last few months. These kinds of losses were long priced into the share price which has overall dropped 60 odd percent.

Delta is retiring the 10 737-700's not the 130 737-900ers. They could get rid of all the a320's their very old and outdated. The 757's and a321's will still be the narrowbody workhorse for them. I can see about 20 of the 767-300's retiring but still the right size plane for the medium hauls. If this doesn't get any better look for some of the bigger a330-300's to be retired also. I have one question for anyone that can answer this when delta gets rid of all these planes and business magically picks back up can you bring planes out of retirement or just wait on the ones you have on order to be delivered?

No surprise

May be doing things such as blocking the middle seat or other non essential requirements which does not really control the spread of the virus is partly to blame.

@dave you should have taken the advice I gave you yesterday. Stock is up 10 percent today on positive covid news 🙂

“ These stocks are poised to bounce up very sharply with good vaccine news”

That’s not to say there won’t be bumps in the road. However this week we’ve likely seen the floor as the news on Q2 earning was as terrible as it gets yet the stock was only down 3%. This is often a sign a stock is oversold and any negative news is already priced in. The very next day it pops 10 percent on the smallest slim positive vaccine news.

Roberto, do you know what out your eggs in one basket means? Lol not divesting. Putting all your money in Delta is putting money in one basket. Korean air and china eastern will bounce back. Asia is pretty much open and domestic travel is pretty high. Think before you talk. Yes delta is a great airline and the mgmt are way better than AA or UAL.