Delta Lost $12 billion in 2020

creepycoug

That's Billion with a "B" as they say. The others will see similar, or likely worse, results. The airlines have laid off or furloughed 10s of thousands of employees.

I'll ask again: who is thinking about cashing out of their equities in their retirement or non-retirement accounts in anticipation of a market correction? For clarification, I'm not asking if anybody is taking money out of their 401-k or IRA. Just whether you're selling positions within the account)

Or do we? think these troubles are isolated to travel and hospitality?

https://www.cbsnews.com/news/delta-earnings-report-losses-2020/

PurpleThrobber

B as in bankrupcty.

Wipe the balance sheet clean and start over. Fuck the shareholders.

Slow roll the great reset.

BTW, if I have to watch that goddamned Alaska safety dance bullshit commercial 14,000 more times before the lockdown is lifted, there's gonna be something happen. I'm not sure what but something. AAAARRGHH

doogie

Fuck yes cash in your 401-k have you been reading the headlines???

whlinder

I think a few airlines may outperform Delta, but it is going to be massive carnage. American is the biggest risk for bankruptcy.

In terms of travel and hospitality, I think leisure and vacation travel comes back pretty swiftly. Mexico, due to being open to Americans, actually is seeing more flights year over year.

It's the market segment on conferences and meetings that is going to take a bit longer.

creepycoug

PurpleThrobber said:

B as in bankrupcty.

Wipe the balance sheet clean and start over. Fuck the shareholders.

Slow roll the great reset.

BTW, if I have to watch that goddamned Alaska safety dance bullshit commercial 14,000 more times before the lockdown is lifted, there's gonna be something happen. I'm not sure what but something. AAAARRGHH

Totally agreed on the commercial. It's so B level and stupid. Do better Alaska Airlines. Embarrasssing.

creepycoug

doogie said:

Fuck yes cash in your 401-k have you been reading the headlines???

Watch the mess around here young fella. I've got my eye on you wanderers from the Tug. You'll not be doing that in the middle of the store here for Christ's sake.

This is a place of serious men talking about serious things. Keep your dick in your pants or you're gone. No warning. Just gone.

TommySQC

PurpleThrobber said:

B as in bankrupcty.

Wipe the balance sheet clean and start over. Fuck the shareholders.

Slow roll the great reset.

BTW, if I have to watch that goddamned Alaska safety dance bullshit commercial 14,000 more times before the lockdown is lifted, there's gonna be something happen. I'm not sure what but something. AAAARRGHH

You should see the Virgin Atlantic one. Cringeworthy.

FireCohen

Dementia joe will come in save the day. Airlines are like the fucking banks are too big to fail. Tax payers will pick up the tab. Take all the screen shoots you need

YellowSnow

whlinder said:

I think a few airlines may outperform Delta, but it is going to be massive carnage. American is the biggest risk for bankruptcy.

In terms of travel and hospitality, I think leisure and vacation travel comes back pretty swiftly. Mexico, due to being open to Americans, actually is seeing more flights year over year.

It's the market segment on conferences and meetings that is going to take a bit longer.

The advantage that a lot of the major hotel brands had through this crisis is that they don’t the real estate.

Once the vaccines do their jerbs there’s gonna be a fuck ton of pent up leisure travel demand. Corporate travel will take longer to rebound.

Mad_Son

I think the market will correct but don't know when. I pulled out previously but have gotten back in since I'd rather ride up now than miss out on gains waiting for a drop that I can't predict the date or magnitude of.

creepycoug

Mad_Son said:

I think the market will correct but don't know when. I pulled out previously but have gotten back in since I'd rather ride up now than miss out on gains waiting for a drop that I can't predict the date or magnitude of.

Yep. That is the entire game in a nutshell now isn't it?

dflea

This shit will snap back by 4th of July. Maybe sooner.

Book that shit.

Like Yella said, the pent up need to travel and vacation is palpable. I didn't normally give a fuck about taking a vacation, but you can bet your ass I'm doing it this year and it's going to involve air travel, hotel, and gigantic quantities of food and liquor. And fishing - oh, yes, there will be fishing.

Call me an optimist.

creepycoug

dflea said:

This shit will snap back by 4th of July. Maybe sooner.

Book that shit.

Like Yella said, the pent up need to travel and vacation is palpable. I didn't normally give a fuck about taking a vacation, but you can bet your ass I'm doing it this year and it's going to involve air travel, hotel, and gigantic quantities of food and liquor. And fishing - oh, yes, there will be fishing.

Call me an optimist.

But aren't you concerned that people will see you fishing and assume it means you can't afford to buy food?

Lulz.

oregonblitzkrieg

Pathetic airline with poor food and service. Is complete shit compared to most Asian and European Airliners.

Forces customers to wear face diapers.

Is plotting to force customers to provide proof of having taken the Convid 1984 Vaccine.

Forces customers off airliners for not toeing the correct political line.

Cannot go extinct soon enough.

Doog_de_Jour

I like Delta and Alaska. Other US airlines can fuck off.

Yeah, I think there is a huge pent up demand for travel, so the airlines and hospitality industries will bounce back.

I’m not as convinced that business travel will ever return to pre-COVID levels though, but I’m by no means an expert.

FireCohen

Doog_de_Jour said:

I like Delta and Alaska. Other US airlines can fuck off.

Yeah, I think there is a huge pent up demand for travel, so the airlines and hospitality industries will bounce back.

I’m not as convinced that business travel will ever return to pre-COVID levels though, but I’m by no means an expert.

JetBlue = Alaska IMO

Doog_de_Jour

FireCohen said:

Doog_de_Jour said:

I like Delta and Alaska. Other US airlines can fuck off.

Yeah, I think there is a huge pent up demand for travel, so the airlines and hospitality industries will bounce back.

I’m not as convinced that business travel will ever return to pre-COVID levels though, but I’m by no means an expert.

JetBlue = Alaska IMO

I’ve actually never flown JetBlue. Guess they just made some deal with American Airlines, but it’s going through the paces with regulators.

oregonblitzkrieg

https://twitter.com/allenliu/status/834289608?s=20

https://twitter.com/Tom_Strodtbeck/status/561693449481912322?s=20

https://twitter.com/vashtalk/status/825563516887146496?s=20

creepycoug

A lot of anti-American sentiment in this thread.

Go fight it out in the Tug commies.

oregonblitzkrieg

https://twitter.com/I_will_be_RB/status/114312694319939584?s=20

https://twitter.com/ShawnFr55356454/status/1258146495271821313?s=20

Swaye

Doog_de_Jour said:

I like Delta and Alaska. Other US airlines can fuck off.

Yeah, I think there is a huge pent up demand for travel, so the airlines and hospitality industries will bounce back.

I’m not as convinced that business travel will ever return to pre-COVID levels though, but I’m by no means an expert.

Agree. Here at Orkin we are exploring greatly reduced air travel even in a post Covid world. For North American clients we have T&E built on top, but for the rest of the globe that came right out of hide in the contract. Someone in finance realized what our new margins are without travel, and the fact that new clients still pay the same whether we are going anywhere or not. Yeah, business travel will NEVER return to pre-Covid levels. Ever.