Delta Lost $12 billion in 2020
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/
Comments
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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
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Fuck yes cash in your 401-k have you been reading the headlines???
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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. -
Totally agreed on the commercial. It's so B level and stupid. Do better Alaska Airlines. Embarrasssing.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 -
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.doogie said:Fuck yes cash in your 401-k have you been reading the headlines???
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. -
You should see the Virgin Atlantic one. Cringeworthy.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 -
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
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The advantage that a lot of the major hotel brands had through this crisis is that they don’t the real estate.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.
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. -
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.
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Yep. That is the entire game in a nutshell now isn't it?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.
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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?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.
Lulz. -
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. -
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 IMODoog_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. -
I’ve actually never flown JetBlue. Guess they just made some deal with American Airlines, but it’s going through the paces with regulators.FireCohen said:
JetBlue = Alaska IMODoog_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. -
A lot of anti-American sentiment in this thread.
Go fight it out in the Tug commies. -
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.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. -
Funny - Saturday afternoon, Mrs. Throbber v2.0 and I were out for a drive and saw a billboard with the jackpot amount. "Hey, we should drop $10...we're gonna be rich!"doogie said:Fuck yes cash in your 401-k have you been reading the headlines???
Got to the store and the line was out the door.
"Fuck it - don't want to wait. Not worth it".
There's a strangely 21st century American ethos tale in there somewhere.....
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This is what all the corporate folks are saying. It will last until your competition meets customers face-to-face and steals them, and then everyone will be back in the air again.Swaye said:
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.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.
I'm not giving my business to someone who won't meet with me in person, and I think a lot of people are like that. Fuck Zoom meetings. Air travel isn't something a company wants to spend money on but they're going to find out you have to if you want to be a winner.
I went to Shelton High School and have a lowly bachelor's degree in Econ from lowly UW, though. so you may hear differently from the MBA holders about this. -
Flea is right
If you're not willing to risk death for my business you don't want it bad enough
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As the guy who actually writes the checks....disagree.dflea said:
This is what all the corporate folks are saying. It will last until your competition meets customers face-to-face and steals them, and then everyone will be back in the air again.Swaye said:
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.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.
I'm not giving my business to someone who won't meet with me in person, and I think a lot of people are like that. Fuck Zoom meetings. Air travel isn't something a company wants to spend money on but they're going to find out you have to if you want to be a winner.
I went to Shelton High School and have a lowly bachelor's degree in Econ from lowly UW, though. so you may hear differently from the MBA holders about this.
Don't waste my time with shit - tell me what your product does, how much it costs and how it can save/earn me money.
MS Team forever. Saves kicking lowlifes out of the office. Ooops...lost internet connection. Well, bye.
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And, on the other hand, I do think leisure travel is going to go through the roof. Pent up demand and all - but just as above, I can do bidness from wherever I want and just change my Teams background. So, yes, you think I'm in my office - I'm actually at beach resort getting ready to lose internet connection so I can go down to the pool and knock back fruity umbrella drinks and creep on scantily clad milfs.PurpleThrobber said:
As the guy who actually writes the checks....disagree.dflea said:
This is what all the corporate folks are saying. It will last until your competition meets customers face-to-face and steals them, and then everyone will be back in the air again.Swaye said:
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.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.
I'm not giving my business to someone who won't meet with me in person, and I think a lot of people are like that. Fuck Zoom meetings. Air travel isn't something a company wants to spend money on but they're going to find out you have to if you want to be a winner.
I went to Shelton High School and have a lowly bachelor's degree in Econ from lowly UW, though. so you may hear differently from the MBA holders about this.
Don't waste my time with shit - tell me what your product does, how much it costs and how it can save/earn me money.
MS Team forever. Saves kicking lowlifes out of the office. Ooops...lost internet connection. Well, bye.
In fact, have already done that.
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I thought you went to Shelton Country Day School, where you started the fad of wearing pink Vineyard Vines shorts and the untucked seafoam green oxford.dflea said:
This is what all the corporate folks are saying. It will last until your competition meets customers face-to-face and steals them, and then everyone will be back in the air again.Swaye said:
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.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.
I'm not giving my business to someone who won't meet with me in person, and I think a lot of people are like that. Fuck Zoom meetings. Air travel isn't something a company wants to spend money on but they're going to find out you have to if you want to be a winner.
I went to Shelton High School and have a lowly bachelor's degree in Econ from lowly UW, though. so you may hear differently from the MBA holders about this.
My entire image of you has changed man. -
Are we talking about airline service levels or airline financial performance?
Good services levels do not necessarily lead to good financial results. Southwest has been the financial bell cow of the industry for 40 years and doesn't give you food or first class. Allegiant does quite well without many of the amenities that others have. I agree that Delta and Alaska are solid airlines in terms of service and they happen to be among the best managed airlines. (Hey look, Alaska's top two leaders have certificates/degrees from Foster)
There is a ton of international pent up leisure demand which will be unleashed when borders open up. Business travel though is going to take longer.
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Great point.whlinder said:Are we talking about airline service levels or airline financial performance?
Good services levels do not necessarily lead to good financial results. Southwest has been the financial bell cow of the industry for 40 years and doesn't give you food or first class. Allegiant does quite well without many of the amenities that others have. I agree that Delta and Alaska are solid airlines in terms of service and they happen to be among the best managed airlines. (Hey look, Alaska's top two leaders have certificates/degrees from Foster)
There is a ton of international pent up leisure demand which will be unleashed when borders open up. Business travel though is going to take longer. -
Are airlines really going to be stupid enough to require proof of vaccination? I, and many others I know, will not fly if that's the case. We just won't.
Quasi-tug comment, but relevant. -
I hear you. I'm not in a hurry to get the vax; but I (we) are also not anti-vax. I just want to see it roll out for a while. I've never wanted to be the canary.BleachedAnusDawg said:Are airlines really going to be stupid enough to require proof of vaccination? I, and many others I know, will not fly if that's the case. We just won't.
Quasi-tug comment, but relevant.
The anti-vax group is a chintresting one. They seem to cross the political spectrum. I know people who are fairly described as close to alt-right and people who border on collectivism who won't touch a vax and will argue with you about it all day if you let them.
