Delta confirms purchase of 49 per cent stake in Virgin Atlantic

Discussion in 'Delta Air Lines | SkyMiles' started by uggboy, Dec 11, 2012.  |  Print Topic

  1. uggboy
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    uggboy Gold Member

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    || Delta confirms purchase of 49 per cent stake in Virgin Atlantic ||

    Amazing how fast the world moves.:cool:
     
  2. Davescj
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    Davescj Silver Member

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    Well......this opens a whole new can of worms.
     
  3. MalcoveMagnesia
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    MalcoveMagnesia Silver Member

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    Where in the world did Delta find the cash to do this transaction? Delta constantly declares losses every year. How much deeper into the leveraged buy-out hole are they getting?
     
  4. ballardFlyer

    ballardFlyer Gold Member

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    They've been making money the last couple of years overall. And debt is cheap right now.
     
  5. mattsteg
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    mattsteg Gold Member

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    Per this source, Delta has posted profits in 8 of the last 10 quarters.
    http://ycharts.com/companies/DAL/profit_margin

    2012 will be the 3rd straight profitable year, and 4th of 6 since exiting bankruptcy.
    http://www.marketwatch.com/investing/stock/dal/financials

    Also, debt is currently pretty cheap.

    Sort of confused at where you're coming up with this.
     
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  6. rwoman
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    rwoman Gold Member

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  7. Davescj
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    This is great news. I was hoping that OK would have gone through faster. It would have been nice to fly VS this summer.
     

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