Delta sees profit on oil fall – answers

Delta sees profit on oil fall

questions

1. Which factor will help Delta make a profit in 2009? lower oil costs
2. What does ‘out of the red mean’? without debt
3. How much do they expect overall revenue to decline by? 8 – 12%
4. What does this decline equate to? traffic after 9/11/2001
5. How does the CEO describe the fuel costs now? dramatically lower
6. What and when was the peak in fuel prices? $1.00 a barrel and summer 20078
7. What is the current price of fuel? around $30 a barrel
8. What is a $1.00 change in oil price for Delta worth to the P and L (profit and loss statement)? $100 million
9. How many staff members have lost their jobs? 4,000
10. What other measure can be used to ‘weather the economic storm’? keeping planes on the ground