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View Full Version : Now that's a lot of money!



redsmetz
04-23-2008, 10:37 AM
I was just listening to a report on NPR about Delta Air Lines reporting that they lost $6 Billion in the 1st Quarter this year. I did the math and that's

$763 per second
$45,787 per minute
$2.75 Million per hour
$65.9 Million per day
$461.5 Million per month

Ouch! That's an incredible amount of money.

sonny
04-23-2008, 10:38 AM
Thats more money than I made all of last year!:eek:

Unassisted
04-23-2008, 11:25 AM
Most of that loss is because of rising fuel costs. Next time you're filling up the tank and lamenting how much more it's costing you, just remember how much more Delta is paying. ;)

HBP
04-23-2008, 11:39 AM
Interesting. Speaking of fuel, compare those numbers to Exxon Mobil 2007 profit of $40,610,000,000

Day - $111,260,274
Hour - $4,635,845
Minute - $77,264
Second - $1,288

Joseph
04-23-2008, 11:39 AM
Most of that loss is because of rising fuel costs. Next time you're filling up the tank and lamenting how much more it's costing you, just remember how much more Delta is paying. ;)

Hey, I'm not gonna feel sorry for them.

BRM
04-23-2008, 11:45 AM
Interesting. Speaking of fuel, compare those numbers to Exxon Mobil 2007 profit of $40,610,000,000

Day - $111,260,274
Hour - $4,635,845
Minute - $77,264
Second - $1,288

They gotta eat, ya know.

BuckeyeRed27
04-23-2008, 11:52 AM
To be fair most of that was a write off as an adjustment to the value of their stock. They still lost like $274 million though.

paintmered
04-24-2008, 07:45 AM
I was just listening to a report on NPR about Delta Air Lines reporting that they lost $6 Billion in the 1st Quarter this year. I did the math and that's

$763 per second
$45,787 per minute
$2.75 Million per hour
$65.9 Million per day
$461.5 Million per month

Ouch! That's an incredible amount of money.

It's actually worse than that because they lost the 6 billion over three months and not over an entire year.

Cyclone792
04-24-2008, 04:36 PM
They gotta eat, ya know.

They're like 'trel Sprewell in that they've got a family to feed.

oneupper
04-24-2008, 05:09 PM
It's actually worse than that because they lost the 6 billion over three months and not over an entire year.

You have to take some of these "losses" with a grain of salt. Many are just "accounting" (as in not cash) losses.

Delta doesn't have a $6 billion dollar overdraft at the bank.

I remember only a few years back Time Warner reported a $50 billion loss, from writing down goodwill from the AOL merger.