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Thread: Now that's a lot of money!

  1. #1
    Redsmetz redsmetz's Avatar
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    Now that's a lot of money!

    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.
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  3. #2
    You're being very UnDude. sonny's Avatar
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    Re: Now that's a lot of money!

    Thats more money than I made all of last year!
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  4. #3
    RZ Chamber of Commerce Unassisted's Avatar
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    Re: Now that's a lot of money!

    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.
    /r/reds

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    Re: Now that's a lot of money!

    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

  6. #5
    Tired of talk. Win! Joseph's Avatar
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    Re: Now that's a lot of money!

    Quote Originally Posted by Unassisted View Post
    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.

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  7. #6
    Let's ride BRM's Avatar
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    Re: Now that's a lot of money!

    Quote Originally Posted by HBP View Post
    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.

  8. #7
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    Re: Now that's a lot of money!

    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.

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    SERP Emeritus paintmered's Avatar
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    Re: Now that's a lot of money!

    Quote Originally Posted by redsmetz View Post
    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.
    What if this wasn't a rhetorical question?

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  10. #9
    Playoffs Cyclone792's Avatar
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    Re: Now that's a lot of money!

    Quote Originally Posted by BRM View Post
    They gotta eat, ya know.
    They're like 'trel Sprewell in that they've got a family to feed.
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  11. #10
    Danger is my business! oneupper's Avatar
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    Re: Now that's a lot of money!

    Quote Originally Posted by paintmered View Post
    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.
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