Delta 1Q16 Earnings Call Notes

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Ed Bastian

New CEO

“I’ve been asked many times over the last couple of months as I take over as CEO as to what my priorities will be as we look to the future. Our goal as a team will be to continue to invest in the initiatives that are producing adorable, sustainable and industry leading foundation at Delta.”

Domestic fleet renewal is a medium term need

“The focus we’re in the midst of currently is the domestic fleet renewal over the next five years. It’s not a short-term need. It’s a medium term need, because MD-88s do need to retire. We have roughly 115 of them currently. And we also need to continue to up gauge our regional flying to the main line which we’ve had a lot of success in and there is much more to go. And I think we can do it cost effectively.”

Paul Jacobson

Lower fuel costs providing huge benefits, but a lot of uncertainty

“While lower fuel cost are providing huge benefits for our business, there is a lot of uncertainty in the global environment and we know fuel won’t stay low permanently. As a result, we remained focussed on staying disciplined with our cost.

Glen Hauenstein

The industry needs to fill capacity in order to maintain margins

I think those are always are concerns. I think that the demand that is strong particularly ex U.S. and it’s been little bit weaker ex Europe. But if these elevated level stay and fuel goes up and economies don’t grow, I think that would be an indication that industry would need to full capacity in order to maintain margins.”