Delta Air Lines' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Delta Air Lines (DAL)

Q1 2012 Earnings Call

April 25, 2012 10:00 am ET


Jill Greer -

Richard H. Anderson - Chief Executive Officer and Director

Edward H. Bastian - President and Director

Paul A. Jacobson - Chief Financial Officer and Senior Vice President

Glen W. Hauenstein - Executive Vice President of Revenue Management & Network Planning

Michael H. Campbell - Executive Vice President of Human Resources & Labor Relations

Garrett L. Chase - Senior Vice President of Financial Planning and Analysis and Investor Relations

John E. Walker - Chief Communications Officer and Senior Vice President of Corporate Communications


William J. Greene - Morgan Stanley, Research Division

Jamie N. Baker - JP Morgan Chase & Co, Research Division

Savanthi Syth - Raymond James & Associates, Inc., Research Division

Michael Linenberg - Deutsche Bank AG, Research Division

Glenn D. Engel - BofA Merrill Lynch, Research Division

David E. Fintzen - Barclays Capital, Research Division

Hunter K. Keay - Wolfe Trahan & Co.

Daniel McKenzie - Rodman & Renshaw, LLC, Research Division

Helane R. Becker - Dahlman Rose & Company, LLC, Research Division

Duane Pfennigwerth - Evercore Partners Inc., Research Division

Andrew Compart

Karen Jacobs



Good morning, ladies and gentlemen, and welcome to the Delta Air Lines March 2012 Quarter Financial Results Conference Call. My name is Cynthia, and I will be your coordinator. [Operator Instructions] As a reminder, today's call is being recorded. I would now like to turn the conference over to Ms. Jill Sullivan Greer, Managing Director of Investor Relations for Delta.

Jill Greer

Thanks, Cynthia. Good morning, everyone and thanks for joining us for our March quarter call. Joining us from Atlanta today are Richard Anderson, our CEO; Ed Bastian, our President; and Paul Jacobson, our Chief Financial Officer. Also in the room for the Q&A are Glen Hauenstein, Steve Gorman, Mike Campbell, Bolton Shannon, Mike Randolfi, Gary Chase, Evan Hurst and Ned Walker. Richard will open the call. Ed will then address our financial revenue performance and Paul will conclude with a review of cost performance and liquidity. And to get in as many questions as possible during the Q&A, please limit yourself to one question and a follow-up.

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