Welcome to our dedicated page for Delta Air Lines news (Ticker: DAL), a resource for investors and traders seeking the latest updates and insights on Delta Air Lines stock.
Delta Air Lines, Inc. (NYSE: DAL) is a major American airline headquartered in Atlanta, Georgia. Serving over 160 million customers annually, Delta boasts a global network that spans 328 destinations in 64 countries across six continents. The airline's robust hub-and-spoke system includes major hubs in Amsterdam, Atlanta, Boston, Detroit, London, Los Angeles, Minneapolis, New York, Paris, Salt Lake City, Seattle, Seoul, and Tokyo. Delta employs nearly 80,000 people worldwide and operates a mainline fleet of over 700 aircraft.
Delta has earned a reputation for operational excellence and customer service. It has been recognized by Fortune Magazine as the most admired airline worldwide and has received accolades from Cirium, the Wall Street Journal, and Fast Company. The airline is also committed to innovation and sustainability, investing over $3 billion in airport facilities, products, services, and technology to enhance the customer experience both in the air and on the ground.
Financially, Delta has demonstrated resilience and growth, reporting record revenue and a strong operational margin in the recent quarters. Delta’s strategic partnerships with Aeroméxico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic, and WestJet allow it to offer customers more than 15,000 daily flights. The airline is also investing in fleet modernization, recently announcing the purchase of twenty Airbus A350-1000 aircraft to enhance fuel efficiency and passenger comfort.
Delta's commitment to its employees is evident, with significant profit-sharing payouts and a focus on maintaining a positive work culture. Environmental, Social, and Governance (ESG) initiatives are also a priority, with efforts to reduce carbon emissions and enhance sustainable practices.
In the latest news, Delta reported strong financial performance for the September and December quarters of 2023, with expectations for continued growth in 2024. The company plans to repay significant debt and has received positive outlook updates from credit rating agencies, marking progress towards an investment-grade rating.
Delta Air Lines (NYSE:DAL) has scheduled a live conference call and webcast on January 13, 2023, at 10 a.m. EST to discuss its financial results for the December quarter and the full year of 2022. The event will be accessible via the company's investor relations website, with a replay available shortly after the event concludes. This opportunity allows investors and stakeholders to gain insights into Delta's financial performance and strategic outlook.
Delta Air Lines (NYSE:DAL) announced strong financial guidance for 2023, projecting earnings per share (EPS) between $5 and $6, nearly double the previous year's adjusted EPS of $3.07 to $3.12. The company expects a 15% to 20% increase in total revenue, backed by robust air travel demand. Additionally, Delta outlined 2024 targets of earning over $7 per share and aims to strengthen its balance sheet for investment-grade metrics. The adjusted EPS forecast for the December quarter has also been raised to between $1.35 and $1.40.
Delta Air Lines (NYSE:DAL) is set to host a Financial Outlook and Strategic Update in New York on Dec. 14, 2022, from 10 a.m. to noon ET. The event will feature key remarks from the CEO, President, and CFO, followed by a Q&A session. A live webcast will be available on ir.delta.com, with an online replay accessible afterward. Delta operates over 4,000 flights daily to more than 275 destinations globally, emphasizing their commitment to customer service and safety.
Delta Vacations announces the launch of the "Firsts That Last" contest, offering 12 winners curated vacations across global destinations. The contest emphasizes unique experiences and aims to create lasting memories for participants. Each prize vacation, ranging in value from $4,000 to $22,000, includes airfare, accommodations, and activities for couples or families. The contest is free to enter and runs until November 19, 2022. Interested participants can submit entries through the contest website.
Delta Air Lines (NYSE: DAL) reported record quarterly revenue of $14 billion for Q3 2022, achieving an operating margin of 10.4%. The airline is on track for 2024 targets of over $7 adjusted EPS and $4 billion in free cash flow. CEO Ed Bastian noted a significant recovery in travel demand, particularly in international routes, which are 97% back to pre-COVID levels. The company expects revenue growth of 5-9% in Q4 2022 compared to Q4 2019. Despite challenges from Hurricane Ian, Delta maintains strong liquidity of $11.2 billion and plans to restore full operational capacity by mid-2023.
Delta Air Lines (NYSE: DAL) and Starbucks (NASDAQ: SBUX) announced a strategic partnership allowing Delta SkyMiles and Starbucks Rewards members to link their accounts. Starting Oct. 12, 2022, members can earn one mile per $1 spent at Starbucks and double Stars on flight days. Additionally, those who link accounts by Dec. 31, 2022, will earn bonuses of 500 miles and 150 Stars. This collaboration aims to enhance loyalty program benefits, attracting new members and increasing customer engagement for both companies.
Delta Air Lines (NYSE: DAL) has announced a strategic partnership with Joby Aviation, Inc. (NYSE: JOBY) to launch an all-electric, vertical take-off and landing (eVTOL) service, enhancing urban transportation. Delta will invest an initial $60 million, potentially increasing to $200 million based on milestones. The service will target New York and Los Angeles, offering Delta customers seamless, eco-friendly travel options to airports. This partnership aims to deliver a unique travel experience, leveraging Joby's innovative aircraft, which has completed over 1,000 test flights and received FAA certifications.
Delta Air Lines (NYSE:DAL) will host a live conference call and webcast to discuss its financial results for the September quarter on October 13, 2022, at 10 a.m. EDT. A replay of the event will be available shortly after via the company's investor relations website. Investors can access the live webcast at ir.delta.com.
Delta Air Lines (NYSE:DAL) will present at the Morgan Stanley Laguna Conference on September 14, 2022, at 10:35 a.m. ET. A live webcast of the event can be accessed at ir.delta.com, with an online replay available shortly after the event concludes.
This presentation is an opportunity for Delta to share insights and updates with investors and analysts. For more information, visit the official Delta news site.
Delta Air Lines (NYSE:DAL) reported the early tender results for its cash tender offer of up to $1.5 billion for certain outstanding debt securities, as of July 29, 2022. The early settlement for the validly tendered Notes is set for August 2, 2022. Notably, the tendered amount exceeded the Maximum Tender Amount, leading to prorated acceptance of the 2023 Notes. Delta engaged BofA Securities and Citigroup Global Markets as Lead Dealer Managers for this offer. The details are outlined in the Offer to Purchase dated July 18, 2022.
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