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 has initiated a cash tender offer to purchase up to $1.5 billion of its outstanding Notes, which include several series due in 2023, 2025, and 2026. This offer is part of its ongoing financial strategy to manage debt. The tender offer will expire on August 12, 2022, with an early tender deadline of July 29, 2022. Holders of the Notes will receive consideration based on acceptance priority levels. BofA Securities and Citigroup are acting as the Lead Dealer Managers for this transaction.
Boeing and Delta Air Lines announced a significant modernization of Delta's single-aisle fleet with an order of 100 Boeing 737-10 jets and options for an additional 30. This move aims to enhance efficiency and align with Delta's sustainability goals. The 737-10 is expected to improve fuel efficiency and reduce emissions by 20-30% compared to older models. Delta plans to reconfigure 29 of its existing 737-900ERs for operational readiness by summer 2025. This partnership reflects both companies' commitment to innovation and sustainability in the aviation industry.
Delta Air Lines (NYSE:DAL) reported strong financial results for the June quarter of 2022, with an operating revenue of $13.8 billion and a 11.0% operating margin. The airline generated nearly $2 billion in free cash flow and recorded earnings per share of $1.15. Looking ahead, Delta expects double-digit operating margins for the September quarter and aims for over $7 adjusted EPS and $4 billion in free cash flow for 2024. Key drivers include robust demand recovery, especially in domestic and international markets, and effective cost management amidst rising fuel prices.
Delta Air Lines (NYSE: DAL) has entered into a multi-year agreement with Amazon Web Services (AWS) to become its preferred cloud provider. This partnership aims to enhance Delta's digital transformation, improving customer experience from booking to flight. With AWS, Delta will streamline operational processes, ensure data security, and provide cloud training for employees globally. The collaboration also includes modernization of core technology platforms for customer engagement, promising more efficient service delivery. AWS's broad portfolio will support Delta's commitment to innovation and operational excellence.
Delta Air Lines (NYSE:DAL) will host a live conference call and webcast to discuss its financial results for the June quarter on July 13, 2022, at 10 a.m. EDT. Investors and stakeholders can join the event through a webcast available at ir.delta.com, where an online replay will be accessible shortly after the call concludes. This event aims to provide transparency regarding Delta's financial performance and future expectations.
American Express (AXP) and Delta Air Lines (DAL) launched a limited-edition credit card design made from retired Delta Boeing 747 aircraft. Available from June 16 to August 3, 2022, the card offers Card Members exclusive augmented reality content and honors aviation history. The design incorporates 25% metal from the retired aircraft, known as the 'Queen of the Skies.' With more than half of consumers planning to travel more this summer, the partnership emphasizes premium travel benefits for Delta loyalists, including complimentary lounge access and limited-time offers for earning miles.
Delta Air Lines (NYSE: DAL) will present at the Bernstein Strategic Decisions Conference on June 1, 2022, at 9:00 a.m. ET. The presentation will be available via a live webcast on ir.delta.com, with an online replay accessible shortly after the event. Delta Air Lines connects nearly 370 destinations across six continents, providing essential air travel services. Stay updated by visiting their news portal.
Intelsat has appointed four new leaders to enhance its financial and commercial functions. Toby O’Brien, previously CFO at Raytheon Technologies (RTX), will become Intelsat’s new CFO. Michael DeMarco shifts to Chief Commercial Officer after over 20 years with Intelsat. Clay McConnell is named Senior VP of Corporate Communications and Marketing, joining from Delta Air Lines (DAL). Jeff Sare becomes President of the Commercial Aviation division, previously with Panasonic Avionics. These appointments aim to bolster Intelsat's strategic initiatives in global connectivity.
Delta Air Lines reported a GAAP operating loss of $783 million for the March quarter 2022, with a loss per share of $1.48 on operating revenue of $9.3 billion. Adjusted results showed a loss of $793 million on adjusted revenue of $8.2 billion. However, demand improved, leading to a solid adjusted operating margin of nearly 10% in March and a positive outlook for June with expected margins of 12-14%. The airline also generated $1.8 billion in operating cash flow and ended the quarter with $12.8 billion in liquidity.
Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast at 10 a.m. EDT on April 13, 2022, to discuss its financial results for the March quarter. Investors can access the live webcast and a replay at ir.delta.com. Delta operates nearly 5,000 flights daily, serving over 265 destinations across six continents. The company is committed to sustainability through its Flight to Net Zero initiative, targeting science-based carbon emissions reductions aligned with the Paris Agreements.
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