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.
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.
Delta Air Lines (NYSE:DAL) will present at the J.P. Morgan Industrials Conference on March 15, 2022, at 8:00 a.m. ET. A live webcast will be available at ir.delta.com, with a replay shortly after the event. Delta operates nearly 5,000 flights daily, connecting over 265 destinations globally. Committed to sustainability, Delta aims for net-zero carbon emissions through various initiatives. The airline emphasizes a world-class customer experience while promoting diversity and inclusion in travel.
American Express (AXP) and Delta Air Lines (DAL) have integrated the Plan It feature, allowing American Express U.S. Consumer Card Members to finance Delta flights of $100 or more at checkout on delta.com. This service caters to the growing demand for flexible payment options, particularly among Gen Z and Millennial travelers; a survey indicates that 68% of this demographic would travel more if they could split payments. Plan It enables customers to divide large purchases into fixed monthly payments, enhancing their travel booking experience.
Delta Air Lines (NYSE:DAL) reported $170 million adjusted pre-tax income for the December quarter 2021, recovering 74% of operating revenue compared to December 2019. Total operating expenses decreased by $833 million from December 2019, with liquidity at $14.2 billion. For full year 2021, Delta posted an adjusted operating revenue of $26.7 billion, 57% recovered versus 2019. Despite challenges from the omicron variant, Delta anticipates a strong spring and summer travel season with estimated March quarter revenue recovery of 72-76% compared to 2019.
Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its financial results for the December quarter and full year 2021 on January 13, 2022, at 10 a.m. ET. A replay of the event will be available shortly after the conclusion. Delta is recognized as a leader in safety, innovation, and service within the airline industry, and has prioritized health and safety measures since the COVID-19 pandemic began.
Delta Air Lines (NYSE: DAL) presented its recovery strategy at the Capital Markets Day, emphasizing strong customer focus and competitive advantages. CEO Ed Bastian highlighted Delta's resilience during the pandemic, asserting that the airline is outperforming the industry. Key points include a focus on operational excellence, significant profitability expectations for 2022, and financial targets aiming for over $50 billion in revenue by 2024. Delta anticipates generating an adjusted pre-tax profit of approximately $200 million in the December quarter, reinforcing its position as a trusted brand.
Delta Air Lines (NYSE: DAL) will hold its Capital Markets Day on Dec. 16, 2021, in New York, from 8:15 a.m. to 12:30 p.m. ET. The event features a fireside chat with CEO Ed Bastian and American Express CEO Stephen J. Squeri from 11:40 a.m. to 12:25 p.m. ET. A live webcast will be available at ir.delta.com, with an online replay afterward. Delta aims to showcase its industry-leading safety, innovation, and customer experience initiatives.
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