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.
Chevron, Delta, and Google Cloud have entered a memorandum of understanding (MOU) to analyze emissions data from a sustainable aviation fuel (SAF) pilot program. Chevron will produce a SAF test batch at El Segundo Refinery and sell it to Delta at Los Angeles International Airport (LAX). This partnership aims to create transparency in emissions reporting and support Delta's goal of replacing 10% of its jet fuel with SAF by 2030. Google Cloud will develop a data framework to facilitate emissions data analysis.
Delta Air Lines (NYSE:DAL) will present at the Cowen Global Transportation & Sustainable Mobility Conference on September 9, 2021, at 8:00 a.m. ET. A live webcast of the event will be available on ir.delta.com. An online replay will follow shortly after the event concludes.
Delta operates services to nearly 370 destinations across six continents. For further information, visit news.delta.com.
Floor & Decor Holdings, Inc. (NYSE: FND) has appointed Dwight James, Senior VP at Delta Air Lines and CEO of Delta Vacations, to its Board of Directors, effective September 30, 2021. This appointment follows the resignation of David Kaplan, Co-Founder of Ares Management Corporation, from the same Board. Tom Taylor, CEO of Floor & Decor, expressed enthusiasm for James's expertise in customer engagement and digital strategy, which could enhance the company's growth plans. Kaplan acknowledged the company's success during his tenure and expressed confidence in its future.
Delta Air Lines (NYSE: DAL) announced early tender results for its cash tender offer of up to $1.0 billion in outstanding debt securities. As of July 28, 2021, validly tendered Notes will see early settlement on July 30, 2021. The 2025 Notes were prorated due to exceeding the $800 million cap, with approximately $799.99 million accepted. The tender offer terms are outlined in the Offer to Purchase dated July 15, 2021.
Wheels Up (NYSE: UP) announces a strategic partnership with Abercrombie & Kent to provide exclusive travel experiences for Wheels Up Members. This partnership introduces two domestic journeys exploring America's National Parks and the Pacific coast, utilizing the Wheels Up fleet. In January 2022, a unique East Africa journey for the Great Migration will also be available. This partnership reflects Wheels Up's commitment to enhancing member benefits and offers customized itineraries designed by dedicated travel consultants.
Delta Air Lines (NYSE: DAL) announced a cash tender offer to purchase up to $1 billion of its outstanding notes, including 7.000% Senior Secured Notes due 2025, 7.375% Notes due 2026, and 4.500% Senior Secured Notes due 2025. A maximum of $800 million will be allocated to the 2025 Notes. The early tender deadline is July 28, 2021, while the offer expires on August 11, 2021. Interest accrued will be paid alongside the tender offer consideration. This initiative is aimed at refinancing efforts amid ongoing financial recovery.
Delta Air Lines (NYSE: DAL) reported its June quarter 2021 results, highlighting a pre-tax loss of $881 million, with adjusted operating revenue of $6.3 billion, down 49% from 2019. Operating expenses decreased significantly by $4.1 billion. The airline generated $1.5 billion in free cash flow and ended the quarter with $17.8 billion in liquidity. For the September quarter, Delta expects a capacity reduction of 28% to 30% and a revenue decline of 30% to 35%. Despite challenges, Delta noted a strong recovery in domestic leisure travel and positive trends in premium cabin bookings.
Wheels Up Experience Inc. has officially closed its merger with Aspirational Consumer Lifestyle Corp., making it the first private aviation company listed on the NYSE under the ticker 'UP'. The transaction was approved on July 12, 2021, and closed the following day. Wheels Up reported a remarkable 68% year-over-year revenue growth in Q1 2021, totaling $261.7 million, alongside a 56% increase in active members. The company plans to expand its private aviation marketplace and invest in technology to enhance its services.
Delta Air Lines (NYSE:DAL) will host a live conference call on July 14, 2021, at 10:00 a.m. ET to discuss its financial results for the June quarter of 2021. The event will be accessible via a webcast, with a replay available shortly after. Delta emphasizes its commitment to safety and innovation, particularly in response to the COVID-19 pandemic, maintaining high standards in customer service and operational excellence.
Delta Air Lines (NYSE:DAL) will present at the Bernstein Strategic Decisions Conference on June 3, 2021, at 8:00 a.m. ET. The event will provide insights into the airline's strategic direction and market position.
A live webcast of the presentation will be available at ir.delta.com, with an online replay accessible shortly after the event.
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