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) will present at the Wolfe Transportation and Industrials Conference on May 25, 2021, at 8:35 a.m. ET. A live webcast of the event will be accessible at ir.delta.com, with a replay available after the conclusion of the presentation. This conference serves as a key opportunity for Delta to share insights and developments within the transportation sector, highlighting their service network reaching nearly 370 destinations across six continents.
Delta Air Lines and Sabre have signed a global distribution agreement aimed at transforming their partnership and enhancing value for the travel ecosystem. This multi-year agreement introduces a new model that focuses on modern retailing, providing improved access to Delta's offerings for Sabre-connected travel buyers. Delta's omni-channel strategy emphasizes customer-centric services, while Sabre's New Airline Storefront will streamline travelers' shopping experiences. Both companies anticipate substantial improvements in booking processes and traveler satisfaction.
Delta Air Lines (DAL) reported a March quarter 2021 adjusted pre-tax loss of $2.9 billion amid a 65% decline in adjusted operating revenue to $3.6 billion compared to March 2019. Despite these figures, the airline achieved positive cash generation of $4 million per day in March, aided by improved leisure travel demand. For the June quarter, Delta anticipates a 50%-55% revenue decline relative to June 2019 but predicts a narrowing of adjusted pre-tax losses to between $1 billion and $1.5 billion. Ending March with $16.6 billion in liquidity, Delta is on a path toward recovery.
Delta Air Lines (NYSE: DAL) will hold a live conference call and webcast to discuss its financial results for the March quarter of 2021 on April 15, 2021, at 10:00 a.m. ET. The event will be available for replay shortly after its conclusion on the investor relations website. Delta focuses on safety, innovation, and customer service, having established itself as a leader in the airline industry. Amid the COVID-19 pandemic, Delta has implemented enhanced health measures to ensure a safe travel experience. For further details, visit ir.delta.com.
Delta Air Lines (NYSE:DAL) will present at the J.P. Morgan Industrials Conference on March 15, 2021, at 8:00 a.m. ET. A live webcast of the presentation will be available for viewing through their investor relations website at ir.delta.com. Following the event, an online replay will also be accessible on the same site. Delta Air Lines serves nearly 370 destinations worldwide, highlighting its extensive reach.
IBM and Delta Air Lines have entered a multi-year partnership to migrate Delta's operations to the public cloud, enhancing agility and innovation. This collaboration aims to modernize Delta's applications using a hybrid cloud architecture based on Red Hat OpenShift. IBM's expert team will work on improving software engineering productivity and transforming Delta's technology platform. The partnership builds on past collaborations, including efforts to explore quantum computing, aiming for enhanced customer experience and operational efficiency.
Delta Air Lines (NYSE:DAL) reported a challenging December quarter and a tough full year in 2020, with an adjusted pre-tax loss of $2.1 billion and adjusted operating revenue down 69% to $3.5 billion. Despite a significant cash burn reduction to $12 million per day, liquidity was $16.7 billion at year-end. For 2021, Delta anticipates scheduled capacity down ~35% and total revenue projected to decline 60-65% in Q1. However, the company remains optimistic about recovery, noting an expected increase in liquidity to $18-19 billion.
Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast on Jan. 14, 2021, at 10:00 a.m. ET to discuss its financial results for the December quarter and the full year 2020. The event will be accessible via ir.delta.com, where an online replay will also be available shortly after the call. Delta continues its commitment to safety and excellence in customer service, emphasizing health protocols in light of the COVID-19 pandemic.
Delta Air Lines (NYSE:DAL) reported a significant adjusted pre-tax loss of $2.6 billion for the September quarter of 2020, marking a 79% decline in total adjusted revenue to $2.6 billion due to COVID-19 impacts. Daily cash burn averaged $24 million, improving to $18 million in September. Despite challenging conditions, Delta ended the quarter with $21.6 billion in liquidity and successfully raised $9 billion through the largest debt offering in aviation history. The company continues efforts to position itself for recovery, focusing on cost management, fleet restructuring, and customer experience enhancements.
Delta Air Lines (NYSE: DAL) is set to hold a live conference call and webcast on October 13, 2020, at 10:00 a.m. ET to discuss its financial results for the September quarter 2020. The event will be accessible via ir.delta.com, with an online replay available shortly after. Delta emphasizes its commitment to safety and customer satisfaction, particularly in light of the COVID-19 pandemic, implementing measures to ensure a safe travel experience.
FAQ
What is the current stock price of Delta Air Lines (DAL)?
What is the market cap of Delta Air Lines (DAL)?
What is Delta Air Lines' core business?
Where is Delta Air Lines headquartered?
How many employees does Delta Air Lines have?
What are some of Delta Air Lines' major hubs?
What recent achievements has Delta Air Lines reported?
What strategic partnerships does Delta Air Lines have?
What investments is Delta Air Lines making in its fleet?
How does Delta Air Lines support its employees?
What are Delta Air Lines' environmental initiatives?
What financial outlook has Delta Air Lines provided for 2024?
