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 announced its participation in the Morgan Stanley Laguna Conference on Thursday, September 12th, 2024. The airline will engage in a fireside chat at 10 a.m. EDT / 7 a.m. PDT. This event presents an opportunity for investors and analysts to gain insights into Delta's current operations and future strategies.
For those unable to attend in person, Delta will provide a live webcast of the event on their investor relations website, ir.delta.com. An online replay will be made available shortly after the webcast concludes, allowing interested parties to access the information at their convenience.
CLEAR Secure, Inc. (NYSE: YOU) has announced a significant stock repurchase agreement with Delta Air Lines, Inc. The company will repurchase 4,000,000 shares of Class A Common Stock from Delta in Q3 2024. Additionally, CLEAR's Board of Directors has authorized a $100 million increase to its existing share repurchase program.
Despite this transaction, Delta remains a significant shareholder, retaining 4,277,958 shares of CLEAR's Class C Common Stock. Both companies expressed their commitment to continuing their partnership, which began in 2016. After the Delta repurchase, approximately $100 million remains available under CLEAR's repurchase authorization.
Delta Air Lines (NYSE: DAL) reported record June quarter revenue, achieving a 15% operating margin and a pre-tax income of $2 billion.
GAAP operating revenue was $16.7 billion, operating income $2.3 billion, and EPS $2.01. Adjusted figures showed $15.4 billion in revenue, $2.3 billion in operating income, and EPS of $2.36. Operating cash flow was $2.5 billion, with $1.4 billion in debt payments.
Delta reiterated its full-year guidance for EPS of $6-$7 and free cash flow of $3-$4 billion. The September quarter forecast includes a double-digit operating margin and a pre-tax profit of $1.5 billion. Additionally, Delta announced a 50% dividend increase starting in the September quarter.
Key positive factors include a 5.4% revenue increase year-over-year, strong premium and loyalty revenue growth, and a 12% increase in cargo revenue. However, GAAP net income decreased by 29% year-over-year to $1.3 billion, and operating expenses rose by 10% to $14.4 billion.
Delta Air Lines and Riyadh Air have signed a Strategic Cooperation Memorandum of Understanding to enhance connectivity and travel options between North America, the Kingdom of Saudi Arabia, and beyond. This agreement, announced on July 9, 2024, will see Delta serving as Riyadh Air's exclusive partner in North America, while Riyadh Air will be Delta's exclusive partner in Riyadh. Both airlines aim to strengthen networks, drive future growth, and explore an immunized joint venture for deeper collaboration. The partnership will benefit customers with new destinations, improved customer experience, and enhanced loyalty programs. Subject to regulatory approvals, it encompasses interline and codeshare connectivity, digital transformation, and broader aviation services.
Delta Air Lines (NYSE: DAL) has announced a live webcast and conference call to discuss its June quarter 2024 financial results. The event is scheduled for 10 a.m. EDT on Thursday, July 11, 2024. Interested parties can access the live webcast at ir.delta.com, with an online replay available shortly after the event concludes.
Delta Air Lines (NYSE: DAL) announced that its Board of Directors has declared a quarterly dividend of $0.15 per share. This represents a 50% increase from the previous dividend level. Shareholders who are on record as of the close of business on July 30, 2024, will receive the dividend payment on August 20, 2024.
Delta Air Lines' board of directors welcomes Maria Black and Willie Chiang as its newest members. Ms. Black is the President and CEO of Automatic Data Processing, Inc., while Mr. Chiang is the Chairman and CEO of Plains All American Pipeline, L.P. Both bring valuable expertise to Delta's diverse board.
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