Delta Air Lines Inc Del Stock Price, News & Analysis

Delta Air Lines (NYSE:DAL) has announced it will host its 2024 Investor Day via webcast on Wednesday, November 20, 2024, at 8:30 a.m. ET. The event will be accessible through the company's investor relations website at ir.delta.com, with a replay available shortly after the webcast concludes.

Delta Air Lines CEO Ed Bastian will deliver a keynote speech at CES 2025, marking the company's centennial and showcasing its vision for the future of travel through technology and human connection. The presentation will take place at Sphere, a cutting-edge entertainment venue in Las Vegas, making it the first CES keynote held at this location.

The keynote will utilize Sphere's advanced technologies, including the world's largest LED screen and most advanced audio system. Delta will increase flight service to Las Vegas for the event and offer expedited CES badge pickup for SkyMiles Members at Harry Reid International Airport from January 5-7.

This will be Delta's third CES appearance, following previous keynotes in 2020 and 2023. The event is scheduled for January 7 at 5 p.m. PT and is open to credentialed CES attendees with a separate ticket required.

Delta Air Lines (NYSE:DAL) has announced that it will hold a live conference call and webcast to discuss its September quarter 2024 financial results on Thursday, October 10, 2024, at 10 a.m. EDT. Investors and interested parties can access the live webcast of this event at ir.delta.com. An online replay of the webcast will be made available shortly after the event concludes. This announcement provides an opportunity for stakeholders to gain insights into Delta's financial performance for the third quarter of 2024.

Delta Air Lines (NYSE:DAL) has announced a quarterly dividend declaration by its Board of Directors. Shareholders will receive $0.15 per share, with the dividend payable to those on record as of the close of business on October 10, 2024. The payment is scheduled for October 31, 2024.

This dividend announcement demonstrates Delta's commitment to returning value to its shareholders and may be seen as a positive signal regarding the company's financial health and confidence in its future performance.

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.