Delta Air Lines Inc Del Stock Price, News & Analysis

Delta Air Lines (NYSE:DAL) will host a live conference call and webcast to discuss its financial results for the September quarter on October 13, 2022, at 10 a.m. EDT. A replay of the event will be available shortly after via the company's investor relations website. Investors can access the live webcast at ir.delta.com.

Delta Air Lines (NYSE:DAL) will present at the Morgan Stanley Laguna Conference on September 14, 2022, at 10:35 a.m. ET. A live webcast of the event can be accessed at ir.delta.com, with an online replay available shortly after the event concludes.

This presentation is an opportunity for Delta to share insights and updates with investors and analysts. For more information, visit the official Delta news site.

Delta Air Lines (NYSE:DAL) reported the early tender results for its cash tender offer of up to $1.5 billion for certain outstanding debt securities, as of July 29, 2022. The early settlement for the validly tendered Notes is set for August 2, 2022. Notably, the tendered amount exceeded the Maximum Tender Amount, leading to prorated acceptance of the 2023 Notes. Delta engaged BofA Securities and Citigroup Global Markets as Lead Dealer Managers for this offer. The details are outlined in the Offer to Purchase dated July 18, 2022.

Delta Air Lines has initiated a cash tender offer to purchase up to $1.5 billion of its outstanding Notes, which include several series due in 2023, 2025, and 2026. This offer is part of its ongoing financial strategy to manage debt. The tender offer will expire on August 12, 2022, with an early tender deadline of July 29, 2022. Holders of the Notes will receive consideration based on acceptance priority levels. BofA Securities and Citigroup are acting as the Lead Dealer Managers for this transaction.

Boeing and Delta Air Lines announced a significant modernization of Delta's single-aisle fleet with an order of 100 Boeing 737-10 jets and options for an additional 30. This move aims to enhance efficiency and align with Delta's sustainability goals. The 737-10 is expected to improve fuel efficiency and reduce emissions by 20-30% compared to older models. Delta plans to reconfigure 29 of its existing 737-900ERs for operational readiness by summer 2025. This partnership reflects both companies' commitment to innovation and sustainability in the aviation industry.

Delta Air Lines (NYSE:DAL) reported strong financial results for the June quarter of 2022, with an operating revenue of $13.8 billion and a 11.0% operating margin. The airline generated nearly $2 billion in free cash flow and recorded earnings per share of $1.15. Looking ahead, Delta expects double-digit operating margins for the September quarter and aims for over $7 adjusted EPS and $4 billion in free cash flow for 2024. Key drivers include robust demand recovery, especially in domestic and international markets, and effective cost management amidst rising fuel prices.

Delta Air Lines (NYSE: DAL) has entered into a multi-year agreement with Amazon Web Services (AWS) to become its preferred cloud provider. This partnership aims to enhance Delta's digital transformation, improving customer experience from booking to flight. With AWS, Delta will streamline operational processes, ensure data security, and provide cloud training for employees globally. The collaboration also includes modernization of core technology platforms for customer engagement, promising more efficient service delivery. AWS's broad portfolio will support Delta's commitment to innovation and operational excellence.

Delta Air Lines (NYSE:DAL) will host a live conference call and webcast to discuss its financial results for the June quarter on July 13, 2022, at 10 a.m. EDT. Investors and stakeholders can join the event through a webcast available at ir.delta.com, where an online replay will be accessible shortly after the call concludes. This event aims to provide transparency regarding Delta's financial performance and future expectations.

American Express (AXP) and Delta Air Lines (DAL) launched a limited-edition credit card design made from retired Delta Boeing 747 aircraft. Available from June 16 to August 3, 2022, the card offers Card Members exclusive augmented reality content and honors aviation history. The design incorporates 25% metal from the retired aircraft, known as the 'Queen of the Skies.' With more than half of consumers planning to travel more this summer, the partnership emphasizes premium travel benefits for Delta loyalists, including complimentary lounge access and limited-time offers for earning miles.