Delta Air Lines Inc Del Stock Price, News & Analysis

Vmo Aircraft Leasing, based in San Francisco, has signed a long-term lease with Delta Air Lines (NYSE: DAL) for two Airbus A350-900 aircraft, delivered in October 2021. This partnership aims to support Delta's fleet renewal strategy amid increasing demand for air travel. Vmo's Chief Commercial Officer expressed optimism about the transaction, emphasizing the environmental benefits of the aircraft. Delta's Senior VP noted the A350's role in enhancing efficiency and reducing their carbon footprint, aligning with their innovative approach to fleet management.

Delta Air Lines (NYSE:DAL) reported a profit for the September quarter 2021, marking its first quarterly profit since the pandemic began. Adjusted operating revenue reached $8.3 billion, 66% recovered from Q3 2019 levels, while total operating expenses decreased by 25%. The company anticipates December quarter revenue to recover to the low 70s percentage compared to 2019, despite rising fuel prices affecting profitability. Delta ended the quarter with $15.8 billion in liquidity and has reduced net debt by $12 billion over the last year, indicating a strong recovery trajectory.

Delta Air Lines (NYSE:DAL) will hold a live conference call on October 13, 2021, at 10 a.m. ET, to discuss its financial results for the September quarter of 2021. The event will be available via webcast and will include a replay shortly thereafter. Delta remains a leader in customer satisfaction and is committed to achieving carbon neutrality through innovative practices and stakeholder engagement, focusing on sustainable aviation.

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.