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Delta Air Lines
Page 3 of Delta Air Lines news, latest stories & analysis
Delta Air Lines says its revenue came in 76% lower in the fiscal third quarter
Delta Air Lines (NYSE: DAL) said on Tuesday that it concluded the fiscal third quarter with £4.17 billion of loss attributed to the Coronavirus pandemic that brought the global air travel to a near halt this year. The company said that demand was starting to pick up but warned that…
October 13, 2020
Southwest Airlines expects lower than previously estimated cash burn in Q3
In an announcement on Wednesday, Southwest Airlines Co (NYSE: LUV) said that its per-day cash burn in the fiscal third quarter is now likely to print at a lower £13.10 million. The company also highlighted that signs of recovery were evident in bookings last month, and have also shown resilience…
September 16, 2020
Delta Air Lines swings to a net loss of £4.57 billion in Q2 as COVID-19 weighs on demand
Delta Air Lines (NYSE: DAL) published its quarterly financial results on Tuesday that highlighted a net loss of £4.55 billion in the second quarter. The loss marked the largest for Delta since the market crash of 2008. Shares of the company were reported about 1% down in premarket trading on…
July 14, 2020
United Airlines strikes a tentative deal with its pilots’ union on voluntary furloughs & early retirement
United Airlines (NASDAQ: UAL) said late on Thursday that it had struck a tentative deal with a union that represents about 13,000 of its pilots on early retirement and voluntary furloughs. The announcement marks a prominent milestone for the U.S. air carrier in cutting costs amidst COVID-19 that has brought…
July 10, 2020
American Airlines expects 10% to 20% more workers than required in July 2021
The Coronavirus pandemic brought demand for air travel to a near halt in recent months. As governments restricted people to their homes, several airlines resorted to grounding fleets, layoffs, and furloughs to shore up finances amidst COVID-19. Spanish airline Iberia recently expressed plans of downsizing its fleet and limiting the…
June 28, 2020
American Airlines to raise £2.83 billion in new financing to boost liquidity amidst COVID-19
As the Coronavirus cases continue to rise across the globe, several airlines are preparing for a prolonged impact of the health crisis on demand for air travel. Amidst the novel financial struggles, American Airlines Group (NASDAQ: AAL) revealed plans of securing new financing worth £2.83 billion to boost liquidity on…
June 22, 2020
Delta Air Lines records £491 million of pre-tax loss in the first quarter
The global airline industry has taken the hardest hit from the Coronavirus pandemic. In its announcement on Wednesday, Delta Air Lines (NYSE: DAL) said it saw a massive £491 million of pre-tax loss in the first quarter. The company also gave downbeat guidance for 2020’s spring as the health crisis…
April 22, 2020
Fitch Ratings downgrades Delta Air Lines to junk
As governments from across the globe continue to resort to lockdowns and restrict people to their homes to minimize the fast spread of COVID-19, the global travel industry has been brought to its knees. Airlines and aircraft manufacturers are currently facing unprecedented financial challenges due to the ongoing Coronavirus pandemic.Several…
April 10, 2020
Delta Stock Price Slides 2% As Buffett’s Berkshire Unloads Shares
Shares of Delta Air Lines (NYSE:DAL) trade around 2.5% lower in New York today after it was reported that Warren Buffett’s Berkshire Hathaway (NYSE:BRK) sold 18% of its stake in the airline.Fundamental analysis: Buffett unloads, revenue expected to plummetAccording to SEC filings, Berkshire reduced its stake in Delta by 18%…
April 6, 2020
American Airlines Group loses 7.9% on Friday to hit a record low in over 5 years
The Coronavirus restrictions have brought the global travel and tourism industry to a near halt. Naturally, the impact on worldwide airlines is the strongest. In recent news, American Airlines Group (NASDAQ:AAL) announced on Friday that its international capacity will be slashed by 60% in the summer that is known to…
April 4, 2020
Global stock indices under pressure as U.S Fed’s rate cut fails to calm financial markets
The U.S Federal Reserve took the drastic step of cuttingrates for the second time in March in an emergency meeting on Sunday to 0.25% in an attempt to tackle the economic impact of Coronavirus. As the strategy failed to calm the financial markets, UK’s benchmark FTSE 100 index…
March 16, 2020
Global airline stocks take a massive hit amidst rising cases of Coronavirus outside China
With the rising cases of Coronavirus outside China, even the reduced prices of fuel are failing to stir optimism in the travel and tourism across the globe. Amidst such complications, airline stocks saw a significant drop on Monday. At $25.45 per share in the stock market, American Airlines declined 8.5%…
February 25, 2020
Why I Wouldn’t Invest in These 3 Stocks Right Now
For the first time since August, major U.S. indexes closed the month in red. The benchmark S&P 500 index lost 0.16% in January despite the new all-time high of $3,337.8. The markets sold off heavily in the last day of January on coronavirus fears. Major U.S. airlines suspended or…
February 2, 2020
easyJet share price: Group in talks with Delta over Alitalia plan
Groups could run carrier with Italian state railway company
February 14, 2019
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