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Delta Deep Dive: Airline Resets Cost Structure For Long Term
Friday, April 24, 2020 - 2:17pm | 830The coronavirus is forcing airlines to throw out their strategic playbooks and reimagine their cost structure both for near-term survival and preparing for a future with fewer customers. The ability to quickly pivot and conduct scenario planning for completely new market conditions was one of the...
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Get Ready For The New, Slimmer Delta
Wednesday, April 22, 2020 - 7:08pm | 1015In a post-pandemic world, Delta Air Lines, Inc. (NYSE: DAL) will be significantly smaller, expand its definition of safety to include protecting customer and employee health, and take until mid-2023 to get to real growth again. "A recovery will be dictated by our customers feeling safe, both...
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Delta CEO Pledges 'Fully Carbon Neutral' Operation Within Weeks
Friday, February 14, 2020 - 12:49pm | 314Delta Air Lines, Inc. (NYSE: DAL) CEO Ed Bastian said on CNBC's "Squawk Box" the company will become "fully carbon neutral" as of March 1. What Happened Delta understands its business needs to do more than just take care of its customers, workers and shareholders. As of...
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Delta Air Lines CEO Talks 2020 Outlook, Wheels Up Stake: 'Demand Is Great'
Thursday, December 12, 2019 - 9:55am | 406Ahead of Delta Air Lines, Inc.'s (NYSE: DAL) investor day presentation, the airliner said it expects to earn $6.75 to $7.75 per share in 2020 and show revenue growth of 4% to 6%. Delta's Strength At Home 2019 was likely the best year in Delta's history, highlighted by last Sunday being...
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Delta's Mixed Earnings: CEO, Analysts Speak Up
Friday, October 11, 2019 - 11:25am | 586Delta Air Lines, Inc. (NYSE: DAL) shares took a hit Thursday following the company’s third-quarter earnings report. Despite beating consensus earnings numbers in the third quarter, Delta’s fourth-quarter guidance disappointed the market due to up to a 5% anticipated rise in costs. Delta...
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Delta CEO Details Q2 Records In CNBC Interview
Thursday, July 11, 2019 - 1:47pm | 379Delta Air Lines, Inc. (NYSE: DAL) reported Thursday second-quarter results, highlighted by a record quarterly profit of $2 billion, CEO Ed Bastian told CNBC's Phil LeBeau. What Happened Delta not only recorded its best June-ending quarter in history, but the single quarter profit is better than...
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Delta Air Lines CEO: 'Great Start' To New Year
Wednesday, April 10, 2019 - 8:40am | 396Delta Air Lines, Inc. (NYSE: DAL) on Wednesday reported first-quarter results that marked a "great start" to the new fiscal year, CEO Ed Bastian told CNBC. Delta's first-quarter adjusted earnings of 96 cents per share beat estimates by 7 cents. Sales of $10.4 billion were slightly...
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Delta CEO Talks Snacks, Free WiFi, Airline Trade Policy
Wednesday, November 15, 2017 - 5:50pm | 1063In a world of wars and walls, Delta Air Lines, Inc. (NYSE: DAL) claims a goal of unity. “Our mission is to make the world a smaller place,” CEO Ed Bastian said Wednesday at the Detroit Economic Club. “It’s something the world is pulling against, and we’ve got to lean...
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Airline Earnings Take Off With Delta's In-Line Report
Thursday, January 12, 2017 - 10:33am | 674Airline earnings season is upon us, and going by Delta Air Lines, Inc. (NYSE: DAL)'s results, the carriers may have had a smooth landing in 2016 despite the many challenges. Relief came in the form of lower fuel costs, which accounted for roughly 15 percent of the total operating expenses for Delta...
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Delta's CEO Talks Ongoing Battle Against Gulf Nations Airlines
Monday, May 2, 2016 - 10:48am | 343Ed Bastian, Chief Executive Officer of Delta Air Lines, Inc. (NYSE: DAL) discussed various challenges facing the airline industry with a particular focus on subsidies that Gulf countries provide to their flag carrier airlines. Speaking to Bloomberg's Erick Schatzker, Bastian said he has...
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Delta Air Lines Continues Higher Following Q4 Results
Tuesday, January 19, 2016 - 12:56pm | 368Delta Air Lines, Inc. (NYSE: DAL) reported fourth quarter results before the opening bell on Tuesday. The company earned $1.18 per share on revenue of $9.502 billion. Wall Street analysts were expecting the company to earn $1.19 per share on $9.61 billion. Despite a top and bottom line...