Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,100 aircraft. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: delta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/17/2024 | $61.00 → $59.00 | Buy | TD Cowen |
| 7/2/2024 | $55.00 → $61.00 | Buy | TD Cowen |
| 3/20/2024 | $59.00 | Buy | UBS |
| 3/7/2023 | $40.00 → $47.00 | In-line → Outperform | Evercore ISI |
| 2/8/2023 | $55.00 | Neutral → Buy | Redburn |
| 1/5/2023 | $39.00 | Hold → Buy | Argus |
| 12/16/2022 | $40.00 | Buy | Goldman |
| 12/15/2022 | $50.00 → $40.00 | Outperform → In-line | Evercore ISI |
| 10/14/2022 | $54.00 | Market Perform → Outperform | Cowen |
| 7/15/2022 | Buy → Hold | Argus |
Two airline companies will report quarterly financial results Thursday, before market open. The results and comments on the Microsoft Outage could impact the entire airline sector going forward. Microsoft Outage: An update from CrowdStrike Holdings (NASDAQ:CRWD) caused chaos for Microsoft Corporation (NASDAQ:MSFT) cloud services and products used by corporations across various sectors from Friday, July 19 onward. The airline sector was one of the areas hardest hit, with thousands of planes grounded and millions of customers unable to travel on their scheduled flights. The outage will likely be a key topic when both American Airlines Group (NASDAQ:AAL) and Southwest Airlines Co (NYSE
Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) has acknowledged that a bug in its safety mechanism caused last week's massive global IT outages. The issue stemmed from a flawed data update that led to widespread disruptions, affecting Microsoft Corp's (NASDAQ:MSFT) Windows systems worldwide, reported Bloomberg. This incident impacted crucial operations in airlines, banking, and stock exchanges across multiple countries. Systems were compromised for hours, leaving bankers in Hong Kong, doctors in the U.K., and emergency responders in New Hampshire unable to access vital programs. Microsoft stated that over 8.5 million Windows users were affected. Although fixes were dep
- AP News
Delta Air Lines Inc (NYSE:DAL) is about to face significant financial repercussions this quarter due to a recent system failure that resulted in thousands of flight cancellations and triggered a federal investigation into the airline’s response. Citigroup Inc (NYSE:C) reduced its estimates for Delta's third-quarter adjusted earnings by 60 cents per share to $1.37, citing increased operational expenses and potential customer compensation costs, reported Bloomberg. Analyst Stephen Trent also cut two profit metrics by approximately $500 million each. The financial setback adds to Delta’s woes as flight disruptions start to subside. Delta CEO Ed Bastian stated on Wednesday cancellations
Delta Air Lines (NYSE:DAL) CEO Ed Bastian said the airline will need two more days to fully recover from a global cyber outage that has significantly disrupted its operations. The outage, which began on Friday, has canceled over 4,000 flights and left thousands of passengers stranded, Reuters reports. The outage severely affected Delta Airlines, with over 800 flights canceled on Monday alone, representing about 21% of its scheduled flights for the day. Reuters reported that other major U.S. airlines have seen their disruptions largely subside. A software update by cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) caused system issues for Microsoft Corp (NASDAQ:MSFT) custo
Delta Air Lines, Inc. (NYSE:DAL) shares are on watch Tuesday. The U.S. Department of Transportation has opened an investigation into Delta Air Lines over ongoing flight disruptions. The Details: Transportation Secretary Pete Buttigieg announced the investigation Tuesday in a post on X. "@USDOT has opened an investigation into Delta Air Lines to ensure the airline is following the law and taking care of its passengers during continued widespread disruptions. All airline passengers have the right to be treated fairly, and I will make sure that right is upheld," Buttigieg wrote. "While you should first try to resolve issues directly with the airline, we want to hear from passenger
Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:DAL) as his stock pick on CNBC's “Halftime Report Final Trades.” Shares of Delta Air Lines fell around 3.5% on Monday after the legacy carrier canceled more than 600 flights on Monday, as it struggled to recover from a global cyber outage that impacted operations last week. On July 11, Delta Air Lines posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook. The company reported quarterly earnings of $2.36 per share which missed the analyst consensus estimate of $2.37 per share. The company reported quarterly sales of $16.658 billion which beat the analyst consensus esti
- Reuters
- Bloomberg
The airline sector was one of the hardest hit by the Microsoft Outage and CrowdStrike (NASDAQ:CRWD) issue on Friday. While the issues have subsided in recent days, one airline may demonstrate its resilience and ability to avoid the outages that impacted its competitors. What Happened: An update by CrowdStrike impacted industries and companies using Microsoft Corporation (NASDAQ:MSFT) software and cloud services on Friday. The airline sector was hit particularly hard with Delta Air Lines (NYSE:DAL), United Airline Holdings (NASDAQ:UAL) and American Airlines Group (NASDAQ:AAL) all suffering outages and grounded flights due to the technology issues. Southwest Airlines (NYSE:LUV) was
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The partnership brings together a globally recognized BNPL provider with the most trusted name in travel payments WASHINGTON, Sept. 10, 2024 /PRNewswire/ -- UATP, the global payment network that enables organizations to simplify payment processes and expand their payment capabilities, has announced a new partnership with Klarna, the AI-powered global payments network. The partnership allows airlines to offer Klarna's flexible payment services, including interest-free Buy Now Pay Later, providing customers with more flexible payment options for travel products and services. UA
ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will participate in a fireside chat at the Morgan Stanley Laguna Conference at 10 a.m. EDT / 7 a.m. PDT on Thursday, September 12th, 2024. A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete. About Delta No one better connects the world Through exceptional service and the power of innovation, Delta Air Lines (NYSE:DAL) never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta pe
Travel agencies utilising the company's W2 ticketing solution can now benefit from a more efficient, cost-effective payment solution to book airline tickets across the globe. WASHINGTON, Aug. 27, 2024 /PRNewswire/ -- GO7, a travel technology company dedicated to empowering travel brands, has partnered with UATP to improve payment options for travel agencies using its W2 ticketing solution. W2, a key part of GO7's solution suite, acts as the Airline Distribution provider, helping airlines generate additional revenue, resulting from global exposure and/or enhanced physical network. This collaboration allows travel agencies to easily use W2 e-Payment as a form of payment. W2 by GO7 is your glob
WASHINGTON, Aug. 13, 2024 /PRNewswire/ -- UATP, the global payment network that enables organizations to simplify payment processes and expand their payment capabilities, today announced a new strategic partnership with Book on Wego (BOW), Wego's premier Online Travel Agency (OTA) platform. Through this partnership, BOW will extend the benefits of Wego's global footprint to a broader range of airlines and travel suppliers, ensuring seamless and secure transactions worldwide, thereby increasing efficiency. "We are committed to helping companies navigate the complexities of trav
NEW YORK, Aug. 5, 2024 /PRNewswire/ -- CLEAR Secure, Inc. (NYSE:YOU), ("CLEAR ", or "The Company"), the secure identity company, announced the repurchase of 4,000,000 shares of Class A Common Stock in the third quarter of 2024 pursuant to a block share purchase agreement with Delta Air Lines, Inc. ("Delta") (NYSE:DAL). Delta continues to own 4,277,958 shares of CLEAR's Class C Common Stock. "CLEAR is an important partner whose technology enhances the travel experience for Delta's customers," said Ranjan Goswami, Delta's Senior Vice President, Consumer Experiences. "We look for
Delivered industry-leading operational performance, underpinning trusted brand and customer loyalty Record June quarter revenue with mid-teens operating margin and strong cash generation Continued debt repayment, progressing balance sheet toward investment grade metrics Announced a 50 percent increase to dividend payment beginning in September quarter Reiterating full year guide for EPS of $6 to $7 and free cash flow of $3 to $4 billion ATLANTA, July 11, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial results for the June quarter and provided its outlook for the September quarter. Highlights of the June quarter, including both GAAP and adjusted metrics, are on page
ATLANTA, June 27, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its June quarter 2024 financial results at 10 a.m. EDT, Thursday, July 11, 2024. A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-june-quarter-2024-financial-results-302183745.html SOURCE Delta Air Lines
ATLANTA, June 20, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share, an increase of 50% over previous levels. The dividend is payable to shareholders of record as of the close of business on July 30, 2024, and will be paid on August 20, 2024. About Delta Through the warmth and service of Delta Air Lines (NYSE:DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class
ATLANTA, April 26, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE: DAL) board of directors today announced Maria Black and Willie CW Chiang as its newest members. Ms. Black is the President and Chief Executive Officer of Automatic Data Processing, Inc., a leading global technology company providing human capital management (HCM) solutions. Mr. Chiang is the Chairman and Chief Executive Officer of Plains All American Pipeline, L.P., and its general partner holding company Plains GP Holdings, L.P. PAA is a publicly traded master limited partnership that owns and operates midstream
ATLANTA, April 25, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on May 14, 2024, and will be paid on June 4, 2024. About Delta Through the warmth and service of Delta Air Lines (NYSE:DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on over 4,000 daily fli
Air France - KLM group, Delta Air Lines, and Virgin Atlantic Join Forces to Improve ESG Performance Across Their Value Chains Air France-KLM, Delta Air Lines and Virgin Atlantic today announced the launch of the Sustainable Airlines Initiative (SAI) in partnership with EcoVadis. Driven by members' commitment to improve sustainability performance, the SAI will work to accelerate sustainable practices through close collaboration with trading partners to build transparency and scale positive impact across their value chains. "Commercial aviation is critical for our economies and a conduit for connecting billions of people. The environmental and social crisis the planet is facing has elevat
Floor & Decor Holdings, Inc. (NYSE:FND) announced today that Dwight James, Senior Vice President – Customer Engagement & Loyalty for Delta Air Lines (NYSE:DAL), and CEO of Delta Vacations, has been appointed to Floor & Decor's Board of Directors, effective September 30, 2021. Floor & Decor also announced that David Kaplan, Co-Founder of Ares Management Corporation, resigned from its Board of Directors, effective September 30, 2021. David remarked, "I am proud to have been part of Floor & Decor's remarkable growth over the last decade and thankful for the partnership I have enjoyed with the entire management team. I believe that the future is very bright for Floor & Decor and that the Board
TD Cowen reiterated coverage of Delta Air Lines with a rating of Buy and set a new price target of $59.00 from $61.00 previously
TD Cowen reiterated coverage of Delta Air Lines with a rating of Buy and set a new price target of $61.00 from $55.00 previously
UBS initiated coverage of Delta Air Lines with a rating of Buy and set a new price target of $59.00
Evercore ISI upgraded Delta Air Lines from In-line to Outperform and set a new price target of $47.00 from $40.00 previously
Redburn upgraded Delta Air Lines from Neutral to Buy and set a new price target of $55.00
Argus upgraded Delta Air Lines from Hold to Buy and set a new price target of $39.00
Goldman resumed coverage of Delta Air Lines with a rating of Buy and set a new price target of $40.00
Evercore ISI downgraded Delta Air Lines from Outperform to In-line and set a new price target of $40.00 from $50.00 previously
Cowen upgraded Delta Air Lines from Market Perform to Outperform and set a new price target of $54.00
Argus downgraded Delta Air Lines from Buy to Hold
Delivered industry-leading operational performance, underpinning trusted brand and customer loyalty Record June quarter revenue with mid-teens operating margin and strong cash generation Continued debt repayment, progressing balance sheet toward investment grade metrics Announced a 50 percent increase to dividend payment beginning in September quarter Reiterating full year guide for EPS of $6 to $7 and free cash flow of $3 to $4 billion ATLANTA, July 11, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial results for the June quarter and provided its outlook for the September quarter. Highlights of the June quarter, including both GAAP and adjusted metrics, are on page
ATLANTA, June 27, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its June quarter 2024 financial results at 10 a.m. EDT, Thursday, July 11, 2024. A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-june-quarter-2024-financial-results-302183745.html SOURCE Delta Air Lines
ATLANTA, June 20, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share, an increase of 50% over previous levels. The dividend is payable to shareholders of record as of the close of business on July 30, 2024, and will be paid on August 20, 2024. About Delta Through the warmth and service of Delta Air Lines (NYSE:DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class
ATLANTA, April 25, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on May 14, 2024, and will be paid on June 4, 2024. About Delta Through the warmth and service of Delta Air Lines (NYSE:DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on over 4,000 daily fli
Delivered industry-leading operational performance, record March quarter completion factor March quarter revenue and earnings at the high end of guidance Expect record June quarter revenue, mid-teens operating margin, and EPS of $2.20 to $2.50 Reiterating 2024 outlook for EPS of $6 to $7 and free cash flow of $3 to $4 billion ATLANTA, April 10, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial results for the March quarter and provided its outlook for the June quarter. Highlights of the March quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.
ATLANTA, March 27, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its March quarter 2024 financial results at 10 a.m. EDT, Wednesday, April 10, 2024. A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-march-quarter-2024-financial-results-302099761.html SOURCE Delta Air Lines
ATLANTA, Feb. 8, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on Feb. 26, 2024, and will be paid on March 18, 2024. About Delta No one better connects the world Through the warmth and service of Delta Air Lines (NYSE:DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. 100,000 Delta people lead the way in delivering a world-class customer experience
Delivered industry-leading operational performance and financial results in December quarter Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022 Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023 Expect record March quarter revenue on improving domestic environment and continued strength in international demand, with solid profitability ATLANTA, Jan. 12, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial results for the December quarter and full year 2023 and provided its outlook for the March quarter and full year 2024. Highlights of the December quarter and full year 2023,
ATLANTA, Dec. 29, 2023 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its December quarter and full year 2023 financial results at 10 a.m. EST, Friday, Jan. 12, 2024. A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-december-quarter-and-full-year-2023-financial-results-302022388.html SOURCE De
Record September quarter revenue with earnings growth of over 30 percent year-over-year Expect full year adjusted revenue growth of 20 percent over 2022 with a double-digit operating margin Guiding full year adjusted EPS of $6.00 - $6.25 and free cash flow of $2 billion Balance sheet progressing toward investment grade metrics with S&P rating upgraded to BB+ ATLANTA, Oct. 12, 2023 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) today reported financial results for the September quarter and provided its outlook for the December quarter 2023. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.