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 |
|---|---|---|---|
| 11/15/2024 | $83.00 | Buy | Goldman |
| 11/12/2024 | $59.00 → $75.00 | Buy | TD Cowen |
| 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 |
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
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
Delivering industry-leading operational and financial performance year-to-date Expect record December quarter revenue and an 11% - 13% operating margin, expanding over prior year Generating strong Return on Invested Capital, exceeding cost of capital by 5 points Upgraded to investment grade credit rating by Fitch, recognizing continued progression on debt reduction ATLANTA, Oct. 10, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September quarter and provided its outlook for the December quarter. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.
ATLANTA, Sept. 24, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its September quarter 2024 financial results at 10 a.m. EDT, Thursday, October 10, 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-september-quarter-2024-financial-results-302257070.html SOURCE Delta Air Lines
ATLANTA, Sept. 19, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share. The dividend is payable to shareholders of record as of the close of business on October 10, 2024, and will be paid on October 31, 2024. About Delta 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 people leading the way to deliver a world-class customer experience on over 4,000 daily flights to mor
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
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Goldman resumed coverage of Delta Air Lines with a rating of Buy and set a new price target of $83.00
TD Cowen reiterated coverage of Delta Air Lines with a rating of Buy and set a new price target of $75.00 from $59.00 previously
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
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Capitalizing on strength of Delta's brand and 15 years of consistent strategy, investment, and strong execution Delivering sustained value creation through margin expansion, durable earnings and free cash flow, and balance sheet strength NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) will highlight the company's strategic priorities and long-term financial commitments in a presentation to the investment community today in New York. "As we approach our Centennial, Delta's industry leadership and enduring competitive advantages are stronger than ever, powere
UATP's annual conference attracts travel industry leaders and global airlines, speaking and sponsorship opportunities available WASHINGTON, Nov. 14, 2024 /PRNewswire/ -- UATP, the global network simplifying payments and the annual host of Airline Distribution®, has opened registration for next year's conference. All those interested in attending can register here. Airline Distribution® 2025 will take place 18-20 March 2025, at the Anantara New York Palace Budapest Hotel in Budapest, Hungary. It is UATP's annual interactive conference that focuses on critical issues impacting t
ATLANTA, Oct. 30, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a webcast for its 2024 Investor Day at 8:30 a.m. ET, Wednesday, November 20, 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-for-2024-investor-day-302290668.html SOURCE Delta Air Lines
Ed Bastian, Delta CEO, to celebrate the airline's Centennial with a look at what's next for travel through the power of technology and human connection ARLINGTON, Va., Oct. 22, 2024 /PRNewswire/ -- The Consumer Technology Association (CTA)® welcomes back Ed Bastian, CEO of Delta, as a keynote speaker for CES® 2025. On stage at Sphere, the next-generation entertainment medium that is redefining live experiences, Bastian will take the audience on an immersive journey highlighting Delta's vision for using technology to enrich human experiences. This will mark the first CES keynote ever hosted at the groundbreaking venue.
Delivering industry-leading operational and financial performance year-to-date Expect record December quarter revenue and an 11% - 13% operating margin, expanding over prior year Generating strong Return on Invested Capital, exceeding cost of capital by 5 points Upgraded to investment grade credit rating by Fitch, recognizing continued progression on debt reduction ATLANTA, Oct. 10, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September quarter and provided its outlook for the December quarter. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.
Partnership with Europe-focused BNPL leader increases the range of alternative forms of payment available to UATP Merchants WASHINGTON, Oct. 9, 2024 /PRNewswire/ -- UATP, the global network that enables organizations to simplify payment processes to expand their capabilities, has added installment payments innovator Floa as a new option for merchants. The partnership, slated to go live in Q4, will open up Floa well-established Buy Now Pay Later (BNPL) payment solutions, to UATP's Network. Floa BNPL solutions are a flexible form of short-term financing that allows consumers t
ATLANTA, Sept. 24, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its September quarter 2024 financial results at 10 a.m. EDT, Thursday, October 10, 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-september-quarter-2024-financial-results-302257070.html SOURCE Delta Air Lines
ATLANTA, Sept. 19, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share. The dividend is payable to shareholders of record as of the close of business on October 10, 2024, and will be paid on October 31, 2024. About Delta 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 people leading the way to deliver a world-class customer experience on over 4,000 daily flights to mor
UATP's annual conference attracts travel industry leaders and global airlines, speaking and sponsorship opportunities available WASHINGTON, Sept. 17, 2024 /PRNewswire/ -- UATP, the global network that enables organizations to simplify payment processes to expand their capabilities and annual host of Airline Distribution®, has announced the date and location of next year's conference. Airline Distribution 2025 will take place on March 18-20, 2025, at the Anantara New York Palace Budapest Hotel in Budapest, Hungary. Registration will open soon. Airline Distribution is UATP's ann
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
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