Delta Air Lines

Delta Posts $652M Profit on Surging Demand
Financial Performance

Delta Posts $652M Profit on Surging Demand

“We achieved significant milestones in the quarter including a solid pre-tax profit in the month of June."
By Matthew Heller | July 14, 2021
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Delta Posts Record Loss, Cuts Cash Burn
Financial Performance

Delta Posts Record Loss, Cuts Cash Burn

“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
By Matthew Heller | January 14, 2021
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Airlines Expect Turbulent 2021
Strategy

Airlines Expect Turbulent 2021

Last year's falloff erased two decades of passenger growth.
By Vincent Ryan | January 5, 2021
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GM Names Delta Executive Paul Jacobson as CFO
People

GM Names Delta Executive Paul Jacobson as CFO

“Jacobson is an important hire for GM as it enters into new ventures and continues to restructure its business operations toward all-electric vehicles."
By Matthew Heller | November 2, 2020
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Delta Reports Biggest Loss Since 2008
The Economy

Delta Reports Biggest Loss Since 2008

“We continue to believe that it will be more than two years before we see a sustainable recovery.”
By Lauren Muskett | July 14, 2020
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United Confronts Corona With $1B Stock Sale
Credit & Capital

United Confronts Corona With $1B Stock Sale

The secondary offering “is a highly unusual move for an established company that is losing buckets of money and reporting steep declines in its revenue."
By Matthew Heller | April 23, 2020
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Airlines Meet Deadline for Payroll Grant Program
Risk & Compliance

Airlines Meet Deadline for Payroll Grant Program

The $25 billion program is aimed at helping U.S. carriers weather the drastic drop in demand caused by the coronavirus crisis.
By Matthew Heller | April 3, 2020
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Delta Shares Fall After Lower Guidance
Financial Reporting

Delta Shares Fall After Lower Guidance

Other airlines also saw their shares decline amid fears of a global slowdown.
By William Sprouse | January 3, 2019
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U.S. Trade Panel Overturns Bombardier Tariffs
Risk & Compliance

U.S. Trade Panel Overturns Bombardier Tariffs

The International Trade Commission's ruling gives a surprise victory to Bombardier in a trade dispute with Boeing over its CSeries planes.
By Matthew Heller | January 26, 2018
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Delta Stock Soars 4.4% on Q4 Earnings Beat
Financial Performance

Delta Stock Soars 4.4% on Q4 Earnings Beat

"We enter 2018 with significant momentum and every entity delivering positive passenger unit revenue for the first time in five years."
By Matthew Heller | January 11, 2018
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Hurricanes to Cut $44M From JetBlue Revenue
Financial Performance

Hurricanes to Cut $44M From JetBlue Revenue

“The third quarter presented unprecedented weather challenges for JetBlue," impacting both revenue and operating income.
By Matthew Heller | October 11, 2017
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Profit Drop Clouds Delta’s 2.5% Revenue Rise
Financial Performance

Profit Drop Clouds Delta’s 2.5% Revenue Rise

The increase in the airline's passenger unit revenue for the second quarter broke a two-and-half-year losing streak.
By Matthew Heller | July 13, 2017
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Delta Sees Clearer Skies Ahead for Revenue
Financial Performance

Delta Sees Clearer Skies Ahead for Revenue

The airline forecasts passenger unit revenue will range from flat to a 2% increase in the first quarter of 2017, ending two years of quarterly declines.
By Matthew Heller | January 12, 2017
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Delta Reports $450 Million Loss on Fuel Hedge
Risk Management

Delta Reports $450 Million Loss on Fuel Hedge

The airline's latest hedging loss highlights the riskiness of the practice with fuel costs still below historical norms.
By Christopher Hosford | July 6, 2016
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Ex-Delta Trader Fined for Commodities Manipulation
Risk Management

Ex-Delta Trader Fined for Commodities Manipulation

The trader placed orders for personal profit ahead of trades intended for Delta, according to the CME Group.
By Matthew Heller | June 14, 2016
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