Delta Air Lines
Delta Posts Record Loss, Cuts Cash Burn
“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
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."
Delta Reports Biggest Loss Since 2008
“We continue to believe that it will be more than two years before we see a sustainable recovery.”
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."
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.
Delta Shares Fall After Lower Guidance
Other airlines also saw their shares decline amid fears of a global slowdown.
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.
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."
Hurricanes to Cut $44M From JetBlue Revenue
“The third quarter presented unprecedented weather challenges for JetBlue," impacting both revenue and operating income.
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.