Delta loses $940 million in Q1, but bookings, revenue, surge
2 years, 8 months ago

Delta loses $940 million in Q1, but bookings, revenue, surge

Associated Press  

Delta Air Lines lost $940 million in the first quarter, hurt by a rise in fuel prices, but bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them. “We are getting a strong indication that the predeparture testing will be phased out in the near future, which of course is quite encouraging,” said Peter Carter, Delta’s chief legal officer. “I may choose to wear a mask once in a while.” In the first quarter, Delta said its loss, excluding special items, worked out to $1.23 per share. Delta was the first U.S. carrier to post first-quarter numbers, and Baker said its report “bodes exceptionally well” for other airlines this earnings season. Peter McNally, an analyst for business researcher Third Bridge, said “Delta is delivering a confident message ahead of the busy summer travel season, which is expected to be the busiest in three years, and the company should return to full profitability.” Like other airlines, Delta has added debt during the pandemic by borrowing from the federal government and private sources.

Travel Fuel Quarter United Delta Jet Fuel Fuel Prices  rise  revenue  delta  quarter  inflation  fuel  bookings  loses  travel  prices  wear  loss  q1  surge  masks  million  940

History of this topic

Delta CEO says airline is facing $500 million in costs from global tech outage
4 months, 3 weeks ago

Delta CEO says airline is facing $500 million in costs from global tech outage

LA Times  

Passengers wait in line for assistance at the Delta terminal on July 19 at Logan International Airport in Boston. Delta Chief Executive Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown that happened earlier this month. Delta Air Lines Chief Executive Ed Bastian says the airline is facing $500 million in costs related …

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion
5 months, 1 week ago

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion

Associated Press  

Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry. Delta doesn’t disclose average fares, but passengers paid 2% less per mile in the second quarter, and there were a couple more empty seats on the average …

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
8 months, 1 week ago

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Associated Press  

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner in flight to a tire falling off another plane during takeoff. Peter Carter, an executive vice president …

Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings
11 months, 1 week ago

Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings

Associated Press  

Delta Air Lines earned $2 billion in the fourth quarter, posted record full-year revenue, and says it is buying more planes to boost its international flying. That tells us it’s going to be a very good year, 2024.” Bastian said, however, he was concerned about higher maintenance costs, which he blamed on supply-chain disruptions, and an inability to receive new …

Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planes
1 year, 5 months ago

Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planes

Associated Press  

Delta Air Lines soared to a record quarterly profit of more than $1.8 billion as summer vacationers packed planes, especially to international destinations, and the airline enjoyed a tailwind from falling fuel prices. Savanthi Syth, an airline analyst for Raymond James, said Delta’s comments are positive for rivals American and United, which also get a large chunk of revenue from …

Holiday payoff: Delta Air Lines posts $828M profit in 4Q
1 year, 11 months ago

Holiday payoff: Delta Air Lines posts $828M profit in 4Q

Associated Press  

Delta Air Lines said Friday that it earned $828 million in the fourth quarter and that consumers are still snapping up flights and making purchases with their airline-branded credit cards. Delta’s report came a day after American Airlines delivered a rosy update on its fourth quarter, saying that rising revenue would push earnings per share to nearly double the amount …

Delta loses $408 million; 8,000 employees hit with infection
2 years, 11 months ago

Delta loses $408 million; 8,000 employees hit with infection

Live Mint  

Delta Air Lines lost $408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted Thursday that it will suffer one more quarterly loss before travel perks up in spring and summer. We need confidence in travel returning once the virus recedes.” Delta expects omicron infections to …

Delta returns to profitability but soaring fuel prices could bring new losses
3 years, 2 months ago

Delta returns to profitability but soaring fuel prices could bring new losses

CNN  

New York CNN Business — Delta reported a quarterly operating profit in the third quarter, the first major US passenger airline to post a profit since the start of the pandemic. That’s down from $1.5 billion it earned in the quarter in 2019, the year before pandemic uprooted air travel around the globe. Delta paid an average of $1.94 a …

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