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 planes on schedule because of disruptions at engine and aircraft makers. The full-year profit fell short of pre-pandemic 2019, when Atlanta-based Delta earned $4.77 billion, but it was enough to buy more planes. Delta doesn’t have any Max jets, but it has committed to buy 100 of the larger Boeing 737 Max 10, a plane that has not yet been certified by the Federal Aviation Administration.

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History of this topic

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 …

Airline industry to record a profit of $1 trillion in 2024
6 months, 3 weeks ago

Airline industry to record a profit of $1 trillion in 2024

The Hindu  

The global airline industry is expected to record a profit of $1 trillion for the year 2024 as it marks its recovery from the Covid-19 pandemic, according to the International Association of Air Transport Association. “Aviation has recovered from the pandemic and is growing profitably,” Willie Walsh, Director General of IATA, said at its 80th Annual General Meeting being held …

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
8 months, 2 weeks 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 …

Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million
10 months, 4 weeks ago

Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million

Associated Press  

DALLAS — Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline’s planned growth. “Until this incident, we were happy with the Max,” said CEO Ben Minicucci, “but we are going to hold Boeing’s feet to the fire to make sure that we get …

Delta Corp shares rally over 4% after Q2 results
1 year, 2 months ago

Delta Corp shares rally over 4% after Q2 results

Live Mint  

Delta Corp share price rallied over 4% Thursday after the company reported its results for the second quarter ending September 2023. Delta Corp, the casino operator, on Wednesday reported a 1.68% rise in its Q2FY24 net profit to ₹69.4 crore from ₹68.25 crore in a year ago period. The gaming company received show cause notices from the GST department for …

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 …

Boeing orders rise to 4-year high but still trail Airbus
1 year, 11 months ago

Boeing orders rise to 4-year high but still trail Airbus

Associated Press  

Boeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but it failed again to catch up with European manufacturer Airbus in orders and aircraft deliveries. And Boeing scored more widebody orders last year — Airbus wound up with more cancellations than new sales for its biggest planes. Boeing’s 2022 results …

Delta says it’s investing $60 million in air taxi developer
2 years, 2 months ago

Delta says it’s investing $60 million in air taxi developer

Associated Press  

ATLANTA — Delta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones. Current designs for electric air …

American Airlines earns $476 million on record revenue in 2Q
2 years, 5 months ago

American Airlines earns $476 million on record revenue in 2Q

Associated Press  

DALLAS — American Airlines earned $476 million in the second quarter on record revenue from summer travelers and said Thursday that it expects to remain profitable in the third quarter. Gatten said Heathrow officials told American “on extremely short notice” last week to cancel departing flights to help the airport manage overcrowding. Air travel in the U.S. has returned to …

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 …

After 2 years of pandemic losses, a record profit for Airbus
2 years, 10 months ago

After 2 years of pandemic losses, a record profit for Airbus

Associated Press  

AMSTERDAM — Airbus booked a record profit of 4.2 billion euros last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It’s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros for Airbus last year. CEO Guillaume Faury said “2021 was a year of transition, where our …

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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