Delta Air Lines Reaffirms Q1 Outlook
(RTTNews) - Ahead of its presentation at the J.P. Morgan Industrials Conference on Tuesday, Delta Air Lines, Inc. (DAL) reaffirmed its outlook for the first quarter of fiscal 2023.
For the first quarter, the airline continues to project earnings in the range of $0.15 to $0.40 per share on revenue growth of 14 to 17 percent from the first quarter of fiscal 2019. This implies revenues between $12.9 billion and $13.2 billion, based on revenues of $10.47 billion reported in the first quarter of fiscal 2019.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.33 per share on revenues of $12.05 billion for the quarter. Analysts' estimates typically exclude special items.
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FAA To Probe Delta Flight's Cabin Pressure Injuries
The Federal Aviation Administration or FAA is investigating the pressurization issues on a Delta Air Lines flight, which caused injuries to some of its passengers, reports said. The airline, meanwhile, apologized to its passengers, who experienced bleeding from the ear and nose. The Delta Flight 1203, which was traveling from Salt Lake City International Airport on Sunday with 140 passengers...
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Delta Sees $380 Mln Revenue Hit From Microsoft-CrowdStrike Outage
Delta Air Lines, Inc. estimates the massive IT outage caused by Microsoft Corp. - CrowdStrike Holdings, Inc. and related impacts, including more than 7000 flight cancellations, would hurt the airline direct revenue of around $380 million. In a filing with the U.S. Securities And Exchange Commission, Ed Bastian, Delta's Chief Executive Officer, said that company is pursuing legal claims...
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US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China
Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
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Delta Q1 Loss Narrows; Sees Q2 Earnings Above Market, Backs FY23 View
Delta Air Lines, Inc. reported Thursday narrower net loss in its first quarter with strong growth in revenues. Adjusted earnings missed market estimates. Further, the company issued second-quarter outlook, expecting earnings above market with strong revenues, and also reiterated fiscal 2023 view. In pre-market activity on Nasdaq, the shares were gaining around 4 percent.
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Delta Air Lines Guides FY23 EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter and fiscal 2022 on Friday, Delta Air Lines, Inc. (DAL) provided earnings and total revenue guidance for the first quarter and the full-year 2023.
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Delta To Offer Free Wi-Fi Starting Feb. 1
Delta Air Lines, Inc. said it will offer fast, free Wi-Fi to all customers on board most domestic mainline flights beginning February 1, in partnership with telecom major T-Mobile. The airline also announced plans to bring free Wi-Fi on international and regional aircraft by the end of 2024.
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Delta To Resume Flights From Los Angeles To Tokyo
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan.
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Delta Air Lines Orders 100 737-10s With Options For 30 More
Boeing (BA) and Delta Air Lines (DAL) announced Monday that the U.S. carrier will modernize its single-aisle fleet with the highly efficient 737 MAX to meet demand as well as its long-term sustainability goals.
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