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Delta Air Lines Inc (DAL.N)

DAL.N on New York Stock Exchange

47.83USD
15 Jan 2019
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$0.08 (+0.17%)
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Latest Key Developments (Source: Significant Developments)

Delta Air Says A220 Start Date Likely To Be Pushed Back Due To Certification Delays
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Airbus SE ::DELTA AIR LINES SAYS AIRBUS A220 START DATE IS LIKELY TO BE PUSHED BACK DUE TO THE GOVERNMENT. SHUTDOWN - CONF CALL.DELTA AIR LINES SAYS ASSUMING A MODEST REDUCTION IN GLOBAL ECONOMIC GROWTH RATES FOR 2019 - CONF CALL.DELTA AIR LINES SAYS REVENUES TO CHINA GREW 27 PERCENT IN Q4, AND IS EXPECTED TO GROW AT A SIMILAR LEVEL IN Q1- CONF CALL.DELTA AIR LINES SAYS DELAYS IN THE CERTIFICATION PROCESS ALSO HAMPERING CO’S ABILITY TO PUT 7 OTHER NEW AIRCRAFT DELIVERIES INTO SERVICE - CONF CALL.DELTA AIR LINES SAYS JANUARY TRAFFIC AND YIELDS WILL SEE A RETURN TO PRE-HOLIDAY LEVELS AND DEMAND IS BACK ON PLAN - CONF CALL.DELTA AIR LINES SAYS LEISURE AND CORPORATE DEMAND REMAIN HEALTHY WITH STRONG BOOKINGS FOR THE UPCOMING MLK AND PRESIDENTS DAY HOLIDAYS AS WELL AS THE SPRING BREAK PERIOD.DELTA AIR LINES SAYS IN CO’S MOST RECENT SURVEY, 90 PERCENT OF TRAVEL MANAGERS EXPECTED TO MAINTAIN OR INCREASE THEIR TRAVEL SPEND INTO 2019.DELTA AIR LINES SAYS EXPECTS TO PRODUCE ABOUT $8 BILLION IN OPERATING CASH FLOW IN 2019, AND FREE CASH FLOW OF $3 BILLION TO $4 BILLION.DELTA AIR LINES SAYS EXPECTS CAPITAL SPENDING OF ROUGHLY $1.3 BILLION IN Q1, AS CO TAKES DELIVERY OF 29 AIRCRAFT.DELTA AIR LINES SAYS CO HASN’T SEEN WEAKNESS IN DOMESTIC MARKET; SAYS EVENTUALLY, AIRLINES WILL FACE A RECESSIONARY OR CONTRACTIONARY ENVIRONMENT, AND DELTA IS PLANNING FOR IT.DELTA AIR LINES SAYS SEEING SOME VOLUME PRESSURE IN THE CARGO BUSINESS.  Full Article

Delta Air Lines CEO Edward Bastian Says "Still Anticipate Revenue To Grow 5 Percent In The Year" - CNBC Interview
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - :DELTA AIR LINES CEO EDWARD BASTIAN SAYS "STILL ANTICIPATE REVENUE TO GROW 5 PERCENT IN THE YEAR" - CNBC INTERVIEW.DELTA AIR LINES CEO SAYS SEEING REDUCTION OF REVENUES IN THE MONTH OF JANUARY DUE TO THE SHUTDOWN.DELTA AIR LINES CEO BASTIAN SAYS CERTIFICATION DELAYS WITH GETTING OUR AIRCRAFT INSPECTED DUE TO SHUTDOWN.DELTA AIR LINES CEO SAYS PARTIAL U.S. GOVERNMENT SHUTDOWN WILL COST DELTA AIR LINES $25 MILLION IN LOST REVENUE THIS MONTH - CNBC.  Full Article

Delta Air Lines Reports Quarterly GAAP EPS Of $1.49
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Delta Air Lines Inc ::SAYS QTRLY GAAP EARNINGS PER SHARE $1.49.SAYS QTRLY ADJUSTED EARNINGS PER SHARE $1.30.SAYS ADJUSTED OPERATING REVENUE $10.7 BILLION FOR DEC QUARTER, UP 7.5 PERCENT.SEES Q1 EARNINGS PER SHARE $0.70 - $0.90.SEES Q1 PRE-TAX MARGIN 6.5% - 8.5%.SEES Q1 FUEL PRICE, INCLUDING TAXES, SETTLED HEDGES AND REFINERY IMPACT $1.95 - $2.05.QTRLY TOTAL UNIT REVENUE EXCLUDING REFINERY SALES (TRASM, ADJUSTED) UP 3.2 PERCENT.SEES Q1 ADJUSTED TRASM FLAT TO UP 2 PERCENT.SEES Q1 SYSTEM CAPACITY UP ABOUT 4 PERCENT.SEES Q1 CASM EXCLUDING FUEL AND PROFIT SHARING UP 1 PERCENT - 2 PERCENT.SAYS "AS WE MOVE INTO 2019, WE EXPECT TO DRIVE DOUBLE-DIGIT EARNINGS GROWTH THROUGH HIGHER REVENUES".SAYS REMAIN CONFIDENT IN FY 2019 EARNINGS GUIDANCE OF $6 TO $7 PER SHARE.SEES Q1 ADJUSTED UNIT REVENUE GROWTH FLAT-UP 2% WITH IMPACTS FROM EASTER TIMING, INCREASING CURRENCY HEADWINDS, ONGOING GOVERNMENT SHUTDOWN.  Full Article

Delta Air Lines Says Co Recognized About $90 Mln Gain In Non-Operating Expense In Dec Qtr Related To DAL Global Services Transaction
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Delta Air Lines Inc ::DELTA AIR LINES INC - RELATED TO DAL GLOBAL SERVICES TRANSACTION, RECOGNIZED ABOUT $90 MILLION GAIN IN NON-OPERATING EXPENSE IN DEC QUARTER.  Full Article

Delta Extends Airbus A220 Order Book To 90 Total Aircraft
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Delta Air Lines Inc ::DELTA EXTENDS AIRBUS A220 ORDER BOOK TO 90 TOTAL AIRCRAFT.DELTA AIR LINES SAYS REACHED AN AGREEMENT WITH AIRBUS TO EXTEND ITS ORDER BOOK OF A220 BY 15 AIRCRAFT.DELTA AIR LINES SAYS ANTICIPATES TAKING FIRST DELIVERY OF A220-300 IN 2020.DELTA AIR LINES SAYS EXPECTS ALL 90 A220 AIRCRAFT TO BE DELIVERED BY THE END OF 2023.  Full Article

Delta Air Lines Says Launching New Service To Hilton Head Island, South Carolina Beginning This Spring
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Delta Air Lines Inc ::DELTA AIR LINES SAYS LAUNCHING NEW SERVICE TO HILTON HEAD ISLAND, SOUTH CAROLINA BEGINNING THIS SPRING.  Full Article

Delta says To Begin Nonstop Service Between Minneapolis/St. Paul And Mexico City
Monday, 17 Dec 2018 

Dec 17 (Reuters) - DELTA AIR LINES INC::DELTA TO BEGIN NEW NONSTOP SERVICE IN JUNE 2019 BETWEEN MINNEAPOLIS/ST. PAUL AND MEXICO CITY IN PARTNERSHIP WITH AEROMEXICO.  Full Article

Delta Air Lines Continues To Expect Dec. Quarter Unit Revenue Growth Of About 3.5%
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Delta Air Lines Inc ::DELTA AIR LINES - CONTINUE TO EXPECT DEC. QUARTER UNIT REVENUE GROWTH OF ABOUT 3.5% WITH ABOUT 7.5% INCREASE IN TOP LINE, EXCLUDING. THIRD-PARTY REFINERY SALES.DELTA AIR LINES - FOR DEC. QUARTER, SEES CORPORATE REVENUE UP HIGH SINGLE-DIGITS ON BOTH YIELD AND VOLUME GAINS.DELTA AIR LINES - SEES "SOLID REVENUE MOMENTUM CONTINUING INTO 2019" - PRESENTATION.DELTA AIR LINES - FOR 2019, SEES "SOLID DEMAND" FOR AIR TRAVEL DESPITE SLIGHT DECELERATION IN GLOBAL GDP.DELTA AIR LINES - SEES AVERAGE SEATS/AIRCRAFT INCREASING BY 2 PERCENT ANNUALLY BETWEEN 2018 AND 2023, WITH PREMIUM SEATS UP 40 PERCENT/AIRCRAFT.DELTA AIR LINES - COMMITTED TO RETURNING 70 PERCENT OF FREE CASH FLOW TO SHAREHOLDERS, INCLUDING ABOUT $2.5 BILLION IN 2019.DELTA AIR LINES - FOR 2019, EXPECTING $3 BILLION TO $4 BILLION IN FREE CASH FLOW.DELTA AIR LINES - FOR 2019, SEES ABOUT $4.5 BILLION IN CAPITAL EXPENDITURES.DELTA AIR LINES - FOR 2019, LOWER MARKET JET FUEL PRICES EXPECTED TO RESULT IN A REDUCTION OF ABOUT $300 MILLION IN FUEL COSTS.DELTA AIR LINES - BENEFIT FROM PENSION EXPECTED $200 MILLION - $250 MILLION LOWER IN 2019 DUE TO BELOW-AVERAGE RETURNS IN 2018.DELTA AIR LINES - ON TRACK TO COMPLETE CURRENT $5 BILLION SHARE REPURCHASE AUTHORIZATION IN 2020.  Full Article

Delta Air Lines CEO Edward Bastian Says There Is Need To Modernize Air Control System - CNBC Interview
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - :DELTA AIR LINES CEO EDWARD BASTIAN SAYS THERE IS NEED TO MODERNIZE AIR CONTROL SYSTEM - CNBC INTERVIEW.DELTA AIR LINES CEO EDWARD BASTIAN SAYS WE ARE GOING TO GO BACK TO INDIA.DELTA AIR LINES CEO EDWARD BASTIAN SAYS Q4 MARGINS WILL GROW BY ABOUT 100 BASIS POINTS.  Full Article

Delta Air Lines Sees 2019 EPS $6-$7, Top-Line Growth 4-6 Pct
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Delta Air Lines Inc ::SEES 2019 TOP-LINE GROWTH OF 4 TO 6 PERCENT ON 3 PERCENT CAPACITY EXPANSION.SEES 2019 EARNINGS PER SHARE OF $6 TO $7, WITH PRE-TAX MARGIN EXPANSION OF ABOUT 100 BASIS POINTS AT MIDPOINT.SAYS EXPECTATIONS FOR 2019 PROFITS ABOVE $5 BILLION.SEES 2019 NON-FUEL UNIT COST GROWTH OF ABOUT ONE PERCENT.FY2019 EARNINGS PER SHARE VIEW $6.70, REVENUE VIEW $47.02 BILLION -- REFINITIV IBES DATA.  Full Article

UPDATE 8-Shutdown bites economy, U.S. Coast Guard, as talks to end impasse stall

WASHINGTON, Jan 15 The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates showed on Tuesday, as contractors and even the Coast Guard go without pay and talks to end the impasse seemed stalled.