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Delta Air Lines Expects Cash Burn For June To Be About $30 Mln Per Day - Conf Call
Delta Air Lines Expect Q2 Revenue To Fall By 90% Y-O-Y
Delta Air Lines Files Preliminary Prospectus Supplement Related To Notes Offering
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company's segments include Airline and Refinery. The Company's route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York- John F Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Each of these operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub or gateway to domestic and international cities and to other hubs or gateways. The Company's route network includes its international joint ventures, its alliances with other foreign airlines, its membership in SkyTeam and agreements with multiple domestic regional carriers that operate as Delta Connection.
1030 Delta Blvd
Francis S. Blake
Non-Executive Independent Chairman of the Board
Glen W. Hauenstein
Edward H. Bastian
Chief Executive Officer, Director
Paul A. Jacobson
Chief Financial Officer, Executive Vice President
Wayne Gilbert West
Chief Operating Officer, Senior Executive Vice President
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Five additional U.S. airlines - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - have taken steps to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.
Delta Air Lines Inc <DAL.N> said on Thursday it has amended its $2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline's ability to pay dividends or repurchase stock before Sept. 30, 2021.
Delta Air Lines had a strategy for years: expand worldwide by buying stakes in airlines and partner with them while avoiding the cost and red tape of full acquisitions.
Delta Air Lines <DAL.N> said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand.
Delta Air Lines said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand.
Delta Air Lines <DAL.N> expects to add about 1,000 flights in August but not many more for the remainder of the year, Chief Executive Ed Bastian said in an internal memo on Thursday that mentioned a resurgence of COVID-19 in parts of the country.
Delta Air Lines expects to add about 1,000 flights in August but the U.S carrier is unlikely to add "many more" flights for the remainder of the year, Chief Executive Ed Bastian said in an internal memo on Thursday.
Delta Air Lines Inc <DAL.N> said on Monday it would resume flights between Seattle and Shanghai on June 25, making it the first U.S. airline to restart operations between the United States and China after flights were suspended in February due to the COVID-19 pandemic.
Delta Air Lines Inc said on Monday it would resume flights between Seattle and Shanghai-Pudong on June 25, the first U.S. airline to re-connect the United States and China after flights were suspended in February due to the COVID-19 pandemic.
The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff on travel restrictions in the midst of the novel coronavirus pandemic.
Delta Air Lines <DAL.N> has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to COVID-19.
Delta Air Lines Inc next week is launching a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic and Quest Diagnostics Inc, Chief Executive Ed Bastian said in an employee memo on Thursday.
Delta Air Lines Inc is launching next week a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic and Quest Diagnostics Inc, Chief Executive Ed Bastian said in an employee memo on Thursday.
American Airlines Group Inc <AAL.O> and Delta Air Lines Inc <DAL.N> said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.
U.S. carrier Delta Air Lines <DAL.N> on Wednesday forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to avoid a default next year.
U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end.
Delta Air Lines Inc Chief Executive Ed Bastian said on Friday that the company will look at every area where it can "make an impact and take a stand against racism and injustice, from programs to policy changes."
Delta Air Lines Inc <DAL.N> said on Wednesday it will extend social distancing measures on its flights through Sept. 30 and will block the selection of middle seats and cap seating in every cabin.
Delta Air Lines Inc <DAL.N> and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
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