Delta Air Lines

FreightWaves Staff Tuesday, October 13, 2020

Delta reports $9B drop in Q3 revenue

Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 […]

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Eric Kulisch Monday, September 14, 2020

Wildfires force Alaska Airlines to suspend some Oregon, Washington flights

(Updated Sept. 15, 10:20 A.M. ET with information on FedEx) Worsening smoke conditions prompted Alaska Airlines (NYSE: ALK to suspend all flights for 24 hours in Portland, Oregon, and Spokane, Washington, beginning at 3 p.m. on Monday. Otherwise, airline and parcel delivery networks have experienced limited disruption from the devastating wildfires that have impacted millions […]

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Eric Kulisch Friday, May 22, 2020

Air France-KLM bids adieu to A380 jumbo jet

(Updated May 25, 2020, 8:10 P.M. ET, with news about Emirates.) Air France-KLM Group (FP: AF) said it has permanently eliminated double-deck Airbus A380 aircraft from its fleet, joining other airlines that also are rationalizing fleets to contain costs amid a dramatic downturn in business caused by the coronavirus pandemic. The current economic hardship accelerated […]

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Eric Kulisch Friday, March 20, 2020

United Airlines CEO: ‘Time is running out’ for federal aid

United Airlines’ executives and union leaders late Friday warned furloughs will begin soon unless the federal government enacts an emergency aid package for the airline industry and urged workers to tell their representatives to support the measure. Meanwhile, Delta Air Lines said it projects a $10 billion reduction in revenue for the second quarter, down […]

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Eric Kulisch Tuesday, January 14, 2020

Delta beats 2019 profit estimates, sets revenue record

Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to the same periods in 2018, a small blip in an otherwise upbeat earnings report. Delta (NYSE: DAL) reported that fourth quarter adjusted earnings per share grew 31% to $1.70 year-over-year, […]

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Eric Kulisch Tuesday, October 29, 2019

Delta becomes first U.S. airline to offer door-to-door parcel delivery

Delta Air Lines [NYSE: DAL] has teamed with on-demand delivery company Roadie to launch a door-to-door, cross-country shipping service for time-critical goods such as medical equipment, and automotive and industrial parts. It is the first U.S. passenger airline to offer turnkey, round-the-clock pickup and delivery service in a segment already covered well by courier services. […]

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