Delta Air Lines Stock News

An Irish man on a Delta Airlines flight from Dublin to New York refused to wear a mask, threw a can that hit another passenger, and pulled down his pants and exposed his buttocks to a flight attendant, according to a federal complaint unsealed on Friday.According to the complaint, filed in the Eastern District of New York, Shane McInerney, 29, of Galway, created numerous disturbances on the January 7 Delta flight that was headed to John F. Kennedy International Airport.During the around

US Airline Lobbying Group Warns Of ''Catastrophic Disruptions'' Upon 5G Rollout The Federal Aviation Administration (FAA) cleared a large portion of the U.S. commercial plane fleet for ultra-low visibility landing at half of the U.S. airports affected by the upcoming rollout of 5G. However, a top airline lobbying group warned the 5G rollout could unleash severe economic consequences for commercial and cargo airlines. An FAA statement , released Sunday, said Boeing 737, 747, 757, 767, MD-10/-11 and Airbus A310, A319, A320, A321, A330 and A350 models had been approved to perform low-visibility landings (this represents about 45% of America''s commercial fleet). The agency also approved two radar altimeter models that will not be disrupted by the 5G band from cellular towers. The remaining airports will be heavily impacted by 5G frequencies and could cause airlines to delay or cancel flights based on weather. The FAA has requested AT&T and Verizon, which plan to turn on their 5G towers on Dec. 19, to create buffer zones for six months around 50 airports where transmitters are nearby. "Even with these new approvals, flights at some airports may still be affected.

Delta Air Lines is no longer requiring college degrees for its pilots while a regional airline is offering bonuses of up to $40,000.

The Great Omicron Sickout: Millions Of Unwell Americans Causing "Hellacious" Worker Shortages Record spikes in Covid-19 Omicron cases across the country are causing a nationwide worker "sickout," as businesses from airlines to grocery stores are suffering from disruptions, even though the new variant is markedly far less severe - yet far more transmissible - than prior strains. According to Delta Airlines CEO Ed Bastian, the past few weeks have been " hellacious ," adding that around 10% of his workforce, or 8,000 of his employees, have contracted the virus in the past month. The shortages contributed to over 2,200 canceled Delta flights since December 24 . Although a precise count of the number of employees who are out sick or quarantining is hard to come by, about 5 million Americans could be isolating due to COVID-19 at the peak of Omicron, according to Andrew Hunter, senior U.S. economist at Capital Economics. That could reflect about 2% of the nation''s workforce forced to stay home due to illness, he added.

The most successful U.S. network airline is poised for a sharp recovery -- once the omicron wave of the COVID-19 pandemic passes.

Pilot Shortage Forces Delta, American Air To Cut Regional Flights A pilot shortage has led Delta Air Lines Inc. and American Airlines Group to slash regional flights around the country, prolonging travel pains that first emerged during Christmas Eve. Bloomberg reports Delta will slash a quarter of its flights through the first half of this year. American is expected to drop 580 March flights at its wholly-owned Piedmont Airlines and a number of flights at its regional partners SkyWest Inc. and Mesa Air Group Inc. The shortage is not just because pilots call out sick for COVID-19 as the omicron variant spreads rapidly. There is a lingering pandemic effect of thousands of pilots who retired in early 2020, and now there''s not enough as travel rebounds. During an earnings call on Thursday, Delta CEO Ed Bastian told investors that 100 to 200 pilots will be added to the roster every month into 2023. By the second half of this year, the airline is "pretty confident" that it would restore flights that were cut in the first half, President Glen Hauenstein said on the call.

Delta Air Lines expects corporate clients to be back in the spring at a level of recovery similar to right before the new Covid variant omicron hit travel.

DAL earnings call for the period ending December 31, 2021.

Today airline stocks are starting the year off right, rising to fresh new year-to-date highs on the back of strong earnings from Delta.

Wednesday afternoon''s top analyst upgrades and downgrades included Activision Blizzard, Baker Hughes, ConocoPhillips, Delta Air Lines, Home Depot, Mattel, Riot Blockchain, Spirit Airlines and Snap.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Thursday Market Open) Equity index futures were relatively flat before the Producer Price Index (PPI) and jobless claims were reported. The PPI came in higher than expected at 8.3%; it had been projected to rise 8.0%. All-in-all, the PPI looked similar to Wednesday’s CPI, which means the new earnings season will likely focus on companies that are able to pass higher costs on to consumers without hurting sales growth. Jobless claims came in higher than expected at 230,000 instead of the forecasted 200,000; meanwhile, continuing claims were lower than expected. Equity index futures were little moved on the news but did turn slightly more positive while the 10-Year Treasury Yield (TNX) stayed around 0.93% higher in premarket trading. The Federal Reserve Vice Chair Lael Brainard is expected to testify before the Senate Banking Committee on Thursday. Brainard is expected to reflect Chair Jerome Powell’s Tuesday testimony that the Fed will continue to focus on inflation.

Delta Air Lines (DAL) stock is taking off on Thursday thanks to the release of the company''s most recent earnings report.

Delta Air Lines posted a net loss of $408 million in its final quarter of 2021 and warned of upcoming challenges as the Omicron variant drives a surge of COVID-19 cases.

DAL and TSM rose on their respective quarterly reports. BA climbed on reports that China could allow its 737 MAX back into the country. HCI fell after postponing an IPO for a subsidiary.