Delta Air Lines Stock News

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Delta Air Lines Earnings, Revenue Beat in Q4

Delta Air Lines (DAL) reports adjusted operating revenue of $8.4B in Q4. Read more on Delta stock.

Delta Air Lines posted stronger-than-expected fourth quarter earnings Thursday but noted that the recent surge in Omicron infections would delay its recovery momentum over the coming months.

Shares of Delta Air Lines Inc. rallied 2.1% in premarket trading Thursday, after the air carrier reported fourth-quarter adjusted profit and revenue that beat expectations, as December revenue has recovered to nearly 80% of 2019 levels. The net loss was $408 million, or 64 cents a share, compared with net income of $1.1 billion, or $1.71 a share, in the same period in pre-pandemic 2019. Excluding nonrecurring items, adjusted earnings per share came to 22 cents, above the FactSet consensus of 14 cents. Revenue of $9.47 billion was down 17% from 2019, but was above the FactSet consensus of $9.02 billion. Load factor fell to 78% from 86% in 2019, and missed the FactSet consensus of 83.7%. The company said that while the omicron variant of the coronavirus that causes COVID-19 significantly impacted staffing levels and disrupted travel, Delta''s operation has stabilized over the last week and returned to pre-holiday performance. "The recent rise in COVID cases associated with the omicron variant is expected to impact the pace of demand recovery early in the [first] quarter, with recovery momentum resuming from President''s Day weekend forward," said President Glen Hauenstein. "Factoring this in to our outlook, we expect total March quarter revenue to recover to 72 to 76% of 2019 levels, compared to 74% in the December quarter." The stock has slipped 1.0% over the past three months through Wednesday, while the U.S.

Delta Air Lines press release (DAL): Q4 Non-GAAP EPS of $0.22 beats by $0.07.Revenue of $9.47B (+138.5% Y/Y) beats by $180M.Shares +1.2% PM.Glen Hauenstein, Delta''s president

Delta Air Lines is reporting a $408 million loss for the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier expects to suffer one more quarterly loss before travel picks up in the spring and summer

Opening the earnings counters is Delta Air Lines (DAL) giving a preview how U.S. air carriers bottom line would fair this week amid the ongoing concerns about air travel with

China Halts Some US Flights As Omicron Wave Spreads The rate at which new infections of COVID-19 have spread worldwide is rapidly increasing, forcing China''s civil aviation regulator to suspend some flights from the US to Shanghai, according to Shanghai Daily . Civil Aviation Administration of China (CAAC) said five flights to Shanghai operated by Delta Air Lines, American Airlines, United Airlines, and China Eastern Airlines have been suspended beginning next week. Over 50 passengers on these flights have tested positive since the end of 2021 at Shanghai Pudong International Airport, the Civil Aviation Administration of China said. Among the most severely affected, Delta Air Lines Flight DL287 from Seattle to Shanghai will be suspended through the end of February. Six travelers on the flight tested positive at the Pudong airport on January 1, while another 11 on the same flight tested positive on January 6. American Airlines Flight AA127 will be put on hold for four weeks beginning January 24 after 10 passengers tested positive upon arrival at Pudong Airport on December 31.

Delta late last year cut its Covid sick leave policy in half to five days off with pay protection that doesn''t require staff to use days in their sick banks.

The airline’s top lawyer sent a letter telling the union to stop criticizing policies on how many days workers should quarantine if they test positive for the coronavirus.

The mother slammed Delta Air Lines as discriminatory after saying she could not purchase a plane ticket for her nonbinary adult child.

Delta Air Lines reports fourth-quarter earnings on Thursday, after the omicron variant and rough winter weather forced airlines to cancel thousands of flights. Delta stock and other airline stocks rose slightly on Tuesday.

Key Events In The "Massive Week Ahead" After a relatively quiet start to the year on the economic event front, if not in markets where last week''s FOMC Minutes sparked the worst bond rout since 2020 triggering the worst first week for the Nasdaq since the dot com bubble burst ... we have a "simply a massive week ahead for markets" according to Nomura''s Charlie McElligott, with Powell testimony and bunches of Fed speakers, along with US economic releases headlined by the markets most important datapoint in the CPI release Wednesday, in addition to PPI, Retail Sales and Consumer Sentiment over the course of the week, plus two Duration-heavy auctions ($36B of 10Y and $22B 30Y, on top of tomorrows $52B 3Y) and finally, US corporate earnings season kickoff (highlighted by JPM, C and WFC this upcoming Friday) Picking up the weekly preview baton, Rabobank writes that there will be little opportunity not to think about the Fed in the week ahead. The Bloomberg market consensus for Wednesdays US December CPI inflation release stands at an astounding 7% y/y.

Futures Resume Tumbling After Yields Spike To New 2 Year High The new week has picked up where last week left off: with futures selling off and global markets lower as yields continued their relentless treck higher, hitting fresh two year highs (amid concerns of a faster Fed balance sheet drawdown coupled with a massive IG issuance slate forcing managers to put on rate locks in what remains an illiquid market). US index futures traded down to session lows as US traders sat at their desks after rising modestly earlier in the session, and were down 27 points or 0.6% at 730am ... while Treasury yields stabilized after reversing an earlier spike rising as high as 1.8064% before dropping to 1.7656% following a global bond selloff last week as investors awaited key inflation data later in the week. Tech stocks again led the decline with Nasdaq futs down 0.63%, while Dow futures were down 0.12% or 44 points. The dollar rose, bitcoin dropped and crude oil steadied around $79 a barrel. Market volatility continues to grow almost everywhere, with lingering uncertainties keeping pressure on sentiment, said Pierre Veyret, technical analyst at ActivTrades. Traders are likely to wait for new major market drivers before pushing stock prices in new directions.