Delta posts Q1 loss, but shores up liquidity as coronavirus pummels demand [Yahoo! Finance News]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance News
Delta Air LinesDAL)restrictions linked to the coronavirus pandemicHere were the main results from the report, compared to consensus estimates compiled by :Delta’s stock, traded on the New York Stock Exchange, rose modestly in pre-market action from Tuesday’s drop, trading above $23.“Government travel restrictions and stay-at-home orders have been effective in slowing the spread of the virus, but have also severely impacted near term demand for air travel, reducing our expected June quarter revenues by 90%, compared to a year ago,” CEO Ed Bastian said in a statement.With theCOVID-19 crisis gripping the worldDelta has also taken aggressive steps to conserve cash, ending the quarter with $6 billion in unrestricted liquidity. The company expects that amount to rise to $10 billion by the end of Q2.According to CFO Paul Jacobson, “we were burning $100 million per day at the end of March [but] decisive actions” taken by the company will cut that amount in half by the end of the second quarte
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News
- 'Fire him': Elon Musk and the billionaire CEO of Europe's biggest airline trade insults over Starlink [Yahoo! Finance]Yahoo! Finance
- ChatGPT Thinks Delta Air Lines Stock Will Close At This Price In The Next 60 Days [Yahoo! Finance]Yahoo! Finance
- Global In-Flight Catering Services Market to Worth Over US$ 30.23 Billion by 2033 | Astute Analytica [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Evercore ISI from $75.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Seaport Global Securities from $80.00 to $89.00. They now have a "buy" rating on the stock.MarketBeat
DAL
Earnings
- 1/13/26 - Miss
DAL
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DAL's page on the SEC website