Delta Air Lines Posts Quarterly Loss, Plans 50% Cut in Daily Cash Burn [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 Lines Inc. DALDelta ended the first quarter with a $534 million net loss, or a $0.84 loss per share, after a $730 million profit a year earlier. Revenues dropped 18% to $8.59 billion in the first three months of the year, as the U.S. carrier burnt $100 million per day at the end of March.Shares advanced 3.6% to $23.94 in pre-market U.S. trading before retreating 0.7% to $22.93 in morning trading.Looking ahead, the airline expects the adverse coronavirus impact to intensify in the June 2020 quarter.To combat the bleak outlook, Delta projects total expenses in the June quarter to be slashed by about 50%, or $5 billion, year-on-year due to reduced capacity, lower fuel and cost initiatives, including parking 50% of its fleet, implementing a company-wide hiring freeze and offering voluntary leave options, while 37,000 employees are taking short-term unpaid leave.“With the significant impact of COVID-19 on Delta’s revenue, we were burning $100 million per day at the end of March.
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DAL
News
- FAA launches investigation into US airlines over flight cuts ordered during the shutdown [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta resumes flights at Detroit after brief halt [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
- Delta initiates ground stop for Detroit Metro Airport flights [USA TODAY]USA TODAY
- Ground stop issued for Delta flights at Detroit Metro Airport due to network outage [CBS News]CBS News
DAL
Earnings
- 10/9/25 - Beat
DAL
Sec Filings
- 12/3/25 - Form 8-K
- 11/14/25 - Form 13F-HR
- 10/23/25 - Form 4
- DAL's page on the SEC website