Delta Posts Steep Loss, Intends to Cut Daily Cash Burn to 50% [TheStreet.com]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: TheStreet.com
Delta Air Lines(DALGet ReportThe Atlanta-based airline posted a quarterly loss of $534 million. Its adjusted loss in the period of 51 cents a share, compared with year-earlier earnings of 96 cents. Revenue was $8.6 billion, down 18% from a year ago and below analysts’ estimates of $9.3 billion.The airline said it had $6 billion in cash on hand at the end of the quarter, though had burned cash at a daily rate of $100 million per day. It is looking to get that figure down by half by end of June while beefing up liquidity, it said.“With the significant impact of Covid-19 on Delta’s revenue, we were burning $100 million per day at the end of March," Delta CFO Paul Jacobson said. "Through our decisive actions, we expect that cash burn to moderate to approximately $50 million per day by the end of the June quarter.“The decade of work we put into the balance sheet to lower debt and build unencumbered assets has been critical to our success in raising capital and we expect to end the June qua
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DAL
News
- FAA investigates airlines for potential flight cut compliance violations during government shutdown [FOX News]FOX 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
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