Delta to reduce cash burn as it braces for sluggish recovery from pandemic [Reuters]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Reuters
Delta posts quarterly loss and warns of choppy, sluggish recovery (Reuters) - Delta Air Lines Inc ( DAL.N ) reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, and warned that a recovery could take two to three years. “We should be prepared for a choppy, sluggish recovery even after the virus is contained,” Chief Executive Ed Bastian said in an employee memo on Wednesday. In a matter of months, U.S. airlines like Delta have gone from expansion to survival, searching for ways to raise and save as much cash as possible as flight cancellations started outnumbering new bookings around mid-March. By the end of the quarter, passenger volumes had dropped by as much as 95 percent. “This certainly isn’t the world we were expecting when the year began,” Bastian said. Atlanta-based Delta swung to a $534 million net loss in the first quarter that ended March 31, or a $0.84 loss per share, from a $730 million net profit a year ear
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- 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