Delta reports its first loss in five years as coronavirus ravages airlines [CNN]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: CNN
New York (CNN )The airline said its loss, excluding special items, came in at $326 million, compared to a $639 million profit a year earlier. Revenue in the quarter fell $1.9 billion compared to a year ago, an 18% drop. The miles flown by paying passengers fell by 17%.But the quarter was only the beginning of the problems for the carrier: Delta confirmed its previous warning that it expectsrevenue to be down 90%The number of people being screened at airports by TSA is down 95% so far in April. Delta and other airlines are slashing their schedules for the quarter and grounding most of their planes.The loss at Delta was smaller than the loss forecast by Wall Street analysts surveyed by Refinitiv. Every airline is forecast to report losses of its own for the first three quarters of this year, at least.Read First-quarter operating losses for the industry are forecast to reach atleast $2 billionUnited AirlinesUALessentially zero recently approved a$50 billion relief packageShares ofDAL
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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