United's unusual plan to sell $1 billion of stock [CNNMoney.com]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: CNNMoney.com
United's unusual plan to sell $1 billion of stock New York City (CNN) United Airlines, whose shares have plummeted in value by 68% in the last nine weeks, is planning to raise $1 billion by selling additional shares of its badly battered stock. Such a sale is a highly unusual move for an established company that is losing buckets of money and reporting steep declines in its revenue. United last week warned investors it expects to report an adjusted $1 billion pre-tax loss for the first quarter, and that it will slash its May and June schedule by 90% since the coronavirus has cut demand for air travel to " essentially zero ." The airline industry as a whole is in desperate trouble, with analysts forecasting operating losses of $2 billion by the US industry in the first quarter and even larger deficits in the second quarter. It's not uncommon for money-losing companies, particularly tech startups, to sell shares to raise capital. But that's typically done when the share price is
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DAL
News
- Delta Air Lines (NYSE:DAL) was upgraded by analysts at Dbs Bank to a "moderate buy" rating.MarketBeat
- Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn. [Yahoo! Finance]Yahoo! Finance
- Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn. [Business Insider]Business Insider
- Delta Air Lines, Inc.'s (NYSE:DAL) Stock's On An Uptrend: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Flying out of ATL airport this weekend? How to check delays, wait time [USA TODAY]USA TODAY
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