Zombie Airlines Are Flying Into The Arms Of The Government [Forbes]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Forbes
In my last post in this forum a weekagoWithout policies that would enable them to survive, the consequences of a loss of passengers means no revenue, and a stock price that rapidly plummets toward zero. Since there is little revenue at the moment, the practice of spending free cash flow to buy back stock, as these companies did over the last few years, is probably over for now. Facing the grim reaper, they would now prefer that the government not only take an equity interest, but also mandate pricing and surcharges that would enable them to stay in business. In other words, these national air carriers become utilities run by the government.Indeed, as of the second week of April, 230 applications for aid from passenger carriers has been received by the Treasury (Source: Bloomberg April 11, 2020).Combined with the Fed’s recent decision to buy the bonds of issuers who have fallen from investment grade to junk under the new“Main Street New Loan Facility”Take for example, Delta Air Lines.
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DAL
News
- 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
- A New York to Scotland flight got all the way across the Atlantic before an air traffic control problem forced a diversion to Ireland [Business Insider]Business Insider
- Delta Says Profit Will Take a Hit from Government Shutdown. Why the Stock Is Gaining. [Yahoo! Finance]Yahoo! Finance
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