Delta Air Lines, Inc. (DAL) News

Delta Air Lines, Inc. (DAL)

Today's Latest Price: $41.07 USD

1.11 (2.78%)

Updated Dec 2 6:40pm

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Latest DAL News From Around the Web

Below are the latest news stories about Delta Air Lines Inc that investors may wish to consider to help them evaluate DAL as an investment opportunity.

JPMorgan just inked a deal with a startup to let airlines and hotels tap their loyalty programs for capital. Here's why it's a game-changer for cash-strapped companies.

Summary List Placement One of the top investment banks in the world is partnering with a startup that helps companies use their loyalty programs to raise capital from institutional lenders. JPMorgan announced on Thursday it had entered into an agreement with New York-based Affinity Capital Exchange (ACE), a venue for companies looking to secure debt financing via points programs like frequent-flyer miles. As a result of the deal, JPMorgan's clients will have access to a standardized way to turn their loyalty programs into capital. While companies have been able to leverage these programs for cash in the past, the process is far from streamlined, Andreas Pierroutsakos, a managing director at JPMorgan, told Business Insider. "We are creating liquidity in an asset class that has been viewe...

Business Insider | October 1, 2020

Top US airlines starting 32,000 furloughs as bailout hopes fade

CHICAGO/WASHINGTON --- American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington. Both airlines told employees, however, in memos seen by Reuters on Wednesday that they stood ready to reverse the furloughs, which affect about 13% of their workforces before the pandemic, if a deal was reached. Tens of thousands of other employees at those airlines and others including Delta Air Lines and Southwest Airlines have accepted buyouts or leaves of absence aimed at reducing headcount as carriers battle a health crisis that has upended the global t… Keep on reading: Top US airlines starting 32,000 furloughs as bailout hopes fade

Inquirer Business | September 30, 2020

Delta Air Lines' Earnings: All About Cash And Outlook

Delta Air Lines (DAL) will be the first major company in its sector to report the results of yet another action-packed quarter in the airline space. As of Monday, the carrier had not announced the timing of its earnings release, which usually takes place between the 12th and the 15th...

D.M. Martins Research on Seeking Alpha | September 29, 2020

Delta's on-board emergency medical kits will now include a powerful overdose-reversal drug

Delta Air Lines says it will carry naloxone, a medication that reverses an overdose after the fact, after a passenger tweeted that a man died aboard a flight.

CNN | September 29, 2020

US STOCKS-Banks, travel stocks set to lead Wall Street higher | Business

Wall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel. Delta Air Lines, United Airlines, American Airlines Group Inc rose between 2% and 4% in premarket trading, while cruise operators Norwegian Cruise Line, Royal Caribbean Cruises Ltd and Carnival Corp gained more than 3.5% each.

Devdiscourse | September 28, 2020

Salt Lake City airport just opened a massive new terminal with canyon-themed art as Delta relies on the hub as a gateway to the west – see inside

Summary List Placement Salt Lake City International Airport is in the midst of a $4.1 billion reconstruction that will radically change the airport with a brand-new terminal and two new concourses. Six years following its 2014 groundbreaking, the airport just opened the first part of the new terminal to the public on September 15. Delta Air Lines passengers were among the first to use the new facility - complete with a new SkyClub - as the carrier is the largest at the airport. With Delta accounting for around 70% of the airport's daily departures, it's no surprise that the new terminal layout resembles that of other Delta hubs in Detroit and Atlanta. Two parallel east-west concourses aim to replace the airport's current pier layout where concourses radiate from a central terminal, allo...

Business Insider | September 27, 2020

Delta tips Q3 charge up to $2.5B on jet retirements

Delta Air Lines (DAL) warns in an SEC filing that it will take a Q3 pre-tax $2B-$2.5B charge after deciding to remove three aircraft types from its fleet due to the collapse in air travel.The impairments come in addition to a pretax charge Delta previously announced for Q3 of $2.7B-$3.3B...

Seeking Alpha | September 26, 2020

Delta Air Lines expects charges of up to $2.5 billion in third quarter

Delta Air Lines said on Friday it is bringing forward a series of aircraft retirements, leading to a charge of up to $2.5 billion in the third quarter.

Reuters | September 25, 2020

Delta looking to defer Airbus jet deliveries until 2021 - Bloomberg

Just a headline for now, but Bloomberg reports Delta (DAL) as in talks to defer the delivery of 40 Airbus (EADSY) jet deliveries into 2021.Delta in April had stepped in to take over a $3B order for 10 Airbus A350 jets that had been slated to go to Latam Airlines...

Seeking Alpha | September 23, 2020

Delta to preserve cash with delayed deliveries, sale-leaseback deal

Delta Air Lines ([[DAL]] -1.9%) is reportedly is in discussions with Airbus SE (EADSF) on delaying 40 aircraft deliveries or more scheduled for this year.In another unrelated cash-raising move, Delta plans to generate $750M from a sale-leaseback deal for nine of the remaining Airbus jetliners scheduled to be handed over, per...

Seeking Alpha | September 23, 2020

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