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☆ Airfare is cooling as carriers add service for summer peak period
▼ + stars: | 2023-07-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Flights are getting cheaper as airlines ramp up service during what's shaping up to be a busy summer. Delta Air Lines on Thursday reported record earnings for the second quarter, estimated more record revenue through the start of fall and hiked its full-year forecast. Delta's domestic revenue unit revenues fell 1% in the quarter from the same period of 2019, but trans-Atlantic unit revenues rose 22% and the smaller trans-Pacific segment rose 29% and Latin American service unit revenues were up 16%. Airlines have been especially aggressive in adding record amounts of service to Europe this summer and higher unit revenues are showing that fares there continue to hold up. United Airlines and American Airlines will provide their outlooks on demand next week when they're scheduled to report results.

Persons: airfares Organizations: National Airport, Transportation Security Administration, Air Lines, Airlines, United Airlines, American Airlines Locations: Arlington , Virginia, Europe

☆ The chip wars are heating up. This Chinese stock rose 30% in five days
▼ + stars: | 2023-07-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China is starting to show what sway it has in the semiconductor supply chain, and stocks are only starting to react. About a week ago on July 3 , China's Commerce Ministry announced export restrictions on germanium and gallium would take effect on Aug. 1. WestSummit claims about 20 billion yuan ($2.77 billion) in assets under management. China's latest export curbs follow sweeping U.S. export restrictions in October to limit Chinese businesses' access to advanced semiconductor technology. One of Delta's investments, Shanghai New Vision Microelectronics, raised just over 1 billion yuan in an initial public offering on Shanghai's Star board on June 1.

Persons: Bo Du, Du, WestSummit, Greg Ye, Ye, Wei Jianguo, Wei didn't, Brian Tycangco, Tycangco Organizations: China's Commerce Ministry, . Geological Survey, WestSummit Capital Management, CNBC, Delta Capital, Shanghai New Vision Microelectronics, Shanghai's Star, Stansberry Research, Materials, Earth Holdings Locations: China, Yunnan, U.S, Shenzhen, Shanghai, Washington, Beijing

☆ Earnings playbook: JPMorgan Chase and Delta Air Lines kick off the season
▼ + stars: | 2023-07-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

JPMorgan Chase and Citigroup, as well as Delta Air Lines are slated to post their latest quarterly results. Expectations for this earnings season are downbeat, with analysts forecasting a roughly 7% year-over-year drop, FactSet data shows. Thursday PepsiCo is set to report earnings before the bell, followed by a conference all at 8:15 a.m. Delta Air Lines is set to report earnings in the premarket, and management is slated to hold a call at 10 a.m. Friday JPMorgan Chase is set to report earnings before the market open, followed by a call at 8:30 a.m.

Persons: bode, Steve Powers, DAL, Leslie Josephs, JPMorgan Chase, JPM, Hugh Son, Wells Fargo, Wells, — CNBC's Michael Bloom Organizations: JPMorgan Chase, Citigroup, Delta Air Lines, PepsiCo, Federal Reserve, CNBC, Deutsche Bank, PepsiCo —, Investment Group, FactSet, JPMorgan, Management Locations: America, U.S, Wells

☆ Travel boom might still have legs but stick with best-in-class names like Delta, says Jim Cramer
▼ + stars: | 2023-07-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Travel boom might still have legs but stick with best-in-class names like Delta, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at travel trends, airline stocks, and Delta's investor day.

Persons: Jim Cramer

☆ While Delta's business is "extremely robust", the airline's marketing chief stays focused on the data
▼ + stars: | 2023-07-03 | by ( Will Wei | ) www.businessinsider.com time to read: 1 min

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☆ Here are Wednesday's biggest analyst calls: Delta, Netflix, Pinterest, Nvidia, Pepsi, Deere, Nike and more
▼ + stars: | 2023-06-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Snowflake as buy Goldman said it's standing by its buy rating after the company's investor day. JPMorgan reiterates Pepsi as overweight JPMorgan said Pepsi is a "safe haven" heading into earnings in July. Wells Fargo upgrades Pinterest to overweight from equal weight Wells Fargo said it sees "above-consensus revenue growth" for Pinterest. Deutsche Bank downgrades Walgreens to hold from buy Deutsche Bank downgraded the stock after its disappointing earnings results earlier this week. Deutsche Bank initiates Western Alliance as hold Deutsche Bank said the regional bank's "funding pressures persist."

Persons: Goldman Sachs, Goldman, Snowflake, it's, Wells, Wells Fargo, Daiwa downgrades Uber, EBITDA, Deere, Canaccord, Oppenheimer, Morgan Stanley, CarMax, Needham, CFRA, KeyBanc Organizations: Nvidia, JPMorgan, Pepsi, Nike, Netflix, Deutsche Bank, Walgreens, RBC, Western Alliance, KMX, Delta, Barclays, Bank of America, Old Dominion, of America, Dominion, ZoomInfo Technologies, Lincoln, EV Locations: China, NVDA, Canada, Old

☆ Morgan Stanley names Delta a top stock pick after 'enthusiastic' investor day
▼ + stars: | 2023-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Delta Air Lines could be in for big gains going forward, according to Morgan Stanley. The bank listed Delta as a top pick Wednesday, reiterating an overweight rating and a $70 per share price target. Analyst Ravi Shanker highlighted Delta's investor day on Tuesday, which underpinned the bank's bullish outlook on the stock. DAL YTD mountain Delta has added more than more than 40% from the start of the year. For the second quarter, Delta executives now expect year-over-year revenue to climb 17% to 18%, Shanker said.

Persons: Morgan Stanley, Morgan Stanley's, Ravi Shanker, financials, Shanker, — CNBC's Michael Bloom Organizations: Delta Air, Delta Locations: DAL, Delta

☆ Delta lifts profit view on strong travel demand, lower fuel costs
▼ + stars: | 2023-06-27 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, June 27 (Reuters) - Delta Air Lines (DAL.N) said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. Shares rose about 1% in premarket trading as the Atlanta-based carrier also lifted its expectation for annual free cash flow ahead of its investor day. But with no let-up in travel demand, mainly for overseas trips and a moderation in fuel costs, analysts have revised upwards Delta's profit estimates. In a sign of growing confidence in its ability to generate free cash flow, Delta this month reinstated its quarterly dividend, which it had suspended in March 2020 during the pandemic. The company raised its free cash flow outlook for 2023 to $3 billion compared to more than $2 billion that it had forecast earlier.

Persons: Daniel McKenzie, Stephen Trent, Rajesh Kumar Singh, Shivansh, Jamie Freed, Arun Koyyur Organizations: Delta Air Lines, Delta, Seaport Research Partners, Citi, Thomson Locations: Atlanta, U.S, North America

☆ We're bullish on Delta's ability to hold price, says Jefferies' Sheila Kahyaoglu
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're bullish on Delta's ability to hold price, says Jefferies' Sheila KahyaogluSheila Kahyaoglu, aerospace and defense analyst at Jefferies, joins 'Squawk on the Street' to discuss what stood out from Delta's investor meeting, at what point there will be a shift in consumer demand, and more.

Persons: Jefferies, Sheila Kahyaoglu Sheila Kahyaoglu Organizations: Jefferies

☆ Delta CEO forecasting highest Q2 earnings ever. Here's what the pros are saying
▼ + stars: | 2023-06-27 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Delta Air Lines . The pros discussed the airline after CEO Ed Bastian told CNBC he is raising his profit forecast for the second quarter. Bastian is also predicting Delta's second-quarter earnings could be the highest ever for the company's April to June period due to strong demand and premium ticket purchases. Delta is forecasting adjusted earnings per share of $2.25 to $2.50, up from a previous range of $2 to $2.25 a share. Sheila Kahyaoglu of Jefferies said on CNBC on Tuesday her firm is raising the stock's price target to $50.

Persons: Ed Bastian, Bastian, Sheila Kahyaoglu, Jefferies Organizations: Delta Air Lines, CNBC, Delta

☆ Delta's record stock run: What you need to know
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta's record stock run: What you need to knowHelane Becker, Cowen managing director, joins 'Squawk on the Street' to discuss Delta's record stock run, why she thinks the upcoming two long weekends are big tests for the airline industry and more.

Persons: Helane Becker, Cowen

☆ Delta resumes dividend after suspension during pandemic
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

June 15 (Reuters) - Delta Air Lines (DAL.N) said on Thursday it would pay a quarterly dividend, resuming a payout that the carrier had suspended in March 2020 during the COVID-19 pandemic. The dividend, of $0.10 per share, will be paid on Aug. 7 to to shareholders of record as of the close of business on July 17, the carrier said. The resumption of the payout reflects Delta's progress on its three-year financial plan, the company said. The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June. Reporting by Aishwarya Nair in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Aishwarya Nair, Savio D'Souza Organizations: Delta Air Lines, Thomson Locations: Bengaluru

☆ Delta Air Lines resumes dividend suspended in 2020 during pandemic
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Delta Air Lines (DAL.N) said on Thursday it would pay a quarterly dividend, resuming a payout that the carrier had suspended in March 2020 during the COVID-19 pandemic. In December, Southwest Airlines (LUV.N) became the first major U.S. airline to reinstate its quarterly dividend, more than two years after suspending it in the wake of the pandemic. The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June. Delta Air Lines received $11.9 billion in U.S. assistance. In March 2020, Delta paid a $0.4025 share dividend, which was its 27th consecutive dividend at the time.

Persons: Aishwarya Nair, David Shepardson, Savio D'Souza, Alexander Smith Organizations: Delta Air Lines, U.S, Southwest Airlines, Delta, Thomson Locations: Bengaluru, Washington

With these Delta credit card offers, you can earn up to 100,000 Delta miles, which don't expire. Delta Credit Card OffersAmex Delta credit cards give you the ability to use Delta miles in a way that non-cardholders can't. However, Insider estimates that Delta miles are worth 1.1 cents each, on average, when booking award flights. That's much higher than the previous card bonus, which was 50,000 bonus miles and 10,000 MQMs after meeting minimum spending requirements. Amex Business Delta Reserve Card ReviewDo You Qualify for These Delta Card Bonuses?

Persons: cardholders, —, Insider's, you've, We're, Miles, You'll, you'll, it's Organizations: Delta, Getty, Service, American Express, Delta SkyMiles Gold American, U.S, Card, U.S . Supermarkets, PayPal, Reading Chevron, American, TSA, Delta Sky, Global, TSA PreCheck, Delta Sky Club, SkyMiles Reserve American, ®, SkyMiles ®, Delta SkyMiles ®, Delta Sky Clubs, Chevron, American Express Card, Delta Reserve, Gold Business American, Business American, Delta American Express, SkyMiles Reserve Business, SkyMiles, Delta SkyMiles, Express Locations: delta.com, U.S, Delta

☆ A woman with a lung condition is suing Delta after she says it gave her an empty oxygen tank on a flight
▼ + stars: | 2023-06-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Delta passenger with a lung condition says the crew gave her an empty oxygen tank on a flight. A Delta passenger with a lung condition is suing the airline, accusing it of giving her insufficient oxygen on a flight and saying she had to be taken to a hospital as a result. She says Delta instead provided her with an oxygen tank that was insufficient to last the 55-minute flight. Nash-Jackson says the cabin crew then gave her a second oxygen tank that turned out to be empty. In May, a Delta passenger filed a complaint to the Department of Transportation after suffering anaphylaxis on a flight.

Persons: Mattie Nash, Jackson, Nash, she'd, Sara Metzger, Metzger Organizations: Morning, Delta, Chicago O'Hare, Nash, Department of Transportation, Twitter Locations: Minnesota, Minneapolis, St.Paul, Chicago, Delta, Atlanta, Portland , Oregon

☆ United Airlines pilots union votes to authorize a strike vote
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Pilots from United Airlines take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File PhotoJune 2 (Reuters) - The United Airlines Holdings Inc (UAL.O) pilots union has unanimously voted to authorize a strike vote, the union chair said in a letter to pilots on Friday. "You'll receive more communication regarding this impending strike vote in the coming days," the letter says. A spokesman for the Air Line Pilots Association (ALPA) said it has not yet set a date for the strike vote. Since then, United pilots have been protesting for a better deal.

Persons: Eduardo Munoz, we're, United's, Kanjyik Ghosh, Gokul Pisharody, William Mallard Organizations: Pilots, United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Air Line Pilots Association, Delta Air Lines, Industry, ALPA, United, Thomson Locations: Newark , New Jersey, U.S, North America, Bengaluru

The Allied Pilots Association (APA), which represents over 13,000 pilots at Texas-based American, said on Friday it will move forward with completing contractual language before presenting the contract to its board for an approval. The sources said the contract lasts four years with pay rates comparable to those secured by pilots at Delta Air Lines (DAL.N). Delta's pilots in March ratified their contract which includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores pilots' bargaining power as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

☆ A woman says she had anaphylaxis and used 2 EpiPens on a flight after passengers were served nuts, but the plane didn't make an emergency landing
▼ + stars: | 2023-05-19 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A Delta passenger went into anaphylaxis on a flight after cabin crew served nuts to people near her. Sara Metzger said she used two EpiPens but the plane did not make an emergency landing. A Delta passenger said her flight did not make an emergency landing after she had an anaphylactic reaction to nuts and had to inject herself with two EpiPens. Metzger administered an EpiPen in a bathroom and then told crew members that the plane needed to make an emergency landing. When the plane did land, Metzger said a medical crew had to wait until other passengers left the aircraft before reaching her.

CHICAGO, May 19 (Reuters) - Pilots at American Airlines (AAL.O) have reached an agreement in principle on a new contract, their union said on Friday. The Allied Pilots Association (APA), which represents over 13,000 pilots at the Texas-based carrier, said it will move forward with completing contractual language of the contract before presenting it to its board for an approval. The deal comes over two months after Delta's pilots ratified their contract that includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores the bargaining power pilots are enjoying as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

☆ Delta CEO says proposed airline rules will lead to higher ticket prices
▼ + stars: | 2023-05-18 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Proposed government regulations for airlines could lead to higher ticket prices, Delta's CEO said. The regulations would require airlines to compensate passengers for controllable delays or cancellations. If the Biden administration introduces new regulations requiring airlines to compensate passengers for controllable cancellations and delays, ticket prices will go up, according to Delta Air Lines CEO Ed Bastian. Earlier this month, the US Department of Transportation announced plans to come up with new rules that would hold airlines more accountable for potential cancellations and delays. It does not provide compensation in the form of cash — no major US airline does that — travel vouchers, or frequent flyer miles.

☆ The best North American airlines in 2023 for every budget—from first class to economy
▼ + stars: | 2023-05-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The 2023 North America Airline Satisfaction Study, from J.D. Power this month released its 2023 North America Airline Satisfaction Study, which measures passenger satisfaction among business and leisure travelers of major airline carriers. The best airlines in North America in 2023JetBlue Airways ranked no. Alaska Airlines ranked third with an overall customer satisfaction score of 823. Southwest Airlines topped the list for best basic economy and economy.

☆ US airlines thrown a curveball as consumer habits change post-pandemic
▼ + stars: | 2023-05-10 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

Even as the thirst for travel remains strong, the changing trends are driving up airlines' operating costs and hurting revenue. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days. Frontier Airlines (ULCC.O) decided to slash flights on Tuesdays and Wednesdays by about 20%, citing weak demand. Delta Airlines (DAL.N) reported that bookings for trips inside 30 days were declining, while those outside 30 days were stronger. Last year, it denied boarding to more customers than American Airlines (AAL.O) and United, U.S. Transportation Department data shows.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Delta moves 100,000 bags daily at the world's busiest airportU.S. airlines carried more than 470 million passenger bags in 2022. For decades most bags flew for free, but in recent years fees have surged, boosting the bottom line of the nation's carriers. Bag fee revenue for U.S. airlines was more than $6.7 billion in 2022. To prevent lost luggage and ensure passengers are reunited with their bags upon arrival a complex ecosystem has evolved. CNBC got a behind-the-scenes look at at Delta's baggage operation in Atlanta to find out.

☆ How U.S. airlines make $7 billion a year from checked bags
▼ + stars: | 2023-05-07 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

U.S. airlines had baggage fee revenue of more than $6.7 billion last year, according to the Bureau of Transportation Statistics. American Airlines alone earned almost $1.4 billion from checked bags, accounting for more than 2% of the carrier's full-year revenue. For decades, most bags flew for free, but in recent years fees have surged, boosting the bottom line of the nation's carriers. U.S. carriers hauled more than 470 million passenger bags last year. So what steps do airlines take to prevent lost luggage and how does Delta Air Lines move 100,000 bags a day through the world's busiest airport?

"That's what we are looking towards as we are working with our pilots union to get a deal done." American Airlines, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are all in the middle of contract negotiations with their pilots. The carrier's pilot union said it made no concessions in the deal, which included dozens of work-rule improvements and quality-of-life related items. In an update to its members this week, United's pilot union said it is seeking similar improvements. Casey Murray, head of the Dallas-based airline's pilot union, said it has lost more pilots in the first four months of this year than it did in all of 2022.

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