Tag: $Delta Air Lines

Delta Air Lines scrapped its full-year guidance Wednesday and warned “growth has largely stalled” amid economic uncertainty around global trade.

Shares of the “Big Three” U.S. carriers slumped in premarket trading on Tuesday after disappointing forecast adjustments from Delta Air Lines and American Airlines sparked concerns about the impact of a slowing economy on travel demand.

At least 18 people were injured after a Delta Air Lines regional jet crashed upon landing at Toronto Pearson International Airport and flipped over on Monday afternoon, but all survived, officials said.

Delta Air Lines forecast 2025 profit above Wall Street expectations on Friday, thanks to robust demand for premium travel and the industry’s improved pricing power, sending its shares up nearly 8% in premarket trading.

Delta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the airline ends its eight-year partnership with smaller ride-hailing rival Lyft.

Delta Air Lines on Wednesday said sales would grow in 2025, citing a “resilient economy” for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years.

The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier.

Delta Air Lines CEO Ed Bastian said the carrier would take a $500 million hit related to the CrowdStrike outage, CNBC reported on Wednesday.

Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.

Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its projection fell short of analysts’ estimates as carriers discounted fares after expanding flights.

Delta swung to a profit in the first quarter with record sales for the period.

Delta capped a year of strong travel demand, especially for international travel.

Delta Air Lines’ profit rose nearly 60% in the third quarter.

Delta Air Lines posted its highest quarterly revenue and earnings ever thanks to scorching travel demand that has defied fears of an economic slowdown for months.

Delta Air Lines on Tuesday raised its second-quarter forecast and estimated full-year adjusted earnings of $6 a share, at the high end of estimates it gave last April as strong travel demand and trade-ups to more expensive fare classes continue to drive growth.

Tesla ’s record winning streak may have come to an end but another all-time stock run is still going.