United Parcel Service, Inc. (UPS) first-quarter 2024 earnings per share of $1.43 beat the Zacks Consensus Estimate of $1.33 but declined 35% year over year. Revenues of $21,706 million fell short of the Zacks Consensus Estimate of $21,960.6 million and decreased 5.3% year over year.UPS generated $3,316 million of net cash from operating activities in the first quarter. Capital expenditures were $1,035 million. Free cash flow was $2,280 million.U.S. Domestic Package revenues decreased 5% year over year to $1 ...

Delta Air Lines employees are getting a 5% raise across the board and minimum starting pay will be raised to $19 an hour starting June 1, the company announced Monday. "Delta’s leading position comes thanks to a simple concept that dates back nearly a century – invest in our people first, and they will deliver great service and experiences for our customers," CEO Ed Bastian said in a memo to all employees. "That’s exactly what you do, and it always sets us apart."  The pay hikes announcement comes roughly t ...

Delta Air Lines jets are seen on a taxiway at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. December 22, 2021.Delta Air Lines said it is raising staff pay by another 5% this year as the country's most profitable airline prepares for the busy summer travel season.The pay increase, which starts June 1, applies to workers including flight attendants, ground handlers, mechanics and some office workers, among others. It does not apply to pilots, who are unionized and ratified a contr ...

Despite challenges such as inflation and safety concerns, including the Boeing 737 Max 9 door plug incident, demand for flights persists. United Airlines' (UAL) Chief Commercial Officer, Andrew Nocella, anticipates record-breaking numbers of travelers this summer.The same was the tone of Delta Air Lines (DAL) ’ CEO Ed Bastian. Delta’s demand continues to be strong, with a record spring and summer travel season. Delta’s 11 highest sales days in its history happened this calendar year, as quoted on CNBC.Unite ...

Core Viewpoint - The investment case for Delta Air Lines has strengthened due to excellent earnings results, making it a strong long-term growth stock option for investors [1] Group 1: Financial Performance - Delta's first-quarter adjusted revenue growth was 6%, with total revenue per available seat mile (TRASM) at 19.17 cents, slightly down from 19.3 cents year-over-year [3] - Non-fuel cost per available seat mile (CASM-Ex) increased by only 1.5% to $14.08, better than the forecasted 3% increase [3] - The overall CASM decreased to 20.04 cents from 21.25 cents in the same quarter last year, contributing to a year-over-year adjusted operating margin increase from 4.5% to 5.1% [3][4] Group 2: Future Guidance - For the second quarter, Delta expects adjusted revenue growth of 5%-7% driven by capacity growth of 6%-7% and a CASM-Ex increase of 2% [4] - Management maintained its full-year guidance, indicating confidence in the summer travel season's performance [4] Group 3: Revenue Composition - Delta is focusing on premium travelers, with premium ticket sales increasing by 10% to $4.41 billion, while loyalty travel awards revenue grew by 14% to $0.84 billion [6][5] - Total loyalty revenue increased by 12%, with American Express remuneration expected to grow from $6.8 billion in 2023 to $10 billion over the long term [5] Group 4: Debt Management - Delta repaid $700 million in debt during the quarter, with a plan to repay $4 billion in 2024, which is expected to improve its debt-to-earnings multiples [7] - The stock is trading at 7.3 times 2024 Wall Street earnings expectations and less than 9 times 2024 free-cash-flow expectations, indicating strong value [7]

Delta Air Lines Airbus A330-900neo wide body passenger aircraft spotted while towed in Amsterdam ... [+] Schiphol Airport AMS EHAM with the air traffic control tower visible, towards the gates of the airport terminal to operate the flight DL143, departing to Seattle SEA in the USA. Amsterdam, Netherlands on April 11, 2024 (Photo by Nicolas Economou/NurPhoto via Getty Images)NurPhoto via Getty ImagesDelta (NYSE: DAL) reported its Q1 results earlier this week, with revenues aligning and earnings beating the s ...

British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021.International travel roared back last year, pushing airports from London to Tokyo up in a global ranking of passenger traffic.Dubai International Airport ranked second-busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airport Council International's preliminary ranking, which was released on Monday. Passenger traffic to Tokyo Haneda International Airport jumped 55% last yea ...

Delta stock's not an obvious bargain yet -- but at least it is profitable again.Delta Air Lines (DAL -1.62%) reported terrific earnings last week -- $0.45 per share (adjusted for one-time items), a full $0.10 above what most Wall Street analysts predicted for the airline. Delta followed up on the good Q1 news by predicting ahead-of-consensus earnings for Q2 as well, and 2024 as a whole, sparking a series of upgrades on Wall Street.Notable among these was a note from Susquehanna's Christopher Stathoulopoulos ...

Two United pilots check on their airplane.United Airlines In one substantial way, American Airlines’ contract with its pilots union differs from the contracts at Delta and United. American’s contract does not specify that its airplanes will be operated with two pilots in the cockpit.The issue is important as Airbus, now the world’s dominant aircraft manufacturer, pushes efforts to move towards single pilot operation. The European Union Aviation Safety Agency, known as EASA, is studying extended minimum crew ...

The airline is a lot more than just a people carrier; it's a play on the premium travel market.Delta Air Lines (DAL 3.01%) received a slew of analyst upgrades recently, including one from a Deutsche Bank analyst who rated the stock a buy and increased the price target from $50 to $60. That represents a 26% upside from the current price over the next 12 months.The upgrades come after a well-received set of first-quarter earnings. The analyst argues that the quarter's earnings report sets the company up nicel ...