UAW President Shawn Fain and AFA President Sara Nelson walked the Delta Detroit terminal on ... [+] Wednesday..UAWOn a continuing campaign to organize Delta flight attendants, Sara Nelson enlisted Shawn Fain to join her in a stroll through a crowded Detroit airport on Wednesday afternoon, an effort to boost visibility as the union seeks signatures on union cards.“This walk is cutting through the fear cloud,” said Nelson, president of the Association of Flight Attendants, as the two top labor leaders walked ...

Delta Air Lines will once again carry Team USA to the 2024 Olympics in Paris Nirian/iStock Unreleased via Getty Images The year 2024 started out with a number of significant news items that impacted the global and U.S. aviation industry. As the New Year began, a fiery accident at Japan's Tokyo Haneda airport involving two Japanese military and Japan Airlines aircraft shook an industry that has seen the rate of accidents drop as aviation becomes accessible to more and more of the world. Shortly after that, a ...

Financial Performance - In 2023, Delta Air Lines achieved strong profitability with $2 billion of free cash flow for the year[29]. - Total operating revenue for 2023 reached $58,048 million, a 14.5% increase from $50,582 million in 2022[362]. - Net income for 2023 was $4,609 million, significantly up from $1,318 million in 2022, representing a 249% increase[362]. - Operating income improved to $5,521 million in 2023, compared to $3,661 million in 2022, marking a 50.7% increase[362]. - Basic earnings per share for 2023 was $7.21, up from $2.07 in 2022, representing a 248.8% increase[362]. - Comprehensive income for 2023 was $4,565 million, compared to $2,647 million in 2022, indicating a 72.3% increase[365]. - Cash flows from operating activities were $6,464 million in 2023, slightly up from $6,363 million in 2022[367]. Debt and Liabilities - The company repaid approximately $4.1 billion in debt and finance lease obligations during 2023, aiming to regain investment grade metrics[30]. - As of December 31, 2023, Delta had $16.8 billion of fixed-rate debt and $1.9 billion of variable-rate debt, with a potential $716 million decrease in fair value from a 100 basis points increase in interest rates[339]. - Total current liabilities rose to $26,418 million in 2023, compared to $25,940 million in 2022, an increase of 1.8%[359]. - Total noncurrent liabilities decreased to $36,121 million in 2023 from $39,766 million in 2022, a reduction of 9.0%[359]. - Total outstanding debt is $18,610 million as of December 31, 2023, down from $21,381 million in 2022[463]. - The company repurchased $1.4 billion of various secured and unsecured notes during 2023, resulting in a $63 million loss on extinguishment of debt[456]. - Future debt maturities total $18,693 million, with $2,633 million due in 2024[466]. Revenue Sources - Total passenger revenue for the year ended December 31, 2023, was $48.9 billion, a 21.5% increase from $40.2 billion in 2022[402]. - Passenger ticket sales contributed $43.6 billion to total passenger revenue in 2023, up from $35.6 billion in 2022, representing a 22.4% increase[402]. - The loyalty travel awards revenue reached $3.5 billion in 2023, compared to $2.9 billion in 2022, marking a 19.5% increase[402]. - Total cash sales from marketing agreements related to the loyalty program were $6.9 billion in 2023, up from $5.7 billion in 2022, reflecting a 21.1% growth[413]. - The loyalty program deferred revenue balance at December 31, 2023, was $8.4 billion, an increase from $7.9 billion at the end of 2022[419]. - Domestic passenger revenue for 2023 was $34.0 billion, a 12.5% increase from $30.2 billion in 2022[425]. Investments and Assets - The company recorded a net gain of $1.3 billion related to the valuation of its fair value investments during 2023[342]. - The total carrying value of equity investments increased from $2,128 million in 2022 to $3,457 million in 2023, reflecting significant growth in strategic partnerships[436]. - Delta Air Lines recorded a $786 million mark-to-market gain on its investment in Wheels Up based on the closing price of its shares as traded on the New York Stock Exchange[442]. - The fair value of long-term investments and related assets was $2,867 million as of December 31, 2023, with $2,614 million classified as Level 1[430]. - The fair value of cash equivalents decreased from $2,021 million in 2022 to $1,545 million in 2023, indicating a reduction in liquid assets[430]. - Delta's total property and equipment, net, increased to $35,486 million in 2023, up from $33,109 million in 2022, representing a growth of approximately 7.2%[388]. Operating Costs and Expenses - Cash and cash equivalents decreased to $2,741 million in 2023 from $3,266 million in 2022, a decline of 16.1%[359]. - Delta's depreciation and amortization expense for property and equipment was $2.3 billion in 2023, compared to $2.1 billion in 2022, reflecting an increase of about 9.5%[388]. - The company declared dividends of $0.20 per share, totaling $129 million for the year 2023[371]. - The company's advertising expenses were $347 million in 2023, up from $302 million in 2022, indicating a 14.9% increase[399]. - Total other revenue for 2023 was $8.4 billion, a decrease from $9.3 billion in 2022, primarily due to lower refinery sales[421]. Pension and Benefits - Costs associated with defined contribution pension plans were approximately $1.2 billion in 2023, up from $1.0 billion in 2022[498]. - The benefit obligation for pension benefits at the end of 2023 was $15,911 million, a slight increase from $15,811 million in 2022[502]. - The funded status for pension benefits at the end of 2023 was $(145) million, worsening from $(90) million in 2022[503]. - The net periodic cost for pension benefits in 2023 was $130 million, a significant increase from a benefit of $(453) million in 2022[504]. - The actual gain on plan assets for pension benefits in 2023 was $1,142 million, a recovery from a loss of $(2,517) million in 2022[502]. Future Commitments and Projects - Future aircraft purchase commitments amounted to approximately $17.5 billion at December 31, 2023, with specific commitments for 2024 through 2028 detailed[526]. - The company has a total of 312 aircraft purchase commitments, including 77 A220-300 and 100 B-737-10 aircraft[527]. - The redevelopment project at New York-JFK Airport is estimated to cost approximately $1.6 billion, with construction substantially completed in 2023[484]. - The terminal redevelopment project at Los Angeles International Airport is expected to cost around $2.4 billion, with net project costs anticipated to be approximately $600 million[487]. - The LaGuardia Airport terminal redevelopment project is projected to cost $4.3 billion, with approximately $3.7 billion spent to date[494].

Delta Air Lines announced that the first of its premium lounges will open this year for travelers on both coasts.  The news comes after the company came under fire for changing its loyalty program and restricting access to its clubs late last year. Delta said the premium lounges will open at airports in New York, Boston and Los Angeles as soon as this summer and that access guidelines are still being finalized.  "We want each of our guests to receive a highly personalized and dedicated level of service," Cl ...

Delta Air Lines (DAL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this airline have returned -4.5%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Transportation - Airline industry, which Delta falls in, has gained 2.1%. The key question now is: What could be the stock's future direction?Although media reports or ...

ATLANTA, Feb. 9, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will participate in a fireside chat at the Barclays Industrial Select Conference at 9:10 a.m. ET on Thursday, February 22nd, 2024.  The company will also present at the J.P. Morgan Industrials Conference at 7:45 a.m. ET on Tuesday, March 12th, 2024. A live webcast of these events will be available at ir.delta.com.  An online replay will be available at the same site shortly after each webcast is complete. About Delta No one better connects the ...

ATLANTA, Feb. 8, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on Feb. 26, 2024, and will be paid on March 18, 2024. About Delta No one better connects the world Through the warmth and service of Delta Air Lines (NYSE: DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer. 100,000 D ...

Delta Air Lines announced plans to debut a higher tier of exclusive airport lounges — just months after outraging travelers by clamping down on access to its Sky Club.The first of Delta’s newest “premium” lounges is scheduled to open at New York’s John F. Kennedy International Airport in June, the Atlanta-based airline said in a press release issued Thursday.The inaugural lounge is anticipated to span 38,000 square feet, with a full-service brasserie, market and dedicated wellness areas, per the announceme ...

Delta Air Lines' popular airport lounges are getting a more exclusive tier, in the airline's latest push to cater to high-spending travelers.The first "premium" lounge is scheduled to open in June at New York's John F. Kennedy International Airport, and at 38,000 square feet, it will be the largest of the carrier's lounges, Delta said on Thursday. Other high-end Delta lounges will open in Boston and Los Angeles later this year.Delta has been building up its network of Sky Clubs in recent years to cater to s ...

The fourth-quarter earnings picture for the transportation sector has been unimpressive. This is especially true as earnings of 91.8% of the market capitalization of the sector are down 15.6% on a 0.7% revenue decline. The earnings and revenue beat ratios came in at 72.7% and 63.6%, respectively.As such, transportation ETFs have seen mixed performances over the past month. iShares U.S. Transportation ETF (IYT) and First Trust Nasdaq Transportation ETF (FTXR) have risen 3.4% and 0.9%, respectively, while SPD ...