Categories AlphaGraphs, Earnings, Industrials
DAL Earnings: Key highlights from Q1 2020 Earnings Results
Earnings results for the period ended March 31, 2020
Delta Air Lines (NYSE: DAL) reported revenue of $8.6 billion, down 18% year-over-year. The company posted GAAP loss of $0.84 per share vs. income of $1.09 per share in the first quarter of 2019.
Amid COVID19 impact, Delta has raised a capital of $5.4 billion in early March and suspended shareholder returns, including its stock repurchase program and future dividend payments.
Paul Jacobson, CFO said:
“With the significant impact of COVID-19 on Delta’s revenue, we were burning $100 million per day at the end of March. Through our decisive actions, we expect that cash burn to moderate to approximately $50 million per day by the end of the June quarter.”
Shares up 3.3% during the pre-market hours following the earnings announcement.
Past Performance
Will the Airline Industry Evolve or Die After the Black Swan-ish Disruption?
Is the airline industry staring at an evolutionary cycle after the Coronavirus-induced Pandemic that has no parallels in the past? What was the thought process of top airline executives as Covid-19 unfolded? Were they prepared? What lies ahead? We try to find out from the treasure trove of Earnings Transcripts & Press Releases.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
