Boarding1Now/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) slid on Thursday after rattling investors with cautious guidance. Revenue was up 7.2% year-over-year to a record tally for the quarter of $16.7 billion. Premium revenue increased 10%, with premium unit revenues positive year-over-year. Loyalty revenue was up 8%, driven byContinue Reading
Lukas Wunderlich/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) inched lower on Wednesday, ahead of its second-quarter results on July 11, before the opening bell, with investors expecting another quarter of robust demand. Ed Bastian, chief executive of Delta, last month showed optimism about the summer travel season. BastianContinue Reading
Imilian Next week marks the beginning of earnings season, with several big companies across the financial, consumer and technology sectors set to release their quarterly results. Investors will be keenly watching reports from PepsiCo (NASDAQ:PEP), Delta Air Lines (NYSE:DAL), Ericsson (NASDAQ:ERIC), JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C). BelowContinue Reading
Minerva Studio/iStock via Getty Images Delta Apparel filed for Chapter 11 bankruptcy protection in the District of Delaware court on June 30. As part of the bankruptcy filing, Delta Apparel estimated that it had assets of $100 million to $500 million vs. liabilities of $100 million to $500 million. TheContinue Reading
