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DAL

Delta Air Lines, Inc.

5/21/2013, 3:01 PM ET

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Monday, May 20, 11:21 AM Senator Charles Schumer wants airlines to reverse their steep increase on flight change fees after Delta Air Lines (DAL -0.5%), United Airlines (UAL -1.1%), American Airlines (AAMRQ.PK), and U.S. Airways (LCC -0.6%) all bumped off their charge to $200 from $150. Last year, the top airlines collected $2.6B in reservation change fees which accounted for a decent portion of the overall growth in the industry. 3 Comments [Consumer]
Thursday, May 16, 6:53 AM European Union regulators will make a decision by June 20 on if they will approve a purchase by Delta Air Lines (DAL) of a 49% stake in Virgin Atlantic. The two carriers want to set up a joint venture that will allow more flights in and out of Heathrow airport in London. Comment! [Consumer]
Tuesday, May 14, 12:57 PM U.S. airlines collected $6B in baggage fees (+3.8% Y/Y) and reservation change fees (+7.3%) last year as the industry's model continues to shift. This year looks like it could bring airliners an even bigger haul with American Airlines (AAMRQ.PK), Delta Airlines (DAL +1.7%), United Continental (UAL +1.2%), and US Airways (LCC +2.4%) all raising their domestic flight fee change 33% higher to $200 while Southwest Airlines (LUV +0.5%) adds some cancellations fees of its own. 2 Comments [Consumer]
Monday, May 13, 7:08 AM Global airline stocks trade weak in European markets after concerns about a new virus intensify. The novel coronavirus infection has killed over 34 people and can be transmitted between humans, according to the World Health Organization. On watch: Delta Air Lines (DAL), United Continental (UAL), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), Latam Airlines (LFL), Air France-KLM (AFLYY.PK), Deutsche Lufthansa (DLAKY.PK) Comment! [Consumer, On the Move]
Wednesday, May 8, 2:32 PM Behind Delta Air Lines' (DAL +2.8%) new buyback plan and quarterly dividend marks a paradigm shift at the company, according to CEO Richard Anderson. The change in the capital structure of the carrier also includes a reduction of Delta's debt position as it looks "de-risk" the balance sheet on top of the capital allocation. Will the airline industry (UAL, LCC, JBLU, RJET, ALK, HA, LUV, AAMRQ.PK) finally revert to a business model that throws off cash flow and rewards investors? 1 Comment [Consumer]
Wednesday, May 8, 8:22 AM Delta Air Lines (DAL) initiates a quarterly dividend of $0.06 a share and announces a $500M buyback plan. The carrier will return over $1B to shareholders in the next three years through the two measures. DAL +2.1% premarket. 5 Comments [Consumer]
Friday, May 3, 1:55 PM Global airline passenger traffic picked up in March, according to the latest batch of data from IATA. International traffic was up 6% while domestic traffic grew at a 5.7% clip. Analyst Rahul Sharma notes emerging markets helped drive the growth and thinks recent fare increases shows confidence by the group that demand will sustain. Global carriers to watch: Ryanair (RYAAY, Emirates, Cathay Pacific Airways (CPCAY.PK), Singapore Airways (SINGY.PK), Delta Air Lines (DAL), United Continental (UAL), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA),Gol Linhas (GOL), and Latam Airlines (LFL). Comment! [Consumer, Global & FX]
Thursday, May 2, 11:26 AM Delta Air Lines (DAL +2.3%) reports consolidated passenger revenue fell off 2% Y/Y in April due to soft domestic demand, but that it still forecasts May and June unit revenues will improve modestly. Comment! [Consumer]
Sunday, April 28, 2:57 AM Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. 18 Comments [Consumer, U.S. Economy]
Friday, April 26, 12:27 PM The squeaky wheel gets the grease as the U.S. House votes to approve a bill to end the furlough of FAA employees. Those that bought airline stocks (FAA) on Monday when overwrought reports of long delays at U.S. airports rattled the sector made a good call. 3 Comments [Consumer, On the Move, U.S. Economy]
Friday, April 26, 4:25 AM Moving at lightening speed and foregoing debate, the Senate last night unanimously voted to approve a bill that allows the Department of Transportation to use unspent funds to cover the costs of air traffic controllers and end the furloughs that were prompted by sequestration and have caused widespread flight delays. The House could take up the legislation today and is expected to approve it. 5 Comments [Consumer]
Thursday, April 25, 6:25 AM Senators from both parties have introduced legislation aimed at easing the airport congestion and flight delays caused by sequestration. One bill would give the Department of Transportation and FAA the ability to move funds between different accounts in order to reduce the furloughs for air-traffic controllers. The leaves of absence have so far been distributed evenly among all controllers, regardless of whether they work at busy or quiet airports. 5 Comments [Consumer]
Wednesday, April 24, 1:25 PM Airline travel analysts think other carriers will match the $50 increase to $200 in United Continental's (UAL +1.3%) ticket change fee. Part of the rationale behind the change is to increase the incentive for business travelers to buy more expensive tickets with flexibility on ticket changes built in. Keeping up its lone wolf ways, Southwest Airlines (LUV +0.6%) will stick with its policy of no change fees. 1 Comment [Consumer]
Wednesday, April 24, 10:43 AM Delta Air Lines' (DAL) Trainer refinery lost $22M in Q1 following a $63M loss in 2012's Q4, but results will begin to change in Q2, Adam Levine-Weinberg says, as DAL begins moving domestic fuel to Trainer by rail and begins to benefit from Hess’ decision to close its Port Reading refinery. But however you slice it, ownership of Trainer means DAL has one more downside risk than its airline peers. 1 Comment [Energy, Consumer]
Wednesday, April 24, 6:32 AM The airline industry (FAA) doesn't think carriers should be fined by the DOT for tarmac delays due to the reduced number of air traffic controllers working this week following mandated furloughs. Two industry groups have filed a motion asking the DOT to suspend the three-year old tarmac rule. 7 Comments [Consumer]
Tuesday, April 23, 9:40 AM Shares of Delta Air Lines (DAL +2.9%) are higher after the carrier puts in what it calls its best Q1 in over a decade. Domestic airline revenue was up 6.1% during the period to partially make up for weak revenue from Atlantic routes and sharply reduced capacity on regional flights. The carrier reports passenger revenue per mile increased 4.1% as it made the most of lower capacity. Fuel expenses fell $78M compared to last year - but it wasn't due to the Trainer refinery which was a money loser. Comment! [Consumer, On the Move]

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