Source: Inc.
Leadership at scale equals culture. And, words are a leader’s most powerful tools.
Alaska Air Warns Of Increased Cash Burn In January
Source: Benzinga
The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. On Thursday, Alaska Airlines said passenger volume and revenue since October has retreated again and Delta Air Lines (NYSE: DAL ) sounded less optimistic about the next few months. Ahead of a Jan. 26 earnings release, Alaska Air Group (NYSE: ALK ) indicated that it will drain its pool of cash at a faster rate in the first quarter of 2021 as business slows. It reported the number of passengers dipped from 1.4 million in October to 1.25 million in December and estimated it will carry 1.1 million to 1.2 million customers this month. Passenger traffic was down 64% in October from the 2019 level, but worsened to negative 70% in December and is expected to be down by two-thirds or more again in January. Alaska’s revenue was down 67% in December year-over-year, compared to 62% in October. The Seattle-based airline …
Delta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable
Source: PYMNTS
Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and travel practices may never fully return, the road to recovery has begun. The final destination, however, will be different, especially for the big-ticket business class segment. “All indications are [that] corporate travel is […]
Delta Air Lines (DAL) anticipates an acceleration in demand once vaccine distribution gains speed
Source: AlphaStreet
Shares of Delta Air Lines (NYSE: DAL) have gained 29% over the past three months. The company reported its earnings results for the fourth quarter of 2020 a day ago […] The post Delta Air Lines (DAL) anticipates an acceleration in demand once vaccine distribution gains speed first appeared on AlphaStreet .
Delta Air Lines (NYSE:DAL) Posts Earnings Results, Misses Estimates By $0.03 EPS
Source: Transcript Daily
Delta Air Lines (NYSE:DAL) announced its quarterly earnings results on Wednesday. The transportation company reported ($2.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.50) by ($0.03), MarketWatch Earnings reports. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The firm had […]
2017 Redux? DC Descends Into Dystopian Lockdown As Inauguration Day Looms
Source: Zero Hedge
2017 Redux? DC Descends Into Dystopian Lockdown As Inauguration Day Looms Remember what happened after the last inauguration? No, that isn’t excited Trump “domestic terrorists”… Peacekeeping During #Trump Inauguration Protests. Watch the full video at on YouTube at https://t.co/U2trXNTk0Q pic.twitter.com/mPHc5RWM8z — Free Hugs Project (@FreeHugsProject) January 23, 2017 It appears the authorities are expecting a replay as throughout downtown Washington, DC, roadblocks, metal fences, and National Guard troops are in the process of locking down the area around the Capitol complex ahead of President-elect Joe Biden’s inauguration on Jan. 20. USA Today reports the “entire National Mall in Washington could be shut down, more than a dozen Metro train stations will be closed” next Wednesday. The nation’s capital now has 20,000 Guardsmen deployed on and around Capitol grounds. The deployment of Guardsmen has been a continuing story since last weekend. On Sunday, 6,000 troops were expected to arrive in the metro area.
Delta Grows Cargo Revenue, Narrows Loss To $2.1B In Q4
Source: Benzinga
Delta Air Lines (NYSE: DAL ) cranked up cargo revenue in the fourth quarter to $204 million, a 10% gain over the same period a year ago and a big improvement from the prior two quarters. Overall, the company met Wall Street expectations with an adjusted pretax loss of $2.1 billion on $4 billion in revenue. The pretax loss of $2.53 per share came in slightly higher than the consensus among analysts of $2.50 and revenue was also above the estimate of $3.6 billion. In the third quarter, Delta’s pretax loss was $2.6 billion. Fourth-quarter revenue was 69% below the 2019 period and the carrier operated at 38% of its seat capacity. Delta projects it will stop burning cash reserves in the spring, but how it gets there remains unclear. It reported an average cash burn of $12 million per day in the fourth quarter and shows no improvement in that area for the first quarter of 2021 ($10 million to $15 million daily). The burn rate is about 90% better, however, than it was at the start of the pandemic in March.
Delta Air Lines reports huge annual loss but eyes better 2021
Delta Puts Passengers Who Heckled Republican Senators on No-Fly List
Source: Breitbart News
Delta Air Lines has placed customers who recently confronted Sen. Mitt Romney (R-UT) and Sen. Lindsey Graham (R-SC) on its no-fly list, CEO Ed Bastian told Reuters.
Delta bans firearms from DC-bound luggage ahead of Biden inauguration
Source: New York Post
Delta Air Lines will prohibit Washington, D.C.-bound flyers from checking firearms ahead of the inauguration of President-elect Joe Biden, the company said Thursday. The ban will be in effect Saturday, Jan. 16 to Saturday, Jan. 23, a Delta rep told The Post. “We’re all on high alert based on the events of the last couple…
