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2021-07-14
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Delta posts first profit since 2019 thanks to federal aid, improving revenue as travelers return
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Thank you!","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/144924796","repostId":1122300953,"repostType":4,"repost":{"id":"1122300953","kind":"news","pubTimestamp":1626262457,"share":"https://www.laohu8.com/m/news/1122300953?lang=&edition=full","pubTime":"2021-07-14 19:34","market":"us","language":"en","title":"Delta posts first profit since 2019 thanks to federal aid, improving revenue as travelers return","url":"https://stock-news.laohu8.com/highlight/detail?id=1122300953","media":"CNBC","summary":"Delta Air Lineson Wednesday reported second-quarter revenue that topped Wall Street's estimates and ","content":"<div>\n<p>Delta Air Lineson Wednesday reported second-quarter revenue that topped Wall Street's estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/delta-air-lines-dal-results-q2-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelta posts first profit since 2019 thanks to federal aid, improving revenue as travelers return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 19:34 GMT+8 <a href=https://www.cnbc.com/2021/07/14/delta-air-lines-dal-results-q2-2021.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Delta Air Lineson Wednesday reported second-quarter revenue that topped Wall Street's estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/delta-air-lines-dal-results-q2-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空"},"source_url":"https://www.cnbc.com/2021/07/14/delta-air-lines-dal-results-q2-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1122300953","content_text":"Delta Air Lineson Wednesday reported second-quarter revenue that topped Wall Street's estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns.\nThe Atlanta-based airline posted a profit of $652 million, snapping a five-quarter streak of losses, thanks to federal coronavirus aid that offset some of its costs.\nDelta shares were up 1.4% in premarket trading after it released results.\nWhile still hamstrung by weak international air travel, revenue will continue to improve compared with recent months, Delta said. For the third quarter, Delta said it expects revenue will be down 30% to 35% over 2019, when it brought in $12.56 billion before the pandemic.\nDelta and some other airlines often compare their results to 2019 before the pandemic since the virus had created such dramatic shifts in demand last year\nHere's how Delta performed in the second quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:\n\nAdjusted results per share: a loss of $1.07 versus an expected loss of $1.38 a share\nTotal revenue: $7.13 billion versus expected $6.22 billion in revenue\n\nRevenue for the three months ended June 30 came in at $7.13 billion, down 43% from the $12.54 billion it generated during the same period in 2019 but more than the $6.22 billion analysts expected.\n\"Looking forward, we are harnessing the power of our differentiated brand and resilient competitive advantages to drive towards sustainable profitability in the second half of 2021 and enable long-term value creation,\" CEO Ed Bastian said in an earnings release.\nDelta had $17.8 billion in liquidity at the end of the quarter and total debt and lease obligations of $29.1 billion.\nDelta said its third-quarter capacity will be down 28% to 30%. Its capacity was down 32% in the second quarter, though the airlinewas blocking middle seatsuntil May 1.\nDelta late Monday announced it was adding used aircraft to grow its fleet: leasing seven Airbus A350 wide-body planes and buying 29Boeing737-900ERs. Its said its 2021 gross capital expenditures would total around $3.2 billion.\nAdjusting for one-time items including $1.5 billion in federal payroll aid, Delta had an adjusted loss of $881 million or $1.07 per share, better than the $1.38 per-share adjusted loss analysts expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/144924796"}
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