Delta Air Lines (DAL) management recently announced a 50% hike in its quarterly dividend payout. This was the first dividend increase announced by DAL since its resumption of quarterly dividend payments last year following the COVID-induced hiatus. Under the CARES Act, airlines were prohibited from paying dividends or buying back shares till Sep 30, 2022. Coming back to Delta’s shareholder-friendly move, the airline heavyweight raised its quarterly dividend to 15 cents per share (annualized 60 cents per sha ...

In this articleDALThe bar at the Delta One lounge at New York's John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Air Lines' most exclusive airport lounge opens this week to travelers flying on the right ticket.The Delta One lounge at the carrier's hub in John F. Kennedy International Airport will open Wednesday to customers departing or arriving in the Delta One cabin, the airline's highest tier of service. It's U.S. airlines' latest effort to win over top-paying customers. CNBC got a peek i ...

An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is to make sure his carrier stays on top.The airline's unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors' last year. Delta's share price has soared almost 23% in 2024, more than any rival in the rocky airline sector, in a rally that's outdone the S&P 500's. It expects free cash flow to rise as much ...

Microsoft Chief Technology Officer and Executive Vice President of Artificial Intelligence Kevin Scott speaks at the Microsoft Briefing event at the Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024.The debate over when the Federal Reserve will start to lower interest rates, and the persistence of the artificial intelligence frenzy, are the two key factors that have been influencing the U.S. stock market. Meanwhile, concerns about the course of the economy continue to affect ...

In a shareholder-friendly move, Delta Air Lines (DAL) announced a hike in its dividend payout. DAL’s board of directors approved a dividend hike of 50%, thereby raising its quarterly cash dividend to 15 cents from 10 cents per share. The raised dividend will be paid out on Aug 20, 2024, to all its shareholders of record as of Jul 30. The move reflects DAL’s intention to utilize free cash to enhance its shareholders’ returns.   DAL has been consistently making efforts to reward its shareholders, which is enc ...

viper-zero Introduction In my previous article, I had a buy rating on Delta Air Lines (NYSE:DAL). The article focused on why my view of the company changed from negative to positive. At the time, my primary arguments focused on negative macroeconomic headwinds that I thought would cause hindrance and have not materialized. Unemployment rates and consumer confidence remained strong, while the consumer loan delinquency rate growth was slowing down. Today, I continue to stand by my bullish thesis, even after t ...

ATLANTA, June 20, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share, an increase of 50% over previous levels. The dividend is payable to shareholders of record as of the close of business on July 30, 2024, and will be paid on August 20, 2024.About DeltaThrough the warmth and service of Delta Air Lines (NYSE: DAL) people and the power of innovation, Delta never stops looking for ways to make every trip feel tailored to every customer.Th ...

The most recent trading session ended with Delta Air Lines (DAL) standing at $49.58, reflecting a -0.26% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%.Shares of the airline have depreciated by 6.19% over the course of the past month, underperforming the Transportation sector's loss of 4.81% and the S&P 500's gain of 3.34%.Investors will be eagerly ...

A Delta Air Lines' Airbus A350-900 aircraft is displayed during an unveiling event for Delta's team ... [+] USA livery for the Paris 2024 Olympic Games, at the Airbus delivery centre in Toulouse, south-western France on May 2, 2024. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)AFP via Getty ImagesDelta (NYSE: DAL) saw its net income surge by 3.5x y-o-y to $4.6 billion in 2023. This can primarily be attributed to higher revenues, lower fuel and interest costs, and a gain on the sale of s ...

In a customer-friendly move, Delta Air Lines (DAL) announced the most expansive winter schedule for yet to popular ski destinations. The 2024-25 winter schedule, operative between Dec 21, 2024, and Mar 30, 2025, sees a nearly 10% increase in seat capacity from the year-ago levels.Per DAL’s plan, either it will operate flights with a higher frequency or begin new service to popular ski destinations like Aspen, Bozeman, Jackson Hole, Montrose/Telluride, Steamboat Springs, Sun Valley and Vail. DAL’s daily flig ...