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MarketScreener Homepage  >  Equities  >  Nyse  >  Delta Air Lines Inc.    DAL

DELTA AIR LINES INC.

(DAL)
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Delta Air Lines : resumes normal operations as Tropical Storm Barry weakens (Article)

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07/14/2019 | 10:05am EDT

Delta teams in the Louisiana Gulf Coast region are working together with teams in the airline's Operations and Customer Center as normally scheduled flights are expected to continue on Sunday across the region. Saturday morning and afternoon saw a total of approximately 50 flights cancelled in Louisiana between Delta and Delta Connection.

As Tropical storm Barry continues to weaken along its path, the storm is forecast to be downgraded to a Tropical Depression by Sunday afternoon - bringing with it a few inches of continued rain in the region through Monday. Winds are expected to remain below safe operating limits at all airports through the remainder of the storm.

Saturday evening saw the beginning of Delta's operational recovery - operating its scheduled end of day arrivals into New Orleans, Baton Rouge and Lafayette that remained overnight for Sunday morning departures, as scheduled.

A weather waiver remains in effect through Sunday, in addition to capped fares for customers traveling through cities along the Gulf Coast of Louisiana, Mississippi and Alabama - allowing customers with travel scheduled to, through or from the six airports between Friday, July 12 and Sunday, July 14, to make a one-time change to their itinerary without incurring a change fee.

Customers are encouraged to check their flight status on Delta.com or the Fly Delta Mobile App. Customers can also get updates sent directly to their mobile device or by email with One-Time Flight Notification.​​​

More information about Delta weather waivers is available here.

Delta is working with the American Red Cross to help provide food, shelter and cleanup services to those in need. To help those impacted by Tropical Storm Barry, please visit Delta's microsite to donate to the American Red Cross, or donate Delta SkyMiles through Skywish, the charitable arm of Delta's SkyMiles frequent flier program.

Saturday, 5:45 p.m.

Delta is preparing to operate its scheduled flights into the Gulf Coast this evening eyeing a quick recovery following Tropical Storm Barry making landfall as a hurricane Saturday morning. The aircraft arriving Saturday evening will remain overnight and operate Sunday morning's departures. The decision to restart flights was made as conditions began to improve in the region throughout Saturday afternoon - particularly in New Orleans and Baton Rouge, where all departures and most arrivals were cancelled early Saturday morning.

With the worst of the storm's impact in New Orleans and Baton Rouge dissipating, Delta's team of meteorologists is placing more of its focus on the Louisiana communities of Alexandria and Lafayette, where Barry is forecast to hit around daybreak on Sunday.

As the bulk of the storm's severe winds begin to decrease below levels of concern at airports in the region, flooding and other infrastructure challenges will be closely monitored by the airline's teams on the ground and in the airline's Operations and Customer Center through the remainder of the weekend. Delta's top priority of customer and employee safety will be kept top of mind as any future potential changes to flight schedules are made in close consultation with local leadership in the region.

A weather waiver remains in effect through Sunday, in addition to capped fares for customers traveling through cities along the Gulf Coast of Louisiana, Mississippi and Alabama - allowing customers with travel scheduled to, through or from the six airports between Friday, July 12 and Sunday, July 14, to make a one-time change to their itinerary without incurring a change fee.

Customers are encouraged to check their flight status on Delta.com or the Fly Delta Mobile App. Customers can also get updates sent directly to their mobile device or by email with One-Time Flight Notification.​​​

Continue to monitor Delta News Hub for ongoing updates.

More information about Delta weather waivers is available here.

Delta is working with the American Red Cross to help provide food, shelter and cleanup services to those in need. To help those impacted by Tropical Storm Barry, please visit Delta's microsite to donate to the American Red Cross through Skywish, the charitable arm of Delta's SkyMiles frequent flier program.

Saturday, 10:20 a.m.

Delta has cancelled all departures from New Orleans and Baton Rouge for Saturday as strong winds have impacted the region earlier than anticipated. While many arrivals into the two cities have also been cancelled, the last inbound flights scheduled to remain overnight are expected to operate as scheduled, pending necessary changes as the storm moves through the Gulf Coast.​​

A weather waiver remains in effect through Sunday, in addition to capped fares for customers traveling through cities along the Gulf Coast of Louisiana, Mississippi and Alabama - allowing customers with travel scheduled to, through or from the six airports between Friday, July 12 and Sunday, July 14, to make a one-time change to their itinerary without incurring a change fee.

Earlier this week, the airline also capped one-way non-stop and connecting fares to and from six cities on the Gulf Coast in an effort to help those choosing to leave the affected area, ranging by cabin, flight distance and market. Nonstop flights between the affected areas and Delta's central and eastern hubs are capped at as low as $299 in the Main Cabin, while flights to and from Delta's western hubs are capped at $399 for the Main Cabin. For connecting itineraries, flights are capped between roughly $399 and $9 99 depending on mileage.

Customers are encouraged to check their flight status on Delta.com or the Fly Delta Mobile App. Customers can also get updates sent directly to their mobile device or by email with One-Time Flight Notification.​​​

Continue to monitor Delta News Hub for ongoing updates.

More information about Delta weather waivers is available here.

Thursday, 9:40 p.m.

Delta has issued a weather waiver and capped fares for customers traveling through cities along the Gulf Coast of Louisiana, Mississippi and Alabama ahead of potential impacts from Tropical Storm Barry, which has already produced significant rainfall and some flooding across the region. The storm is expected to strengthen to a Category 1 hurricane before making landfall overnight Friday into early Saturday bringing gusty winds and heavy rainfall.​

The waiver allows customers with travel scheduled to, through or from the six airports between Friday, July 12 and Sunday, July 14, to make a one-time change to their itinerary without incurring a change fee.

Additionally, the airline capped one-way non-stop and connecting fares to and from New Orleans, Baton Rouge, La., Lafayette, La., Gulfport, Miss., Jackson, Miss., and Mobile, Ala. in an effort to help those choosing to leave the affected area, ranging by cabin, flight distance and market. Nonstop flights between the affected areas and Delta's central and eastern hubs are capped at as low as $299 in the Main Cabin, while flights to and from Delta's western hubs are capped at $399 for the Main Cabin. For connecting itineraries, flights are capped between roughly $399 and $9​​​99 depending on mileage.

As of Thursday afternoon, the airline has no planned cancellations, though Delta's team of Meteorologists continue to keep a watchful eye on the tropical system-now the first named storm in the Gulf-providing regular updates to operations teams across the affected area.

Frontline teams are also making preparations for Tropical Storm Barry by dispatching extra staffing for ground support, securing hotels and additional resources to airports in the region.

Flooding remains a concern as the storm is expected to bring significant rainfall areas east of the forecast track. Tropical storm warnings and storm surge watches remain in effect for the region.

Customers are encouraged to check their flight status on Delta.com or the Fly Delta Mobile App. Customers can also get updates sent directly to their mobile device or by email with One-Time Flight Notification.

Wednesday, 6 p.m. ET

Delta's teams at several airports along the U.S. Gulf Coast, as well as in the airline's Operations and Customer Center in Atlanta, are monitoring an approaching tropical storm, which has already produced significant rainfall and some flooding across the region.

No cancellations are planned, but Delta's dedicated team of meteorologists continue to watch for changing weather conditions as the storm is expected to intensify to a Category 1 storm-to be named Barry-before it makes landfall late Friday night or early Saturday morning. Delta is working closely with airports and other stakeholders to evaluate airport facilities and operational readiness ahead of the storm.

Should it grow to a Category 1 storm as is anticipated, it will be the first named storm in the Gulf, and is likely to affect cities stretching from eastern Texas to New Orleans. Tropical storm and storm surge watches are already in effect for some of the region.

Customers flying to, from or through the region are encouraged to check real-time flight status on Delta.com or via the Fly Delta Mobile app.

Continue to monitor Delta News Hub for more information and updates.

English

Disclaimer

Delta Air Lines Inc. published this content on 14 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2019 14:04:02 UTC

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Financials (USD)
Sales 2019 46 937 M
EBIT 2019 6 582 M
Net income 2019 4 627 M
Debt 2019 9 788 M
Yield 2019 2,56%
P/E ratio 2019 8,82x
P/E ratio 2020 8,45x
EV / Sales2019 1,07x
EV / Sales2020 0,98x
Capitalization 40 326 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 69,81  $
Last Close Price 62,25  $
Spread / Highest target 44,6%
Spread / Average Target 12,1%
Spread / Lowest Target -2,01%
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Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Non-Independent Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
Wayne Gilbert West Chief Operating Officer & Senior Executive VP
Paul A. Jacobson Chief Financial Officer & Executive Vice President
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