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

DELTA AIR LINES, INC.

(DAL)
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Delta expects jet retirement charges of up to $2.5 billion in third-quarter

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09/25/2020 | 05:57pm EDT
FILE PHOTO: Delta planes are seen at the platform after the Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports due to coronavirus disease (COVID-19) in New York

Delta Air Lines said on Friday it expects to record an up to $2.5 billion charge in the current quarter related to retirements of aircraft.

The Atlanata-based airline reiterated that it expects charges of up to $3.3 billion during the third quarter, linked to its voluntary retirement and separation programs.

Both the charges are before tax, the company said.

The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023, earlier than previously planned.

(Reporting by Rachit Vats in Bengaluru; Editing by Amy Caren Daniel)


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Financials (USD)
Sales 2020 16 783 M - -
Net income 2020 -12 177 M - -
Net Debt 2020 17 859 M - -
P/E ratio 2020 -1,65x
Yield 2020 1,03%
Capitalization 20 312 M 20 312 M -
EV / Sales 2020 2,27x
EV / Sales 2021 1,43x
Nbr of Employees 91 000
Free-Float 98,1%
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Technical analysis trends DELTA AIR LINES, INC.
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 39,33 $
Last Close Price 31,98 $
Spread / Highest target 59,5%
Spread / Average Target 23,0%
Spread / Lowest Target -6,19%
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Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
Paul A. Jacobson Chief Financial Officer & Executive Vice President
Rahul Samant Chief Information Officer & Executive VP
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