United Airlines (UAL) dropped more than 8% in Wednesday morning’s trading session after the company issued a grave profit warning along with its 3rd quarter earnings results. Adjusted earnings per share came in at $3.65 compared to the $3.35 analysts were looking for. Revenue narrowly outperformed the estimate at $14.48 billion compared to $14.44 [...]
The airline industry as a whole is being hit right now with a drop in travel demand and rising costs. One of the major players, Southwest (LUV), is feeling these effects and issued a warning about how they will affect operating costs and profitability. The airline company said that it’s seen a drop in [...]
by Leslie N. Masonson, MBA Delta Air Lines, Inc. (DAL), is a NYSE-listed firm founded in 1928 with headquarters in Atlanta. As one of the world’s largest airlines, it offers over 300 destinations with a workforce of 95,000, revenues of $51 billion, and a market cap of $28.7 billion. The firm provides global airline [...]
Boeing and United Airlines were both in the headlines this Tuesday morning after striking a deal for the sale of 100 Boeing 787 Dreamliners. The deal also carries the option to purchase 100 more 787 Dreamliners at a later date. While delivery for these 100 aircraft won’t take place until sometime between 2024 and [...]
Delta Airlines reported its quarterly earnings yesterday and came in way under expectations. While the adjusted earnings of $735 million is Delta’s highest profit yet in the pandemic era, it is still more than a quarter million short of the expected earnings of $1.1 billion analysts were expecting. There are a few reasons Delta [...]
