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INX:DAL, Oct 17, 01:46 UTC

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In wake of Delta deal, Qatar Airways says could consider raising LATAM stake

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In wake of Delta deal, Qatar Airways says could consider raising LATAM stake. LANGKAWI, Malaysia (Reuters) - Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA <LTM.SN> if the opportunity came up - comments which come after Delta Air Lines Inc <DAL.N> agreed last month to buy 20% of the Chilean carrier. But al-Baker also noted that LATAM's free float was limited. Qatar Airways has historically had a contentious relationship with major U.S. carriers, which have accused Gulf airlines of receiving unfair government subsidies, distorting competition and costing Americans jobs. Delta's $1.9 billion deal with LATAM ended the Chilean airline's long-time ties with American Airlines.

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Monday, October 14


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Delta Air Lines hiring 12,000 employees through 2020 - WJAX

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Delta Air Lines is hiring 12,000 people through 2020, according to CEO Ed Bastian. “We are hiring pilots, we’re hiring flight attendants, we’re hiring ground staff, we’re hiring in all categories of the company,” Bastian said in an interview on CNBC’s Squawk Box. Much of the hiring is aimed at replacing employees who are retiring, while the Atlanta-based airline is also working to keep up with growing volumes of passengers flying on its planes. During a conference call on the company’s financial results Thursday, Bastian said half to two-thirds of the 6,000 hires a year are to replace workers who are retiring, while the company will also have some growth.

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Friday, October 11


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Nuveen Asset Management LLC Grows Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL) – TechNewsObserver

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Nuveen Asset Management LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3,507.5% in the second quarter, according to its most recent filing with the SEC. Imperial Capital upped their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the company an “in-line” rating in a report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. In other Delta Air Lines news, President Glen W. Hauenstein sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 16th.

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Thursday, October 10


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Delta Posts Strong Income Gains Despite Slump In Cargo Revenue

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Delta Airlines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is off 13% to $567 million compared to the same period last year due to lower volumes and yield, the company reported Thursday. Delta Air Lines (NYSE: DAL) is a victim of a weakening air cargo market that has seen a steady drop in volumes since the end of 2018. Net income for the quarter grew 13% to $1.5 billion, with adjusted pre-tax income up 22% and adjusted earnings per share up 29% to $2.32, pushing profit margin up 2.5 points to 16.5%. The Atlanta, Georgia-based airline said operating revenue, excluding sales from its refinery, improved 6.5%, or $771 million, to a quarterly record of $12.6 billion for the quarter ended Sept. 30 on the strength of premium passenger tickets, loyalty programs and third-party maintenance service.

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Delta Air Lines Reports Q3 Earnings Beat

DAL

Delta Air Lines, Inc. (NYSE: DAL) reported third-quarter earnings of $2.32 per share, which beat the analyst consensus estimate of $2.26 by 2.65%. The company reported total operating sales of $12.56 billion compared to the $12.6 billion estimate. Delta sees fourth-quarter EPS at $1.20-$1.50 versus a $1.51 Estimate, as well as system capacity being up about 4.5% year over year. "Demand for the Delta product remains healthy, positioning the company for a strong close to 2019 with expectations for more than 20% earnings growth, over $4 billion in free cash flow and a 5th year of pre-tax earnings over $5 billion."

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Delta Air Lines Reports Q3 Earnings Beat

DAL

Delta Air Lines, Inc. (NYSE: DAL) reported third-quarter earnings of $2.32 per share, which beat the analyst consensus estimate of $2.26 by 2.65%. The company reported total operating sales of $12.56 billion compared to the $12.6 billion estimate. Delta sees fourth-quarter EPS at $1.20-$1.50 versus a $1.51 Estimate, as well as system capacity being up about 4.5% year over year. "Demand for the Delta product remains healthy, positioning the company for a strong close to 2019 with expectations for more than 20% earnings growth, over $4 billion in free cash flow and a 5th year of pre-tax earnings over $5 billion."

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Delta looks at faster hiring to meet 'surprise' demand, costs rise

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Delta looks at faster hiring to meet 'surprise' demand, costs rise. CHICAGO (Reuters) - Delta Air Lines hopes to speed up the hiring of pilots, flight attendants, reservation and airport staff after "surprise" demand growth fueled better-than-expected third-quarter profit, Chief Executive Ed Bastian told Reuters. However, that growth is driving up expenses, a concern for investors. Delta paid its pilots record overtime this summer as the carrier flew a heavy schedule, in part because of demand tapped from competitors that canceled flights due to the grounding of Boeing 737 MAX planes, Reuters reported on Wednesday. Atlanta-based Delta does not own the 737 MAX, which has been grounded since March after two fatal crashes. As a result, it is able to increase flight capacity at a time when growth at MAX carriers like Southwest Airlines and American Airlines remains at a standstill.

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With quarterly profit beat, Delta eyes accelerated hiring to meet 'surprise' demand rise: CEO

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With quarterly profit beat, Delta eyes accelerated hiring to meet 'surprise' demand rise: CEO. CHICAGO (Reuters) - Delta Air Lines <DAL.N> reported a greater-than-expected increase in quarterly profit on Thursday thanks to "surprise" demand growth, prompting the airline to accelerate its hiring of pilots, flight attendants, and airport workers, Chief Executive Ed Bastian told Reuters. Delta, the first of U.S. airlines to publish quarterly results, posted a 13.1 percent rise in net income to $1.5 billion in the quarter to Sept, 30 on total adjusted revenue of $12.6 billion, up 6.5 percent from a year earlier. Unlike its main U.S. competitors, Delta does not own the 737 MAX, which has not flown since a worldwide grounding in March that is forcing more than 100 daily flight cancellations at Southwest Airlines <LUV.N> and American Airlines <AAL.O>. As a result, Delta is increasing its flight capacity while growth at rivals that own the 737 MAX remains stuck.

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