Severe winter weather cost Delta Airlines $90 million in lost revenue. That didn’t stop the airline from delivering better than anticipated earnings results.

The airline reported $8.9 billion in operating revenue for the quarter, up 5% from the same period last year. Net income came in at $281 million, this was $196 million greater than net income during the same period last year despite $163 million in non-cash tax expenses and revenue lost from the more than 17,000 Delta canceled due to severe winter weather in the firs two months of the quarter.  Net income was also well ahead of Wall Street analysts’ $243 million consensus estimate. Earning per share were 25 cents, 2 cents behind the analyst estimate. Excluding special items, however, earnings per share were 33 cents, 4 cents ahead of the Street.

Passenger revenue per available seat mile was up 3% from the same period last year to 14.24 cents, as revenue passenger miles were up 4% to 44.6 billion. These industry metrics respectively measure capacity to revenue and number of paying-passengers by aircraft distance traveled.

“The March quarter’s record results in the face of unprecedented weather show the strength and resilience of Delta,”said CEO Richard Anderson. “Our work is not finished, and there is great opportunity ahead as we expect the June quarter to produce 14% – 16% operating margins. We are transforming Delta into a high-quality SP 500 company that consistently delivers strong earnings growth and shareholder returns.” Delta rejoined the SP 500 in September 2013.

Delta Air Lines Delta Air Lines shares hit a new 52-week high of $37.41 in Wednesday morning trading. Delta shares are up more than 26% so far this year after gaining 125% in 2013. The stock jumped above $30 for the first time in early January of this year after the company announced it would be updating the interiors of several aircraft lines. The stock has not closed below $29.38 since.

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ROCHESTER, Minn. – Delta Airlines Flight 3812 from San Antonio to Minneapolis landed Sunday night in Rochester after a passenger died.

Police Capt. John Sherwin says the plane landed at Rochester International Airport around 10 p.m. after an 82-year-old female passenger from Texas passed away during the flight.

The woman was apparently on her way to visit relatives in Minnesota. Other passengers thought she was asleep until a flight attendant tried to wake her.

Sherwin said doctors on the flight found the body cold and did not attempt resuscitation. The cause of death and identity of the woman have not been revealed.

Airport officials say the other passengers were bused to Minneapolis at around midnight.

ROCHESTER, Minn. (KTTC) — A Delta Airlines flight was diverted to Rochester Sunday night after an 82-year-old woman died on board.

Rochester police Capt. John Sherwin said the flight from San Antonio to Minneapolis landed at Rochester International Airport about 10 p.m.

When the plane landed, the woman from Bandera, Texas, had already passed away when the plane touched down. Sherwin said the woman had a history of medical problems.

She had been traveling with a dog named Sampson. Rochester police have the dog right now but the woman’s daughter who lives in Minneapolis is expected to come get it.

Business News of Monday, 28 April 2014

Source: Graphic Online

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Delta Airlines, an international airline carrier with operations in Ghana, has formed partnership with Ghana Red Cross Society to help fight malaria in the country.

The anti-malaria campaign, which is scheduled to be a year-long project, was launched recently and has already taken off in the Greater Accra Region.

Over 80 volunteers have been recruited for the project. The volunteers are to undertake a number of house-to-house visits to educate households and the general public on the importance and use of treated mosquito nets.

Malaria, undoubtedly, is one of the most common diseases and the cause of a number of deaths in several African countries, including Ghana.

Madam Beatrice Adama Idrisu, a nurse with the Usher Polyclinic in Accra, who conducted the first part of a one-day volunteer training session, expressed concern over the high rate of deaths brought on by the disease, especially among women and children.

“I am glad to see all the volunteers because it gives hope that this campaign will go a long way to help control and reduce the high occurrence of the disease in the country,” she said.

The Event Co-ordinator of the Ghana Red Cross Society, Mr Thomas Aapore, who conducted the second part of the training session, was delighted with the partnership struck with Delta Airlines, and urged other companies to follow Delta’s example.

Another training session is scheduled to take place in Bolgatanga in the Upper East Region. Meanwhile, it is expected that throughout the year-long campaign, an estimated 4000 long-lasting insecticide mosquito nets will be distributed across the country to benefit about 8000 people.

The Delta Airline’s Commercial Manager for East and West Africa, Mr Bobby Bryan, wished the volunteers well in their activities.

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Delta stock shot up to a record high after an impressive earnings report.

The winter blues didn’t get Delta Airlines down.

Shares of the airline (DAL) soared to a record high Wednesday after the company reported a 5% increase in passenger revenue in the first quarter despite a $90 million loss related to weather cancellations.

The unusually severe winter weather was expected to cause more headaches for Delta, like it did for legions of passengers. The company said it cancelled more than 17,000 flights in January and February for weather reasons, twice as many as the same period in 2013.

But Delta, like other airlines, benefited from healthy demand in the U.S., said Joseph DeNardi, an airlines analyst with Stifel Nicolaus. And some of its hubs didn’t get hit as hard by the weather as those of its competitors.

Delta’s earnings come on the heels of an already remarkable turnaround run. The stock has skyrocketed 118% in the past year, lifted by higher fares, good relationships with airline unions, and overall consolidation in the industry.

Related: Delta takes off

“They did a great job, they delivered a great product, and they’re getting paid for it,” said Helane Becker of Cowen and Company.

Delta shares traded for less than $10 for much of 2012. They’re now above $36.

As for Delta’s high-flying stock price , Becker said she’s not surprised. She predicts it will climb even higher.

“People forget how much money airlines can make,” she said.

Expected Earnings Release: 04/23/2014, Premarket

Avg. Extended-Hours Dollar Volume: $995,896

Delta Airlines Inc. (
DAL

) is due to issue its quarterly earnings report in the upcoming
extended-hours session. Given its history, traders can expect light
trading in the issue immediately following its quarterly earnings
announcement. Historical earnings event related premarket and
after-hours trading activity in DAL indicates that the price change
in the extended hours is likely to be of limited value in
forecasting additional price movement by the following regular
session close.

Last 12 Qtrs Positive Only Price Reactions

Percent of time added to extended-hours gains: 100%

Average next regular session additional gain: 3%

Over the prior three fiscal years (12 quarters), when shares of
DAL rose in the extended-hours session in reaction to its earnings
announcement, history shows that 100.0% of the time (4 events) the
stock posted additional gains in the following regular session by
an average of 3.0%.

Last 12 Qtrs Negative Only Price Reactions

Percent of time added to extended-hours losses: 50%

Average next regular session additional loss: 2.5%

Over that same historical period, when shares of DAL dropped in
the extended-hours in reaction to its earnings announcement,
history shows that 50.0% of the time (2 events) the stock dropped
further, adding to the extended-hours losses by an average of 2.5%
by the following regular session close.

Data provided by the MT Pro service at MTNewswires.com.

Severe winter weather cost Delta Airlines $90 million in lost revenue. That didn’t stop the airline from delivering better than anticipated earnings results.

The airline reported $8.9 billion in operating revenue for the quarter, up 5% from the same period last year. Net income came in at $281 million, this was $196 million greater than net income during the same period last year despite $163 million in non-cash tax expenses and revenue lost from the more than 17,000 Delta canceled due to severe winter weather in the firs two months of the quarter.  Net income was also well ahead of Wall Street analysts’ $243 million consensus estimate. Earning per share were 25 cents, 2 cents behind the analyst estimate. Excluding special items, however, earnings per share were 33 cents, 4 cents ahead of the Street.

Passenger revenue per available seat mile was up 3% from the same period last year to 14.24 cents, as revenue passenger miles were up 4% to 44.6 million. These industry metrics respectively measure capacity to revenue and number of paying-passengers by aircraft distance traveled.

“The March quarter’s record results in the face of unprecedented weather show the strength and resilience of Delta,”said CEO Richard Anderson. “Our work is not finished, and there is great opportunity ahead as we expect the June quarter to produce 14% – 16% operating margins. We are transforming Delta into a high-quality SP 500 company that consistently delivers strong earnings growth and shareholder returns.” Delta rejoined the SP 500 in September 2013.

Delta Air Lines Delta Air Lines shares hit a new 52-week high of $37.41 in Wednesday morning trading. Delta shares are up more than 26% so far this year after gaining 125% in 2013. The stock jumped above $30 for the first time in early January of this year after the company announced it would be updating the interiors of several aircraft lines. The stock has not closed below $29.38 since.

–
Follow @samsharf

Delta stock shot up to a record high after an impressive earnings report.

The winter blues didn’t get Delta Airlines down.

Shares of the airline (DAL) soared to a record high Wednesday after the company reported a 5% increase in passenger revenue in the first quarter despite a $90 million loss related to weather cancellations.

The unusually severe winter weather was expected to cause more headaches for Delta, like it did for legions of passengers. The company said it cancelled more than 17,000 flights in January and February for weather reasons, twice as many as the same period in 2013.

But Delta, like other airlines, benefited from healthy demand in the U.S., said Joseph DeNardi, an airlines analyst with Stifel Nicolaus. And some of its hubs didn’t get hit as hard by the weather as those of its competitors.

Delta’s earnings come on the heels of an already remarkable turnaround run. The stock has skyrocketed 118% in the past year, lifted by higher fares, good relationships with airline unions, and overall consolidation in the industry.

Related: Delta takes off

“They did a great job, they delivered a great product, and they’re getting paid for it,” said Helane Becker of Cowen and Company.

Delta shares traded for less than $10 for much of 2012. They’re now above $36.

As for Delta’s high-flying stock price , Becker said she’s not surprised. She predicts it will climb even higher.

“People forget how much money airlines can make,” she said.

Denver, CO – The FBI screened passengers from a Delta Airlines flight from Detroit to Denver on Friday after a potential security threat.

“The majority of the Delta Flight 1500 passengers have been allowed to claim their luggage and continue with their travel plans,” FBI spokesman Dave S. Joly said.

A law enforcement official told CNN that a bomb threat found written on a note prompted the security screening after the plane landed at Denver International Airport.

The 737 aircraft, which was carrying 151 passengers and six crew members, landed safely at 4:40 p.m. MT as scheduled, said Russell Cason, a spokesman for Delta.

The plane was taken to a remote location at the airport for the screening.