DAL

15 Jul: Delta Air Lines Q2 earnings showed the severity of the coronavirus impact

Delta Air Lines, Inc. (DAL) stock news

Shares of Delta Air Lines, Inc. (DAL) closed at 26.11-0.71 (-2.65%) on July 14, 2020.

“Delta Air Lines Inc. (DAL) reported its second consecutive quarterly loss as the U.S. airline pared back its flight capacity plans for August by 50% with demand stalling again amid a renewed rise in Covid-19 cases.

Delta ended the second quarter with an adjusted $2.8 billion net loss, or a $4.43 loss per share, as total adjusted revenue, which excludes refinery sales, plunged 91% to $1.2 billion year-on-year.

Looking ahead, the U.S. airline expects overall revenue for the September quarter will be only 20% to 25% of last summer, as demand growth flattened recently with the rise in Covid-19 cases. Meanwhile, business travel, which typically provides 50% of Delta’s revenue, has not yet returned in any meaningful way, the company added.

The “decline in revenue over last year, illustrates the truly staggering impact of the Covid-19 pandemic on our business. In the face of this challenge, our people have acted quickly and decisively reducing our average daily cash burn by more than 70% since late March to $27 million in the month of June,” said Delta’s CEO Ed Bastian. “Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery.”

Delta ended the June quarter with $15.7 billion in liquidity. The U.S. carrier had total debt and finance lease obligations of $24.6 billion with adjusted net debt of $13.9 billion. During the June quarter it recorded a write-down of $1.1 billion in its investment in LATAM Airlines and a $770 million write-down in its investment in AeroMexico following their financial losses and separate Chapter 11 bankruptcy filings.

The bleak outlook for a recovery of the aviation crisis pushed Delta shares down 2.7% to close at $26.11 on Tuesday. The stock plunged 55% this year as the steep plunge in passenger traffic fueled by the coronavirus-related travel restrictions has forced many global airlines, including Delta to park their planes, streamline operations and cut costs, as well as raise debt to boost liquidity.”

Stock market source: https://finance.yahoo.com/news/delta-posts-2-8b-quarterly-062836725.html

Delta Air Lines, Inc. (DAL) stock chart

Delta Air Lines, Inc. (DAL) stock chart
Delta Air Lines, Inc. (DAL) stock chart

Source: stockscharts.com

04 Jun: Airline stocks surge today June 4, 2020

Stocks today that move, AAL, DAL, UAL

Airline stocks have significant gains today, June 4, 2020. There is news about these stocks moving higher.

“Shares of American Airlines Group Inc. were headed for a record gain on Thursday, to lead a broad rally in the airline sector, after the carrier said it was boosting capacity amid increasing signs that the worst of the COVID-19-related crisis was over.

The stock AAL, 42.02% rocked 45% in afternoon trading, which puts on track for the biggest one-day percentage gain since it started trading in its current form in December 2013. That would pass the previous record rally of 35.8% on March 24, in anticipation of the passage of a government bailout package.”

Stock market source: https://www.marketwatch.com/story/american-airlines-stock-soars-to-lead-sector-higher-on-increasing-signs-that-the-worst-is-over-2020-06-04?siteid=yhoof2&yptr=yahoo

At 3:31 PM, ET time today American Airlines Group Inc. (AAL) stock is up more than 40%, at 16.93+5.08 (+42.87%). Delta Air Lines, Inc. (DAL) shares rise more than 13% at 32.28+3.81 (+13.38%), while United Airlines Holdings, Inc. (UAL) stock is currently at 38.99+5.34 (+15.87%).

Source: Yahoo Finance

20 May: Stock market news for May 19, 2020

Stock market news

“Stocks Finish Lower After Late Drop
The Dow retreated 1.6% after a 3.9% jump Monday sparked by signs of progress toward a coronavirus vaccine.

U.S. stocks fell Tuesday as investors grew more skittish about a potential coronavirus vaccine that sparked a big rally the previous day.

The Dow Jones Industrial Average fell 390.51 points, or 1.6%, to 24206.86. The index traded modestly lower for most of the session, before its losses accelerated in the final hour.”

Source: https://www.wsj.com/articles/global-stock-markets-dow-update-5-19-2020-11589858790

Stock market close on May 19, 2020

S&P 500: 2,922.94,-30.97(-1.05%)
Dow 30: 24,206.86,-390.51(-1.59%)
Nasdaq: 9,185.10,-49.72(-0.54%)
Russell 2000: 1,307.72,-25.97(-1.95%)

Stock movers

Nano Dimension Ltd. (NNDM) stock was among stock movers closing at
3.4000+2.6302 (+341.67%). ShiftPixy, Inc. (PIXY) stock gained more than 50% with a stock price of 9.69+3.30 (+51.64%) at the close.

Stocks gainers

ShiftPixy Inc. (PIXY):9.69, +3.30 +51.64%
Dynavax Technologies Corp. (DVAX): 6.51, +1.65 +33.95%
Acer Therapeutics Inc. (ACER): 4.53,+1.03 +29.43%

Stocks losers

Timber Pharmaceuticals Inc. (TMBR):4.11,-2.01 -32.84%
Gamida Cell Ltd. (GMDA):4.35, -1.55 -26.27%
Bellerophon Therapeutics Inc. (BLPH): 13.00, -3.16 -19.55%

Most active stocks

Ford Motor Co. (F): 5.30,-0.01 -0.19%
United Airlines Holdings Inc. (UAL): 23.68,-0.45 -1.86%
Delta Air Lines Inc. (DAL): 21.76,-0.10 -0.46%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

All sectors closed lower. Consumer Discretionary were the best performing sector -0.09%, energy was the worst-performing sector -2.89%.

U.S. Sectors & Industries Performance for May 19, 2020
U.S. Sectors & Industries Performance for May 19, 2020

Stock market update

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15 May: Stock market news for May 14, 2020

Stock market news

Latest stock market news for May 14, 2020. The US stock market started the trading session lower as the latest Initial Jobless Claims report came in at weaker than expected at 2981K compared to the forecast of 2500K. At the close, however, all major stock indices were higher.

Stock market close on May 14, 2020

S&P 500: 2,852.50,+32.50(+1.15%)
Dow 30: 23,625.34,+377.37(+1.62%)
Nasdaq: 8,943.72,+80.56(+0.91%)
Russell 2000: 1,237.56,+4.30(+0.35%)

Stock movers

Aurora Cannabis Inc. (ACB) stock was among the trending stocks, with a stock price of 6.64+0.84 (+14.48%). The following stocks were stock movers, stock gainers, stock losers, and most active stocks for May 14, 2020.

Stocks gainers

Applied DNA Sciences Inc. (APDN): 15.21,+6.32 +71.09%

Glory Star New Media Group Holdings Ltd. (GSMG): 3.5573, +1.1173 +45.79%

Allogene Therapeutics Inc. (ALLO): 42.12,+11.14 +35.96%

Stocks losers

CytomX Therapeutics Inc. (CTMX): 9.23,-5.21 -36.08%

Comstock Resources Inc. (CRK): 4.44,-2.06 -31.69%

Caladrius Biosciences Inc. (CLBS): 1.70,-0.46 -21.30%

Most active stocks

Wells Fargo & Co. (WFC): 24.06,+1.53 +6.7%

Bank of America Corp. (BAC): 21.71,+0.84 +4.02%

Delta Air Lines Inc. (DAL): 19.38,-0.03 -0.15%

Stock market source: https://www.wsj.com/market-data/stocks

Delta Air Lines Inc. (DAL) stock daily chart

Delta Air Lines Inc. (DAL) stock daily chart
Delta Air Lines Inc. (DAL) stock daily chart

Stock Market, U.S. Sectors & Industries Performance

Financials were the best performing sector +2.64%, Consumer Staples were the worst-performing sector -0.31%.

U.S. Sectors & Industries Performance for May 14, 2020
U.S. Sectors & Industries Performance for May 14, 2020

Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock trading.