Is Delta going broke? (2023)

Is Delta going broke?

Based on the latest financial disclosure, Delta Air Lines has a Probability Of Bankruptcy of 36.0%. This is 15.45% lower than that of the Airlines sector and 15.71% lower than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 9.62% higher than that of the company.

Delta Air Lines Total Long Term Debt (Quarterly): 23.03B for Dec. 31, 2022.

Love the mothership or hate it, Delta Air Lines will not go out of business, at least during the foreseeable future. They certainly won't be in great financial shape after the COVID-19 pandemic (like many of us). But they'll stick around and keep flying.

The company is well known for providing air transportation services for passengers and cargo through its main fleet and various subsidiaries. Delta also offers ancillary air services and a customer loyalty program.

On April 15, 2008, Delta Air Lines and Northwest Airlines announced a merger agreement. The merger of the two carriers formed what was then the largest commercial airline in the world, with 786 aircraft.

In a certified rating by Skytrax, Delta received a rating of 3 out of 5 stars. This rating is based on the quality of Delta's airport and onboard product offerings, as well as the staff service its passengers receive.

Delta Air Lines gross profit for the twelve months ending March 31, 2023 was $18.753B, a 81.86% increase year-over-year.

Delta reported $5.5 billion in total remuneration from its partnership with American Express in 2022, and expects that number to grow to $7 billion in 2024. Loyalty revenues have proven resilient, rebounding to pre-pandemic levels by YE 2021, well ahead of travel related revenues.

This situation is caused mainly by the COVID-19 pandemic and the subsequent slowing of hiring and training, as well as the early retirement of thousands of pilots. The current understaffed crisis is troubling all major US airline companies, resulting in a heavy volume of flight delays and cancelations this year.

Delta Airlines to Pay $10.5 Million to Settle False Claims Act Allegations for Falsely Reporting Delivery Times of U.S. Mail Carried Internationally. The Justice Department announced today that Delta Airlines Inc.

Who is Delta's biggest competitor?

Delta Air Lines (DAL) competes with United Airlines Holdings, Southwest Airlines, and American Airlines Group for domestic and international airline travel business in the United States.

Unit revenue strength continues, driven by consumer: Reflecting strong demand, March quarter advance cash bookings were nearly 20 percent higher than 2019. March quarter adjusted total unit revenue (TRASM) was up 16 percent versus 2019 and 23 percent higher versus 2022.

By company revenue

Delta Air Lines is the largest by revenue, assets value and market capitalization.

In 2022, American Airlines Group became the largest in the world in terms of fleet size and passengers transported. The second largest is Delta Airlines, which is also the largest in terms of revenue.

Within Delta Air Lines, the annual salary for Flight Attendants varies vastly – from around $33,000 for new Flight Attendants, to over $110,000 for the most experienced Flight Attendants!

The Delta Air Lines fleet consists of 943 aircraft, making it the largest airline fleet in the world.

In the competition of Delta versus United, there isn't a clear winner. Delta charges less baggage fees and makes basic economy more tolerable for a frugal traveler. United, on other hand, has a stronger loyalty program, cheaper award prices and a stronger presence when it comes to global connections.

Winner for most flight options: Delta. The number of routes and destinations can be important, especially when trying to decide if you want to pledge loyalty to either Delta or Southwest and earn elite status. If you're flying often, you likely want options.

Winner for most options: American

American flies to more destinations on its own metal, but Delta is part of a bigger airline alliance, so it has a larger network of international destinations.

Delta Pilot Salary

Pay also varies according to the types of routes flown, domestic or international, and the airframe. Pilot pay at Delta Air Lines ranges from $64,000 per year for a new first officer up to $257,000 per year for a senior captain.

Why did Delta lose money?

Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue.

After a challenging year of recovery and operational rebuilding led by its employees, Delta Air Lines was named the Top U.S. Airline of 2022 by the Wall Street Journal in its annual airline scorecard rankings released Wednesday.

The delta L problem (ΔL problem) refers to certain firearm chambers and the incompatibility of some ammunition made for that chamber. ΔL is a Commission Internationale Permanente (C.I.P.) geometric dimensioning and tolerancing definition for cartridge cases that are longer than the chamber they have to fit in.

Stock Price Forecast

The 17 analysts offering 12-month price forecasts for Delta Air Lines Inc have a median target of 49.00, with a high estimate of 81.00 and a low estimate of 38.00. The median estimate represents a +42.77% increase from the last price of 34.32.

Our 2023 outlook for 15 to 20 percent revenue growth over 2022 and margin expansion support a near doubling of EPS to $5 to $6 per share, keeping us on track for our 2024 earnings target of over $7 per share."

Even though it's been making an effort to expand in other regions, the dependence on one market proves to be a big weakness. Having a majority of its hubs in this single market can be a big problem in the long run. Delta Airlines encounters one of the highest attrition rates compared to the industry in general.

Yes, it is hard to get a job at Delta Air Lines.

The company does have a high turnover rate, so they are consistently seeking new employees; however, they are selective in who they hire. The hiring process at the company is drawn out. Candidates with referrals almost guarantee a call from a Delta Air Lines recruiter.

Findings. The Omicron variant displaced Delta during the study period and constituted 95% of the circulating lineages by the end of December 2021.

Delta Air Lines has had two accidents, but with a higher rate of fatalities per accident, which has been recorded at 134. But with two accidents, this is far less than the likes of United Airlines and American Airlines.

Delta has four tiers of elite status: Silver, Gold, Platinum and Diamond. You can earn status by flying and spending enough within a single calendar year, and once earned you'll keep it through the following calendar year. So if you earn Gold status in February 2023, you'll keep it through the end of 2024.

What threatens the Delta?

But the delta is at risk, threatened by unsustainable water diversions, rising sea levels, pollution, residential development, and a warming climate.

Fitch Ratings - Chicago - 07 Mar 2023: Fitch Ratings has affirmed Delta Air Lines' (Delta) Long-Term Issuer Default Rating at 'BB+' and revised its Rating Outlook to Stable from Negative. Fitch has affirmed Delta's senior secured debt ratings at 'BBB-'/'RR1' and its unsecured ratings at 'BB+'/'RR4'.

Delta Air Lines total liabilities for 2022 were $65.706B, a 4.18% decline from 2021.

Delta Air Lines revenue for the twelve months ending March 31, 2023 was $53.993B, a 53.84% increase year-over-year. Delta Air Lines annual revenue for 2022 was $50.582B, a 69.18% increase from 2021. Delta Air Lines annual revenue for 2021 was $29.899B, a 74.9% increase from 2020.