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Delta Air Lines is one of the major airlines of the United States and a legacy carrier headquartered in Atlanta, Georgia. The United States' oldest operating airline and the seventh-oldest operating worldwide, Delta along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.
The airline was founded as Express Airlines I in 1985 and was renamed Pinnacle Airlines in 2002. In 2012, Pinnacle's parent company filed for Chapter 11 reorganization, then emerged as a wholly owned subsidiary of Delta Air Lines. The airline was renamed Endeavor Air on August 1, 2013.
For 2023, Delta earned net income of $6.25 per share on an adjusted basis, up from $3.20 in 2022. Based on a recent closing price of $52.99 per share, the price-to-earnings ratio (P/E) was 8.48 ...
The company has done a payout every year except in 2020, when the airline industry suffered heavy losses from reduced travel demand because of the COVID pandemic. And although this year’s payout ...
The industry reported net losses of over $126 billion in 2020; the number of air passengers reduced by 60%, and direct aviation jobs dropped by 43%, according to a study that analyzed the impacts ...
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