by Amruth Sundarkumar | Jul 16, 2021 | High Yield Bonds
Delta Air Lines is offering to buy back up to $1bn of its high yield bonds issued last year to tide over the pandemic restrictions. The tender offer which will help the airline trim the swelling debt on its balance sheet is valid on the following three bonds issued...
by Amruth Sundarkumar | Jul 15, 2021 | High Yield Bonds
Delta Air Lines reported a net income of $652mn, or $1.02 per share in the three months to June 30. Delta reported a fall in adjusted operating revenue of 49% YoY to $6.35bn, marking an improvement from the 60.4% slump in Q1 and surpassing analysts predictions of...
by bondevalue | Apr 16, 2021 | High Yield Bonds
Delta Airlines reported another poor quarter with losses of $1.18bn and revenues of $4.15bn. It’s earnings release compared all Q1 2021 numbers to Q1 2019. Revenues were down 65% vs. the same quarter in 2019. Cash burn averaged $11mn/day in Q1 but turned...
