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earnings

Eric Kulisch Friday, January 15, 2021

Alaska Air warns of increased cash burn in January

The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. On Thursday, Alaska Airlines said passenger volume and revenue since October has retreated again and Delta Air Lines (NYSE: DAL) sounded less optimistic about the next few […]

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FreightWaves Staff Tuesday, October 13, 2020

Delta reports $9B drop in Q3 revenue

Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 […]

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Eric Kulisch Thursday, July 23, 2020

United Airlines: Least worst is best

United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity discipline for the foreseeable future is critical to get back to profitability.

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FreightWaves Staff Wednesday, July 1, 2020

Q2 3PL earnings: How bad can it be?

This week Andrew holds down the fort with Director of Passport Research JP Hampstead to discuss his team’s recent research note on Q2 broker performance. Then the two dive into Uber’s partnerships with municipalities and answer whether the upcoming Lemonade IPO will be sweet or sour. As always, a special thanks to our friends at CarrierDirect with […]

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Alan Adler Tuesday, April 21, 2020

PACCAR earnings slow in first quarter

PACCAR Inc. posted decent first quarter earnings despite shuttering its plants in late March because of the coronavirus pandemic. While truck orders cooled, parts sales set a record as the truck maker tries to build on 81 consecutive profitable years.

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FreightWaves Staff Saturday, January 25, 2020

WTT?!? weekend: the Celadon hits keep on coming, Walmart appeals California decision, Amazon accused of more abuse [with video]

Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of dollars in […]

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Eric Kulisch Tuesday, January 14, 2020

Delta beats 2019 profit estimates, sets revenue record

Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to the same periods in 2018, a small blip in an otherwise upbeat earnings report. Delta (NYSE: DAL) reported that fourth quarter adjusted earnings per share grew 31% to $1.70 year-over-year, […]

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Eric Kulisch Wednesday, October 30, 2019

Atlas Air loses money from Q3 operations

Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its pilots, lost $879,000 in the fiscal third quarter from operations, compared with a $54.5 million operating profit in the same period a year ago. Operating […]

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Eric Kulisch Thursday, October 24, 2019

American Airlines beats Q3 earnings estimates despite operational, cargo difficulties

Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor issues, weather and the grounding of the Boeing 737 MAX. As previewed, the Dallas-based carrier reported Thursday that cargo revenue fell 20% to $208 million […]

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Eric Kulisch Thursday, October 17, 2019

Bigger planes to contain costs at United Airlines, officials say

Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft with larger ones, primarily on domestic routes.  Third quarter cost per available seat mile (CASM), excluding fuel and non-core expenses, increased 2.1% year-over-year to 9.8 […]

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