Dallas, Texas 07/18/2013 (Financialstrend) – Delta Air Lines, Inc. (NYSE:DAL) has completed the quarter with increasing cash from operations to $1.0 billion from the earlier level of $831 million. Further, its free cash flow was reported to be at $357 million, compared to the value at $424 million a year ago. The contraction was instated in the previous quarter which reflects the dividend payment and the company’s revenues remained unchanged at $8.5 billion. DAL has announced a $0.06 dividend payment in the press release on May 8.
Delta Air Lines, Inc. (NYSE:DAL) has inaugurated the Terminal 4 in the JFK International Airport in New York. Thus, its international presence may increase significantly. Long haul flights offer the best operational margins per seat which prove to be important for carriers. Further, the company is also planning to remodel the Terminal 3 at JFK. Along with these terminals, the company will expand operations between international destinations and JFK airport. The company would expand the operations in the Atlantic region where it has hold of 49 percent of Virgin Atlantic Airways. Delta Air Lines, Inc has a repurchase program of authorized $500 million share, which is to be completed on or before June 30, 2016.
There had been a gain of 3.27% in the shares of Delta Air lines, Inc. (NYSE:DAL) which closed at $19.92 per share on Wednesday. The stock had presented intraday fluctuations on the range of $19.31 to $20.19 per share, after opening at $19.31 for the day. The company had recorded 52 week low at $8.42 and 52 week high at $20.19 per share.
There are 856.55 million shares outstanding with a market cap of $17.06 billion and an institutional ownership of 83% of the total capital. The trading volume on Wednesday was 11.35 million shares and the average volume is at 8.74 million shares per day.
