On Thursday, Shares of Delta Air Lines, Inc. (NYSE:DAL), gained 1.09% to $44.47.
Delta Air Lines, stated financial results for the June 2015 quarter, counting adjusted net income of $1.0 billion or $1.27 per diluted share, up 22% from the June quarter of 2014.
Revenue Environment
Delta’s operating revenue for the June quarter raised 1%, despite $160 million in foreign currency pressures which reduced unit revenues by about 2 points. Passenger unit revenues declined 4.6% on a 3.9% decline in yields.
Delta saw solid progress with several of its revenue initiatives, counting Branded Fares, which raised passenger revenues by $56 million, and its improved agreement with American Express, which produced an incremental $60 million in revenue.
“Our commercial initiatives continue to gain traction in the marketplace and we will produce summer margins in excess of any achieved in our history,” said Ed Bastian, Delta’s president. “However, unit revenue growth is an important component of our long-term plan to expand margins. We continue to project flat system capacity growth for the fourth quarter of 2015 – a level in line with current demand expectations, which should put the business on the right trajectory to stem the erosion in unit revenues by the end of the year.”
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Shares of Schlumberger Limited (NYSE:SLB), inclined 0.31% to $83.89, during its last trading session.
Schlumberger Limited, stated results for the second quarter of 2015.
Schlumberger Chairman and CEO Paal Kibsgaard commented, “Schlumberger second-quarter revenue reduced 12% sequentially, driven by the dramatic decline in North American land activity as the rig count dropped by a further 40% and as pricing erosion continued in both North America and the International Areas. North America revenue fell 27% sequentially, while International revenue was 5% lower as customer budget cuts and pricing concessions influenced results for a full quarter.
“Despite the much more challenging market conditions, overall pretax operating margins were maintained at levels well above the previous downturns as we continued to proactively manage costs and resources, carefully navigate the commercial landscape, and further accelerate our transformation program. The success of our efforts can be seen in pretax operating margins of 10.2% in North America and 24.5% internationally while generating $1.5 billion in free cash flow, representing 132% of earnings.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Finally, The Coca-Cola Company (NYSE:KO), ended its last trade with 0.85% gain, and closed at $41.48.
The Board of Directors of The Coca-Cola Company declared a regular quarterly dividend of 33 cents per common share. The dividend is payable Oct. 1, 2015 to shareowners of record as of Sept. 15, 2015.
The Board earlier this year approved the Company’s 53rd successive annual dividend enhance, raising the quarterly dividend 8 percent from 30.5 cents to 33 cents per common share. This is equivalent to an annual dividend of $1.32 per share, up from $1.22 per share in 2014. The enhance reflects the Board’s confidence in the Company’s long-term cash flow.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
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