Delta Air Lines Inc. (DAL) is a global airline that provides transportation services for passengers and cargo. The company’s global route network has served millions of customers annually for years, bringing them to hundreds of destinations around the world. The COVID-19 pandemic caused Delta’s passenger traffic to drop sharply in 2020. Delta Airlines also operates an oil refining business and other ancillary businesses.
The main shareholders of Delta Air Lines are Edward H. Bastian, Glen W. Hauenstein, Peter W. Carter, the Vanguard Group Inc., BlackRock Inc. (BLK) and Capital World Investors.
Delta is among other airlines seeing a surge in passenger flight bookings as millions of people around the world are vaccinated. The company said last month that it will stop bleeding cash due to the surge in demand. The health crisis is far from over, however, and the Centers for Disease Control and Prevention is still advising against travel for those who have not been fully vaccinated.
Delta Air Lines’ 12 month net lagging loss and revenue is $ 12.4 billion and $ 17.1 billion, respectively. The companys Market capitalization is approximately $ 32.3 billion. This financial data is as of April 5, 2021.
“Insider” refers to a person in an executive position, a member of the board of directors, and any person or company that owns more than 10% of the company’s stock. In this context it has nothing to do with insider trading.
Top 3 individual insider shareholders
Edward H. Bastian
Edward H. Bastian owns a total of 468,067 shares in Delta Air Lines, representing 0.07% of the company’s total shares shares outstanding. Bastian has led Delta’s global expansion since becoming Chief Executive Officer (Chairman) in May 2016. During his tenure, Delta was recognized as the world’s most admired airline by Fortune and the world’s most punctual airline by FlightGlobal. Mr. Bastian joined the company in 1998 as Vice President of Finance and Controller and was then promoted to Senior Vice President in 2000. In 2005 he left Delta for a short time to join Acuity Brands Inc. (AYI) but returned six months later to become CFO (CFO).
Glen W. Hauenstein
Glen W. Hauenstein owns a total of 271,660 shares in Delta Air Lines, representing 0.04% of the company’s total outstanding shares. Hauenstein has been President since May 2016. He leads a team responsible for Delta’s network, revenue management, reservation sales, customer care, retention and loyalty strategies. He was previously Executive Vice President and Chief Revenue Officer. When Hauenstein joined Delta in 2005, the airline was primarily a domestic network. He helped turn this network into one that is evenly divided between international and national services.
Peter W. Carter
Peter W. Carter owns 190,891 Delta Air Lines shares, representing 0.03% of the company’s total outstanding shares. Carter has served as Delta’s Executive Vice President, Chief Legal Officer, and Corporate Secretary since July 2015. He is responsible for Delta’s legal, compliance and government affairs worldwide and is a member of the Delta Leadership Committee. He works with various government stakeholders around the world on competition, privacy, compliance and other matters. Prior to joining Delta, Carter was a partner at Dorsey & Whitney LLP international law firm and worked as a clerk for Judge James B. Loken on the US Court of Appeals for the Eighth Circuit.
Top 3 institutional shareholders
Institutional investors hold between 59% and 64% of the total outstanding shares of Delta Air Lines.
Vanguard Group Inc.
The Vanguard Group owns 65.2 million shares of Delta Air Lines, which is 10.2% of the total number of shares outstanding. This is evident from the company’s 13F filing for the period ended December 31, 2020. The company is primarily a mutual fund and ETF management company with approximately $ 6.2 trillion in global assets under management (AUM). The Vanguard S & P 500 ETF (VOO) is one of the company’s largest ETFs with an AUM of around $ 206 billion. DAL accounts for less than 0.1% of VOO’s holdings.
BlackRock Inc.
BlackRock owns 35.7 million shares in Delta Air Lines, representing 5.6% of the total outstanding shares. This is evident from the company’s 13F filing for the period ending December 31, 2020. The company is primarily a mutual fund and ETF management company with an AUM of approximately $ 8.68 trillion. The iShares Core S & P 500 ETF (IVV) is one of BlackRock’s largest ETFs with an AUM of around USD 261 billion. DAL accounts for less than 0.1% of IVV’s holdings.
Capital World investors
Capital World Investors owns 28.1 million shares in Delta Air Lines, representing 4.4% of the total outstanding shares. This is evident from the company’s 13F filing for the period ended December 31, 2020. The company is a mutual fund company and a subsidiary of Capital Research and Management Co., which is itself a subsidiary of the Capital Group of Companies Inc. The total value of its holdings is $ 518.9 billion. DAL comprises more than 0.2% of Capital World Investors’ total stake.
