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Delta (DAL) earnings Q4 2019 beat estimates

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A Delta Air Lines Boeing 767-300 landing in Amsterdam.

Nicolas Economou | NurPhoto | Getty Images

Delta Air Lines’ fourth-quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel demand — particularly for high-priced premium tickets — boosted the carrier’s results and sent shares up more than 4%.

Delta doesn’t have the beleaguered Boeing 737 Max in its fleet, the plane that has been grounded since March after two fatal crashes in Indonesia and Ethiopia killed 346 people. Competitors American, Southwest and United do have the Max in their fleets and have had to scale back growth planes as the fuel-efficient jets wait to be cleared by regulators to fly again.

The crash led to a ballooning crisis at Boeing that cost the previous CEO his job and drew ire from lawmakers over internal emails that showed Boeing employees gloating about bullying regulators into approving less-rigorous training than some had requested. Boeing’s new CEO, General Electric aviation and Blackstone Group veteran Dave Calhoun, started Monday.

Delta’s CEO Ed Bastian told CNBC’s Phil LeBeau on Tuesday that the issues don’t effect the carrier, which operates older Boeing 737 jets, directly.

“I think it’s been widely reported that there’s a culture issue at Boeing for some time now,” Bastian said. “Dave will clean it up.”

Delta reported adjusted earnings of $1.70 a share, compared with analysts’ expectations of $1.40 a share.

On an unadjusted basis, Delta reported net income of $1.1 billion, up 8% from $1.02 billion during the fourth quarter of 2018. Revenues in the three months ended Dec. 31 rose 6.5% from a year earlier to $11.44 billion, slightly above analysts’ estimates. Revenue from Delta’s premium cabins, such as business class, grew 9% to $3.7 billion. That was more than twice the growth rate for the main cabin, where revenue was $5.24 billion in the fourth quarter.

Delta benefited from cheaper fuel and the unwinding of its minority stake in Brazilian carrier Gol, the result of Delta’s new stake in Gol’s larger South American competitor Latam.

Delta said it expects unit revenues to be flat to up 2% in the first quarter of 2020, and flat margins. The airline reiterated its 2020 guidance of earnings per share of $6.75 to $7.75.



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Former L.A. County Sheriff Is Ordered to Prison for Obstruction of Justice

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A federal judge on Wednesday ordered Lee Baca, a former Los Angeles County sheriff convicted of obstructing an F.B.I. investigation into his department’s troubled jails, to report to prison within three weeks.

Mr. Baca, 77, was convicted in March 2017 on felony counts of conspiracy to obstruct justice, obstruction of justice and lying to federal investigators. He was sentenced that May to three years in prison, but he remained free on bond throughout his appeal, according to court documents.

The United States Attorney’s Office for the Central District of California, which prosecuted the case, declined to comment on Thursday. Lawyers for Mr. Baca did not immediately return phone calls or respond to emails seeking comment on Thursday evening.

On Monday, the Supreme Court denied a petition to open his case for review, clearing the way for Judge Percy Anderson of United States District Court to set the deadline for Mr. Baca’s surrender.

Mr. Baca, who has Alzheimer’s disease, resigned as the leader of the nation’s largest sheriff’s department in 2014 amid the growing obstruction scandal that would engulf at least 10 members of the Los Angeles County Sheriff’s Department.

According to prosecutors, the scheme, which they said began in 2011, included ordering a criminal investigation into federal agents who were themselves investigating allegations of corruption and civil rights abuses at Los Angeles County jails, as well as hiding an F.B.I. informant from investigators.

Mr. Baca put his undersheriff, Paul Tanaka, in charge of the plot, prosecutors argued. Mr. Tanaka, who was later convicted of obstruction of justice and conspiracy, was sentenced in 2016 to five years in prison.



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Why Mothers’ Choices About Work and Family Often Feel Like No Choice at All

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In the mid-1980s, in a landmark employment discrimination case against Sears, Roebuck and Co., the company argued that women were not promoted because they did not choose high-paying or stressful jobs. Sears won, but in testimony, Alice Kessler-Harris, a labor historian, offered an alternate lens: “Choice can be understood only within the framework of available opportunity.”

In a 1991 paper, “Gender Wars: Selfless Women in the Republic of Choice,” Joan C. Williams, a work-life law scholar, wrote: “This insistent focus on the ‘choices’ of individual actors deflects attention from the truly stunning consistency with which it ‘happens’ to be wives who ‘choose’ careers that ‘accommodate their children’s needs,’ while husbands continue (as they always have) to perform as ideal workers.”

Today, the divide is less stark: Three-quarters of mothers are employed. But many feel forced to make painful decisions, like leaving their child in inadequate care, or working in scaled-back jobs they say they wouldn’t have chosen under different circumstances.

It’s still framed as a woman’s own decision — lean in or opt out — and the language of choice continues to shape policy debates.

Democrats have proposed new federal programs, financed by taxpayers, that would provide things like paid family leave and public preschool — which they say would free parents from the limits on their choices today.

Republican proposals focus on individual solutions — like letting new parents draw down their Social Security or tax credits early, and providing funding to increase the number of home-based family child care providers. They say these would give parents more choice without the government swaying them in any direction, and ensure that “the people making different choices than you aren’t paying for your choices,” said Carrie Lukas, president of the Independent Women’s Forum, a conservative policy group.

“It’s not just society forcing women to work less,” she said. “Or maybe it is partially society forcing them to, but at some point I think we’ve just got to accept the idea of women wanting to do this. I want them to have the best options possible and the most say to decide what their own personal preferences are.”

Preferences are shaped by policy, culture, the workplace and the realities of daily life. The question is how women’s choices might change if their options were different.



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Read Vanessa Hudgens, Austin Butler's Sweetest Quotes About Each Other – US News

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Videos can use content-based copyright law contains reasonable use Fair Use ( We’re going to bet on this: You’re still upset about Vanessa Hudgens and Austin Butler’s shocking split. Us too! After all, it was less than 24 hours ago that the world learned of the celeb couple’s breakup. As multiple outlets reported on Tuesday, the High School Musical actress and the Once Upon a Time in Hollywood star have decided to part ways after almost nine years of dating. Throughout their relationship, Hudgens, 31, and Butler, 28, always had the sweetest things to say about each other. It was just a few months ago that Butler gushed to E! News about his leading lady in an exclusive interview. “It’s hard for me to even put into words what that girl means to me,” the actor told E! News at the July premiere of Once Upon a Time in Hollywood. “I am so inspired by her every day and I just love her to my core.” Photos  Vanessa Hudgens and Austin Butler’s Sweetest Quotes  As more details about the celeb duo’s relationship status continue to emerge, we’re taking a look back at Hudgens and Butler’s sweet romance. So, while they might be breaking free, let’s check out Hudgens and Butler’s cutest quotes about each other! Instagram / Vanessa Hudgens Birthday Tribute  “HAPPY BIRTHDAY to my love, my other half, my constant Inspiration and supporter. My best friend. My everything,” Hudgens wrote in a message to Butler on Instagram in Aug. 2019. “@austinbutler ✨28 is going to be [fire emojis].” Instagram So Proud  After Butler landed the role of Elvis Presley in director Baz Luhrmann’s upcoming biopic, Hudgens took to Instagram to celebrate. “I AMMMM OVERRRR THE F–KING MOOOOOOOOONNNNN,” Hudgens wrote on Instagram in July. “I CANT WAIT SO PROUD OF MY HONEYYYYY!!!” Instagram Premiere Time  “It’s hard for me to even put into words what that girl means to me,” Butler told E! News in July at the premiere of Once Upon a Time in Hollywood. “I am so inspired by her everyday and I just love her to my core.” Article continues below Instagram Eyes on You  “The only one I have eyes for,” Hudgens wrote of Butler on Instagram on Valentine’s Day in 2019. Instagram Respect & Trust  Back in 2018, Hudgens opened up to Women’s Health about what makes her relationship with Butler work. “We both respect, trust and admire each other,” she shared. “It’s so solid now because I feel strong as an independent woman. I am very self-reliant, but it’s nice to have a best friend you can share victories with as well as losses.” Hudgens also added, “He inspires me more than anyone.” Instagram “The Light of My Life”  In a birthday tribute to his leading lady in 2015, Butler called Hudgens “the light of my life.” Article continues below Instagram Her Honey  “The Ice man cometh and now he goneth looool @austinbutler firs

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