BlackRock Amends Delta Air Lines Stake, Files SC 13G/A

TL;DR

**BlackRock updated its passive stake in Delta Air Lines as of year-end 2023.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Delta Air Lines, Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates previous disclosures about BlackRock's passive investment in Delta. This matters to investors because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in its investment strategy or outlook on Delta's stock, potentially influencing market sentiment.

Why It Matters

This filing updates BlackRock's reported ownership in Delta Air Lines, providing transparency on a significant institutional investor's position, which can impact investor confidence and stock price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note BlackRock's continued passive stake in Delta Air Lines. While this filing doesn't reveal specific changes in share count, it confirms BlackRock's ongoing position as a significant institutional holder as of year-end 2023. Smart investors might monitor future 13F filings for more detailed quantitative changes in BlackRock's holdings.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• DELTA AIR LINES, INC. (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event which requires the filing
• January 26, 2024 (date) — the date the SC 13G/A was filed
• Amendment No: 5 (number) — the specific amendment number of this filing

FAQ

From the Filing

0001086364-24-004869.txt : 20240126 0001086364-24-004869.hdr.sgml : 20240126 20240126172651 ACCESSION NUMBER: 0001086364-24-004869 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELTA AIR LINES, INC. CENTRAL INDEX KEY: 0000027904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 580218548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12283 FILM NUMBER: 24569225 BUSINESS ADDRESS: STREET 1: HARTSFIELD-JACKSON ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30354-1989 BUSINESS PHONE: 4047152600 MAIL ADDRESS: STREET 1: 1030 DELTA BLVD. STREET 2: DEPT 981 CITY: ATLANTA STATE: GA ZIP: 30354 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR LINES INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR CORP DATE OF NAME CHANGE: 19660908 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us2473617023_012624.txt us2473617023_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) DELTA AIR LINES, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 247361702 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 247361702 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 40843687 (6) Shared voting power 0 (7) Sole dispositive power 43050757 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 43050757 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- DELTA AIR LINES, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1030