From yahoo finance
9:25 am Delta Air Lines: Provides June, long-term Outlook in Slide Show (DAL) :
Says on track to produce record earnings cash flow in 2015.
Approaching $4 bln long term adjusted net debt target (Goal is to achieve by 2017).
JunQ forecasts-
Operating Margin 15.5-16.5% (Prio 16-18%);
Fuel Price $2.40-2.45 (Prior $2.35-2.40);
Nonoperating Expense approx $120 mln;
Passenger unit revenue change y/y Down 4-5% (guided for this on Tuesday);
CASM ex fuel Y/Y Flat (Prior Flat to up 1%);
System capacity y/y +3% (Reaffirm);
Free Cash Flow approx $1.5 bln; Cash returned to shareholders $1 bln.
Says 2H15 all in fuel price will be down 25% y/y; Bulk of 2015 hedge losses booked in 1H15..
EPS goal (2015-17) is +15% growth; Free Cash Flow Goal is $4-5 bln long term; Expects to produce over $20 bln in FCF from 2015-17.
9:25 am Oxford Lane Capital prices its 1.8 mln share public offering of common stock at $15.65/share, for expected gross proceeds of $28.2 mln (OXLC) : Co plans to use the net proceeds of this offering for acquiring investments and/or for general working capital purposes, which may include the payment of operating expenses, including advisory and administrative fees and expenses.