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Delta Air Lines: Continued Tailwind Expected As Shares Fly High, But Key Risks Could Cause Turbulence
Seeking Alpha· 2024-11-14 18:11
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a media contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, and building a diversified dividend income portfolio, but also a forward- looking view of where he thinks a stock w ...
What's Happening With Delta Stock?
Forbes· 2024-11-07 14:32
A Boeing 767-332(ER) from Delta Air Lines is on the runway ready to take off from Barcelona airport ... [+] in Barcelona, Spain, on October 8, 2024. (Photo by Joan Valls/Urbanandsport/NurPhoto via Getty Images)NurPhoto via Getty ImagesDelta stock (NYSE: DAL) was up 7% on Wednesday, November 6. While the broader markets rallied after the Trump victory, airline stocks at large saw an increased investor interest. Other than the DAL stock, United Airlines stock was up 9%, and American Airlines stock was up 6%. ...
Delta Air Lines Capitalizes on Sustainability and Innovation
ZACKS· 2024-10-31 14:05
Delta Air Lines’ (DAL) contribution to sustainability is commendable. The company has an encouraging track record for expansion and shareholder-friendly initiatives. However, DAL is grappling with elevated operating expenses.Factors Favoring DALDelta's initiatives in sustainable aviation fuel (SAF) and education highlight its commitment to environmental responsibility and workforce development. Partnering with Flint Hills Resources for a SAF blending facility in Minneapolis and sponsoring the inaugural SAF ...
Delta Air Lines Announces Webcast for 2024 Investor Day
Prnewswire· 2024-10-30 12:30
ATLANTA, Oct. 30, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a webcast for its 2024 Investor Day at 8:30 a.m. ET, Wednesday, November 20, 2024. A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete. SOURCE Delta Air Lines WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In GET STARTED ...
Delta Sues Crowdstrike Over July IT Outage That Affected Thousands Of Flights
Investopedia· 2024-10-26 16:00
Key TakeawaysDelta Airlines is suing Crowdstrike over a software update by the cybersecurity company in July that caused massive disruptions.The outage, which affected millions of Microsoft computers, led to flight cancellations or delays for more than a million customers.Delta estimates the outage caused it $500 million in costs, in addition to loss of future revenue and reputational damage.This legal action comes after months of finger-pointing, in which Microsoft and Crowdstrike criticized Delta's handli ...
How United is trying to overtake Delta as the world's most profitable airline
CNBC· 2024-10-26 12:00
United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines , the country's most profitable airline.United Airlines is the best-performing U.S. airline stock this year. It wants to be the most profitable carrier, too.United has been flying for nearly a century and is the world's largest airline by capacity. The Chicago-based carrier has been trying to expand its profits by investing heavily in roomier seats and growing a network that will excite high-spending travelers, wi ...
Here Are My Top 2 Airline Stocks to Buy Now
The Motley Fool· 2024-10-26 11:46
Core Viewpoint - United Airlines and Delta Air Lines are positioned for long-term growth and valuation rerating due to significant megatrends beyond traditional consumer discretionary spending in the travel sector [1] Financial Performance - United Airlines and Delta shares have seen strong performance in 2024, trading at 7.1 times and 9.2 times Wall Street analyst earnings expectations respectively, indicating potential for further growth despite high debt levels [2] - Delta ended Q3 with $18.7 billion in adjusted net debt and generated $2.7 billion in free cash flow (FCF) in 2024, with expectations of $3.4 billion for the full year [2] - Management plans to repay $4 billion in debt in 2024, contributing to improved credit ratings from Moody's and Fitch [2] Industry Dynamics - Recent industry trends challenge the traditional view of high cyclicality, with airlines reducing capacity in response to overcapacity issues [3][4] - Delta's president noted that domestic industry seat growth has moderated, aligning with demand [3] - United's CEO indicated that unprofitable capacity is exiting the market, leading to expected domestic yield improvements [4] Revenue Metrics - Both airlines reported rising cost per available seat mile (CASM) and declining revenue per available seat mile (RASM), but these metrics are expected to improve [5][6] - Delta's non-fuel CASM growth is projected to moderate to 3% in Q4, while United's domestic PRASM showed positive growth in August and September [5][6] Customer Segmentation - Delta's focus on premium customers is yielding positive results, with premium product revenue growing 4% despite challenges, while main cabin revenue declined [7] - Delta's loyalty program revenue increased by 7%, and revenue from co-branded credit cards continues to grow [7][8] Market Outlook - A lower interest rate environment in 2025 is expected to boost consumer discretionary spending on travel, alongside improvements in corporate travel [9] - Both airlines are enhancing their balance sheets through improved FCF and debt reduction, with stable revenue streams from loyalty programs and credit cards [9] - The International Air Transport Association (IATA) projects the global airline industry to earn $30.5 billion in net profits, with North America contributing $14.8 billion [9] Valuation Considerations - Both airlines are generating profitability above the industry average, but their earnings remain cyclical due to economic fluctuations and high fixed costs [10] - There is a case for a valuation rerating as the North American airline industry shows signs of rational behavior in capacity management [10]
Delta Air Lines Soars With A Golden Cross: New Cabins, New Heights
Benzinga· 2024-10-21 14:01
Delta Air Lines Inc DAL isn't just taking its customers to new destinations — it's flying high on the stock charts as well. Chart created using Benzinga Pro The airline, nearing its 100th anniversary, is basking in a Golden Cross — a bullish signal where the 50-day moving average crosses above the 200-day, suggesting that the skies ahead may be clear for takeoff. Delta Air Lines' Stock Chart Supports A Bullish Run Trading at around $55 a share, Delta is currently soaring above its five, 20 and 50-day expone ...
Delta Disappoints: Here's Why the Stock Is Still a Buy
The Motley Fool· 2024-10-17 08:14
The airline's latest news could have been better, but the stock remains at an excellent value on balance.The recent report and guidance from Delta Air Lines (DAL 6.79%) were slightly disappointing for more than one reason. However, they must be examined in the context of the stock's valuation and underlying earnings trends. In doing so, it's clear that there's a robust case for buying the stock despite its 22% run-up since the start of August. Here's the lowdown.Delta Air Lines' mixed newsStarting with the ...
United Airlines takes a shot at Delta's IT meltdown: 'Healthy businesses don't make excuses'
Business Insider· 2024-10-16 21:43
United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report.The incident especially affected Delta, which canceled thousands of flights. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a persona ...