A month has gone by since the last earnings report for Delta Air Lines (DAL) . Shares have added about 10.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Delta due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at Delta in Q1Delta reported  first-qua ...

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The recent economic reports have raised concerns about a potential negative future for the United States economy, characterized by stagflation—a troubling situation of rising inflation and slowing economic growth. The latest GDP figures showed a significant slowdown in growth, with the economy expanding at only 1.6% annually, well below expectations. Concurrently, measured by personal consumption expenditures, inflation surpassed forecasts, growing at 2.8%. This is why investing in airline stocks is proving ...

ATLANTA, April 26, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE: DAL) board of directors today announced Maria Black and Willie CW Chiang as its newest members. Ms. Black is the President and Chief Executive Officer of Automatic Data Processing, Inc., a leading global technology company providing human capital management (HCM) solutions. Mr. Chiang is the Chairman and Chief Executive Officer of Plains All American Pipeline, L.P., and its general partner holding company Plains GP Holdings, L.P. PAA is a publi ...

GATX Corporation’s (GATX) first-quarter 2024 earnings per share (EPS) of $2.01 outpaced the Zacks Consensus Estimate of $1.72. However, the bottom line declined 8.6% year over year. Revenues of $379.9 million improved 12.1% year over year.Lease revenues of $333.3 million grew 10.3% year over year. Revenues from other sources rose 15.5% to $33.4 million.Total expenses (on a reported basis) rose 8% to $265.9 million.Profits in the Rail North America segment profit decreased to $90.3 million from $95.2 million ...

United Parcel Service, Inc. (UPS) first-quarter 2024 earnings per share of $1.43 beat the Zacks Consensus Estimate of $1.33 but declined 35% year over year. Revenues of $21,706 million fell short of the Zacks Consensus Estimate of $21,960.6 million and decreased 5.3% year over year.UPS generated $3,316 million of net cash from operating activities in the first quarter. Capital expenditures were $1,035 million. Free cash flow was $2,280 million.U.S. Domestic Package revenues decreased 5% year over year to $1 ...

Delta Air Lines employees are getting a 5% raise across the board and minimum starting pay will be raised to $19 an hour starting June 1, the company announced Monday. "Delta’s leading position comes thanks to a simple concept that dates back nearly a century – invest in our people first, and they will deliver great service and experiences for our customers," CEO Ed Bastian said in a memo to all employees. "That’s exactly what you do, and it always sets us apart."  The pay hikes announcement comes roughly t ...

Delta Air Lines jets are seen on a taxiway at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. December 22, 2021.Delta Air Lines said it is raising staff pay by another 5% this year as the country's most profitable airline prepares for the busy summer travel season.The pay increase, which starts June 1, applies to workers including flight attendants, ground handlers, mechanics and some office workers, among others. It does not apply to pilots, who are unionized and ratified a contr ...

Despite challenges such as inflation and safety concerns, including the Boeing 737 Max 9 door plug incident, demand for flights persists. United Airlines' (UAL) Chief Commercial Officer, Andrew Nocella, anticipates record-breaking numbers of travelers this summer.The same was the tone of Delta Air Lines (DAL) ’ CEO Ed Bastian. Delta’s demand continues to be strong, with a record spring and summer travel season. Delta’s 11 highest sales days in its history happened this calendar year, as quoted on CNBC.Unite ...

Core Viewpoint - The investment case for Delta Air Lines has strengthened due to excellent earnings results, making it a strong long-term growth stock option for investors [1] Group 1: Financial Performance - Delta's first-quarter adjusted revenue growth was 6%, with total revenue per available seat mile (TRASM) at 19.17 cents, slightly down from 19.3 cents year-over-year [3] - Non-fuel cost per available seat mile (CASM-Ex) increased by only 1.5% to $14.08, better than the forecasted 3% increase [3] - The overall CASM decreased to 20.04 cents from 21.25 cents in the same quarter last year, contributing to a year-over-year adjusted operating margin increase from 4.5% to 5.1% [3][4] Group 2: Future Guidance - For the second quarter, Delta expects adjusted revenue growth of 5%-7% driven by capacity growth of 6%-7% and a CASM-Ex increase of 2% [4] - Management maintained its full-year guidance, indicating confidence in the summer travel season's performance [4] Group 3: Revenue Composition - Delta is focusing on premium travelers, with premium ticket sales increasing by 10% to $4.41 billion, while loyalty travel awards revenue grew by 14% to $0.84 billion [6][5] - Total loyalty revenue increased by 12%, with American Express remuneration expected to grow from $6.8 billion in 2023 to $10 billion over the long term [5] Group 4: Debt Management - Delta repaid $700 million in debt during the quarter, with a plan to repay $4 billion in 2024, which is expected to improve its debt-to-earnings multiples [7] - The stock is trading at 7.3 times 2024 Wall Street earnings expectations and less than 9 times 2024 free-cash-flow expectations, indicating strong value [7]