Today's Research Reports on Trending Tickers: Delta Air Lines and American Airlines
NEW YORK, NY / ACCESSWIRE / December 14, 2018 / Airlines were taking a beating on Thursday after Delta released its profit forecast for next year. Shares of Delta went lower dragging American Airlines, Southwest Airlines, United Continental Holdings, and JetBlue Airways down too.
The Market Edge Initiates Coverage on:
Delta Air Lines, Inc.
https://marketedgereport.com/report/DAL/
American Airlines Group Inc.
https://marketedgereport.com/report/AAL/
Delta Air Lines, Inc. shares were down 4.83% on Thursday on account of traders reacting to the airline's 2019 profit forecast falling short of expectations. The company said during a meeting with investors in New York that it would report a profit in the range of $6 to $7 a share next year. Analysts were waiting for $6.70 a share. The company also forecast that the cost per seat mile would grow. Delta plans to increase average seats per aircraft by 2 percent annually between 2018 and 2023, with premium seats to see a growth of 40 percent on every aircraft. Delta's CEO Ed Bastian has said travel demand remains solid and that the airline would continue segmenting its cabins with an increased focus on higher-margin premium products. The Company expects revenue to grow 4 to 6 percent in 2019 driven by an increasingly diverse revenue stream, premium product mix, and a pipeline of initiatives.
Access The Market Edge's Delta Air Lines, Inc. Research Report:
https://marketedgereport.com/report/DAL/
American Airlines Group Inc. shares dropped 5.5% on Thursday with a little over 10 million shares traded. The airline was one among many to fall after Delta Airlines gave its concerning forecast for 2019. In separate news, American Airlines announced yesterday that it would be adding domestic routes of its third-largest hub at Chicago’s O’Hare International Airport (ORD) starting in early June. The airline said it will also launch new domestic and international flights out of other hub markets that include Dallas/Ft. Worth, Los Angeles, Philadelphia, Washington D.C., Phoenix, and New York City. Vasu Raja, the vice president of Network and Schedule Planning for American said, “We are committed to providing the most choices for our customers across the U.S. and a chance to see the world. Service to Kalispell, for example, offers an exciting destination for our customers to experience. It also introduces new opportunities for local Kalispell customers to connect across American’s vast network through O’Hare, Los Angeles International Airport and Dallas/Ft. Worth International Airport."
Access The Market Edge's American Airlines Group Inc. Research Report:
https://marketedgereport.com/report/AAL/
Our Actionable Research on Delta Air Lines, Inc. (NYSE: DAL) and American Airlines Group Inc. (NASDAQ: AAL) can be downloaded free of charge at The Market Edge.
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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
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SOURCE: The Market Edge
