56.20 +1.12 (2.03%)
Pre-Market: 8:22AM EST
|Bid||0.00 x 1100|
|Ask||56.30 x 1300|
|Day's Range||54.95 - 55.52|
|52 Week Range||45.08 - 63.44|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||7.79|
|Earnings Date||Jan 13, 2020 - Jan 17, 2020|
|Forward Dividend & Yield||1.61 (2.90%)|
|1y Target Est||65.26|
Delta Air Lines Inc. said Thursday it expects to generate per-share earnings of $6.75 to $7.75 in 2020 as revenue grows 4% to 6%. The current FactSet consensus is for EPS of $7.05. The airline offered the guidance ahead of an investor day, adding that it is expecting to generate free cash flow of $4 billion in 2020. "We will continue to deploy capital to reinvest in the business and remain committed to returning 70 percent of free cash flow to our owners," Chief Financial Officer Paul Jacobson said in a statement. Shares rose 1.9% premarket and have gained 10% in 2019, while the S&P 500 has gained 25%.
Delta Air Lines Inc sees another annual rise in profit and revenue in 2020 driven by what Chief Executive Ed Bastian called a growing interest in air travel by consumers across the generational spectrum. "People are more inspired to travel," Bastian told Reuters ahead of the carrier's investor day, citing the increased affordability of flying and advances in social media and technology, even as environmental and "flight-shaming" activists threaten air travel growth in Europe. Atlanta-based Delta is forecasting 2020 profit of $6.75 to $7.75 per share, versus analysts' mean estimate of $7.06 according to IBES data from Refinitiv, on revenue growth of 4% to 6% and $4 billion of free cash flow.
Delta Air Lines expects to fly through the “headwinds” of US election uncertainty and the return of Boeing’s 737 Max planes to competitors’ schedules to produce revenue growth of 4 to 6 per cent in 2020, the US carrier will tell investors on Thursday. Ed Bastian, chief executive, told the Financial Times that 2019 would be “the best year in Delta’s history by almost all measures”, and predicted that momentum would continue, allowing it to report diluted earnings per share of $6.75-$7.75 next year. Delta has claimed to have seen little advantage from not having the Max in its fleet at a time when rivals including Southwest and American have had to ground many of their planes for months after two fatal crashes.
Delta (NYSE: DAL) today will host its annual event for the investment community, where leadership will provide an update on the company's business strategy and 2020 financial targets.
Delta Airlines is forecasting stronger-than-expected 2020 earnings at its investor day in Atlanta, but notes 737 MAX return uncertainty alongside consumer sentiment risks.
Southwest said WestJet should divest 16 LaGuardia slots if the carrier's proposed alliance with Delta were to go through.
The pilot hiring plan is part of a broader effort to onboard more than 8,000 aviators in the next decade.
U.S. Travel economists noted that historically, business travel typically declines before leisure travel does as the country heads into an economic slowdown, which is why the October dip is "possibly a worrisome harbinger for the broader economy."
A Delta Air Lines Inc. plane scheduled to fly to New York's LaGuardia airport was hit by a deicing truck in Portland, Maine. A truck that was deicing a plane collided with the Delta plane's tail, but no one was injured. While it removes ice and snow, deicing fluid has a limited ability to prevent further ice from forming.
Brazil's GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake. Delta's decision to sell its stake was expected, following its acquisition of a 20% stake in GOL competitor LATAM Airlines Group SA for $1.9 billion in September. Delta did not immediately respond to Reuters' request for comment.
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Delta Air Lines will relocate and modernize its Sea-Tac airport communications center, the backbone of its fast-growing Puget Sound flight operations.
American Airlines capacity growth in 2020 will be more in line with competitors than this year, according to one industry analyst.
The decline in passenger count at Hawaiian Airlines, Hawaiian Holdings' (HA) subsidiary, does not bode well. Ryanair's (RYAAY) decision to trim its traffic growth forecast is discouraging too.
Delta Air Lines Inc., Chief Executive Officer Ed Bastian says he’d like to offer Wi-Fi free on his airline’s flights but right now it would crash the system.
Air France-KLM's plans to acquire a one-third stake in rival Virgin Atlantic cratered just two weeks after the deal passed muster with the U.S. Department of Transportation (DOT) on Nov. 21 — the final antitrust hurdle facing the proposed joint venture. The airlines claimed the decision not to proceed was mutual, but Virgin majority owner Richard Branson said he didn't want to dilute his investment after meeting some competitive goals through the recent deal for Flybe. The European Commission (EC) green-lighted the transaction in February.
A panel was slated to discuss new content models at Atlanta Business Chronicle's Business of Entertainment event.
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Food for years has taken a back seat to fare pricing as the principal factor customers consider when booking domestic airline flights. But a new 2019 J.D. Power International Airline Destination Survey reveals that when passengers book flights internationally, food and the overall inflight experience are far more important than price in deciding which carrier to book.
American's has been focused on improving on-time performance, and November demonstrated the results of its efforts.