After hours: 7:20PM EDT
|Bid||54.28 x 2200|
|Ask||54.64 x 800|
|Day's Range||53.75 - 54.67|
|52 Week Range||45.08 - 61.32|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||9.05|
|Earnings Date||Jul 10, 2019 - Jul 15, 2019|
|Forward Dividend & Yield||1.40 (2.40%)|
|1y Target Est||66.42|
Airline stocks were mixed on Monday, as Morgan Stanley upgraded United Airlines but downgraded Delta Air Lines and American Airlines.
were down 0.8% Monday after the company was downgraded by analysts at Morgan Stanley who believe the carrier has reached mature valuation. The firm also lowered the price target on the stock to $61 from $62. "As we look at our refreshed 2020 estimates, which are moderately below consensus and reflect pilot step-ups, higher oil, elevated supply growth (3-4% 2019/2020), and healthy LSD RASM, shares are trading closer to an appropriate multiple (of ~9x).
Morgan Stanley analyst Rajeev Lalwani upgraded United to Overweight and raised his price target by $9, to $110. He downgraded Delta and American.
In the event of carriers gaining final approval for additional flights to Haneda, their top lines are likely to be driven by significant traffic on the routes.
Learn about Porter's Five Forces, a framework used to analyze external threats to companies, and discover which forces pose the biggest threats to Delta.
Now Delta Air Lines is taking its first steps towards offering free Wi-Fi as well. The Atlanta-based carrier started a two-week pilot test on May 13 that includes free Wi-Fi on around 55 domestic short-, medium- and long-haul flight segments a day.
Delta Air Lines (DAL) closed the most recent trading day at $54.95, moving -0.79% from the previous trading session.
Delta lacks a partnership with a major airline in Japan, the wealthiest market in Asia, but the airline said the new slots would give it better access to Haneda through joint venture partnerships with Japanese airlines.
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Allison Ausband started as a flight attendant for Delta 34 years ago and now leads a team of more than 23,000 around the world.
The Department of Transportation ruling must get final approval before flights begin, possibly in time for the 2020 Summer Olympics in Tokyo.
American Airlines won two of its four requested routes to Tokyo Haneda International Airport in Japan, including DFW service.
Delta Air Lines and United Airlines are poised to win the most new daytime slots at Tokyo's Haneda International Airport in time for the 2020 Summer Olympics, according to a U.S. Department of Transportation ...
Delta Air Lines and United Airlines are poised to win the most new daytime slots at Tokyo's Haneda International Airport in time for the 2020 Summer Olympics, according to a U.S. Department of Transportation statement on Thursday. Of 12 new slots agreed with Japan, the DOT has tentatively allocated five for Delta, four for United, two for American Airlines Group Inc and one for Hawaiian Airlines.
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Moody's Investors Service ("Moody's) assigned a B1 rating to the new senior unsecured notes due 2022 that American Airlines Group Inc. announced earlier today. The new notes will be guaranteed by subsidiary American Airlines, Inc. The net proceeds are to be contributed to the company's pension plans. Leverage is elevated because of the heavy reliance on debt for repurchasing shares while funding the majority of almost $27 billion of capital investment over the last five years with operating cash flow.
Southwest Airlines' (LUV) dividend hike and the new buyback plan are indicative of its shareholder-friendly stance. The company has returned in excess of $11 billion to its shareholders since 2010.
Airlines, facing public pressure, are removing single-use plastic straws, stir sticks, utensils and wrappers from their cabins, with some carriers holding zero waste and plastic-free flights. Hi Fly, which specializes in leasing and charter services to airlines, is taking the unusual step of holding a private sector-led meeting in Portugal, bringing together representatives from carriers including Deutsche Lufthansa AG, Delta Air Lines and Air Canada, as well as airline catering companies and the European Commission, to find ways to reduce plastics and cabin waste.
Senior officials from Boeing Co and a U.S. aerospace trade group on Wednesday urged the U.S. government to narrowly tailor any tariffs imposed on the European Union over illegal aircraft subsidies to avoid harming American manufacturers. Delta Air Lines Inc warned that such tariffs would cause "serious harm" to the airline, its customers and workers since the U.S. carrier is contractually obligated to buy Airbus aircraft worth billions of dollars. The comments came at a two-day hearing held by the U.S. Trade Representative's office on proposed tariffs on EU goods related to the long-running Boeing-Airbus subsidy dispute.
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