DAL - Delta Air Lines, Inc.
| Previous Close | 62.66 |
| Open | 62.86 |
| Bid | 60.80 x 900 |
| Ask | 61.22 x 3200 |
| Day's Range | 60.86 - 63.09 |
| 52 Week Range | 45.08 - 63.27 |
| Volume | 7,640,407 |
| Avg. Volume | 5,065,282 |
| Market Cap | 39.604B |
| Beta (3Y Monthly) | 1.30 |
| PE Ratio (TTM) | 9.09 |
| EPS (TTM) | 6.70 |
| Earnings Date | Oct 9, 2019 - Oct 14, 2019 |
| Forward Dividend & Yield | 1.61 (2.57%) |
| Ex-Dividend Date | 2019-07-24 |
| 1y Target Est | 69.84 |
- American City Business Journals•2 days ago
Boeing's 737 Max crisis hits pilots at Southwest, European airlines
Budget airlines in the U.S. and Europe are cutting thousands of flights because of the Max grounding, and they're grappling with pilot overstaffing.
- InvestorPlace•2 days ago
3 Large-Cap Stocks to Short
At some point the confident and positive game bulls have been playing will end. The good news is the party may just be beginning for well-positioned bears in large-cap stocks Netflix (NASDAQ:NFLX), Home Depot (NYSE:HD) and Delta Air Lines (NYSE:DAL) offering classic topping patterns that are ready for a more troubled and profitable tomorrow. Let me explain.After hitting record highs out-the-gate in Monday's session, it's been a tough week for the broader averages. And maybe rightfully so. The S&P 500, the market's broadest barometer for large-cap stocks is up roughly 20% in 2019 alone. That's nothing to sneeze at. And let's face it, optimism regarding earnings, an endgame to the trade war and future interest rate cuts can only go so far.The fact of the matter is large-cap stocks are facing historically stretched price multiples following a remarkable bull-run of more than 325% over the last decade. But just because the market's rally may be in its final innings doesn't mean wagering profitably in the stock market isn't possible.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Are Still Worth Your Time (And Money) Let's now take a look at the price charts of NFLX stock, HD stock and DAL stock and appreciate how a more bearish trend can be an equally friendly and profitable environment for investors taking advantage of today's topping patterns into tomorrow and beyond. Netflix (NFLX) Click to EnlargeNFLX is the first of our large-cap stocks for shorting. As any investor with even a passing interest in the market knows, Netflix's latest quarterly report which featured surprisingly weak subscription data, didn't sit too well with Wall Street. But the worst may be yet to come.While the S&P 500 has enjoyed its astonishing run, NFLX stock is up a staggering 6,300% since the financial crisis in 2009. But rather than just being dismissive of this amazing rally and betting blindly on the notion all trends do eventually end, this large-cap stock is giving bearish investors a technical-based heads up.Netflix's weekly chart shows shares have just confirmed a lower high after Thursday's post-earnings sell-off. The price action was severe enough to also break below key support put together during 2019. It's looking bad to say the least.With this large-cap stock's bearishly-positioned stochastics and Bollinger Bands just opening up from a pinched position, it's time to short NFLX stock. My recommendation is to place a 6% blended technical and dollar-based stop-loss and look to take initial profits around $250 as shares challenge the December lows. Home Depot (HD) Click to EnlargeHome Depot is the next of our large-cap stocks for bearish investors. Home Depot hasn't delivered returns like Netflix over the past decade, but gains of more than 1,330% aren't in need of fixing either.The money shot for bears looking to position HD stock is a widening or inverted triangle topping pattern. We're looking at the monthly price chart of Home Depot as our guide for shorting shares.Honestly, this formation isn't likely to result in a complete deconstruction of the prior trend. Still, with Home Depot shares facing angular resistance and a bearish stochastics setup warning of lower prices, a reversal towards $140 - $150 and test of pattern support and the 38% retracement level looks compelling. * 7 Stocks Top Investors Are Buying Now For this large-cap stock I'd suggest a bit of price confirmation and short HD shares below $208 with a stop-loss above the pattern. That works out to risk of less than 6% compared to profits of around 30% if our forecast proves accurate. Delta (DAL) Click to EnlargeShares of Delta are the last of our three large-cap stocks to short. DAL stock has also been flying high over the past ten years with returns reaching over 1,100%. Over the past couple years those gains have been the result of a bullish-looking channel. I've provided a weekly chart to target a proper short in DAL.With Delta stock in a testing position of pattern resistance and stochastics in overbought territory, the likelihood of a pullback is high. Admittedly, my technical forecast for the airline isn't nearly as gloomy as it is for NFLX or HD, and I suspect Delta's bullish trend will eventually continue. Right here, right now though, DAL stock is on the radar for shorting.My recommendation for shorting this large-cap stock is to wait for a candlestick topping candle to be confirmed. This could happen sometime in the next five days if shares of DAL pass through the low of the current shooting star doji pattern taking shape on the weekly chart.Once positioned I'd suggest a 4% stop-loss. This exits the short slightly above the high of the signal candle. If we're right though and DAL stock is grounded and shares move into the area from $48 - $53, I'd definitely take profits and possibly even consider going long this large-cap stock as a safe, but profitable landing looks likely.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Large-Cap Stocks to Short appeared first on InvestorPlace.
- Zacks•2 days ago
Zacks Value Trader Highlights: Sinopec, Health Insurance Innovations, Navient, Ford and Delta
Zacks Value Trader Highlights: Sinopec, Health Insurance Innovations, Navient, Ford and Delta
- InvestorPlace•2 days ago
AAL Stock Looks Ready To Take Off After Earnings
Shares of American Airlines (NASDAQ:AAL) have been a big laggard in 2019. Most major stock indices are up strongly since the beginning of the year and trading near all-time highs. AAL stock, however, has basically treaded water and consolidated most of the year. Cheap comparative valuations, solid fundamentals and improving technicals make American Airlines attractive at current levels. Time to book a flight on AAL stock as it readies for lift off.Source: Shutterstock American Airlines will report earnings before the market opens on July 25. Expectations are for $1.77 in EPS on $11.96 billion in revenue. AAL earnings have beaten expectations each of the past four quarters and I look for another beat this quarter as well. The company last week said TRASM (Total RevenueAvailable Seat Mile) for the second quarter would come in at 3-4% growth, higher than the previously expected 1-2% growth. This should bleed through to better earnings for AAL. Click to EnlargeInvestorPlace - Stock Market News, Stock Advice & Trading TipsAAL stock is certainly not expensive on a valuation basis. The TTM P/E is below 8 and near the cheapest levels of the year. This is a major discount fellow competitor United Airlines (NYSE:UAL) which has an EPS approaching 10. A slight multiple expansion for AAL stock to even 9 would provide a significant boost to the shares.American Airlines stock is looking attractive from a technical perspective. Shares are poised for an upside breakout after holding support at the $30 area. AAL stock is back above the all-important 200 day moving average at $33.53. Both momentum and MACD remain positive. After a series of lower highs, American Airlines stock is on the cusp of making a new relative high. Click to EnlargeAmerican Airlines been a huge underperformer to rival Delta Airlines (NYSE:DAL) as seen in the chart. AAL stock is up just 5% year-to-date compared to a hefty 25% gain for DAL stock in the same time period. Expect that divergence to start to converge with American being a relative outperformer to Delta over the coming weeks. * 10 Tech Stocks That Are Still Worth Your Time (And Money) It is getting more and more difficult to find value stocks in the current stock market environment. Investors should consider adding AAL stock to their portfolio on any weakness. An initial price target would be the 2019 highs near the $37 area. The current dividend yield of 1.19% provides an additional income stream as well.As of this writing, Tim Biggam did not hold a position in any of the aforementioned securities. Anyone interested in finding out more about option-based strategies or for a free trial of the Delta Desk Research Report can email Tim at timbiggam@gmail.com. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post AAL Stock Looks Ready To Take Off After Earnings appeared first on InvestorPlace.
- InvestorPlace•2 days ago
Free Profit Opportunity in Southwest Stock
There was a time when the transports were the hot sector to watch on Wall Street. They served as a great barometer to the whole market. But they have long lost their leadership role except for sporadic stints. Airliner Southwest Airlines (NYSE:LUV) stock tracks the iShares Transportation Average ETF (BATS:IYT) very tightly. And it now sits in the middle of the six-month range.Source: Shutterstock This is important to note because LUV is going to deliver earnings next week. This week United Airlines (NASDAQ:UAL) stock rallied off its earnings report, so there is definitely an opportunity for LUV stock price to do the same next week.But I am most interested in the support below, and this will become clear at the end.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe short-term reactions to earnings are always binary, so this adds a bit of gambling flair to the trade. Even if management gives us the results ahead of time, we cannot guess how investors will react to them. Handling UAL Stock Into EarningsIt's all about managing expectations and we all know how things can go bad like what happened to Netflix (NASDAQ:NFLX) yesterday. The estimates create uncertainty, because if management misses them, investors sell the news even if the results are actually good in absolute terms. * 10 Tech Stocks That Are Still Worth Your Time (And Money) But it is important to note that this binary effect is temporary. The fundamentals and the technicals will retake the reins of the Southwest stock price once the event headlines abate.Last year, the transports fell 25% into Christmas but has recovered well since then. Like LUV, the IYT also now sits in the middle of the six month range.So what does this mean for LUV stock price at these levels? The bulls are in control and will continue to buy the dips. After all we now know that the Fed cast its safety net back out.So, if I'm long the stock already, then I have no reason to leave it because the fundamentals that got me into LUV have not changed. Airlines have developed a new way of doing business in the U.S. that has almost erased the old stigma of shoddy operations.I am flying today and I can assure you that I paid for many extra fees that didn't exist just a couple years ago. Critics point out that they lack overall pricing power but they are making up for it with additional fees from every angle.This is all to say that the Southwest team is executing on plans well enough to warrant the current valuation.Technically speaking, LUV stock has been setting higher lows while knocking at the $54 per share neckline. It has also bounced off of $48-per-share support zone four times, with the exception of a deeper dip into the Christmas market-wide debacle.So the bulls have the benefit of solid support below while attacking a resistance level. Often times the bears get tired of defending the resistance and the bulls overshoot higher. In this case, the outside target would be $58 per share with resistance at $56.Some investors prefer to hold stocks for the very long term. And for those, the $58 resistance won't matter. For the faster traders, $58 is a target area to exit the trade, or at least book some profit.However, if the bulls are able to break through that resistance then it becomes the next upside opportunity to extend the rally and set new all-time highs. There would obviously be resistance at $64 in that scenario. The Bottom Line on Southwest StockWhile owning shares of LUV is a legitimate trade opportunity, I prefer to use options in my trading. So in this case, since we noted that that there is solid support below, I prefer selling downside puts into what others fear. This way I can create income without any money out of pocket.For example, I can sell the Dec $45 put and collect $1 for it. All I need to profit is for the LUV stock price to stay above that level. Otherwise I own the shares at $45 and break even at $44 per share.Compare this with owning shares now and risking my money with no margin for error. By selling the puts I create a 13% moat around my risk. And I don't even need a rally to win.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Free Profit Opportunity in Southwest Stock appeared first on InvestorPlace.
- American City Business Journals•2 days ago
Is American, Southwest or Delta bigger? Depends what you measure
Depending on the metric used, several different carriers could be considered the largest airline in the U.S.
- American City Business Journals•2 days ago
Emory overtakes Delta as Atlanta area’s top employer
Emory has bumped Delta out of the No. 1 spot on Atlanta Business Chronicle's list of Atlanta's 25 largest employers, a spot Delta has held since 1991.
- Reuters•3 days ago
U.S. airline group says it had a 'productive meeting' with Trump on Qatar
A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States. "We had a productive meeting with President Trump today to talk about the importance of American jobs and not letting foreign governments break their agreements with the United States," Scott Reed of the Partnership for Open & Fair Skies said in a statement. "The president shares our concerns and instructed us to keep working with the U.S. Department of Transportation, which we plan to do," he said.
- Kiplinger•3 days ago
The 10 Cheapest Warren Buffett Stocks
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), is renowned for his ability to find bargains, but with markets at record highs, cheap stocks are getting tougher and tougher to find.That's true even within Berkshire Hathaway's own portfolio.Indeed, several Buffett stocks have gained some froth of their own. Many, however, still look plenty cheap for new money. After looking at where shares trade relative to expected earnings, in comparison to their own historical valuations, and vs. the Standard & Poor's 500-stock index, numerous Berkshire Hathaway holdings still appear downright cheap.We sorted through all 48 stocks in the Berkshire portfolio to find the biggest bargains left standing after the market's amazing run so far in 2019. Here are the cheapest Warren Buffett stocks right now. SEE ALSO: The Berkshire Hathaway Portfolio: All 48 Buffett Stocks Explained
- American City Business Journals•3 days ago
Delta adding overdose-reversal drug on planes to combat opioid crisis
The Atlanta-based says it has had plans since the beginning of the year to add naloxone to its emergency medical kits, and will make the overdose-reversal drug available on all its planes starting this fall.
- Bloomberg•3 days ago
Trump to Host U.S., Qatar Airline CEOs in White House Showdown
(Bloomberg) -- President Donald Trump is poised to meet with the heads of American Airlines Group Inc., United Airlines Holdings Inc. and Qatar Airways to discuss competition issues amid a long-running feud pitting the U.S. carriers against their Persian Gulf rivals, people familiar with the matter said.Vice President Mike Pence will also attend the meeting Thursday afternoon with American Chief Executive Officer Doug Parker and United’s Oscar Munoz, said the people, including a White House official, who asked not to be named ahead of the private discussions. American, United and Delta Air Lines Inc. have long argued that government subsidies enable Qatar Airways, Emirates and Etihad Airways to compete unfairly.The White House meeting comes two weeks after Trump hosted the emir of Qatar at the White House. Qatar Airways CEO Akbar Al Baker will also attend the Thursday meeting, as will Fred Smith of FedEx Corp., Robin Hayes of JetBlue Airways Corp. and Bill Flynn of Atlas Air Worldwide Holdings Inc., a freight and charter company. Those three U.S. companies have opposed American, United and Delta on the subject of the Persian Gulf carriers.The U.S. and Qatar have recently been at odds over whether Qatar Air’s stake in Air Italy is meant to undercut U.S. competitors, despite a previous deal between the nations. U.S. Secretary of State Mike Pompeo said in April that he was “personally engaged on this issue and we are working to make sure that every party to those agreements complies with every element of those agreements.”Delta CEO Ed Bastian isn’t attending the meeting because he’s traveling abroad. The Atlanta-based airline reaffirmed this month that it is considering an investment in Italy’s Alitalia.To contact the reporters on this story: Justin Bachman in Dallas at jbachman2@bloomberg.net;Josh Wingrove in Washington at jwingrove4@bloomberg.net;Jennifer Jacobs in Washington at jjacobs68@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, ;Michael Shepard at mshepard7@bloomberg.net, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals•3 days ago
From Delta to Frontier: The fastest-growing airlines at RDU in 2019
It was another month of record traffic at RDU, and new numbers show which carriers are getting the most flyers.
- American City Business Journals•3 days ago
ABM Aviation to layoff more than 200 Atlanta employees
A a facility management company announced it's laying off 202 employees in Atlanta as the company will cease providing facility services for Delta Air Lines.
- Yahoo Finance•3 days ago
Here is how corporate stock buybacks are changing the earnings picture
Earnings season is underway and corporate buybacks are set to boost earnings per share for S&P 500 companies.
- Zacks•3 days ago
The Cheapest Zacks Rank #1 Stocks Right Now
Zacks has a great stock ranking system. Value investors can use it to find top cheap stocks.
- Zacks•3 days ago
The Zacks Analyst Blog Highlights: Southern Company, Prologis, Delta Air Lines, Occidental Petroleum and Dollar General
The Zacks Analyst Blog Highlights: Southern Company, Prologis, Delta Air Lines, Occidental Petroleum and Dollar General
- Bloomberg•3 days ago
The Amtrak That Works, and the Amtrak That Doesn’t
(Bloomberg Opinion) -- By the time it crossed the Mississippi River at Burlington, Iowa, last week, our California Zephyr was running more than eight hours late on its journey from the San Francisco Bay Area to Chicago. The last meal, a free, off-menu beef stew, had just been served in the dining car. My wife and I opted instead to consume a couple of Maruchan Instant Lunch cups, purchased in the cafe, accompanied by a half bottle of Kendall-Jackson chardonnay, also from the cafe. Occasional wafts of sewage odor tainted the air, the aging Superliner cars creaked and rattled, and the dining- and sleeping-car staff exuded fatigue and resignation. Even the conductor, who had just gotten on at Ottumwa, sounded appropriately defeated when he reaffirmed over the loudspeaker that, yes, every connecting train in Chicago, including the Lakeshore Limited to New York for which we had tickets, would be leaving before our train got there.Things did improve a little once we entered Illinois. My wife got an unexpected email from Amtrak with a PDF ticket attached for the next day’s Lakeshore Limited, in more spacious accommodations than what we had originally booked. The train also started going consistently faster, mostly between 70 and 80 miles an hour, chipping away at our estimated arrival time by a minute here and a minute there until we were forced to sit still outside the Chicago suburb of Naperville to let a Metra commuter train go by. After a lovely day in Chicago (we stayed with friends, but Amtrak would have put us up in a hotel if needed), we boarded the train to New York only to learn that its departure would be delayed two hours to wait on two very late trains arriving via different routes from Los Angeles, the Southwest Chief and Texas Eagle. The conductor sounded irked about this rather than resigned, and over the next 20 hours we made up about a third of the lost time, arriving in Manhattan in the middle of a minor blackout that spared Penn Station but made getting home from there something of an adventure. Isn’t long-distance train travel great!?!Actually, it is. I’m not hankering to get on the California Zephyr again anytime soon, but I’m glad to have had the experience. It offered spectacular scenery, mealtime encounters with interesting people from all over (if you’re in a party of less than four, you’re always seated with strangers), and hour after hour after hour of mostly blissful reading and napping. A few months ago, the New York Times Magazine had a detailed account by journalist/humorist Caity Weaver of a trip from New York to Los Angeles on the Lakeshore Limited and Southwest Chief that captured the vibe quite nicely, so I’ll stop here with the travelogue and start with some numbers.Yes, that’s right: The California Zephyr, with one eastbound train a day and one westbound, lost more money last year than any other service operated by the National Railroad Passenger Corp., aka Amtrak. On a per-passenger-mile basis, it wasn’t so bad (the three-times-a-week Sunset Limited was the worst), but still, the operating losses from the California Zephyr, Southwest Chief and Empire Builder together nearly equaled Amtrak’s total fiscal 2018 operating loss of $170.6 million. Since the start of fiscal 2019 in October, the California Zephyr alone has lost $40.9 million, even as Amtrak’s operating loss has dwindled to $50.9 million and is projected to approach zero for the full fiscal year.This is possible because Amtrak also operates on shorter routes with much more frequent services that carry many more passengers and in some cases even turn big operating profits:These numbers include subsidies from the states, which add up to about 7% of overall operating revenue, with California and Illinois the biggest contributors. They leave out capital expenditures, which are highest for the Northeast Corridor along which the Acela and Northeast Regional trains travel because Amtrak owns most of the track and is thus responsible for its upkeep. The California Zephyr uses track owned and maintained by freight railroads BNSF, a subsidiary of Berkshire Hathaway Inc., and Union Pacific Corp. But that’s actually a big part of the problem faced by it and other long-distance routes.The 1970 federal law that released private railroads from the obligation to carry passengers and created Amtrak decreed that its trains be given priority over freight. But because Amtrak’s long-distance trains run infrequently on tracks controlled by others and a certain amount of schedule unpredictability is inherent in the distances they travel — and because, Amtrak complains, the freight railroads aren’t obeying the law — they are constantly being delayed by conditions outside their control.The California Zephyr that I traveled on started out about an hour late because of engine problems, kept getting later because of congestion and track work, had to restrict its speed while climbing the Rockies in Colorado because it was hot out, took a seeming eternity to back into and then pull out of Denver’s Union Station, endured more track-repair-related slowdowns amid the waterlogged cornfields of Nebraska, then came to a halt because the conductors and engineer had been on the job for 12 hours straight and another federal law required that they sit tight until a replacement crew came in from Lincoln. On the westward journey two weeks earlier, my wife and son (he and I each flew one way) spent several early-morning hours parked near the Nevada-Utah border after their train pulled onto a siding to let a faster-moving freight train pass, and the freight engine promptly broke down.On track that Amtrak owns or otherwise exercises some control over — or even just uses frequently enough that its comings and goings can be counted upon — these problems are less pronounced. Amtrak’s Northeast Corridor trains were on time at 76.2% of their stops in fiscal 2018 and its other short-haul trains 77.7%. For the long-distance trains, that percentage was only 52.1%, even though they’re subjected to a looser definition of “on time” than shorter routes are.(1)Amtrak, then, is really running two train systems. One provides residents of cities in the Northeast, Midwest and along the West Coast with regional train service that’s not great by Western European or East Asian standards but is useful to lots of people and seems like it could get by on ticket revenue, state subsidies, and some federal help with financing big capital projects such as that much-needed new tunnel under the Hudson River. The other consists of 15 longer routes that have appeal for tourists, residents of some isolated towns and airplane-shunning Amish folk (if riding Amtrak through the Midwest was your only experience of this country, you’d think it was about 10% Amish) but cannot survive without ongoing operating subsidies from Congress. The $1.9 billion that Congress appropriated to Amtrak for fiscal 2019 amounts to only about 0.04% of total federal spending, and one could perhaps argue that subsidies for long-distance rail are worth it in some kind of nation-building or nation-advertising sense. But those subsidies do seem to reduce Washington’s appetite for investments to upgrade Amtrak’s more heavily traveled intercity offerings, which are of far more economic value.Current Amtrak Chief Executive Officer Richard Anderson, who once held the same job at Delta Air Lines Inc., has considered this situation and, as the Wall Street Journal’s Ted Mann described a few weeks ago, understandably concluded that the long-distance routes aren’t a priority. Last year, for example, Anderson said that rather than pay to maintain a 219-mile stretch of Southwest Chief track that owner BNSF no longer uses, Amtrak would replace the train with bus service between Albuquerque, New Mexico, and Dodge City, Kansas.The White House has taken a similar stance, arguing in the proposed fiscal-year 2020 budget that:The Long Distance network has not changed from its original iteration 40 years ago. It does not provide efficient services in areas where passenger rail is a competitive form of transportation and inadequately serves low population areas through which they [sic] travel with infrequent and inconvenient service. The Budget proposes that Federal operating support for Long Distance routes would now be provided through the Restoration and Enhancement (R&E) Grant program, not Amtrak's annual grant, and then phased out entirely.Senators from the affected states forced Anderson to back down on his Southwest Chief plan, though, at least through this fiscal year. And President Donald Trump — who seems at best only faintly aware of the things that Office of Management and Budget Director (and acting chief of staff) Mick Mulvaney puts in the annual budget proposals — surely isn’t going to make cutting rural train service a priority in the run-up to the 2020 election, and wouldn’t make any headway on Capitol Hill even if he did. If I’ve read the maps correctly, the 10 money-losing long-distance trains in the table above travel through 36 states, while the 10 most popular routes touch just 14. Amtrak definitely has a future, with ridership up 41% since 2000. But the arithmetic of U.S. Senate representation and Electoral College votes may keep it chained to its past for a while yet.(1) Trips of up to 250 miles are considered on time if they arrive less than 10 minutes beyond the scheduled arrival time; 251-350 miles, 15 minutes; 351-450 miles, 20 minutes; 451-550 miles, 25 minutes; and greater than 550 miles, 30 minutes.To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Zacks•3 days ago
Why Delta Air Lines (DAL) Stock Might be a Great Pick
Delta Air Lines (DAL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Motley Fool•3 days ago
Delta Plans More Growth in Boston, Challenging JetBlue
Delta Air Lines is on track to surpass 150 peak-day departures in Boston this fall, and it hopes to reach 200 peak-day departures there at some point in 2021.
- American City Business Journals•4 days ago
Delta makes changes to checked bags policy, uniforms in hopes of benefiting customers
Delta is removing the special checked bag fee for sporting goods and also adding a uniform language bar for sign language.
- American City Business Journals•4 days ago
Richard Branson's train venture eyes Pacific Northwest rail for 'potential expansion'
The billionaire's business jet also landed in Seattle after Virgin Trains USA expressed interest in Portland-Seattle-Vancouver, British Columbia railway.
- Zacks•4 days ago
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
- American City Business Journals•4 days ago
Meet Jim Whitehurst: CEO of Red Hat and rumored future CEO of IBM
With IBM’s $34 billion buyout, Raleigh-based Red Hat CEO Jim Whitehurst is in an enviable position – officially on the senior management team at Big Blue.
- Investopedia•4 days ago
Airline Stocks Fly Above Resistance on United Earnings
Earnings propelled airline stocks to break out on Monday, July 16. Don't allow these three securities to fly under the radar.
- Zacks•4 days ago
Airline Stock Roundup: DAL & UAL's Earnings Beat, AAL's Bullish Q2 View & More
Delta's (DAL) solid second-quarter 2019 earnings report and American Airlines' (AAL) favorable second-quarter unit revenue projection contribute to the sector tracker's increase.
