|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||50.60 - 51.57|
|52 Week Range||44.59 - 60.79|
|PE Ratio (TTM)||10.30|
|Earnings Date||Oct 9, 2018 - Oct 15, 2018|
|Forward Dividend & Yield||1.22 (2.46%)|
|1y Target Est||67.47|
Skytrax just announced the 2018 World Airline Awards, and Singapore Airlines carrier came out on top — beating out Middle East carriers like Qatar Airways and Emirates. But no U.S. carrier was on the top 10 list.
United Continental Holdings Inc. said its profit is rising despite surging jet fuel costs. The no. 3 U.S. carrier by traffic beat earnings forecasts on Tuesday and raised its profit outlook for the year. “These results are the strongest evidence yet that our strategic growth plan is working, and we are well positioned to carry our momentum into the second half of the year,” Chief Executive Oscar Munoz said in a press release.
United Airlines raised its profit forecast for 2018 on Tuesday, as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs. Shares of United rose as much as 4.2 percent in trading after the bell as the airline's second-quarter profit also topped analysts' estimates.
United Continental Holdings Inc. boosted its profit outlook, bucking cuts by rivals and signaling that a strategic overhaul is helping it manage just fine through higher fuel bills. Adjusted earnings will be as much as $8.75 a share this year, 25 cents higher than the previous forecast, United said in a statement Tuesday as it reported financial results. Delta Air Lines Inc. and American Airlines Group Inc. have both pared their profit projections, citing cost pressures from pricier jet fuel.
Rising fuel prices are cutting into profit at United Airlines, although strong travel demand is helping the airline cope by pushing travelers' prices higher as the summer travel season hits full speed. United reported Tuesday that second-quarter profit was $684 million, down 17 percent from a year ago. United said that passenger revenue per seat and per mile — a stand-in for fares and fees — rose 3 percent over a year earlier.
Delta's program includes a three-pronged approach at developing the next generation of flyers. That includes offering an unpaid leave of absence path for current employees to attend flight school.
Delta Air Lines estimates it will need 8,000 pilots over the next decade and it's turning to its own employees and students to fill the gap in a broad initiative.
While Delta Air Lines (DAL) already reported second-quarter earnings and gave the sector a lift, this week we'll get two more reports, from United Continental Holdings (UAL) this afternoon and American Airlines Group (AAL) on Wednesday. Investors are likely starved for good news: Airline stocks have taken a hit this year, as high fuel prices and worries about capacity distract from the ongoing strong demand, and that's before thinking about what a trade war could mean for business flyers, who tend to favor the big three legacy airlines. Barclays' Brandon Oglenski takes a look at the sector ahead of United's and American's results, writing that a discussion about reducing capacity could help put a floor under the stocks, especially given low valuations and lower market expectations.
Rising fuel costs have put pressure on Delta's pretax margin in 2018, but the company is well-positioned to stabilize its profitability over the next couple of quarters.
Of the 18 analysts tracking Delta Air Lines (DAL), 94% recommend “buy,” and 6% recommend “hold.” Their consensus target price of $68.30 implies a 34.6% return based on DAL’s July 12 closing price. Although DAL’s Q2 2018 earnings and revenue beat analysts’ estimates, its downward revision of its fiscal 2018 EPS guidance to $5.35–$5.70 due to higher fuel prices prompted analysts to cut their target price for the stock.
In Q2 2018, Delta Air Lines (DAL) reported record second-quarter revenue of $11.77 billion (including third-party refinery sales). The revenue, which represents ~9.0% growth YoY (year-over-year), beat analysts’ expectation of $11.67 billion. Peers JetBlue Airways (JBLU), American Airlines (AAL), and Southwest Airlines (LUV) are projected to see revenue growth of 5.0%, 5.9%, and 0.5%, respectively, in Q2 2018.
Surging fuel costs leads yet another airline to cut its financial outlook, but most airline stocks rallied as analysts looked to increased ticket pricing to offset the fuel price increase.