DAL - Delta Air Lines, Inc.
| Previous Close | 55.08 |
| Open | 55.91 |
| Bid | 57.20 x 1300 |
| Ask | 57.21 x 1800 |
| Day's Range | 55.62 - 57.48 |
| 52 Week Range | 45.08 - 63.44 |
| Volume | 4264360 |
| Avg. Volume | 6,149,482 |
| Market Cap | 37B |
| Beta (3Y Monthly) | 1.10 |
| PE Ratio (TTM) | 8.07 |
| EPS (TTM) | 7.07 |
| Earnings Date | Jan 13, 2020 - Jan 17, 2020 |
| Forward Dividend & Yield | 1.61 (2.90%) |
| Ex-Dividend Date | 2019-10-23 |
| 1y Target Est | 65.26 |
- Investor's Business Daily
Delta Stock Takes Off On Upbeat Guidance, This New Partnership
Delta Air Lines stock took off Thursday on upbeat guidance for 2020, and the carrier also unveiled a new partnership with private-jet operator Wheels Up.
- Zacks
3 Airline Stocks to Buy on IATA's Improved 2020 Profit View
European carriers are expected to benefit next year from factors like moderate capacity expansion and an uptick in economic growth in the region.
- MarketWatch
Delta Air sees 2020 EPS of $6.75 to $7.74, well ahead of $7.05 FactSet consensus
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%.
- Reuters
Delta predicts 2020 profit growth; CEO says more people turning to air travel
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.
- Financial Times
Delta sees revenue growth continuing next year
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.
- PR Newswire
Delta Hosts Investor Day, Highlighting its Global Scale, Powerful Brand and Unmatched Competitive Advantages
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.
- TheStreet.com
Delta Air Takes Stake in Wheels Up, Provider of Private-Aircraft Services
The goal is to give more consumers access to private flying, which is more flexible than scheduled carriers.
- Investing.com
Stocks - Apple, Lululemon Fall Premarket; Delta, GE Rise
Investing.com -- Stocks in focus in premarket trade on Thursday, 12th December.
- TheStreet.com
Delta Shares Rise After Stronger-Than-Expected 2020 Earnings Forecast
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.
- American City Business Journals
Southwest angles for more LaGuardia slots at expense of Delta, WestJet
Southwest said WestJet should divest 16 LaGuardia slots if the carrier's proposed alliance with Delta were to go through.
- American City Business Journals
Delta updates 2020 hiring plan with expectations of record-setting year
The pilot hiring plan is part of a broader effort to onboard more than 8,000 aviators in the next decade.
- American City Business Journals
Report: Business travel dip on U.S. airlines flashes economic warning sign
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."
- American City Business Journals
LaGuardia-bound Delta plane is hit by de-icing truck
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.
- American City Business Journals
Alaska, Delta back use of biometrics at Sea-Tac Airport
Alaska first tested fingerprint identification at its operation at San Jose Airport and in its lounges in 2015.
- Zacks
Delta Air Lines Divests 32.9 Million Shares of Gol Linhas
Delta Air Lines (DAL) decides to sell off its stake in Gol Linhas following the partnership with LATAM in September 2019.
- Reuters
Brazilian airline GOL says Delta Air exits stake
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.
- Zacks
3 Cheap Tech Stocks Trading Under $10 to Buy for 2020
Today we found three 'cheap' tech stocks trading under $10 per share with the help of our Zacks Stock Screener that investors might want to buy heading into 2020...
- American City Business Journals
Delta Air Lines launches Sea-Tac Airport operations center expansion
Delta Air Lines will relocate and modernize its Sea-Tac airport communications center, the backbone of its fast-growing Puget Sound flight operations.
- Zacks
Near-Term Outlook Appears Enthralling for Airline Stocks
Near-Term Outlook Appears Enthralling for Airline Stocks
- American City Business Journals
American 2020 growth to be line with peers, analyst says
American Airlines capacity growth in 2020 will be more in line with competitors than this year, according to one industry analyst.
- Zacks
Airline Stock Roundup: Scott Kirby to be UAL's Next CEO, RYAAY, GOL in Focus
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.
- MarketWatch
The CEO of the largest airline offers one simple reason that Wi-Fi on planes isn’t free
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.
- Zacks
Delta Air Lines (DAL) Dips More Than Broader Markets: What You Should Know
Delta Air Lines (DAL) closed the most recent trading day at $55.80, moving -0.61% from the previous trading session.
- Yahoo Finance Video
Delta Air Lines raises guidance for 2020
Delta shares are up after it announced earnings between $6.75 to $7.75 in 2020, presenting a high upside against the street's estimates. Delta said it expects revenue to grow between 4 to 6 percent and expects $4 billion in free cash flow. The company says it is committed to returning 70 percent of free cash flow to shareholders. Hasn't been great for the major airlines, as all three are under-performing the market and are actually in the red relative to where they were trading 12 months ago.
