48.22 0.00 (0.00%)
After hours: 4:15PM EST
|Bid||48.22 x 1000|
|Ask||48.21 x 1200|
|Day's Range||47.32 - 48.57|
|52 Week Range||45.08 - 61.32|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||9.50|
|Earnings Date||Apr 10, 2019 - Apr 15, 2019|
|Forward Dividend & Yield||1.40 (2.87%)|
|1y Target Est||63.72|
The reputation of U.S. airlines took a beating last year amid several high-profile incidents that garnered international headlines. But heading into the holiday travel season, the number of official complaints lodged against U.S. air carriers actually saw a slight decrease compared to a year ago.
Delta scooped the No. 1 spot as best airline among eight other U.S. airlines in 2018. Southwest Airlines ranked No. 3.
Airbus (AIR: EURONEXT) broke ground for its new A220 manufacturing facility in Mobile, Alabama, on Wednesday. The newest airliner in Airbus' product line, the A220 is designed to revolutionize the market for 100-150 seat aircraft. Reuters reported that Airbus will invest $300 million in the new facility, which will create 400 jobs.
American Airlines wants a level of control over international flights that makes some competitors wary.
# Delta Air Lines Inc ### NYSE:DAL View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for DAL with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting DAL. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $3.95 billion over the last one-month into ETFs that hold DAL are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. DAL credit default swap spreads are within the middle of their range for the last three years. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, Jan. 17, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Airlines are providing an early glimpse into the health of the global economy: Growth appears robust in the U.S., a bit less so in Europe. and United Airlines, two of the largest U.S. carriers, were broadly positive, with both companies beating analysts’ expectations. United in particular had a positive message for the wider U.S. stock market: Business bookings—large corporate accounts and travel agencies—were up 11% in the first week of the year.
This week's earnings release by Delta Air Lines (NYSE:DAL) was not much of a surprise. The company had issued an earnings warning on Jan. 3 -- cutting its unit revenue estimates down to about 3% from the prior estimate of 3.5%. There was a silver lining along with that warning: earnings would likely come in at the high end of October guidance. Still, DAL stock got hit hard when the results finally came. There was also a sell-off in Delta's airline peers, including in American Airlines Group (NASDAQ:AAL) and United Continental Holdings (NASDAQ:UAL). OK, then, what were the final fourth-quarter numbers? Well, overall revenues rose by 5% to $10.74 billion and earnings were $1.02 billion, or $1.49 per share. When adjusting for one-time factors, the earnings came to $1.30 per share. As for the Street consensus, it was for $10.72 billion on the top line and $1.28 per share for profits. And unit revenue increased by about 3.2%. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So, yes, on the news there was little impact on DAL stock. Yet, since mid-November, the shares have lost 15% of their value versus a 4.4% decline in the S&P 500 index. ### Delta Faces a Bumpy Ride Now going forward, there are likely to be more problems for DAL stock as the company is facing several headwinds. Note that the forecast for the current quarter is for earnings to range from 70 cents to 90 cents a share. Yet Wall Street had estimates for 74 cents a share. Oh, and Delta also announced that unit revenue would be flat to 2%. * 10 Growth Stocks With the Future Written All Over Them Part of this is due to a slowdown in the global economy, which is putting pressure on demand for travel. A stronger U.S. dollar isn't helping much, either. But curiously, the steep drop in oil prices may be another factor. Why? Airlines may get too aggressive in lowering prices. Let's face it, the business is notorious for being hyper competitive and susceptible to price wars. Although, perhaps the biggest wild card for DAL stock is the partial shutdown of the federal government. On the earnings call, the company's CEO, Ed Bastian, said that this could cost the airline roughly $25 million per month. The shutdown will also mean a delay in the rollout of Delta's new Airbus A220 aircraft, since the FAA officials have been furloughed. Being a good corporate citizen, the CEO also noted that Delta is working closely with TSA on steps to minimize travel delays, including mobilizing Delta employees to perform non-essential aspects of the security process. "We strongly encourage our elected officials to do their very best to resolve their differences and get our government fully opened as quickly as possible," he said. ### Bottom Line on DAL Stock It's true that DAL stock is fairly cheap right now. The forward price-to-earnings multiple is at a mere 7x. What's more, the company has a decent dividend yield, at about 2.9%, and there continues to be strong cash flow. Last year, that came to about $6.9 billion. * 7 Stocks at Risk of the Global Smartphone Slowdown Wall Street is also upbeat on Delta Airlines stock, with the average price target at $67. This assumes about 37% potential upside from current levels. No doubt, this is all encouraging. But I still think there should be caution with DAL stock. Again, it's far from clear how the shutdown will turn out and there may be more competitive pressures across the airline industry. In other words, DAL stock could stay cheap, at least for the near term. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post Should Delta Air Lines Stock Investors Expect Takeoff Or Turbulence? appeared first on InvestorPlace.
Delta earnings (NYSE:DAL) were released early on Tuesday and the company's profit came in ahead of what analysts were calling for, causing the company's stock to decline before edging back up slightly. The Atlanta, Ga.-based company said that for its fourth quarter of its fiscal 2018, it brought in net income of $1.02 billion, or $1.49 per share, which is stronger than the $299 million, or 42 cents per share it amassed during the year-ago quarter. On an adjusted basis, the company posted earnings of $1.30 per share, ahead of the 92 cents per share from the year-ago quarter. Analysts were calling for Delta to bring in adjusted earnings of $1.28 per share, according to data compiled on a survey from FactSet. The airline added that its operating revenue came in at $10.7 billion on an adjusted basis for the period, up from $747 million in the year-ago quarter. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Wall Street guidance saw the company's operating revenue as reaching $10.7 billion, according to data compiled by FactSet. Delta added that it sees its first quarter of fiscal 2019 as bringing in earnings of 70 cents to 90 cents per share. The company also sees its total adjusted revenue as surging 4% to 6% for the period, with "the timing of Easter, increasing currency headwinds, and the ongoing government shutdown" potentially affecting results. DAL stock is up a fraction of a percentage on Wednesday a day after the company reported its latest quarterly earnings results. Shares had been sliding more than 0.5% during regular trading hours today. ### More From InvestorPlace * Morgan Stanley: 7 Risky Stocks to Sell Now * 10 Stocks You Can Set and Forget (Even In This Market) * The 7 Best Stocks in the Entrepreneur Index Compare Brokers The post Delta Earnings: DAL Stock Gains on Q4 Earnings Beat appeared first on InvestorPlace.
The carrier's fourth-quarter results came in slightly better than expected, but unit revenue growth will continue to slow in the first quarter of 2019.
“The pipeline of ideas and changes was not just for 2018,” Chief Commercial Officer Andrew Nocella told analysts and investors on a conference call Wednesday. The Chicago-based carrier is bucking the industry gloom stoked by Delta Air Lines Inc. and American Airlines Group Inc., which cautioned investors this month about their ability to push fares higher. United, meanwhile, is pushing ahead with an aggressive expansion plan, stepping up its luxury offerings and planning tweaks to its new revenue-management system.
United Airlines Rose after Its Q4 Earnings(Continued from Prior Part)Share repurchasesUnited Continental (UAL) has always tried to enhance shareholders’ wealth through share repurchases. The company started its buyback program in 2015. As of
United Airlines easily topped Q4 earnings forecasts, sending shares roaring late Tuesday, after Delta Air Lines reported mixed Q4 results.
United Airlines Rose after Its Q4 Earnings(Continued from Prior Part)Utilization rateDisciplined capacity additions, promotional offers, and marketing strategies to drive traffic have helped United Airlines improve its utilization rate or load
The partial U.S. government shutdown is now into its fourth week, making it the longest-ever political standoff of its kind. While critical functions such as defense and mail delivery still are operating, other less-vital units have been mothballed, including several national parks and many Washington, D.C., monuments. A handful of agencies are somewhere in between, furloughing some nonessential workers while keeping essential ones at work to maintain the absolutely necessary aspects of their service. The ripple effect of the shutdown, however, has extended well beyond the circle of government employees and agencies. While government shutdowns typically don't hamper the stock market, a few publicly traded stocks and privately owned companies are starting to feel the pinch. These firms either provide contracted services and goods for the government, or cater to government employees who (for now) aren't receiving a paycheck. Here are seven companies that have been (or that analysts think could be) adversely impacted by the shutdown. ### SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
Hartsfield-Jackson general manager John Selden said the airport expects 110,000 to 115,000 passengers the Monday after the game.
United Airlines Rose after Its Q4 EarningsUnited Airlines’ earningsUnited Continental (UAL) shares rose over 6% during the extended trading session on January 15. The airline reported better-than-expected fourth-quarter results. The
Former Atlanta Mayor Shirley Franklin is among a pair of high-profile additions to the CDC Foundation's board of directors.
Delta Air Lines, Inc. (NYSE: DAL ) reported forecast-beating fourth-quarter earnings and in-line revenues Tuesday, leading three sell-side analysts to reiterate their stances on the airline equity. The ...
Last night, United Airlines (NASDAQ:UAL) management reported earnings and Wall Street loved what it saw. UAL stock rallied 5% on the headline. The airline sector has a long standing reputation that it will always manage to mess up a good thing. But this idea is slowly dying. Something has changed because we all now pay for every perk that used to be free and then some. Even after you pay for your seat you find out that you need to pay extra if you plan on breathing oxygen while on board. All kidding aside, airlines now are taking in more dollars than ever. UAL just delivered a monster beat above expectations on all metrics and upgraded its outlook even in the face of uncertain macro issues. Clearly the messes from the headline flubs are long gone. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The question from here is if the company can maintain this fleecing of its clients. I have no specific reason to believe that it can't, but I wanted to get the potential pitfalls out of the way before I share the upside opportunity that is still in UAL stock. I can go long, even up here on this pop. ### Potential Downsides to UAL Stock The Environment: First, let's start with the macroeconomic picture. I still believe that the fundamentals favor the bullish thesis: 2018 ended red, but that was because we had a slew of negative headlines littering our ticker tape. We have since eliminated one major fear. The Fed is no longer the enemy as they said they won't invert the yield curve on purpose. So the threat of a self-inflicted recession is now minimal. * 10 Growth Stocks With the Future Written All Over Them We are left with the tariff war between the U.S. and China. Even there, the rhetoric from both sides has become more tame. They both state their optimism that they will come to terms by March. So we should have clear sailing on that front for a few weeks. We recently have a new worry emerging from the government shutdown, which is now a record. There is a problem brewing from the TSA calling in absent since they are not getting a paycheck. This could impact UAL's bottom line, but so far they say it's not material enough to change the message. United Airlines fundamentals are modest. UAL stock sells at a trailing price-to-earnings ratio of 10.9. This is low in absolute terms and in line with its competitors. In short, United Airlines stock is not bloated and owning it at these valuations is not likely to be a big mistake in the long run. I hear some experts wanting to chase laggards instead of buying the UAL stock pop. I disagree! I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ:DAL). Not every lagging stock catches up because there might be reasons why they lagged in the first place. AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. This is proof that if markets in general are going to be higher this year, UAL is the one major airline most likely be up at a commensurate rate. Meanwhile, the iShares Transportation Average ETF (NYSEARCA:IYT) is down 15% for the same period. * 7 Stocks to Buy as the Dollar Weakens The technical reason: UAL stock is testing a pivotal zone around $85 per share. If the bulls can prevail, they can overshoot higher toward $90. And then, with the help of a rising tide in the stock market, they can try to recapture the highs. The upper end of the ascending 12-month channel is closer to the highs at $97.50 per share. Eventually they can get there without new shoes to drop. Since we are still in a headline trading environment and the government shutdown looks like it will go on for weeks longer, I would not take a full position at once. This leaves me room to add in case the immediate price action fades a bit. The bottom line on United Airlines stock? Management just crushed earnings. This is an all-clear to start or add to a bullish position in United Airlines stock for the long term. Click here and enjoy a free video and more of my market thesis and get an ongoing free copy of my weekly newsletters. 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. You can follow him as @racernic on Twitter and Stocktwits. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post United Airlines Stock Soared On Earnings, But It's Not Too Late to Board appeared first on InvestorPlace.
Air travelers can face an abundance of issues when trying to reach their final destination, including misplaced, damaged or delayed luggage.
While Delta’s operation was best among major airlines, American remains stuck near the bottom when measuring its reliability against rival airlines. At Frontier, 15% of all flights suffered what are considered extreme delays.
Like Delta (DAL), we expect other airlines to provide an update regarding the impact of the partial federal government shutdown on their operations in the coming days.
Earnings wins drove Goldman Sachs, United Continental and Bank of America stock higher Wednesday, as the Nasdaq sought to hold a key level of support.