DAL - Delta Air Lines, Inc.
58.01 +0.05 (0.09%)
Pre-Market: 7:15AM EDT
| Previous Close | 58.01 |
| Open | 58.13 |
| Bid | 55.00 x 800 |
| Ask | 64.00 x 900 |
| Day's Range | 57.47 - 58.28 |
| 52 Week Range | 45.08 - 63.44 |
| Volume | 3,388,120 |
| Avg. Volume | 5,498,217 |
| Market Cap | 37.686B |
| Beta (3Y Monthly) | 1.30 |
| PE Ratio (TTM) | 8.65 |
| EPS (TTM) | 6.70 |
| Earnings Date | Oct 9, 2019 - Oct 14, 2019 |
| Forward Dividend & Yield | 1.61 (2.78%) |
| Ex-Dividend Date | 2019-07-24 |
| 1y Target Est | 69.76 |
- American City Business Journals
Bud Peterson on 10 years at Georgia Tech: 'It's been a great run'
Peterson sat down with Atlanta Business Chronicle for a 90-minute interview, reflecting over his tenure as he prepares to turn over the reins to Angel Cabrera.
- Skift
Delta Pilots Upset That Primo Routes to Europe Are Going to Foreign Partners
Delta Air Lines CEO Ed Bastian likes to say his company's competitive advantage is its people, but at least one employee group at America's most profitable airline is unhappy. It's the pilots, the only major workgroup represented by a labor union. Last week, Delta's Master Executive Council of the Air Line Pilots Association wrote to […]The post Delta Pilots Upset That Primo Routes to Europe Are Going to Foreign Partners appeared first on Skift.
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Delta Air Lines (DAL) Dips More Than Broader Markets: What You Should Know
Delta Air Lines (DAL) closed at $57.96 in the latest trading session, marking a -0.09% move from the prior day.
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Hawaiian Holdings at 52-Week Low: Does It Still Hold Promise?
Hawaiian Holdings (HA) is suffering due to intense competition following Southwest Airlines' entry in Hawaii. However, its history with respect to punctuality raises optimism.
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Atlanta-based franchise group reveals data breach at Moe's Southwest Grill, two other brands
Focus Brands said it detected a data breach at an unspecified number of locations of Moe's Southwest Grill, McAlister's Deli and Schlotzsky's.
- Market Realist
Why Airline Stocks Are Underperforming the US Market
The year so far hasn’t gone well for airline stocks, as the majority have underperformed the broader markets. The US Global Jets ETF (JETS) is up just 1.2% year-to-date.
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The Zacks Analyst Blog Highlights: AngloGold, Bristol-Myers, Delta Air, JD.com and M/I Homes
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- Reuters
Japan, U.S. finalize deal on additional daytime flights from Tokyo's Haneda
U.S. and Japanese officials in Tokyo agreed to increase daytime services between Tokyo’s Haneda Airport and U.S. destinations for two dozen new flights daily, the U.S. Transportation Department said on Wednesday. The amendment to the U.S.-Japan Open Skies Agreement allocates 12 new slot pairs - 12 arrivals and 12 departures daily - for U.S. air carriers and 12 new slot pairs for Japanese air carriers.
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3 Airline Stocks to Buy on A4A's Rosy Labor Day Projection
Airlines for America's bullish Labor Day projection further highlights the strong demand for air travel.
- InvestorPlace
Southwest Airlines Stock May Soon Chart a Golden Route
Although discount airliner Southwest Airlines (NYSE:LUV) is up nearly 11% year-to-date, this is a name that peaked too soon. At the beginning of February, the LUV stock price had gained 24% from January's opening volley. However, shares spent much of the year mired in a bearish trend channel since then.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, investors aren't terribly surprised at the underperformance of Southwest Airlines stock. For starters, the U.S.-China trade war has weighed heavily on the markets. And though the ratcheting up of trade tensions don't directly affect the airline, they do cloud consumer sentiment. Unfortunately, that does take a bite out of the broader transportation industry.Secondly, Southwest Airlines delivered a mixed earnings report for the second quarter of 2019. While the company delivered a beat on per-share profitability, it came up short on revenue. Against a consensus estimate of $5.93 billion, the airline rang up just under $5.91 billion. Wall Street didn't care for the sales miss and the LUV stock price fell sharply after the disclosure.Adding to the woes was the grounding of the Boeing (NYSE:BA) 737 Max 8 jetliner. After two fatal accidents involving the popular plane, a harsh spotlight glared on the once-respected company. At fault was a stabilization system that required grounding all Max 8 jets for inspection and repair.Boeing's woes are particularly troublesome for Southwest Airlines stock because the underlying company is the world's biggest operator of the Max 8, with 34 in its fleet of about 750 planes. American Airlines Group (NASDAQ:AAL) and Air Canada (OTCMKTS:ACDVF) are tied for second place at 24 planes. * 10 Stocks Under $5 to Buy for Fall With such dependency on a disgraced jetliner, does LUV stock offer a realistic chance to break out of its rut? LUV Stock is a Diamond in the RoughI understand investors' hesitation with Southwest Airlines stock. Not only is it heavily levered to the 737 Max 8, other airliners have outpaced it. For example, Delta Air Lines (NYSE:DAL) dealt with the same economic and geopolitical headwinds, yet its shares are up 20% YTD.In addition, trade tensions and other macro-headwinds have brought about fears of a wider correction or even a major tumble. Certainly, the present environment doesn't inspire a risk on attitude.That said, I believe LUV stock offers a rational bull argument for the risk-tolerant speculator. Amid the mixed Q2 earnings report, management delivered a less ambiguous piece of good news: a resumption of their Hawaiian route expansion strategy.In March, the company debuted a flight from the continental U.S. to Hawaii. A little more than two months later, LUV was flying six round trips between the two regions daily. It also featured 16 daily flights within Hawaii.However, the 737 Max 8 grounding hit Southwest Airlines stock just as the underlying company was gaining serious traction. To counter this unforeseen turbulence, management made the decision to cancel all flights to Newark Airport, freeing up equipment to accommodate the Hawaii routes.It stinks to say this but it's the right decision for the company, the consumers, and LUV stock. After all, who in their right mind would go to Newark over anywhere in Hawaii?Secondly, it's not just domestic demand that will benefit the LUV stock price. It may have become an almost farcical stereotype, but Japanese tourists really love Hawaii. Not only that, many of these tourists are paying ridiculous premiums to travel there.With LUV offering cheap routes to the mainland U.S., I see synergies that can eventually lift Southwest Airlines stock. Another Big Route in the WorksWhile Q2 may have been a disappointment for some observers, LUV stock may benefit from a recoil effect. That is, investors were initially taken aback by the Max 8 grounding. However, when the Max eventually resumes normal operations, its associated revenue channels will also come back online. * 10 Undervalued Stocks With Breakout Potential When it does, this may have a disproportionately positive impact on Southwest Airlines stock. Remember, this is the company that has the most of the currently embattled jetliner.And the route that I'm especially paying attention to is the San Diego-Hawaii route. Why San Diego? Aside from it being the best city in the known universe, it hosts the U.S. offices of several major multinational companies, including Japanese firms, such as Sony (NYSE:SNE).What you have in Southwest Airlines stock is a possible goldmine. Southern California is already a gateway for Japanese tourists, and many of them will undoubtedly make the trip south down the coast. Moreover, you have thousands of constantly rotating Japanese professionals on work visas living in San Diego.Southwest can easily convert this consumer base to full flights to Hawaii. Because let's face it: this is a route that sells itself, which is why buying LUV stock isn't as crazy as it first sounds.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Southwest Airlines Stock May Soon Chart a Golden Route appeared first on InvestorPlace.
- American City Business Journals
Delta catches more flak over Virgin, Air France-KLM alliance
JetBlue Airways and Travel Fairness Now are both expressing opposition to the U.S. Department of Transportation over Delta's new transatlantic joint venture.
- Yahoo Finance
‘Flight shame’: A potential headwind for airlines in Europe
In Europe, the concept of "flight shame" is rising as green consumers spurn air travel. What affect might it have on airlines?
- Zacks
Why Are Norfolk Southern (NSC) Shares Up More Than 16% YTD?
Norfolk Southern's (NSC) measures to improve efficiency and streamline operations through cost-cutting are driving the company's growth.
- Zacks
Airline Stock Roundup: LTM's Q2 Loss Narrows, DAL, UAL & LUV in Focus
Expansion-related updates from the likes of United Airlines (UAL) and Southwest Airlines ((LUV) featured in the headlines in the past week.
- Zacks
UPS to Refrain From Delivery Surcharges for 2019 Peak Season
UPS will not impose surcharges on U.S. residential deliveries during the 2019 peak holiday season. However, it will add special peak surcharges on packages that require special handling.
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Global Markets Gain on Stimulus Hope: 5 Top Growth Picks
The U.S. economy is likely to maintain its long-term growth albeit at a slow pace. Several stimulus measures across the globe will also help the U.S. economy to remain stable.
- American City Business Journals
Here are Orlando International Airport's top air carriers so far this year
Nearly 50 million people travel to Central Florida each year by air, passing through Orlando International Airport, the region's primary air hub — and most of them use the same seven airlines when booking their flights. Orlando's main airport services dozens of air carriers from all over the world, and the most popular carriers include Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL). Further, top carriers such as Spirit Airlines (Nasdaq: SAVE), Southwest and Frontier Airlines are jockeying to stay at the top by adding new services this year from Orlando International to locations such as Dallas, Houston, Cincinnati, San Diego and the Dominican Republic.
- Zacks
4 High Earnings Yield Stocks to Bolster Your Portfolio
Earnings yield is quite effective for determining undervalued stocks.
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Recession Fears Ebb on Fresh Wave of Stimulus: 5 Top Gainers
Fears of recession ebb after White House considers tax cuts for millions of workers, China unveils new interest rate reforms and Germany hints at stimulus measures.
- InvestorPlace
This Big Bet on International Growth Could Hurt American Airlines Stock
The past year and a half haven't been easy for American Airlines (NASDAQ:AAL). American Airlines stock is down a painful 55% from its January-2018 peak.Source: Shutterstock Every time it looked like it might snap out of that funk, it's managed to find an even lower low. The weakness will ultimately serve as a buying opportunity, even if this month's new 52-week lows don't end up being the ultimate bottom.At a trailing P/E of 7.8 and a forward-looking P/E of 4.6, AAL stock is priced as if an apocalypse is inevitable. That is to say, the worst-case scenario is already priced in, and then some.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs to when American Airlines stock will rebound though, and how well it recovers, most of that will hinge on the carrier's international business. Much of it's being rearranged, largely for the purpose of expansion. Expansion Plans and American Airlines StockAt first glance, news that American Airlines was adding another flight to and from Phoenix to Hermosillo, Mexico, could be shrugged off. Airlines add, and drop, regular flights all the time, as dictated by changing demand. * 10 Cheap Dividend Stocks to Load Up On This addition is tacked on to a string of new nonstop flights to and from Mexico has already added this year, however. American also added two new flights from Dallas to Tokyo two weeks ago. Around the same time, it announced a new route from Dallas and Tel Aviv, Israel, restoring service that was discontinued in early 2016.London, Athens, Madrid and Munich were also destinations of new flights from American this summer, even if only on a temporary basis.Africa is also an increasingly important destination from the United States. Vasu Raja, vice president of Network & Schedule Planning at American Airlines, explains:"We see the ability to develop Africa over multiple years - three, five, seven years. Today, we go fly to Casablanca, but through our partnership through Royal Air Maroc we can connect customers to a number of destinations in Africa. As those connections continue to grow, we'll be able to create value for more customers, and as we see where it is the customers grow, we can go to those places nonstop from a U.S. hub."The same may apply all over the world now, however."I think in three years what you will see is a much more globally diversified American Airlines that is operating in the markets that three or four years ago that it wouldn't have dared to dream about," Raja added. Longevity in QuestionThe underpinnings of the expansion are debatable, as is the longevity of the demand.Chief among concerns is a trade war, largely being fought with tariffs, between China and the United States that could create a ripple effect across the globe. Some fear it already has.The current administration hasn't been particularly dovish with Mexico in terms of trade either, calling into question the need for American Airlines' new routes to several destinations in Latin America.Concerned owners of American Airlines stock will also point out that the new routes added to Iceland in the middle of last year, in response to a travel boom at the time, are all going to be discontinued by October."The likely problem is that the airlines jumped in too quickly as soon as they saw a boom in Iceland's visitor numbers without anticipating the slowdown that will likely occur," Laura Beaton, Travel & Tourism analyst with London-based GlobalData said of the recently-added routes.It's entirely possible all carriers could be making a similar mistake with the addition of several new international routes. Changing Air Travel and American Airlines StockOn the other hand, it's also possible the air travel industry is at a critical turning point, where incomes are high enough everywhere and air travel is affordable enough everywhere that new international demand is here to stay.One underlying evolution driving that paradigm shift may be the jets themselves.It's difficult to call the early days of the 737-MAX series of passenger jets from Boeing (NYSE:BA) anything but a disaster. Two fatal crashes of the plane just a few months after they first took to the air have proven incredibly disruptive to previously-planned routes that have since been canceled or serviced by other planes with a different number of seats.Still, beyond the computerized safety system that appears to be the culprit of both crashes, the 737-MAX had proven to be 20% more fuel-efficient than comparable planes, thanks to the structural design of the aircraft.That upside still stands. Other aircraft designs will certainly borrow from the best aspects of the 737 MAX.Another key development? More, and better, infrastructure. More international hubs are being established, and more airports are being built.Meanwhile, existing airports are being improved in a way that allows them to accommodate more planes and passengers. This is particularly true of so-called "emerging and developing economies," where American Airlines is slowly but surely pushing its way in. Looking Ahead for American Airlines StockIn its long-term air travel outlook recently updated by International Air Transport Association (IATA), the organization predicts that the number of annual air travelers will more than double over the course of the next twenty years.By 2040, more than 20 billion total air trips are expected to be made. China and India will be featured prominently in that growth, as will Latin America. American Airlines is simply looking to stay ahead of that trend. Rival airlines like Delta Air Lines (NYSE:DAL) and United Airlines Holdings (NASDAQ:UAL) are seeking to do the same.But, somehow for the perpetually-less-profitable American Airlines, the effort to expand internationally is an opportunity to grow its margins to levels more like those of its peers.Still, it's an awfully big risk, if the industry's growth trend isn't as reliable as it seems on the surface.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post This Big Bet on International Growth Could Hurt American Airlines Stock appeared first on InvestorPlace.
- American City Business Journals
A day of delays at MSP airport checkpoints — and more are likely
Minneapolis-St. Paul International Airport on Monday shut down one of its two main checkpoints to most travelers for a four-months-long renovation project. If the first day was any indication, it's not going to be a pleasant four months for anybody involved.
