53.50 +0.05 (0.09%)
After hours: 6:59PM EDT
|Bid||52.00 x 800|
|Ask||54.09 x 1300|
|Day's Range||52.03 - 53.65|
|52 Week Range||48.33 - 60.79|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||10.53|
|Earnings Date||Jan 9, 2019 - Jan 14, 2019|
|Forward Dividend & Yield||1.40 (2.58%)|
|1y Target Est||67.80|
DEEP DIVE Stock action for airlines hasn’t been good this year, except for United Continental, which is up 30%. Earnings season for the group has already begun, but most are scheduled to report third-quarter results this week.
While shares of the majority of U.S. corporations across industries fell earlier this month amid a global market sell-off, one airline stock managed to increase on the back of better-than-expected quarterly earnings results.
Next year, shipowners are expected to start switching to cleaner-burning diesel fuel, part of new emissions controls taking effect globally in 2020. Airline executives are now warning that the shift could boost the price of fuel for the world’s fleet of commercial jets. Delta Air Lines Inc. finance chief Paul Jacobson said earlier this month that rising crude prices and the fuel switch for oceangoing vessels represented a “net ‘bad’ for the airlines,” adding that Delta’s in-house refinery should help offset the negative impact.
Moody's Investors Service has assigned an A2 to Wayne County Airport Authority's (WCAA or authority) $163.7 million Airport Revenue Bonds, Series 2018A (Non-AMT) and $6.5 million Airport Revenue Bonds, Series 2018B (AMT). WCAA's A2 senior lien rating is based on the airport's strong competitive position in the stabilizing Detroit-Wayne County service area, a descending debt profile and limited future debt needs that keep airline costs and leverage within a reasonable range. In addition WCAA benefits from the financial stability provided by its full residual airline use and lease agreement that expires in September 2032, as well as the on-going commitment of the dominant carrier, Delta Air Lines, Inc. (Baa3 stable), to the airport.
Delta (NYSE: DAL) currently flies to just one Asian city from Minneapolis/St. Paul International Airport — Toko's Haneda airport — though it's adding a route to Seoul, South Korea, next year.
at the Trump administration’s plan to ditch a key nuclear arms-control agreement. Former Soviet president Mikhail Gorbachev — one of the treaty’s architects — called it a big mistake while another Russian senator said Mr Trump’s statement was “returning the world to the cold war”. One American official said that Washington was also looking at renegotiating another nuclear treaty between the US and Russia, the 2010 New Start treaty, which caps the number of nuclear warheads each country can have.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting DAL. Over the last one-month, outflows of investor capital in ETFs holding DAL totaled $2.08 billion.
Aerospace analysts predict Boeing will report solid financial results on Oct. 24 thanks to better-than-expected widebody deliveries and growing airline spending on parts and maintenance.
Gol is Brazil's largest airline. The carrier is planning to launch nonstop flights to Miami and Orlando from Fortaleza and Brasilia in November. Gol's CFO says the company could pursue a joint venture with its minority shareholder Delta.
The new service will add another connection between Atlanta and the L.A. Basin on 180-seat Boeing 737-900ER aircraft.
Qatar Airways expressed an intent to purchase up to 10 percent of American Airlines in the summer of 2017. American Airlines rejected the idea, and Qatar Airways backed off. Qatar Airways, a longtime foe of the biggest U.S. carriers, is still considering an investment in an airline in the United States, CEO Akbar Al Baker told reporters at an event in New York on Thursday.
The Metro Atlanta Chamber hosted both major candidates for governor at their executive committee meeting Thursday morning to hear their visions for Georgia if they are elected.