DAL - Delta Air Lines, Inc.
| Previous Close | 63.16 |
| Open | 63.23 |
| Bid | 62.81 x 1300 |
| Ask | 62.82 x 1400 |
| Day's Range | 62.69 - 63.27 |
| 52 Week Range | 45.08 - 63.27 |
| Volume | 3,781,528 |
| Avg. Volume | 4,971,406 |
| Market Cap | 40.836B |
| Beta (3Y Monthly) | 1.30 |
| PE Ratio (TTM) | 9.37 |
| EPS (TTM) | 6.70 |
| Earnings Date | Oct 9, 2019 - Oct 14, 2019 |
| Forward Dividend & Yield | 1.61 (2.55%) |
| Ex-Dividend Date | 2019-07-24 |
| 1y Target Est | 69.68 |
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- InvestorPlace•22 hours ago
5 Transportation Stocks to Buy Now
U.S. equities are continuing to push higher on Tuesday, with the Dow Jones Industrial Average extending its move above the 27,000 level. Better-than-expected results from big bank stocks like JPMorgan (NYSE:JPM) are fueling ongoing buying interest as the latest earnings season rolls on.This comes despite the ongoing flow of uneven economic data. U.S. industrial production slowed in the second quarter for the first back-to-back decline since 2016. Freight shipments, according to the Cass Index, fell for the seventh straight month. Yet retail sales are strong.With the Federal Reserve expected to cut interest rates later this month, likely fueling another surge in buying interest, I've noticed a number of transportation stocks perking up. This could be an early sign that the market is pricing in an economic rebound, since these companies are on the front lines of the business cycle, moving the people and the goods that make the system work.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Here are five transportation stocks that are worth a look: Transportation Stocks to Buy: Union Pacific (UNP)Shares of Union Pacific (NYSE:UNP) are breaking up and out of a multi-month consolidation range to push back towards the highs seen in May. Shares were recently initiated with a buy rating at Goldman Sachs, with a $198 price target translating into a gain of roughly 13% from here.The company will next report results on July 18 before the bell. Analysts are looking for earnings of $2.14 per share on revenues of $5.6 billion. When the company last reported on April 18, earnings of $1.93 beat estimates by six cents on a 1.7% decline in revenues. CSX (CSX)Shares of CSX (NASDAQ:CSX), another railroad, are preparing to exit a four-month consolidation range with a push up and over resistance near the $80-a-share level. Analysts at Goldman Sachs recently initiated coverage with a neutral rating and a $86 price target, but Loop Capital recently downgraded from "buy" to "neutral." * 7 Dependable Dividend Stocks to Buy The company will next report results tonight after the close. Analysts are looking for earnings of $1.11 per share on revenues of $3.1 billion. When the company last reported on April 16, earnings of $1.02 per share beat estimates by 11 cents on a 4.8% rise in revenues. FedEx (FDX)FedEx (NYSE:FDX) stock is rising up and off of support going back to late December, perking up and over its 50-day moving average. Watch for a run at the 200-day moving average, which would be worth a gain of roughly 8% from here. Analysts at Goldman recently initiated coverage with a "buy" rating and added the stock to its conviction buy list.The company will next report results on Sept. 17 after the close. Analysts are looking for earnings of $3.18 per share on revenues of $17.1 billion. When the company last reported on June 25, earnings of $5.01 beat estimates by 18 cents on a 2.8% rise in revenues. UPS (UPS)UPS (NYSE:UPS) shares have cleared above their 200-day moving average for the first time since April, and are now threatening to break out of a churning, two-year downtrend with a move back towards $118 -- which would be worth a gain of more than 11% from here. The stock also had coverage initiated by Goldman analysts this month, with a buy rating and a target of $123 assigned. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on July 24 before the bell. Analysts are looking for earnings of $1.93 per share on revenues of $17.9 billion. When the company last reported on April 25, earnings of $1.39 missed estimates by four cents on a 0.3% rise in revenues. Delta Airlines (DAL)Shares of Delta Airlines (NYSE:DAL) are taking flight, going vertical after breaking up and over resistance from its November and April highs. This ends a two-year funk going back to early 2018 as the company -- which tops customer satisfaction surveys in a tough industry -- continues to execute well. The airline has been able to avoid the disruptions tied to the grounding of the Boeing (NYSE:BA) 737 MAX, since it didn't operate that model.The company will next report results on Oct. 10 before the bell. Analysts are looking for earnings of $2.26 per share on revenues of $12.7 billion. When the company last reported on July 11, earnings of $2.35 beat estimates by seven cents on a 6.5% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Transportation Stocks to Buy Now appeared first on InvestorPlace.
- Motley Fool•yesterday
5 Must-See Highlights From Delta Air Lines' Earnings Call
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Delta exec highlights Raleigh for its 'significantly higher' growth in air travel
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United raises profit outlook amid strong travel demand
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Delta Air Lines (DAL) Is Up 3.44% in One Week: What You Should Know
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Delta (DAL) Soars to 52-Week High, Time to Cash Out?
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- Financial Times•2 days ago
Benetton family’s Atlantia to join group aiming to revive Alitalia
The Benetton’s toll road operator Atlantia is to join a public-private group aiming to revive Italy’s long lossmaking airline Alitalia. In a statement, the board of directors of Italian state rail group of Ferrovie dello Stato Italiane said it “had today identified Atlantia as the partner to work alongside Delta Air Lines and the Ministry of Economy and Finance on the Alitalia operation”. Atlantia intends to inject about €300m to acquire a stake of about 30 per cent in a new holding company led by Ferrovie and the Italian finance ministry that would control Alitalia, a person familiar with the deliberations said last week.
- Thomson Reuters StreetEvents•2 days ago
Edited Transcript of DAL earnings conference call or presentation 11-Jul-19 2:00pm GMT
Q2 2019 Delta Air Lines Inc Earnings Call
- Bloomberg•2 days ago
Alitalia Rescue Weeks Away as Delta, Atlantia Line Up to Bid
(Bloomberg) -- Alitalia’s rescue by Italy’s state-owned railway and investors including U.S. carrier Delta Air Lines Inc. may still be weeks away despite a looming deadline for offers for the loss-plagued carrier, people familiar with the matter said.Ferrovie dello Stato SpA is set to tell the carrier on Monday that its rescue plan has attracted potential investors, including Delta and Atlantia SpA, the people said. Atlantia, the Benetton family’s industrial arm that operates Rome’s airports, on Sunday confirmed its interest to Ferrovie’s adviser Mediobanca SpA, but said it may want changes to the rescue designed by the state-controlled railroad, the people said.Deputy Prime Minister Luigi Di Maio, who is leading the latest effort to save the flagship carrier, has been forced to relax the government’s Monday deadline for binding offers and will now accept an expression of interest, according to an official in Di Maio’s economic development ministry. Ferrovie and Atlantia declined to comment. Delta confirmed its interest in becoming a minority shareholder.Alitalia has been under special administration for more than two years and now faces either liquidation or de-facto nationalization. The airline loses about 700,000 euros ($789,000) a day and has hasn’t posted profit for at least 15 years. The total burden to taxpayers has run to 10 billion euros since 2008, according to estimates by Andrea Giuricin, a professor at Milan Bicocca University."We should stop a new nationalization," said Giuricin, who owns an advisory firm that once worked for Alitalia and recently distributed an online petition against more state intervention.|The board of directors of Atlantia on July 11 gave Chief Executive Office Giovanni Castellucci a mandate to evaluate Alitalia’s rescue plan. Atlantia invested in two previous Alitalia bailouts that failed to revive the airline. The current rescue comes at a time when Atlantia’s relations with the government are strained over the collapse last year of a bridge it managed in Genoa. Forty three people were killed and the tragedy prompted threats by the government to revoke Atlantia’s roadway concessions.The Ferrovie offer may also be supported by the Toto Group, a company with holdings that spans from renewable energy to toll-road concessions that is controlled by Italian entrepreneur Carlo Toto, the people said.Adviser Mediobanca received expressions of interest Sunday from Atlantia and Toto, as well as from former Avianca executive German Efromovich and Lazio Chairman Carlo Lotito, the people said. (Updates with Sunday expressions of interest in last paragraph.)\--With assistance from Sonia Sirletti and Justin Bachman.To contact the reporters on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net;John Follain in Rome at jfollain2@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, ;Chad Thomas at cthomas16@bloomberg.net, Tommaso Ebhardt, Andrew DavisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Report: These U.S. airlines have the most mishandled baggage
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- Bloomberg•4 days ago
Alitalia Rescue Plan Could See Delta Boost Initial Stake
(Bloomberg) -- Italy’s government is nearing a rescue package for bankrupt Alitalia that could see U.S. carrier Delta Air Lines Inc. boost its stake in a new company from an initial minority holding, according to people familiar with the talks.With a deadline for bids set for Monday, Delta could step in now and also get an option to acquire more shares later from two state bodies -- railway operator Ferrovie dello Stato Italiane SpA and the Treasury -- or through a capital injection, the people said, asking not to be named discussing confidential negotiations. Ferrovie and the Treasury are expected to have a combined stake of about 50% initially with Delta getting around 10% to 15%.A deal for Alitalia would bolster Delta’s roster of international holdings, which the U.S. carrier has used aggressively to expand its global footprint. Delta owns 49 percent of Virgin Atlantic Airways Ltd. and Grupo Aeromexico SAB, along with smaller stakes in Air France-KLM, Brazil’s Gol Linhas Aereas Inteligentes SA and China Eastern Airlines.The Italian airline -- which filed for protection from creditors two times in the last decade and loses about 700,000 euros ($789,000) a day -- has been under special administration for more than two years and now faces either liquidation or a new attempt to revamp it backed by the the government. A group of public and private investors must submit a binding offer by Monday with Ferrovie’s adviser setting a deadline of 6 p.m. Sunday for potential bidders to express their interest.Deputy Prime Minister Luigi Di Maio, who as economic development minister is leading the rescue attempt, is seeking an agreement on a plan that could include the option for Delta to increase its initial stake and for the involvement of Atlantia SpA, the Benetton family’s industrial arm, which operates some of the country’s biggest airports, the people said.Ferrovie is set to hold a board meeting Monday to approve going ahead with the offer, the people said. But the company may not come up with a definitive bid that day as Atlantia only made its interest known on Thursday.The state rail operator is set to ask for a few more weeks to come up with a final, binding offer, after confirming Monday to Alitalia administrators that it plans to bid, having successfully lined up a group of investors who are ready to evaluate the plan, the people said.That strategy was discussed Friday morning in Rome by Di Maio and Ferrovie management, the people said. Di Maio has said he will not postpone Monday’s deadline. Ferrovie declined to comment.“Delta continues to work with Ferrovie and confirms it is interested in becoming a minority shareholder in a reorganized Alitalia,” the U.S. company said in response to a request for comment. “Discussions remain ongoing and any investment remains subject to Delta board approval.”(Update with details of offer from second paragraph.)\--With assistance from Sonia Sirletti and Justin Bachman.To contact the reporters on this story: John Follain in Rome at jfollain2@bloomberg.net;Tommaso Ebhardt in Milan at tebhardt@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Andrew Davis, James AmottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- InvestorPlace•5 days ago
Big Q2 Beat in Store for United Airlines Stock
In many cases, earnings season for airliners is a straightforward affair. If the economy is doing well, more people are motivated to travel, while the opposite is also true. However, with United Airlines (NASDAQ:UAL) set to release its second quarter 2019 results, everyone has the same question: how will Boeing's (NYSE:BA) 737 Max jetliner impact United Airlines stock?Source: Shutterstock It's a line of thinking that no prospective buyer should ignore. Although UAL stock is on the verge of breaking into double-digit returns for the year, shares have disappointed over the trailing 52-week period. After all, the broader benchmark Dow Jones Industrial Average is up over 17% during the same timeframe.Plus, United stock has merely bounced up and down a sideways consolidation pattern since September of last year. Thus, for UAL earnings, investors will be looking for signs that lean shares in one direction or the other.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell for an Economic Slowdown Fortunately for investors interested in the friendly skies, United Airlines stock should perform admirably. That's because competitor Delta Air Lines (NYSE:DAL) laid down the blueprint for the rest of the sector. Delta Delivers Big Beat, Boding Well for UAL StockOn Thursday morning before the opening bell, Delta released its Q2 earnings report. For anyone bullish on DAL, it was exactly what they wanted to hear. But the news is especially pertinent for stakeholders of UAL stock for obvious and not-so-obvious reasons.Against a Wall Street consensus target calling for earnings per share of $2.27, Delta reported $2.35. On the revenue front, the airliner rang up $12.49 billion, matching the consensus estimate. That tally also represented a new quarterly record.Keep in mind that Delta produced record revenues in the Q1 report as well. Thus, the news gets better by association for United Airlines stock, and the upcoming UAL earnings.Not only that, Delta is somewhat similar to UAL relative to the Boeing 737 Max crisis. Part of the reason why Delta performed so well in Q2 was that it doesn't have any 737 Max planes; thus, it didn't cancel any flights. Although United can't say the same, it only has nine 737 Max 9-series planes, not the 8-series that was involved in two high-profile tragedies.Other airliners, such as Southwest Airlines (NYSE:LUV) and American Airlines (NASDAQ:AAL), own considerably more of the maligned jet. Therefore, I expect United Airlines stock to perform reasonably well following the UAL earnings: it's simply not as levered to the 737-related crisis. Record Air Travel and Upcoming UAL Earnings ReportThe Street has some ambitious targets for UAL stock for Q2. On the profitability front, analysts estimate EPS to come in at $4.08. In the year-ago quarter, United brought in EPS of $3.23.For revenue, analysts anticipate United to ring up $10.45 billion. In Q2 2018, the company delivered just under $9.9 billion.Again, this is a sizable step up from just a year ago amid a complicated economic picture. But what's not complicated is demand. According to travel experts, airliners will enjoy an influx of passengers, even more so than last year's peak summer season.Specifically, forecasts call for over 257 million people to traverse American airspace between June 1 and August 31. If so, this would represent a 3.4% lift from the same period in 2018. Naturally, such robust demand plays into United Airlines stock.Sure, most of the aforementioned timeframe doesn't cover Q2. However, from Delta's Q1 earnings report, we know that this uptick in passenger volume is no fluke. It has been building for some time. Thus, UAL stock should see some uptick associated with steadily rising demand.Moreover, other indicators confirm Americans want to travel. Recently, we witnessed a record surge in road-going traffic for the Memorial Day and Independence Day holidays. And fuel prices have declined noticeably from the same time one year ago: this adds more funds to travelers' pockets, and pads the bottom line for United stock. One Cautionary Note on United Airlines StockBased on the broader fundamental factors affecting the airliner industry, I'm almost certain that United will produce a solid beat. And yes, that would imply that United Airlines stock ticks higher.However, I'd also take a conservative approach here. At the end of the day, the demand surge within this industry comes from a robust labor market. But that's not guaranteed to sustain itself, especially with geopolitical uncertainties and the U.S.-China trade war.Typically, the markets don't like ambiguous signals, especially large-scale ones like what we're seeing. So my idea is this: if you like United stock, take a modest position now. But be prepared to react if economic metrics start souring.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Big Q2 Beat in Store for United Airlines Stock appeared first on InvestorPlace.
- InvestorPlace•5 days ago
Delta Earnings: DAL Stock Pops on Q2 Beat
Delta earnings for the second quarter of the year has DAL stock up on Friday.Source: Shutterstock Delta Air Lines (NYSE:DAL) reported earnings per share of $2.35 for the second quarter of 2019. This is an increase over the company's earnings per share of $1.80 reported in the same period of the year prior. It was also good news for DAL stock by beating out Wall Street's earnings per share estimate of $2.28 for the quarter.Net income reported in the Delta earnings release for the second quarter of the year comes in at $1.44 billion. This is better than the airline company's net income of $1.04 billion reported in the second quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Delta earnings report for the second quarter of 2019 has operating income coming in at $2.13 billion. That's a jump up from the company's operating income of $1.68 billion reported during the same time last year.Delta earnings for the second quarter of the year also includes revenue of $12.49 billion. This is up from the company's revenue of $11.78 billion reported in the second quarter of the previous year. This has it matching analysts revenue estimate of $12.49 billion for the period, which is good enough for DAL stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The most recent Delta earnings release also includes the company's outlook for the third quarter of 2019. DAL is expecting earnings per share to range from $2.10 to $2.40. Wall Street is looking for earnings per share of $2.21 for the quarter.DAL stock was up 2% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond As of this writing, William White did not hold a position in any of the aforementioned securities.The post Delta Earnings: DAL Stock Pops on Q2 Beat appeared first on InvestorPlace.
