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INX:DAL, Jul 16, 10:04 UTC

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Friday, July 13


News

Delta Air Lines Stock Soars after Q2 2018 Earnings Beat

DAL

Delta Air Lines (DAL) announced its Q2 2018 earnings on July 12, reporting adjusted EPS of $1.77, an increase of 11.3% YoY (year-over-year). It beat analysts’ estimate of $1.72 comfortably, marking its second quarter of doing so this year.

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Thursday, July 12


News

Delta, Occidental, KeyCorp Hike Dividends

DAL OXY

A major airline and a large energy exploration-and-production company were among the companies that announced dividend increases on Thursday. Delta Air Lines (DAL) declared a quarterly dividend of 35 cents a share, up from 30.5 cents previously, for a hike of nearly 15%. Occidental Petroleum (OXY) announced a smaller increase.

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Delta Air Lines, Inc. Q2 Earnings: Solid Profitability Despite Soaring Costs

DAL

After several years of unit revenue declines, Delta Air Lines(NYSE: DAL) finally got revenue per available seat mile (RASM) rising again in 2017. On Thursday, Delta Air Lines reported that its adjusted pre-tax margin fell by nearly 3 percentage points last quarter, despite strong revenue growth. Delta's revenue momentum continues to accelerate, due to strong travel demand and the airline's efforts to boost fares to offset higher fuel costs. However, costs are rising even faster. The carrier also revealed that it will cut some underperforming flights this fall to bolster its profitability. If Delta Air Lines can keep growing unit revenue at a mid-single-digit rate in late 2018 and 2019, it should be able to fully offset its rising fuel costs and return to margin expansion sooner or later.

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Delta Air Lines Q2 Earnings Economic Data In Focus - July 12, 2018

DAL

Matching yesterday’s Producer Price Index (PPI) figures, this morning we see results for the Consumer Price Index (CPI): a headline read of +0.1% is a tick below expectations (PPI numbers came in 10 basis points hotter than anticipated), but +0.2% when we strip out volatile food & energy costs. The PPI and CPI numbers are not always in real-time lock-step, but do show trends continuing with inflation seeping further into the economy. To give even more perspective here, by way of explaining these seemingly tepid numbers are actually historically pretty hot, the last time we saw year-over-year headline CPI north of 2.9% was back in December of 2011; ex-food & energy year over year was last higher than 2.3% in September 2008, a month prior to the Great Recession. Initial Jobless Claims continued their winning ways ahead of the bell this morning as well, falling 18,000 claims back to historic lows of 214K for last week.

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The Zacks Analyst Blog Highlights: Southwest Airlines, Delta Air Lines, Allegiant Travel, JetBlue Airways and LATAM Airlines Group

DAL LUV

This is because more often than not, an earnings beat positively impacts the stock price. However, the million-dollar question is how to pick the potential winners? Apart from the geopolitical tensions in the Middle East, the economic crisis in Venezuela — a major oil exporter — and OPEC’s recent plans of a lower-than-expected output raise have backed the rally in oil prices. Since fuel expenses are significant for airlines, an increase in oil prices is unfavorable for the space. The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates continued underperformance in the near term. In fact, the above-mentioned headwinds are likely to prevent stocks in the space from flying high this earnings season. However, some airline stocks are still likely to report better-than-expected earnings per share in the soon-to-be-reported quarter.

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Delta Earnings: Upside Helps Sector Take Off

DAL

Delta Air Lines (DAL) is climbing Thursday on strong second-quarter earnings, and it's also lifting legacy peers. The airline earned $1.77 a share, a nickel better than analysts' estimates, on revenue of $11.78 billion, just above the $11.73 billion consensus estimate. Delta also issued updated guidance, as the airline sees third-quarter EPS between $1.65 and $1.83, while consensus calls for EPS of $1.83. Capacity will come down by 50 to 100 basis points. For the full year, Delta lowered guidance, saying it now expects EPS between $5.35 and $5.70, down from a previous range of $6.35 to $6.70, compared with the $5.69 consensus estimate.

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Who Are Delta Air Lines’ Main Competitors? (DAL)

DAL AAL

Delta Air Lines, Inc. (NYSE: DAL) operates as a major American airline for passengers and cargo traveling throughout the United States and around the world. Delta is a founding member of the SkyTeam Alliance Network, offering more than 13,000 daily flights, with 326 destinations in 59 countries, partnering with the other 19 SkyTeam member airlines around the world. Some of Delta's major competitors are United Continental Holdings, Inc. (NYSE: UAL), Southwest Airlines Co. (NYSE: LUV) and American Airlines Group, Inc. (NASDAQ: AAL).

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Delta Air Lines (DAL) Beats on Q2 Earnings - July 12, 2018

DAL

Earnings also increased on a year-over-year basis.How Was the Estimate Revision Trend?Investors should note that the earnings estimate revisions for Delta depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 1.1% downward over the last 30 days.The company however has an impressive earnings history having outperformed the Zacks Consensus Estimate three of the last four quarters with an average beat of 2.8%. Meanwhile capacity is projected to expand approximately 3% year over year.The company’s board approved a 15% hike in dividend to 35 cents per share, payable to shareholders on Aug 16, of record as of Jul 26.Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. Consequently shares of the company were up in pre-market trading at the time of writing.Check back later for our full write up on this Delta Air Lines earnings report later!The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues.

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Delta's guidance comes up short as rising fuel costs weigh

DAL

Delta Air Lines reported better-than-expected second-quarter results Wednesday morning, but guided earnings below Wall Street estimates because of rising fuel costs. Delta Air Lines made a big change to its AMEX credit card - and many customers aren't happy about it. The company announced that, starting January 1st, customers are going to have to spend $250,000 a year on the Delta American Express credit card if you want to waive into the airline's prized Diamond Medallion frequent flyer status. "With an expected $2 billion higher fuel bill for 2018, we are now forecasting our full-year earnings to be $5.35 to $5.70 per share, CEO Ed Bastian said in the earnings report.

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Delta cuts 2018 forecast on higher fuel costs, profit beats estimates

DAL

The No.2 U.S.carrier by passenger traffic cut its full-year earnings outlook to a range of $5.35 to $5.70 per share from $6.35 to $6.70 per share. Jet fuel costs for airlines have been rising as crude oil prices have soared 9.8 percent this year through Wednesday and 53.8 percent in the last 12 months. However, strong travel demand and an increase in average fares helped the Delta's second-quarter profit top Wall Street estimates. "With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps (basis points) of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end," Chief Executive Officer Ed Bastian said. The total unit revenue - a measure which compares sales with flight capacity - increased 4.6 percent in the quarter, boosted by higher average fares.

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