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INX:DAL, Jul 13, 11:27 UTC

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Thursday, July 09


News

T-Mobile, Macy's, JPMorgan Chase, Delta Air Lines and MCHI highlighted as Zacks Bull and Bear of the Day

DAL JPM

Analysts continue to raise their EPS guidance for TMUS over the next few years along with their price targets, pushing this stock into a Zacks Rank #1 (Strong Buy). According to a T-Mobile press release regarding the merge, "the enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years. Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders." I expect these shares to experience volatility in the short-term, but if it can deliver on its $43+ billion in synergy proposition, I think TMUS has an enormous amount of growth ahead. Macy's, a company that survived through two World Wars, the Great Depression, and even the Civil War, is now on the brink of insolvency.

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Thursday, July 02


News

Delta's global growth drive stalled by Latin American bankruptcies

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(Reuters) - Delta Air Lines had a strategy for years: expand worldwide by buying stakes in airlines and partner with them while avoiding the cost and red tape of full acquisitions. Aeromexico this week became the third Delta partner to file for bankruptcy due to the coronavirus pandemic, following LATAM Airlines Group and Virgin Australia. The investments had promise before the pandemic, but their valuations have since been crushed and could be leveled entirely if equity holders are wiped out, as is common in Chapter 11 reorganizations. Even if that does not happen, Delta faces diluted equity stakes if other partners come in through the two airlines' reorganizations, as well as a probable downsizing. "In other words, they become more reliant on these partnerships rather than less." Even if Delta did want to trim back its global partnerships, the bankruptcies mean that any stake sale would make little sense, at a time when Aeromexico and LATAM are valued at record lows.

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Wednesday, July 01


News

MUFG Assists BBAM in Financing Four Aircraft Leased to Delta Air Lines

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NEW YORK, July 1, 2020 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) was mandated as a Lead Arranger and Structuring Agent by BBAM Aircraft Leasing and Management to provide financing for four aircraft on long-term leases to Delta Air Lines. As part of the transaction, MUFG is providing a senior secured term loan facility for a portion of BBAM's managed fleet. "We are pleased to assist BBAM in financing a portfolio that includes three Airbus A321-200 airliners and one Boeing B737-900ER airliner," says Olivier Trauchessec, Managing Director and Global Head of Origination and Structured Solutions for Aviation at MUFG. The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world's leading financial groups, has total assets of $393.3 billion at March 31, 2020. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $165.7 billion at March 31, 2020. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of March 31, 2020, MUFG Union Bank, N.A.

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News

Funds Managed by Apollo and Merx Aviation Complete Sale-Leaseback Transaction with Delta Air Lines

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NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries “Apollo”) and Merx Aviation (“Merx”), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft. The A220 is a core part of the future of Delta’s domestic fleet, with state-of-the-art interior and best-in-class fuel efficiency. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $316 billion as of March 31, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.

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Saturday, June 27


News

Delta will warn pilots about possible furloughs, offers early retirement

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Fox Business Briefs: Delta Air Lines tells shareholders 10 employees have died from the virus and about 500 others have tested positive; Labor Department says nearly 1.5 million workers filed new claims for unemployment last week. Delta Air Lines (DAL.N) said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand. “In an effort to best prepare our pilots should furloughs be needed, Delta will send required notices to approximately 2,500 pilots,” a Delta spokesperson said in a statement, adding that the so-called ‘WARN’ notices will be sent next week. Delta also reached a tentative agreement with the Air Line Pilots Association (ALPA) labor union on a pilot-specific voluntary early retirement option.

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Wednesday, June 24


News

Delta and American Add Back Flights at Orlando Melbourne International Airport Beginning July 2

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“We are working with Delta and American to continue this trend in bringing back additional flights to MLB and aim to expand them beyond where they were before the pandemic began. The return of flights from American and Delta arrives just in time as major corporations around the airport begin to resume business travel. MLB encourages passengers to visit Delta’s Travel Update Center and American’s Travel Updates webpage before traveling. Orlando Melbourne International Airport is an award-winning airport, named Florida’s 2019 Commercial Service Airport of the Year by FDOT and #1 Most Scenic Airport Approach in the U.S.A. by PrivateFly.com. Located on the Central Florida coast, MLB serves nearly 500,000 passengers annually with current nonstop service to Charlotte (CLT) on American Airlines and Atlanta (ATL) on Delta Air Lines.

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Tuesday, June 16


News

Airlines ban alcohol on planes in response to COVID-19

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Airlines including Easyjet and KLM in Europe, Delta Air Lines and American Airlines in the United States, and Asia's Virgin Australia, are suspending all or part of their alcoholic drinks service in response to Covid-19. With face masks already mandatory on pretty much all flights around the world, and new legislation introduced in January 2020 to curb anti-social behavior on flights, it's another in a line of barriers -- literal and legal -- to getting high in the sky. Many airlines are limiting drink options to water only. As face masks must be kept on other than when passengers are eating and drinking, it's a way of ensuring passengers are lingering over their refreshments for no longer than necessary. British low-cost airline Easyjet resumed domestic routes across the UK and France on June 15, alongside a handful of international routes. While customers can bring food and non-alcoholic drinks on board, at the beginning the only refreshments on offer will be water, which has to be requested from the crew.

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Friday, June 12


News

Avoid Chasing Delta Airlines After Stock Price Took Off

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Speculators that bet on airline stocks bottoming in March needed to wait until last week for the trade to pay off. The encouragement that flight bookings and passenger traffic are on the rise rewarded Delta Airlines (NYSE:DAL) shareholders. It also planned to increase its services in the Caribbean and Latin America. But most importantly, Bill Lentsch, Delta’s chief customer experience officer, said that “our survey data showed a clear desire for these kits and we have a bias toward action when we see new trends emerge.”. Data courtesy of Stock Rover. Even after last week’s sharp bounce, Delta trades at a steep discount compared to the S&P 500 index.

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News

Rich People Say You Can't Get Rich Investing in Airlines. The Market Disagrees.

DAL

On Thursday, the Dow Jones U.S. Airlines Index dropped 14% as traders suddenly soured on this month’s equity rally, which has been fueled by a wave of retail investors throwing money at the losers of the pandemic—including aviation stocks. Even now, the index is still up 30% on the month. Many analysts expect three to five years of depressed demand for air travel. Some also fear a permanent reduction in corporate business due to videoconferencing—a big problem for full-service carriers, which make almost their entire profit on premium cabins. But what if the world hasn’t actually changed, and investing in airlines was always a bad idea? President Trump, who recently lambasted Mr. Buffett for dumping airline stocks, discovered the perils of the aviation business with the bankruptcy of “Trump Shuttle” in the late 1980s. While carriers can make money in boom times, they often lose just as much when the economy turns—or there are unexpected events like pandemics or terrorist attacks. Mr. Buffett himself famously used to scorn airline stocks. Even after the recent bounce, the Dow Jones U.S. Airlines Index has erased all the gains made since 2014. Since records started in 2002, the index has returned only 10%, far less than ultrasafe U.S. Treasurys.

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Wednesday, June 10


News

American, Delta say demand uptick helping cash burn; United requiring health checklists

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U.S. American, Delta say demand uptick helping cash burn; United requiring health checklists. FILE PHOTO: Rows of empty seats of an American Airline flight are seen, as coronavirus disease (COVID-19) disruption continues across the global industry, during a flight between Washington D.C. and Miami, in Washington, U.S., March 18, 2020. WASHINGTON/CHICAGO (Reuters) - American Airlines Group Inc (AAL.O) and Delta Air Lines Inc (DAL.N) said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic. U.S. airlines have grounded nearly half of all airplanes, canceled hundreds of thousands of flights and the industry is still burning through billions a dollars a month. But many airlines are adding back flights in July as demand modestly rebounds.

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