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Delta Air Lines Inc Add to portfolio

INX:DAL, Apr 25, 02:32 UTC

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Monday, April 22


News

Southern California's Ontario International Airport welcomes start of Delta Atlanta flights

DAL

ONTARIO, Calif., April 22, 2019 /PRNewswire/ -- Ontario International Airport (ONT) today welcomed Delta Air Lines flight 996 from Atlanta, marking the launch of daily, nonstop service between the Inland Empire and the carrier's hub at Hartsfield-Jackson Atlanta International Airport (ATL). The arrival from Atlanta, the world's busiest airport, was scheduled at 10:21 a.m. (PDT). "We're thrilled that our customers now can enjoy direct service to Atlanta, giving us another important nonstop destination on the East Coast," said Mark Thorpe, Chief Executive Officer of the Ontario International Airport Authority (OIAA). Delta, which is located in ONT's Terminal 2, currently flies to Salt Lake City from Ontario three times a day.

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Liberty Capital Management Inc. Has $1.73 Million Position in Delta Air Lines, Inc. (DAL) – Finance Daily

DAL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Delta Air Lines in the 1st quarter worth approximately $26,000. Northwest Wealth Management LLC purchased a new position in Delta Air Lines in the 1st quarter worth approximately $26,000. Following the sale, the chief operating officer now owns 94,933 shares of the company’s stock, valued at approximately $5,555,479.16. In the last three months, insiders acquired 3,559,723 shares of company stock worth $176,077,837 and sold 111,901 shares worth $6,010,888. During the same quarter last year, the firm earned $0.74 EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.65 EPS for the current year.

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News

Delta Air Lines (DAL) Stock Swings on Active volume Analysis

DAL

Delta Air Lines (DAL) try to takes its position in context of active momentum, as stock price swings at $58.17 with percentage change of -0.44% during Thursday trading session. Along recent negative drift, stock price presented -5.14% lower comparing value from it 52-week high point and showed 29.04% up in value from its 52-week low point. In short, volume is a not a precise entry and exit tool – however, with the help of indicators, entry and exit signals can be created by looking at price action, volume and a volume indicator. Technical analysts closely watch volume to see when reversals are likely to occur, which means that volume changes can be a precursor to price changes. If volume is decreasing in an uptrend, it could signal that the uptrend is coming to a close and a reversal may be likely.

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Thursday, April 18


News

Delta Air Lines Declares 24th Consecutive Quarterly Dividend

DAL

ATLANTA, April 18, 2019 /PRNewswire/ -- Delta Air Lines' (DAL) Board of Directors today declared a quarterly dividend of $0.35 per share. The dividend is payable to shareholders of record as of the close of business on May 2, 2019 and will be paid on May 23, 2019. Delta Air Lines (DAL) is the U.S. global airline leader in products, services, innovation, reliability and customer experience. Headquartered in Atlanta, Delta offers more than 5,000 daily departures and as many as 15,000 affiliated departures including the premier SkyTeam alliance, of which Delta is a founding member.

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Tuesday, April 16


News

5 Must-See Highlights From Delta Air Lines' Q1 Earnings Call

DAL AXP

Following the earnings release, several top Delta Air Lines executives spent an hour discussing the company's strategy and recent performance with Wall Street analysts and the media. Delta expects steady growth in revenue from the AmEx partnership beyond 2019, as the number of co-branded credit card holders grows and those cardmembers increase their spending. And there will be another big step-up in revenue in 2023, presumably due to Delta getting an even better revenue split from American Express. As a result, management is highly confident that this high-margin revenue stream will more than double to $7 billion between 2018 and 2023. Looking forward, premium revenue growth should accelerate through the year.-- Delta Air Lines President Glen Hauenstein. The American Express partnership is just one of several growing revenue streams helping Delta rely less on the pricing of economy fares, which have been more-or-less commoditized. For example, Delta got about 35% of its passenger revenue from business class and extra-legroom seats last quarter.

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Friday, April 12


News

Delta Air Lines Takes First Place in the 2019 Airline Quality Rating Report

DAL

These moves have driven steady improvements in Delta's ranking in the Airline Quality Rating report, compiled annually by researchers from Embry-Riddle Aeronautical University and Wichita State University. And in the recently released 2019 Airline Quality Rating report -- which covers the 2018 calendar year -- Delta finally reached the top spot, overtaking Alaska Air(NYSE: ALK). In recent years, Delta Air Lines has invested heavily in initiatives to improve its reliability and serve customers better. For example, Delta invested $50 million to roll out an RFID luggage tag system in 2016. Delta's reliability has improved so much that at times, it has been able to go a whole month with no mainline flight cancellations. Even including its regional airline operations (which are more prone to cancellations), it achieved a record 143 days with no canceled flights in 2018. It now offers incentives that can be worth several thousand dollars in some cases to attract volunteers to give up their seats, even when it would be cheaper to bump someone and pay the federally mandated compensation. As a result, in the first nine months of 2018, Delta Air Lines bumped just 22 of its 104 million mainline passengers.

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Thursday, April 11


News

Delta Airlines Is Soaring, But Don’t Book a New Seat Here

DAL

I am not a fan of writing about downside potential, but there is temporary risk to Delta Air Lines (NYSE:DAL) stock up here. Fundamentally, the company seems to be doing great, and they promised even better things to come as they raised their forward guidance for 2019. Yet, the stock is cheap, as it only sells at a 8x forward price to earnings ratio. And it also pays a 2.4% dividend to sweeten the pot. Recently, Delta stock broke out from $52 per share in a big way. So the fast rise in the stock left big open gaps below that could become magnets for short-term trading. While not every gap on a chart gets filled, most of them do. Delta has none of those, so it won’t benefit from a relief pop once that situation is resolved. So DAL stock could lose bids to other airlines who are currently under pressure from BA’s woes.

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News

Delta Air Lines (DAL) Q1 2019 Earnings Call Transcript

DAL AXP

At the heart of this performance are the Delta people, their hard work and focus on the customers is what sets Delta apart. And I want to thank them and say congratulations for starting the year with $220 million toward next year's profit sharing. During the quarter, there were exciting developments in loyalty, our maintenance, repair and overhaul business and fleet that ensure we build on our earnings momentum, strengthen our strategic advantages, and further diversify our revenue streams. Our American Express partnership is our most important commercial relationship, and I appreciate the confidence that Steve Squeri and the rest of the AmEx team places in Delta. While our AmEx contract wasn't set to expire for several years, the early renewal accelerates momentum by providing certainty in a platform for mutual growth and investment. In Latin, revenues grew 2.4%, the second consecutive quarter of positive unit revenue growth, driven by improving demand and yield trends in Mexico and the Caribbean.

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Raymond James Raises Delta Air Lines Price Target On Platinum Card Deal Renewal

DAL

Delta Air Lines, Inc. (NYSE: DAL) has renewed its contract with American Express Company (NYSE: AXP) to offer their co-branded Platinum Card through 2029. Delta Air Lines posted strong first-quarter earnings Wednesday and announced a unit revenue outlook that was slightly higher than expected. The earnings update highlights a more diversified and resilient earnings and cash flow profile, according to Raymond James. Major U.S. airlines generate around 50-60 percent of their EBIT margins from co-branded credit card relationships, with non-credit card loyalty program margins being closer to 25-35 percent, she said.

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Wednesday, April 10


News

Delta Air Lines Inc (DAL) Q1 2019 Earnings Call Transcript

DAL AXP

During the quarter, there were exciting developments in loyalty, our maintenance, repair and overhaul business and fleet that ensure we build on our earnings momentum, strengthened our strategic advantages and further diversify our revenue streams. Our American Express partnership is our most important commercial relationship, and I appreciate the confidence that Steve Squeri and the rest of the AmEx team places in Delta. While our AmEx contract wasn't set to expire for several years, the early renewal accelerates momentum by providing certainty in a platform for mutual growth and investment. Ned you leave behind an incredible legacy of leadership and service to Delta and the industry, and on behalf of the entire Delta family, thank you. And now I will turn the call over to Glen to discuss the revenue environment. In Latin, revenues grew 2.4%, the second consecutive quarter of positive unit revenue growth driven by improving demand and yield trends in Mexico and the Caribbean.

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