Tim Seymour kickoff final trades. Yeah, Brandon. By the way, I think you're seeing a poison cover band this weekend.So, I'll I'll give you a reference uh for airlines because it seems every airline stock has uh every rose has its thorn if I may, but not Delta Airlines. And I think airlines are actually going to hit new highs. Delta will.There you go. Thank you, Carter. Well, speaking of that area of the market, Expedia just now back to its highs of four or five years ago.We think it breaks out to new highs. ...

Company Overview - Delta Air Lines (DAL) ended the recent trading session at $57.84, showing a -2.05% change from the previous day's closing price, which lagged behind the S&P 500's 0.4% loss [1] - Over the past month, shares of Delta Air Lines gained 5.48%, outperforming the Transportation sector's gain of 0.13% and the S&P 500's gain of 1.67% [1] Earnings Expectations - Delta Air Lines is expected to report an EPS of $1.48, down 1.33% from the prior-year quarter, with a revenue estimate of $15.77 billion, up 0.59% from the prior-year quarter [2] - Full-year Zacks Consensus Estimates project earnings of $5.63 per share and revenue of $61.84 billion, representing year-over-year changes of -8.6% and +0.32%, respectively [2] Analyst Estimates and Rankings - Recent changes to analyst estimates for Delta Air Lines reflect evolving short-term business trends, with positive revisions indicating optimism about the business outlook [3] - The Zacks Rank system, which integrates estimate changes, currently ranks Delta Air Lines at 3 (Hold), with the Zacks Consensus EPS estimate moving 0.68% lower in the past month [5] Valuation Metrics - Delta Air Lines is trading at a Forward P/E ratio of 10.49, which is a premium compared to the industry average Forward P/E of 9.75 [6] - The company has a PEG ratio of 1.84, while the Transportation - Airline industry had an average PEG ratio of 0.86 [6] Industry Context - The Transportation - Airline industry ranks in the top 42% of all industries, with a current Zacks Industry Rank of 102 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Group 1 - Major stock indices futures are experiencing declines, with Dow futures down 0.23%, S&P 500 futures down 0.09%, and Nasdaq futures down 0.02% [1] - Chinese concept stocks are mostly rising, with notable increases such as Xiaopeng Motors up 1.08%, NIO up 2.95%, Boss Zhipin up 3.26%, and Miniso up 5.56% [2] - Target's CEO Brian Cornell will step down on February 1, after 11 years of leadership, due to poor sales performance, with COO Michael Fiddelke set to take over [2][3] Group 2 - OpenAI's CFO Sarah Friar stated that the company is still facing a shortage of computing power, leading to increased demand for GPUs, resulting in a rise in chip stocks like Nvidia up 0.4%, AMD up 0.72%, and TSMC up 0.32% [2] - Meta has paused hiring in its AI department after recruiting over 50 researchers and engineers, raising concerns about the impact on shareholder capital returns due to rising stock compensation [3] - Novo Nordisk has implemented a hiring freeze for non-critical positions globally and is considering layoffs to save costs [3] Group 3 - Delta Airlines confirmed that a Boeing 737 aircraft experienced wing damage during a flight, with no injuries reported among the 62 passengers and 6 crew members [3] - Johnson & Johnson announced a $2 billion investment in North Carolina to build a new factory, aimed at expanding its production capabilities in the U.S. to avoid potential drug import tariffs [4]

⑤ 【Meta冻结AI岗位招聘】当地时间8月20日，据媒体报道，在招聘了50多名研究人员和工程师后， Meta已暂停其AI部门的招聘。摩根士丹利分析师在8月18日的一份研究报告中警告称，Meta和谷歌为吸 引AI人才而提供的快速上涨的股票薪酬，可能会威胁到他们通过回购股票向股东返还资本的能力。截 至发稿，Meta下跌0.21%。 ⑥ 【诺和诺德冻结非关键职位招聘】当地时间8月20日，诺和诺德表示，已对全球范围内的非关键职位 实施招聘冻结。据媒体报道，为节约成本，诺和诺德还将在未来考虑裁员。截至发稿，诺和诺德上涨 0.24%。 ⑦ 【美国达美航空一客机飞行中机翼受损】 据CCTV国际时讯报道，近日，达美航空一架波音737型客 机从美国奥兰多国际机场飞往奥斯汀—伯格斯特龙国际机场。机上乘客拍摄的视频显示，客机在飞行过 程中，飞机左翼"和机身出现分离"。达美航空随后确认这架客机出现机翼受损，目前已被停飞并进行维 修。据悉，机上载有62名乘客和6名机组人员，所幸无人受伤。美国联邦航空局正在对该起事件进行调 查。截至发稿，达美航空下跌0.08%，波音下跌0.27%。 ⑧ 【强生公司将在美投资20亿美元以应对药品关税】当 ...

Core Points - A Delta Airlines Boeing 737 experienced a wing flap failure mid-flight, with parts detaching while en route from Orlando International Airport to Austin-Bergstrom International Airport [2] - The aircraft safely landed at its intended destination despite the incident, carrying 62 passengers and 6 crew members [2] - Passengers reported severe turbulence during the incident [3] Company Response - Delta Airlines confirmed the issue with the wing flap and has grounded the affected aircraft for maintenance [4] - The damaged flap is a movable device on the wing's edge that adjusts lift, and its failure can significantly impact pilot control, potentially leading to severe accidents [4]

Core Points - A Delta Airlines Boeing 737 experienced partial wing detachment during flight, causing alarm among passengers [1][2] - The flight, Delta Airlines Flight 1893, was en route from Orlando International Airport to Austin-Bergstrom International Airport when the incident occurred [2] - Passengers reported severe turbulence and were informed by others that part of the wing was damaged, leading to fears of a potential crash [2] - Delta Airlines confirmed that a portion of the left wing flap was missing upon landing, and the aircraft has been grounded for inspection [2] - There were 62 passengers and 6 crew members on board, with no injuries reported; the FAA is investigating the incident [2]

Core Viewpoint - Delta Air Lines and United Airlines are facing proposed class action lawsuits from passengers who claim they were misled into paying extra for "window" seats that do not actually have windows due to design issues in certain aircraft models [1][4]. Group 1: Lawsuit Details - The lawsuits were filed in federal courts in San Francisco and Brooklyn, seeking millions of dollars in damages for over 1 million passengers at each airline [1]. - Passengers allege that Delta and United do not indicate the absence of windows for certain seats during the booking process, unlike competitors such as Alaska Airlines and American Airlines [3][4]. - The complaints highlight that passengers choose window seats for various reasons, including alleviating fear of flying, keeping children occupied, and enjoying the view [3]. Group 2: Aircraft Specifications - The lawsuits specify that certain Boeing 737, Boeing 757, and Airbus A321 aircraft have seats that are designed to have windows but lack them due to the placement of air conditioning ducts, electrical conduits, or other components [2][6]. Group 3: Revenue Implications - Ancillary revenue from services such as seat selection, baggage fees, and cabin upgrades is crucial for airlines to generate additional cash while maintaining lower base fares [5][8]. Group 4: Legal Representation - The Delta lawsuit is led by Nicholas Meyer, while the United lawsuit is represented by Marc Brenman and Aviva Copaken [8]. - One plaintiff reported receiving refunds for some windowless seats but not for others, indicating potential inconsistencies in the airlines' handling of these complaints [8]. Group 5: Third-Party Information - Passengers can utilize third-party websites like SeatGuru to assess the pros and cons of specific seats, including those without windows [9]. - Legal representatives argue that reliance on third-party reviews does not absolve Delta and United from misrepresenting their products [9].

Core Insights - Delta Air Lines (DAL) and American Airlines (AAL) are major players in the U.S. airline industry, with DAL based in Atlanta and AAL in Fort Worth [1][2] - AAL is facing challenges with a projected loss per share for Q3 2025, while DAL has reinstated its earnings guidance, indicating a stronger financial position [3][7] Financial Performance - AAL's second-quarter 2025 results showed better-than-expected earnings, but the outlook for the third quarter is weak, with expected losses between 10 to 60 cents per share [3][6] - DAL reported better-than-expected revenues and earnings for Q2 2025, reinstating its EPS guidance of $5.25-$6.25, and expects free cash flow of $3-$4 billion for the year [9][15] Debt and Costs - AAL's long-term debt stands at $25.3 billion, resulting in a debt-to-capitalization ratio of 94.9%, significantly higher than the industry average of 56.6% [5] - High labor costs are impacting AAL's profitability, with expenses on salaries and wages increasing by 10.9% year over year [5][11] Market Conditions - Both airlines are affected by tariff-induced uncertainty, which is dampening air travel demand [17] - AAL's fuel expenses decreased by 13% to $2.67 billion in Q2 2025, aided by falling oil prices, which could support margins [8][12] Dividend and Liquidity - DAL increased its quarterly dividend by 25% to 18.75 cents per share, reflecting strong cash flow and a shareholder-friendly approach [13][19] - DAL ended Q2 2025 with cash and cash equivalents of $3.33 billion, exceeding its current debt of $2.22 billion, indicating a strong liquidity position [15][19] Investment Outlook - DAL is viewed as a more favorable investment compared to AAL due to its strong liquidity, dividend-paying capacity, and better financial outlook [18][19]

Group 1 - Delta Air Lines shares are considered a good investment opportunity due to consistent demand for premium flights and a clear understanding of earnings [1] - The company's stock is trading at a lower valuation than it should, indicating potential for price appreciation [1] Group 2 - The analyst has a background in equity analysis and has worked across various sectors, providing a strong foundation for identifying value in the market [1] - The focus is on applying Western analytical tools to uncover hidden value in emerging markets, particularly in the CIS region [1]

Core Viewpoint - The airline sector experienced a collective rise, with significant gains in stock prices for major airlines following the release of U.S. CPI data indicating an increase in ticket prices [1] Group 1: Airline Stock Performance - American Airlines (AAL.US) and Alaska Airlines (ALK.US) saw stock increases of over 6% [1] - United Airlines (UAL.US) and Delta Airlines (DAL.US) experienced stock increases of over 5% [1] Group 2: CPI Data Impact - The U.S. Consumer Price Index (CPI) reported a 4% increase in ticket prices for July, contrasting with a 0.1% decrease in the previous month [1]