The airline is a lot more than just a people carrier; it's a play on the premium travel market.Delta Air Lines (DAL 3.01%) received a slew of analyst upgrades recently, including one from a Deutsche Bank analyst who rated the stock a buy and increased the price target from $50 to $60. That represents a 26% upside from the current price over the next 12 months.The upgrades come after a well-received set of first-quarter earnings. The analyst argues that the quarter's earnings report sets the company up nicel ...

As the airline industry returns to form, announcing overall profitability for 2023, the investment potential of airline stocks is rising. Though the pandemic-era economic pressures and restrictions cratered the financials of many companies, the industry as a whole proved remarkably resilient. Also, for large countries without developed rail networks, aviation remains a critical component of domestic economic activity and overall interconnectedness.Due to this, the industry has received significant subsidies ...

Delta Air Lines has seen growing demand for both leisure and business travel.That’s according to company executives, who also announced that Delta delivered record revenue for the March quarter and expects to do so again for the June quarter, according to a Wednesday (April 10) earnings release.“Delta’s core consumers are in a healthy position and travel remains a top purchase priority,” Delta CEO Ed Bastian said Wednesday during the company’s quarterly earnings call. “Generational shifts and evolving consu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☑ 1934 For the quarterly period ended March 31, 2024 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 Commission File Number 001-5424 DELTA AIR LINES, INC. (Exact name of registrant as specified in its charter) Delaware 58-0218548 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

If you are a value investor looking for undervalued stocks to buy, there are plenty of opportunities. The AI craze has captured all attention, with a handful of beneficiary stocks garnering the most interest. This has created pockets of value elsewhere.Indeed, opportunities for value investors are increasing due to some structural factors. As famed investor David Einhorn outlined in a recent CNBC interview, due to passive indexing, there are fewer value stock pickers left. This dynamic favors those willing ...

Robert Buchel/iStock Editorial via Getty ImagesIn October 2023, I covered Delta Air Lines stock (NYSE:DAL) after the company had shed roughly 25% of its market cap amidst rising oil and labor costs. I did, however, put a buy rating on the stock and that seems to have paid off rather well for those who invested as DAL stock gained 31.6% compared to a 21.4% gain for the broader markets. It puts the volatility in airline stocks on display rather well, but also shows that there's significant upside in some ...

Delta Air Lines, Inc. (NYSE:DAL) Q1 2024 Earnings Conference Call April 10, 2024 10:00 AM ET Company Participants Julie Stewart - Vice President, Investor Relations Ed Bastian - Chief Executive Officer Glen Hauenstein - President Dan Janki - Chief Financial Officer Peter Carter - Executive Vice President, External Affairs Tim Mapes - Senior Vice President Chief Communications Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Mike Linenberg - Deutsche Bank Scott Group - Wolfe Research Ra ...

Delta Air Lines (DAL) reported first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share, which comfortably beat the Zacks Consensus Estimate of 36 cents. Earnings increased 80% on a year-over-year basis.Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis, driven by strong air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.56 billion, up 6% yea ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Delta Chief Executive Ed Bastian said travel demand remains strong as the carrier forecast a record second quarter. Delta Air Lines reported another round of strong earnings on Wednesday as it forecast a record second quarter based on consistently strong travel appetite. "Consumer demand is robust and premium trends remain str ...

The inflation issue remains persistent. This is the message we’ve gotten this morning from March Consumer Price Index (CPI) report, which has riled pre-market trading to a notable extent. That’s putting it rather mildly. Ahead of this print, we were +115 points on the Dow, +13 points on the S&P 500 and +49 points on the Nasdaq. Fifteen minutes after the release, we’re now -490 points on the Dow, -77 on the S&P and -225 points on the Nasdaq. Swift and sharp. The 2-year and 10-year bond yields leapt from 4.72 ...