Delta Air Lines Inc (NYSE: DAL) is up nearly 30% versus its year-to-date low but a Morgan Stanley analyst is convinced it will extend its rally further in the coming months.Delta Air Lines stock could climb to $85 Copy link to section Ravi Shanker reiterated his “overweight” rating on $DAL this morning that he expects will hit $85 by the end of 2024. The analyst is super bullish on Delta Air Lines stock primarily because it’s now focusing more on premium services.He’s convinced the strategic move will boost ...

Delta Air Lines (DAL) benefits from robust air travel demand, bolstering its financial performance. The move to reinstate quarterly dividends emphasizes its shareholder-friendly approach. However, high fuel and labor costs, coupled with technological glitches, pose major challenges.Factors Favoring DALImproved domestic air travel demand is bolstering Delta Air Lines. Driven by strong passenger revenues, DAL reported better-than-expected earnings and revenues in the fourth quarter of 2023. Management forecas ...

The latest trading session saw Delta Air Lines (DAL) ending at $43.44, denoting a +0.74% adjustment from its last day's close. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.82%.Prior to today's trading, shares of the airline had gained 7.48% over the past month. This has outpaced the Transportation sector's gain of 0.44% and the S&P 500's gain of 1.76% in that time.Market participants will be closely following the financ ...

I won't sugarcoat this: Traditionally, airlines have not been great investments, at least not for those interested in equities. Still, there's strong reason to believe that won't always be so.Delta Air Lines (DAL 0.14%) is an excellent example of a stock that can buck the trend and remain the pick of the transportation sector. Here's why the stock is a great value.Equity investors and bond investors view airline stocks differentlyWith even Warren Buffett having lost money on airline stocks in the past, it m ...

Brandon Bell/Getty Images News Introduction In my previous two articles (one) (two), I had a sell rating on Delta Air Lines (NYSE:DAL). During these times, I believed that the macroeconomic headwinds could hinder Delta Air Lines' operations. As the consumer delinquency rates were sharply rising, I thought that the consumers' financial health was deteriorating potentially signaling a headwind to the discretionary and cyclical travel companies like Delta Air Lines. In times of financial pressure, travel is on ...

Delta Air Lines (DAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this airline have returned +5%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Transportation - Airline industry, which Delta falls in, has lost 2.8%. The key question now is: What could be the stock's future direction?While me ...

Delta Air Lines (DAL) believes that the scrutiny currently being faced by Boeing (BA) from regulators will result in it getting deliveries of 737 Max 10 planes not before 2027. This was stated by Delta’s CEO Ed Bastian in an interview to Bloomberg.We remind investors that DAL had announced in 2022 that it would buy 100 Boeing 737 Max 10 jets with options to buy another 30. At that time, it expected the planes to get delivered from 2025 onward. Delta, currently carrying a Zacks Rank #3 (Hold), currently does ...

Delta Air Lines, Inc. (NYSE:DAL) J.P. Morgan 2024 Industrials Conference March 12, 2024 7:45 AM ET Company Participants Ed Bastian - Chief Executive Officer Glen Hauenstein - President Dan Janki - Executive Vice President and Chief Financial Officer Julie Stewart - Vice President, Investor Relations Conference Call Participants Jamie Baker - J.P. Morgan Mark Streeter - J.P. Morgan Jamie Baker Good morning, everybody. My name is Jamie Baker. I cover the U.S. Airlines and Aircraft Leasing Companies at JPMorga ...

A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.Delta Airlines just became the latest airline to raise its checked bag fee — this time by $5 beginning Tuesday, according to the company.In a statement, the airline said the fee for both the first and second checked bag is increasing by $5 for most domestic and short-haul international routes. Travelers with Delta perks, such as D ...

PARIS & NEW YORK--(BUSINESS WIRE)--Air France-KLM, Delta Air Lines and Virgin Atlantic today announced the launch of the Sustainable Airlines Initiative (SAI) in partnership with EcoVadis. Driven by members’ commitment to improve sustainability performance, the SAI will work to accelerate sustainable practices through close collaboration with trading partners to build transparency and scale positive impact across their value chains. “Commercial aviation is critical for our economies and a conduit for con ...