Key TakeawaysDelta Airlines is suing Crowdstrike over a software update by the cybersecurity company in July that caused massive disruptions.The outage, which affected millions of Microsoft computers, led to flight cancellations or delays for more than a million customers.Delta estimates the outage caused it $500 million in costs, in addition to loss of future revenue and reputational damage.This legal action comes after months of finger-pointing, in which Microsoft and Crowdstrike criticized Delta's handli ...

United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines , the country's most profitable airline.United Airlines is the best-performing U.S. airline stock this year. It wants to be the most profitable carrier, too.United has been flying for nearly a century and is the world's largest airline by capacity. The Chicago-based carrier has been trying to expand its profits by investing heavily in roomier seats and growing a network that will excite high-spending travelers, wi ...

Core Viewpoint - United Airlines and Delta Air Lines are positioned for long-term growth and valuation rerating due to significant megatrends beyond traditional consumer discretionary spending in the travel sector [1] Financial Performance - United Airlines and Delta shares have seen strong performance in 2024, trading at 7.1 times and 9.2 times Wall Street analyst earnings expectations respectively, indicating potential for further growth despite high debt levels [2] - Delta ended Q3 with $18.7 billion in adjusted net debt and generated $2.7 billion in free cash flow (FCF) in 2024, with expectations of $3.4 billion for the full year [2] - Management plans to repay $4 billion in debt in 2024, contributing to improved credit ratings from Moody's and Fitch [2] Industry Dynamics - Recent industry trends challenge the traditional view of high cyclicality, with airlines reducing capacity in response to overcapacity issues [3][4] - Delta's president noted that domestic industry seat growth has moderated, aligning with demand [3] - United's CEO indicated that unprofitable capacity is exiting the market, leading to expected domestic yield improvements [4] Revenue Metrics - Both airlines reported rising cost per available seat mile (CASM) and declining revenue per available seat mile (RASM), but these metrics are expected to improve [5][6] - Delta's non-fuel CASM growth is projected to moderate to 3% in Q4, while United's domestic PRASM showed positive growth in August and September [5][6] Customer Segmentation - Delta's focus on premium customers is yielding positive results, with premium product revenue growing 4% despite challenges, while main cabin revenue declined [7] - Delta's loyalty program revenue increased by 7%, and revenue from co-branded credit cards continues to grow [7][8] Market Outlook - A lower interest rate environment in 2025 is expected to boost consumer discretionary spending on travel, alongside improvements in corporate travel [9] - Both airlines are enhancing their balance sheets through improved FCF and debt reduction, with stable revenue streams from loyalty programs and credit cards [9] - The International Air Transport Association (IATA) projects the global airline industry to earn $30.5 billion in net profits, with North America contributing $14.8 billion [9] Valuation Considerations - Both airlines are generating profitability above the industry average, but their earnings remain cyclical due to economic fluctuations and high fixed costs [10] - There is a case for a valuation rerating as the North American airline industry shows signs of rational behavior in capacity management [10]

Delta Air Lines Inc DAL isn't just taking its customers to new destinations — it's flying high on the stock charts as well. Chart created using Benzinga Pro The airline, nearing its 100th anniversary, is basking in a Golden Cross — a bullish signal where the 50-day moving average crosses above the 200-day, suggesting that the skies ahead may be clear for takeoff. Delta Air Lines' Stock Chart Supports A Bullish Run Trading at around $55 a share, Delta is currently soaring above its five, 20 and 50-day expone ...

The airline's latest news could have been better, but the stock remains at an excellent value on balance.The recent report and guidance from Delta Air Lines (DAL 6.79%) were slightly disappointing for more than one reason. However, they must be examined in the context of the stock's valuation and underlying earnings trends. In doing so, it's clear that there's a robust case for buying the stock despite its 22% run-up since the start of August. Here's the lowdown.Delta Air Lines' mixed newsStarting with the ...

United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report.The incident especially affected Delta, which canceled thousands of flights. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a persona ...

Core Viewpoint - Delta Air Lines reported disappointing third-quarter 2024 earnings, missing both earnings-per-share (EPS) and revenue estimates, which has raised concerns about a troubling trend as it marks the second consecutive quarter of misses [1][3] Financial Performance - EPS was reported at $1.50, missing estimates by 2 cents, while revenue fell short by nearly $700 million [1] - The cost per average seat mile (CASM) increased by 2% year-over-year, while total operating revenue per seat mile (TRASM) decreased by 3.6% year-over-year [1] - The company experienced a $380 million revenue shortfall due to a one-time software outage, which also impacted EPS by 45 cents [3] Market Reaction - Following the earnings report, Delta's stock initially dropped to a premarket low of $47.46 but later recovered to close with a modest loss of 1.35% [2] - The earnings miss also negatively affected shares of Delta's peers, including United Airlines and American Airlines [1] Future Outlook - Delta expects record profits in the fourth quarter, with a forecasted operating margin improvement from 11% to 13% and pre-tax profit growth of 30% year-over-year [6] - Corporate travel sales rose by 7% year-over-year, with expectations for increased corporate travel spending in 2025 [4] - The company announced plans for over 700 weekly flights to 33 destinations in its summer Transatlantic 2025 schedule [6] Stock Forecast - The average price target for Delta's stock is $65.40, indicating a potential upside of 26.84% [5] - Analysts have set a high forecast of $85.00 and a low forecast of $59.00 for the stock [6][9] Technical Analysis - Delta's stock is forming a daily symmetrical triangle pattern, with key resistance at $52.00 and support levels at $49.97 and various Fibonacci pullback levels [7][8]

Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Delta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County Airport hub over the past several days because of a "food safety issue."Delta said that operations from the facility were shut down and hot food will be managed by other kitchens."During a recent inspection at a DTW kitchen, Delta's catering partner was notified of a food sa ...

淘天称今年双 11 投入力度近年最大。 包括 300 亿元消费券及红包和 30 亿元商家支持补贴，流量投入超百亿。 阿里（9988.HK）集团副总裁、天猫事业部总裁、天猫总裁家洛在媒体沟通会上说，今年国庆假 期，很多大型国际品牌的线下销售并不好，有的同比下滑十几个百分点，但同样的品牌却在线上和 天猫增长很好；消费环境也带来一些明显的消费特征变化，比如大家日常的消费没那么自如随意， 更愿意在优惠大的时候集中囤货，加之政府补贴首次被引入双 11，让今年双 11 背负更多商家和平 台期待。 今年双 11 的另一大变化是简化了红包、消费券的计算规则，将商品实际到手价直接显示在消费者 浏览的商品页，消费者不用再算数学题，方便网购不熟练的用户，也方便直接比价。家洛称比价和 "贵必赔" 是希望把定价权还给商家，让各个平台的价格稳定、齐平，不形成行业的额外 "内卷"。 全球最大药企礼来投资 15 亿元增产苏州工厂。 全球最大市值药企礼来公司宣布，将投资约 15 亿元人民币用于其苏州工厂的产能升级，扩大 2 型 糖尿病和肥胖创新药物的生产规模，以满足中国患者需求，并支持未来管线产品的生产。自 2022 年起，礼来在 2 型糖尿 ...

Delta Air Lines (DAL)  gave a glimpse at how the large domestic airliners are faring after reporting third quarter results on Thursday with United Airlines (UAL)  and American Airlines (AAL)  set to release their Q3 reports in the coming weeks.Although Delta’s Q3 financial metrics were mixed the company’s valuation and post-pandemic recovery are still enticing.  Delta’s Q3 Results Delta posted Q3 EPS of $1.50 on operating income of $971 million which decreased 26% from $2.03 per share in the prior year quar ...