Group 1 - United Airlines Holdings, Inc. (NASDAQ: UAL) is experiencing a rise to post-Covid highs despite a legacy airline struggling with an IT outage [1] - The airline stock is currently considered undervalued, raising questions about whether the market will recognize its potential [1] - The investing group Out Fox The Street offers stock picks and research to help investors identify potential multibaggers while managing portfolio risk through diversification [1] Group 2 - The article emphasizes the importance of conducting personal research or consulting a financial advisor before making investment decisions [2] - It highlights that past performance does not guarantee future results, and no specific investment recommendations are provided [2] - The views expressed in the article may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [2]

Airline and transportation stocks have been under pressure from weakening consumer discretionary trends lately, especially as inflation is now threatening to spike again after the – arguably premature – interest rate cuts coming from the Federal Reserve (the Fed), being the most aggressive policy shift since late 2007 in face of the financial crisis of 2008.Delta Air Lines TodayDALDelta Air Lines$50.30 -0.68 (-1.33%) 52-Week Range$30.60▼$53.86Dividend Yield1.19%P/E Ratio7.24Price Target$64.35Add to Watchlis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.0001 per share DAL New York Stock Exchange FORM 10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Delta Air Lines continues to demonstrate resilience in the business travel sector, building on strong performance from previous quarters as it reported third-quarter financial results Thursday (Oct. 10). Corporate travel sales rose 7%, driven by the airline's focus on premium offerings, which have consistently outperformed main cabin sales. Delta officials said a recent survey reveals 85% of companies anticipate boosting their travel budgets in 2025. "Corporate travel continues to improve and Delta continue ...

Delta Air Lines (DAL) reported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis, mainly due to high labor costs. Find latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted ...

Delta Air Lines, Inc. (NYSE:DAL) Q3 2024 Earnings Conference Call October 10, 2024 10:00 AM ET Company Participants Julie Stewart - Vice President, IR Ed Bastian - CEO Glen Hauenstein - President Dan Janki - CFO Tim Mapes - SVP & Chief Communications Officer Peter Carter - EVP, External Affairs Conference Call Participants David Vernon - Bernstein Jamie Baker - JPMorgan Savi Syth - Raymond James Mike Linenberg - Deutsche Bank Conor Cunningham - Melius Research Duane Pfennigwerth - Evercore ISI Scott Group - ...

Core Viewpoint - Delta Air Lines anticipates a decline in fourth-quarter revenue due to consumer behavior surrounding the upcoming US presidential election, although it expects the quarter to be one of the most profitable in its history due to strong holiday travel bookings and improved pricing power [1][3]. Group 1: Revenue and Profit Expectations - Delta expects an adjusted profit of $1.60 to $1.85 per share for the quarter ending in December, slightly above analysts' expectations of $1.70 per share [3]. - Overall revenue is projected to increase by 2% to 4% year-over-year, supported by a 3% to 4% rise in capacity [4]. Group 2: Impact of US Presidential Election - The uncertainty surrounding the US presidential election is expected to negatively impact travel demand for approximately two weeks around November 5, with a recovery in bookings anticipated afterward [3]. - Historically, domestic travel demand has shown a decline in the weeks surrounding elections, with revenue trends expected to be significantly better in October and December compared to November [3]. Group 3: Capacity and Pricing Power - Measures taken by US airlines to moderate capacity have enhanced pricing power across all regions, a trend expected to continue into the December quarter [6]. - Domestic seat growth has slowed to 1.5% in October and November from 5.5% in July, indicating a strategic reduction in capacity to improve profitability [6]. Group 4: Market Performance and Challenges - The NYSE Arca Airline index has risen by 25% since early August, outperforming the S&P 500 index, which increased by 8%, with Delta's shares gaining over 30% [8]. - Delta reported an adjusted profit of $1.50 per share for the September quarter, slightly below the $1.52 estimated by analysts, primarily due to disruptions from a global cyber outage that led to approximately 7,000 flight cancellations [8].

A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024.Summer trips to Europe are getting too hot for thousands of tourists.Delta Air Lines president Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Instead, they are shifting trips to cooler months, a trend that airline officials have been noticing over the past couple of years as consumers look t ...

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining approximately 0.1% while the Dow decreased by 0.17% to 42,437.66 and the S&P 500 fell by 0.05% to 5,789.32 [1] Company Earnings - Delta Air Lines, Inc. reported third-quarter operating revenue growth of 1% year-over-year to $15.677 billion, surpassing the consensus estimate of $14.674 billion. However, adjusted EPS was $1.50, down 26% year-over-year, missing the consensus of $1.52 [2] Notable Stock Movements - BloomZ Inc. shares surged 73% to $1.2350 after being selected as the primary animation contractor for a new project [3] - LSB Industries, Inc. saw a 12% increase in shares to $9.31 following an upgrade from UBS analyst Joshua Spector from Neutral to Buy, with a price target raised from $9.5 to $11 [3] - Symbotic Inc. shares rose 12% to $26.10 after announcing an agreement for warehouse automation systems with Walmex [3] Declining Stocks - Gritstone bio, Inc. shares plummeted 64% to $0.0707 after announcing a voluntary Chapter 11 restructuring [4] - Indivior PLC shares fell 19% to $7.66 after providing preliminary third-quarter revenue guidance and cutting FY24 net revenue guidance below estimates [4] - 10x Genomics, Inc. shares dropped 29% to $14.87 after guiding third-quarter preliminary revenue of $151.7 million, a 1% decrease year-over-year [4] Commodities - Oil prices increased by 3.1% to $75.48, while gold rose by 0.7% to $2,644.80. Silver and copper also saw gains of 1.7% to $31.175 and 0.5% to $4.4230, respectively [5] European Market Performance - European shares declined, with the eurozone's STOXX 600 down 0.36%, Germany's DAX down 0.47%, and France's CAC 40 down 0.48% [6] Economic Indicators - U.S. initial jobless claims rose by 33,000 to 258,000 for the week ending October 5th, exceeding market estimates of 230,000 [8] - The annual inflation rate in the U.S. eased to 2.4% in September from 2.5% in August, but was above market expectations of 2.3% [8]

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