Some of the major players in the airline industry have faced a slew of negative headlines in recent months. Delta Air Lines Inc. NYSE: DAL suffered a tire explosion that killed two workers in August. Boeing Co. NYSE: BA was in the news multiple times for safety issues with its aircraft and, in mid-September, saw 30,000 machinists go on strike. A global software outage in July forced airlines around the world to cancel or delay thousands of flights, a move that Delta said cost it about $500 million.This nega ...

The headline numbers were mixed, but management's commentary on industry dynamics was bullish.The devil is in the details. Despite some mixed-headline numbers from Delta Air Lines' (DAL 0.31%) latest investor update, one aspect of management's commentary is bullish for the company and much of the industry. Here's an unpacking of what management says and why you can feel more comfortable holding the stock afterward.Mixed-headline numbersFor those investors unaware of summer events, airlines suffered flight d ...

Delta Air Lines (DAL) ended the recent trading session at $44.27, demonstrating a -0.02% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 1%.Coming into today, shares of the airline had gained 14.45% in the past month. In that same time, the Transportation sector gained 2.69%, while the S&P 500 gained 4.03%.Market participants will be closely following the financial results of Delta ...

Delta Air Lines, Inc. (NYSE:DAL) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Glen Hauenstein - President Dan Janki - CFO. Conference Call Participants Ravi Shanker - Morgan Stanley Ravi Shanker Excellent. Good morning, everyone, and welcome to Day 2 of the 12th Annual Laguna Conference. Again, another long track of airlines and transportation content here in this room. So get comfortable again. I'm very happy to kick off today's festivities with our top ...

Airlines are reporting better unit revenues for the tail end of summer, a sign customers will continue to have to shell out more to fly in the coming months.Alaska Airlines on Thursday raised its third-quarter profit forecast to a range of $2.15 to $2.25 per share from a previous outlook of no more than $1.60 per share. It also said it expects unit revenue to rise by as much as 2% after previously estimating flat to "positive" unit revenue.Delta Air Lines said domestic and trans-Atlantic unit revenue would ...

Core Insights - The article emphasizes the importance of selecting the right credit card for booking flights to maximize rewards and benefits, highlighting that airline credit cards offer specific perks while general travel cards provide more flexibility [1][31]. Airline Credit Cards Overview - Airline credit cards are designed for travelers loyal to specific airlines, offering rewards and benefits such as free checked bags and priority boarding [32][34]. - Co-branded airline cards typically provide rewards tied to the airline, while general travel cards allow for broader redemption options across multiple airlines [35][38]. Key Features of Airline Credit Cards - Important features to consider include welcome bonuses, rewards rates aligned with spending habits, travel benefits like free checked bags, and fees associated with the card [38][40]. - The potential for elite status and the ability to transfer miles to various travel partners are also significant advantages of airline credit cards [43][45]. Specific Card Highlights - The Chase Sapphire Preferred Card offers 75,000 bonus points after spending $5,000 in the first 3 months, with a rewards rate of 5x points on travel purchased through Chase Travel [4][5]. - The Southwest Rapid Rewards Plus Credit Card provides 50,000 bonus points after spending $1,000 in the first 3 months, along with benefits like a free checked bag for the cardholder and additional passengers [8][9]. - The Delta SkyMiles Platinum American Express Card offers 90,000 bonus miles after spending $4,000 in the first 6 months, with benefits including a Companion Certificate and free checked bags [12][13]. General Travel Cards - General travel cards, such as the Chase Sapphire Preferred and American Express Gold Card, are recommended for those who do not have loyalty to a specific airline, as they provide elevated rewards on flights purchased directly from airlines [47][31]. - These cards offer flexibility in redeeming rewards across various travel partners, making them suitable for occasional travelers [35][38].

The Department of Transportation (DOT) launched an investigation into rewards programs at the four largest airlines over "potential unfair, deceptive, or anticompetitive practices."  U.S. Secretary of Transportation Pete Buttigieg sent letters to American, Delta, Southwest and United Airlines requiring them to hand over records with detailed information about their rewards programs, practices and policies. The department is aiming to combat any deceptive or anticompetitive practices that may occur, such as ...

Atlanta, GA-based airline heavyweight Delta Air Lines (DAL) faces multiple headwinds ranging from the current overcapacity in the airline market, technology outage and high costs.  Due to the headwinds, earnings estimates for not only the remaining quarters of 2024 but also for the current year are on the decline, signaling a bearish outlook for the airline. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share indicates a decline of 26.1% and 5% from the respective 2023 figur ...

In the latest trading session, Delta Air Lines (DAL) closed at $40.43, marking a -0.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.39%, and the technology-dominated Nasdaq saw a decrease of 1.12%.The airline's stock has dropped by 5.6% in the past month, falling short of the Transportation sector's gain of 0.22% and the S&P 500's gain of 3.15%.The investment community will be closely monitoring the performance of Delta Air Line ...

Two people have been killed and another seriously injured after an explosion at a Delta Air Lines maintenance depot at Atlanta's airport in Georgia.An aircraft tyre reportedly exploded, according to a union representative who spoke to Sky News' US partner, NBC News. Several fire and police units responded to a hangar at Hartsfield-Jackson Atlanta International Airport, Georgia shortly after 5am (10am UK time).The airline said it is conducting an investigation and working with local authorities."The Delta fa ...