Delta Air Lines' chief operating officer is leaving at the end of the month, the company said in a securities filing on Friday.CEO Ed Bastian said in an employee memo that Chief Operations Officer Mike Spanos is taking a job at another company.His departure, after just over a year on the job, comes weeks after Delta suffered a meltdown in the wake of the massive CrowdStrike outage in July. Delta estimates those disruptions cost the airline some $500 million and said it will seek compensation from CrowdStrik ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Delta Air Lines (DAL) .Delta currently has an average brokerage r ...

In the latest trading session, Delta Air Lines (DAL) closed at $40.15, marking a -0.07% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.2%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.21%.Shares of the airline witnessed a loss of 10.55% over the previous month, beating the performance of the Transportation sector with its loss of 19.48% and underperforming the S&P 500's loss of 1.49%.The upcoming earnings release of Delta Air Lines will ...

Boarding1Now Delta Air Lines, Inc. (NYSE:DAL) entered the key summer flying season as the most valued domestic airline. The legacy airline is exiting the crucial flying period in damage control mode after a major computer outage impacted operations far more than peers. My investment thesis remains Bullish on the airline due to the extremely cheap valuation, but other airlines might outperform in the short term. Source: Finviz CrowdStrike Outage The whole corporate world was faced with a global compute ...

Delta Air Lines (DAL) intends to increase the flying options for its passengers to Mexico. This Atlanta-based carrier decided to introduce routes from Detroit to Tulum and Los Angeles to Mazatlán this winter. Additionally, Delta’s partner Aeromexico will introduce flights from Atlanta to Manzanillo and Newark to Mexico City. Following these route additions, Delta’s seat capacity will increase 7% as it aims to meet the anticipated demand swell in winter.Following the decision, Joe Esposito, Delta’s senior V. ...

Boarding1Now The airline industry has seen a very eventful month of news and stock movement. As it usually does, Delta Air Lines (NYSE:DAL) kicked off the second quarter 2024 earnings season with a healthy profit, but which was down year over year. United (UAL) followed with its earnings less than a week later and also reported a strong second quarter, moving the two U.S. megacarrier earnings the closest they have been in years in the traditionally strong second quarter. Delta and United are both pursui ...

Thanks to the benefit of hindsight, the disastrous spell of the Covid-19 crisis represented the best time for airline stocks to buy on the dip. Obviously, that season has long passed. However, that doesn’t mean that the concept of acquiring temporarily undervalued air travel investments is no longer relevant. On the contrary, we could be sitting on a similar opportunity.Yes, the phenomenon of revenge travel – or the acute need to leave the home and enjoy much-needed experiences – has faded. Nevertheless, in ...

Baggage sits at Delta baggage claim at LAX on July 24. (Photo by Patrick T. Fallon) AFP via Getty ImagesSo far this week Delta has a couple of nasty letters from tech company attorneys and a downgraded earnings estimate from a key Wall Street analyst. More routinely, Hurricane Debby is causing cancellations and delays in the Southeast, where Delta operates its biggest hub.The letters were from attorneys representing Microsoft and CrowdStrike, whom Delta has blamed for its late-July breakdown that caused it ...

LOS ANGELES, Aug. 7, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Delta Air Lines, Inc. ("Delta" or "the Company") (NYSE: DAL) for potential breaches of fiduciary duty on the part of its directors and management.The investigation focuses on determining if the Delta board breached its fiduciary duties to shareholders. The Department of Transportation ("DOT") announced an investigation of Delta on J ...

Delta Air Lines’ (DAL) financial stability is challenged by high operating expenses and low liquidity. Elevated labor costs and fuel costs exacerbate the strain on the company's bottom line. Also, low liquidity impedes its ability to meet obligations, in turn making it an unattractive choice for investors’ portfolios.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 16.13% downward over the past 60 days. For the current year, ...