Core Insights - Delta Air Lines is facing significant operational disruptions due to a global computer outage, leading to the cancellation of over 600 flights on a single day, which is approximately 17% of its schedule [1][2] - The airline is offering additional pay to flight attendants to help manage staffing during this crisis, indicating a proactive approach to mitigate the impact of the disruptions [1] - While Delta struggles with recovery, other airlines like American Airlines have nearly returned to normal operations, highlighting Delta's unusual challenges in maintaining reliability and punctuality [2] Group 1 - Delta Air Lines canceled more than 600 flights on Sunday, representing about 17% of its mainline schedule [1] - The airline is providing extra pay to flight attendants to assist with staffing amid ongoing disruptions [1] - Delta's leaders are committed to learning from this incident to enhance recovery capabilities for future events [1] Group 2 - The disruptions at Delta have persisted longer than at most other carriers, with American Airlines reporting a return to near-normal operations by Saturday [2] - The current situation has placed Delta in an unusual spotlight, contrasting with its historical reputation for reliability and punctuality [2]

An Airbus A350-941 from Delta Air Lines is taking off from Barcelona airport in Barcelona, Spain, on ... [+] May 8, 2024. (Photo by JanValls/Urbanandsport /NurPhoto via Getty Images)NurPhoto via Getty ImagesDelta (NYSE: DAL) reported its Q2 results last week, with revenues aligning and earnings exceeding our estimates. The company reported adjusted revenue of $15.45 billion and earnings of $2.36 on a per share and adjusted basis, compared to our estimates of $15.45 billion and $2.32, respectively. In this n ...

Boarding1Now/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) kicked off earnings season for airlines earlier this week. The stock fell after reporting second quarter earnings, and given that I have a buy rating from April on Delta stock that saw a 16% return, that is of course somewhat disappointing. In this report, I will be analyzing the second quarter results and assessing my rating and price target. Delta Revenues Growth In Line With Seat Growth Delta Air Lines For the second quarter, ...

Group 1 - Delta Air Lines issued a public apology for a social media post perceived as anti-Palestinian, which incorrectly equated the Palestinian flag with Hamas [1][2] - The airline stated that the comment made by an employee was not in line with its values and mission, and the employee has been counseled and removed from supporting Delta's social channels [1][2] - Following the incident, Delta announced that only US flag pins would be permitted on its uniforms starting Monday [2][4] Group 2 - The Council on American-Islamic Relations (CAIR) criticized the incident as an example of anti-Palestinian racism and emphasized the importance of recognizing the Palestinian flag as a symbol of national aspirations for over 7 million Palestinians [2][4] - Delta employees advocating for unionization are demanding a public apology from the airline's leadership and confirmation that flags representing different nations are allowed per policy [4]

Undervalued Stocks Overview - Undervalued stocks with strong fundamentals and sizable dividends can be expected to rise as the market discovers their potential [1] - Long-term investment success often depends on uncovering and holding these hidden gems [1] - Despite the stock market being at an all-time high, there are still bargains to be found [1] Delta Air Lines (DAL) - Delta Air Lines stock fell 7% after Q2 earnings due to forward guidance missing Wall Street expectations [2] - The stock is down 10% over the last 12 months and trading 30% below pre-pandemic levels [2] - Delta is trading at just five times future earnings estimates and pays a quarterly dividend of 15 cents per share [2] - Corporate travel continues to recover from pandemic lows and is expected to rise further [3] General Motors (GM) - General Motors stock has gained 33% this year but is still trading at a price-earnings ratio of five times future earnings estimates [4] - The company reported its best quarterly sales in nearly four years, driven by a 40% increase in EV sales [5] - GM announced a $6 billion stock buyback program and increased its quarterly dividend by 33% to 12 cents per share [5] United Parcel Service (UPS) - UPS stock has declined 25% in the last 12 months and is trading at 20 times future earnings [6] - The company pays a dividend of $1.63 per share, yielding 4.72% [6] - UPS has become the primary air cargo provider for the U.S. Postal Service, replacing FedEx, and sold its third-party logistics business for $1 billion [6]

Oleksandr Sytnyk/iStock via Getty Images Investment Thesis The last time I talked about Delta Air Lines (NYSE: NYSE:DAL), I discussed the company’s FY23 fourth quarter results and argued why a combination of a resurgence in international travel andstrong demand for the airline’s premium products supports its long-term growth story. I had a BUY rating on the stock. Since my article was published in February 2024, the stock has gained 8.45%, underperforming the S&P 500, which gained 13.2% during the same p ...

Business travel at Delta Air Lines is surging, exceeding expectations with “mid-teens” growth, according to a Thursday (July 11) Q2 earnings transcript.Delta President Glen Hauenstein said during the call that Delta benefited from double-digit volume growth in this high-value segment with broad demand and growth across all sectors. He noted that the company’s premium tier continued to perform (10% year-over-year increase) admirably and helped differentiate the airline’s results.“We have runway ahead as we c ...

CNBC's Jim Cramer shared his assessment of Delta Air Lines stock, which reported a revenue miss on Thursday. He said investors should understand that there is a difference between Delta as a stock and Delta as a company."In recent years, we've convinced ourselves that the airline industry has discipline on pricing, but historically, that's not usually the case, and now there's a skunk at the garden party," he said. "Delta the company is terrific. Delta the airline stock is only as good as the weakest compet ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-5424 DELTA AIR LINES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification N ...

It’s now earnings season once again, and investors are certainly taking a cautious tone with certain groups of stocks today. Besides tech stocks, which are having a very negative day with the Nasdaq down a whopping 1.7% this afternoon, airline stocks are also seeing marked declines in today’s session.Shares of Delta Airlines (NYSE:DAL), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL) are down between 4% and 6% at the time of writing, as Delta was the first of the major carriers to announce ...