Delta Air Lines (DAL) intends to launch its first-ever nonstop service from Salt Lake City International Airport to Seoul-Incheon International Airport on June 12, 2025. This will be the sole direct flight linking Salt Lake City to Asia. Once the route becomes operational, it will provide seamless connections to key destinations across Asia for travelers throughout the Mountain West and Southwest regions in the United States. The route, after being launched, will be Delta’s fifth direct U.S. route to Seoul. ...

The third-quarter 2024 earnings cycle is scheduled to start shortly for players in the Zacks Airline industry, with Atlanta, GA-based airline heavyweight Delta Air Lines (DAL) slated to release its results on Oct. 10, 2024, before market open. Airlines are expected to perform well in the September quarter, driven by increased passenger volumes and declining fuel costs.Upbeat passenger volumes have always been acting as a tailwind. Higher bookings contribute to the airlines’ top-line performance. While air t ...

An airline stock, a workflow technology stock, and a housing materials stock make up a list of great value stocks to buy now.While the market isn't looking particularly cheap right now, you can inevitably find pockets of value. Delta Air Lines (DAL 1.99%), positioning and workflow-technology company Trimble (TRMB 1.02%), and building-materials company Owens Corning (OC -2.36%) fit the bill. Here's why.Delta Air Lines is the pick of the airline stocksWhether you are looking at its price-to-earnings (P/E) rat ...

In the latest trading session, Delta Air Lines (DAL) closed at $47.80, marking a +1.36% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.25%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.56%.Coming into today, shares of the airline had gained 15.08% in the past month. In that same time, the Transportation sector gained 2.16%, while the S&P 500 gained 1.65%.The upcoming earnings release of Delta Air Lines will be of great interest to inve ...

ATLANTA, Sept. 24, 2024 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its September quarter 2024 financial results at 10 a.m. EDT, Thursday, October 10, 2024.A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete.SOURCE Delta Air LinesWANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?440k+Newsrooms &Influencers9k+Digital MediaOutlets270k+JournalistsOpted InGET STARTED ...

Core Viewpoint - Delta Air Lines is experiencing strong air travel demand, which is positively impacting its revenue, but the company faces challenges with liquidity and rising operating expenses [1][5]. Group 1: Factors Favoring Delta - Delta's revenue is supported by increased passenger volumes, with an 8% year-over-year capacity increase in Q2 2024 and projected growth of 5% to 6% for the September quarter [2]. - Corporate travel demand is robust, with 90% of surveyed companies expecting stable or increased travel volumes in the upcoming quarter [2]. - The airline has expanded its fleet, delivering 11 new aircraft in Q2 2024, totaling 18 for the year, and has formed a strategic partnership with Riyadh Air to enhance connectivity [3]. Group 2: Shareholder Returns - Delta has increased its quarterly dividend by 50% to 15 cents per share, marking its first dividend increase since resuming payments post-COVID-19 [4]. - The stock has appreciated by 4.3% over the past six months, outperforming the industry average growth of 1.2% [4]. Group 3: Key Risks - Rising operating expenses, particularly labor costs, are negatively affecting Delta's profitability, with labor costs increasing by 10% year-over-year to $4 billion in Q2 2024 [5][6]. - Delta's current ratio stands at 0.40, indicating liquidity concerns as it suggests insufficient cash to meet short-term obligations [6].

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 ...