Barclays Lowers Estimates on Delta Air Lines (DAL); Fuel Hedge Loss Adds to Caution

June 27, 2012 12:51 PM EDT Send to a Friend
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Price: $43.09 -1.98%

Rating Summary:
    16 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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Barclays maintains an 'Overweight' on Delta Air Lines (NYSE: DAL) price target of $15.00.

Analyst, David E. Fintzen, said that despite the fuel hedging loss being announced, revenue read-through should be encouraging. However, Fintzen lowers Q2 EPS estimate from $0.85 to $0.70, FY12 EPS from $2.45 to $2.15, but maintains FY13 at $3.25.

In conclusion, he said, "We've modeled softening revenue trends in our 2H estimates not because we see weakening (we think trends are sequentially stronger), but rather to prudently incorporate what appear to be growing risks to the economy."

For an analyst ratings summary and ratings history on Delta Air Lines click here. For more ratings news on Delta Air Lines click here.

Shares of Delta Air Lines closed at $11.14 yesterday.


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