Delta Air Lines (DAL) Conference Presentation Confirms Bookings At Pre-Covid Levels - Jefferies

Jefferies analyst Sheila Kahyaoglu reiterated a Buy rating and $60.00 price target on Delta Air Lines (NYSE: DAL) after hosting Mahendra Nair, SVP of Fleet and TechOps Supply Chain, and Ken Morge, SVP and Treasurer at the Jeffries Airline Summit. Key takeaways include:

1) Fleet retirements accelerated a long-term fleet simplification process

2) DAL largely feels they can continue to differentiate themselves through the customer experience

3) Domestic booking curve largely back to normal w/ corporate to return in September

The analyst stated "Booking Curve Domestically Largely Has Returned to Pre-COVID Levels. A few months ago, DAL's booking curve was extremely short in the two to three weeks range. Domestic booking curves have largely returned to pre-COVID levels, with some lengthening as corporate travel has gone away, which is very short-term."

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 $45.77 yesterday.

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