Delta Air Lines (DAL) PT Lowered to $77 at Imperial Capital Following Investor Day

Delta Air Lines (DAL) PT Raised to $66 at Deutsche Bank

December 14, 2018 5:00 AM EST

Deutsche Bank analyst Michael Linenberg raised the price target on Delta Air Lines (NYSE: DAL) to $66.00 (from $60.00) while maintaining a Buy rating.

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Delta Air Lines shares drop on weak revenue outlook

December 13, 2018 7:42 AM EST

By Tracy Rucinski and Sanjana Shivdas

(Reuters) - Shares in U.S. carrier Delta Air Lines Inc (NYSE: DAL) dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline's revenue growth in 2019 despite strong travel demand.

At its investor day, Atlanta-based Delta forecast a 4 to 6 percent rise in revenues, compared to an average 5.6 percent rise forecast by Refinitiv data.

The lower end of Delta's 2019 profit forecast of $6 to $7 per share also fell short of an average $6.70 forecast by... More

Delta Air Lines (DAL) FY19 EPS Misses Estimates by 20c at Mid-Point

December 13, 2018 7:32 AM EST

Leadership at Delta (NYSE: DAL) today will highlight its long-term business strategy and 2019 financial targets at the company's annual Investor Day.

"Delta is leading the way with our powerful brand and unmatched competitive advantages. In 2018, the Delta people have delivered another year of industry-leading financial results, sustained improvement in customer satisfaction and solid returns for our owners," said Ed Bastian, Delta's chief executive officer. "We have a bright future ahead and are confident in our plan for double-digit earnings growth in 2019 of $6 to $7 per share with both top-line growth and margin... More

Delta Air Lines (DAL) option implied volatility elevated into investor meeting

December 13, 2018 6:42 AM EST

Delta Air Lines (NYSE: DAL) December call option implied volatility is at 42, January is at 33; compared to its 52-week range of 20 to 44 into a company hosted investor meeting today.

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United Airlines CEO doubles down on growth strategy as stock rides tailwind

December 12, 2018 3:30 PM EST

By Tracy Rucinski

CHICAGO (Reuters) - With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.

The No. 3 U.S. air carrier is forging ahead with a strategy to boost its flight network by another 4 percent to 6 percent next year after an estimated 5 percent network growth in 2018, Munoz, CEO of United Airlines since 2015, said on Wednesday.

The growth plan has allowed United to claw back market share in a competitive U.S. airline sector and boost its profitability.... More

Norfolk Southern moves headquarters to Atlanta

December 12, 2018 2:49 PM EST

(Reuters) - Norfolk Southern Corp (NYSE: NSC) said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation.

The fourth-largest U.S. railroad joins United Parcel Services (NYSE:... More

United Airlines to add international routes from San Francisco

December 12, 2018 12:20 PM EST

(Reuters) - United Continental Holdings Inc (NASDAQ: UAL) said on Wednesday it would add flights to New Delhi, Toronto and Melbourne from San Francisco, as the No. 3 U.S. airline looks to tap higher-paying international routes.

The airline also plans to start a second daily flight... More