Delta Air Lines (DAL) Tops Q4 EPS by 4c, Revenues Miss; Offers 1Q EPS Outlook Below Consensus

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Go back to Delta Air Lines (DAL) Tops Q4 EPS by 4c, Revenues Miss; Offers 1Q EPS Outlook Below Consensus

U.S. government shutdown holds up FAA approval of aircraft, routes

January 14, 2019 9:39 AM EST

By Tracy Rucinski and Allison Lampert

(Reuters) - Federal Aviation Administration (FAA) approval of aircraft such as Boeing's (NYSE: BA) MAX and new routes like Southwest Airline Co's (NYSE: LUV) Hawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations.

On Monday, Southwest Airlines (NYSE: LUV) said its plans to launch service to Hawaii early this year are on hold because the FAA groups that oversee the route authorization process are on furlough.

... More

BofA/Merrill Lynch Downgrades Delta Air Lines (DAL) to Neutral

January 14, 2019 6:08 AM EST

BofA/Merrill Lynch analyst Andrew Didora downgraded Delta Air Lines (NYSE: DAL) from Buy to Neutral with a price target of $51.00 (from $62.00).

The analyst cites a more balanced risk/reward offering for the downgrade.

For an analyst ratings summary and... More