Citi Comments on Delta Air Lines (DAL)

Midday movers: JPMorgan, Bank of America, Exxon, Tesla and more

January 12, 2024 7:50 AM EST

(Updated - January 12, 2024 11:47 AM EST)

Investing.com -- Main U.S. indexes were lower Friday as investors digested earnings from a number of major banks and more inflation data.

Here are some of the biggest U.S. stock movers today:

JPMorgan Chase (NYSE: JPM) stock rose 2% on the open after the lender reported record full-year profit, benefiting from rising interest rates, despite a 15% fall in net income in the final quarter. Gains dwindled throughout the morning and the stock was flat midday.

Bank of America (NYSE:... More

United (UAL), Other Airlines Lower Following Results From Delta Air Lines (DAL)

January 12, 2024 7:06 AM EST

United (NASDAQ: UAL), Other Airlines Lower Following Results From Delta Air Lines (NYSE: DAL)

Delta -5.5%United Airlines -4%American Airlines (NASDAQ: AAL) -4%Southwest Airlines (NYSE: LUV) -2.5%
... More

Airline stocks fall on Delta's 'conservative' EPS guidance; Morgan Stanley remains optimistic

January 12, 2024 6:47 AM EST

(Updated - January 12, 2024 8:03 AM EST)

Delta Air Lines (NYSE: DAL) stock dropped more than 5% in early Friday trade after the company offered a full-year profit outlook that was below its prior targets.

Delta sees adjusted earnings per share for 2024 in a range from $6 to $7. The estimate falls within the consensus estimate of $6.56.

At its Investor Day in 2023, Delta said it was looking for FY24 EPS to exceed $7. The management noted that the lower capacity for the year has led to higher costs.

Following the... More

Delta cuts 2024 profit outlook on higher costs, economic risks; shares fall

January 12, 2024 6:37 AM EST

By Rajesh Kumar Singh

CHICAGO (Reuters) -Delta Air Lines on Friday scaled down its profit outlook for the current year, citing higher costs, supply chain issues and macroeconomic uncertainties.

The company's shares fell more than 8% shortly after midday, dragging down the broader the NYSE Arca Airline index.

The Atlanta-based carrier now expects an adjusted per-share profit of $6 to $7 this year, compared with its previous target of more than $7 first outlined in 2021.

The 2024 estimate compares with analysts' expectations of $6.50 according to LSEG data.

The company said it had not anticipated the run-up in wage... More

Delta Air Lines (DAL) Tops Q4 EPS by 12c

January 12, 2024 6:31 AM EST

Delta Air Lines (NYSE: DAL) reported Q4 EPS of $1.28, $0.12 better than the analyst estimate of $1.16. Revenue for the quarter came in at $13.7 billion versus the consensus estimate of $13.56 billion.

GUIDANCE:

Delta Air Lines sees FY2024 EPS of $6.00-$7.00, versus the... More

Delta Air Lines (DAL) call put ratio 2 calls to 1 put into quarter results and outlook

January 11, 2024 10:48 AM EST

Delta Air Lines (NYSE: DAL) January weekly call option implied volatility is at 89, January is at 44; compared to its 52-week range of 25 to 48 into the expected release of quarter results before the bell on January 12.

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Delta Air Lines (DAL) PT Raised to $51 at Wolfe Research

January 11, 2024 4:59 AM EST

Wolfe Research analyst Scott Group raised the price target on Delta Air Lines (NYSE: DAL) to $51.00 (from $45.00) while maintaining a Outperform rating.... More

Delta Air Lines (DAL) January weekly 42.50 straddle priced into quarter results

January 11, 2024 4:48 AM EST

Delta Air Lines (NYSE: DAL) January weekly 42.50 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on January 12.

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Delta Air Lines (DAL) January weekly option implied volatility into the expected release of quarter results

January 10, 2024 10:50 AM EST

Delta Air Lines (NYSE: DAL) January weekly call option implied volatility is at 66, January is at 44; compared to its 52-week range of 25 to 48 into the expected release of quarter results before the bell on January 12.

... More

Delta Air Lines (DAL) PT Raised to $50 at Susquehanna

January 10, 2024 8:56 AM EST

Susquehanna analyst Christopher Stathoulopoulos raised the price target on Delta Air Lines (NYSE: DAL) to $50.00 (from $43.00) while maintaining a Positive rating.... More