Delta Air Lines Announces March Quarter 2024 Financial Results

Delta Air Lines (DAL) PT Raised to $60 at Wolfe Research

Wolfe Research analyst Scott Group raised the price target on Delta Air Lines (NYSE: DAL) to $60.00 (from $57.00) while maintaining a Outperform rating.

The analyst comments "Our Airline index is tracking up 0.2% this week, underperforming the S&P 500 by 80bp and our Transports index by 30bp. Our Airline index is now down 2% YTD, underperforming the S&P 500 (+9%) and our Transports index (+6.3%). However, DAL is up 18% YTD, materially... More

Delta Air Lines (DAL) PT Raised to $55 at Argus

Argus analyst John Staszak raised the price target on Delta Air Lines (NYSE: DAL) to $55.00 (from $39.00) while maintaining a Buy rating.

The analyst comments " We are maintaining our BUY rating on Delta Air Lines Inc. (NYSE:... More

Delta Air Lines (DAL) PT Raised to $60 at Deutsche Bank

Deutsche Bank analyst Michael Linenberg raised the price target on Delta Air Lines (NYSE: DAL) to $60.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Following March quarter results and incorporating the June quarter outlook, our confidence in Delta's ability to... More

Delta Air Lines (DAL) PT Raised to $55 at BofA Securities

BofA Securities analyst Andrew Didora raised the price target on Delta Air Lines (NYSE: DAL) to $55.00 (from $53.00) while maintaining a Buy rating.

The analyst comments "DAL reported 1Q24 EPS at the high end of the guided range and initiated 2Q24 EPS guidance of... More

Melius on Delta Air Lines (DAL): 'margins are already industry-leading and will likely improve'

Melius analyst Conor Cunningham reiterated a Buy rating and $56.00 price target on Delta Air Lines (NYSE: DAL).

The analyst comments "Bottom line there has been growing optimism towards US airlines given the expectation for capacity growth to moderate in 2H and an industry... More

Morgan Stanley Keeps $85 PT on Delta Air Lines (DAL) Post Earnings, 'We believe this result will be well received by the market'

Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating and $85.00 price target on Delta Air Lines (NYSE: DAL).

The analyst comments "We believe this result will be well received by the market. Investors were likely bracing for a more conservative guide with the... More

Delta Air Lines (DAL) tops quarterly expectations, expects record June quarter revenue

(Updated - April 10, 2024 9:03 AM EDT)

Delta Air Lines (NYSE: DAL) reported first-quarter earnings that surpassed Wall Street expectations, buoyed by strong demand and operational performance. The company's shares climbed 4.56% as it also projected record revenue for the upcoming June quarter.

For the first quarter, Delta posted adjusted earnings per share (EPS) of $0.45, exceeding the analyst consensus of $0.34. The company's revenue reached $12.6 billion, outpacing the expected $12.46 billion and marking a 6% increase from the same quarter last year. This top-line growth is attributed to Delta's leading operational reliability and strong demand trends, which... More

Delta Air Lines (DAL) Tops Q1 EPS by 11c

Delta Air Lines (NYSE: DAL) reported Q1 EPS of $0.45, $0.11 better than the analyst estimate of $0.34. Revenue for the quarter came in at $12.6 billion versus the consensus estimate of $12.46 billion.

GUIDANCE:

Delta Air Lines sees Q2 2024 EPS of $2.20-$2.50, versus... More