57.16 +0.06 (0.10%)
Pre-market: 8:33AM EDT
|Bid||56.81 x 3200|
|Ask||57.16 x 1800|
|Day's range||56.40 - 57.55|
|52-week range||47.12 - 60.79|
|PE ratio (TTM)||11.88|
|Earnings date||9 Oct 2018 - 15 Oct 2018|
|Forward dividend & yield||1.40 (2.44%)|
|1y target est||68.20|
Delta Air Lines Inc.’s computer breakdowns are turning into an unwelcome, annual affair. The U.S. airline grounded all domestic flights Tuesday to deal with a technology issue that affected some of its systems. About an hour later, Delta said it had restored all its systems, allowing the services to resume.
Delta Air Lines Inc. said it has restored its systems, allowing U.S. flights to resume after an hour-long technology issue forced the carrier to ground domestic services. “Delta teams have restored all IT systems after a technology issue briefly affected some of our systems this evening,” the airline said in a statement Tuesday. The halt followed breakdowns in the past two years that have forced Delta to shut its operations during heavy travel periods.
A $30 fee for the first checked bag has quickly become the new U.S. airline industry standard for domestic and short-haul international travel.
Some regional carriers are doing better keeping their flights on time than industry behemoths such as American Airlines Group Inc. and Southwest Airlines Co., according to a first peek at new data compiled by federal regulators. A U.S. Department of Transportation report released Tuesday is the first to include details on regional carriers, a huge part of the airline industry that was absent from the department’s performance surveys for several decades. This year, more than half of domestic flights were on regional airlines or “branded codeshare partners” as DOT terms them, carrying about one quarter of U.S. air travelers.
Airline investors were a happy bunch last Friday given the rise across airline stocks. American Airlines (AAL) emerged as the top gainer with a 4% gain after announcing a hike in baggage fees. Other airline stocks also generated optimism. Delta Air Lines (DAL) gained 2.6%, followed by Southwest Airlines (LUV), which gained 2.0%. United Continental (UAL) gained 0.92%, while Alaska Air gained 0.47%. Spirit Airlines (SAVE) was the only loser during the day with a decline of ~0.39%.
Oil stocks rose along with the price of crude. Stock market small cap California Resources broke out of a cup-with-handle base.
United Continental's (UAL) expectations for the third quarter and the full year signal a huge uptick. Additionally, the company's efforts to counter rising fuel prices are encouraging.
The Shanghai is in a bear market, and the 4% weekly gain doesn't necessarily change that condition.
Shares of the biggest U.S. airline companies surged on Friday amid a turbulent period for the industry as rising fuel costs weigh on profits and investor confidence. The recent gains stem from a move that many of the airlines have made to help combat rising costs.
Following other industry players, American Airlines (AAL) raises baggage fees to counter high operating expenses, primarily arising from escalating fuel prices.
The country’s largest airline by passenger volume said beginning today it will start charging customers $30 for the first checked bag and $40 for the second checked bag for flights within the US, North America and the Caribbean. It had previously charged only $25 for the first bag and $35 for the second bag. The push for higher fees underscores the pressure the airline industry is under to generate more revenue from sources other than ticket sales.
I am going to run you through how I calculated the intrinsic value of Delta Air Lines Inc (NYSE:DAL) by estimating the company’s future cash flows and discounting them toRead More...
Delta Air Lines Inc.is deploying facial-recognition technology to replace passports and tickets at Atlanta’s airport in a test that could lead to more widespread use of biometric identification for flyers. The new system will be phased in on Oct. 15 at check-in kiosks, baggage-drop counters, security checkpoints and boarding lines for international flights in Terminal F of Hartsfield-Jackson Atlanta International Airport, Delta said Thursday.
ATLANTA (AP) — Delta Air Lines is joining two rivals in raising fees to check a bag on a flight within the United States.
Airbus left no stone unturned to win the 2017 order race against Boeing, and its efforts paid off extremely well. The aircraft maker booked 1,229 gross orders and 1,109 net orders for the year. Its A320 series had the most orders with it alone accounting for 1,054 net orders. The A350 series booked 36 orders and the A330 series booked 21 orders.
Delta Air Lines Inc. raised its fee for a first checked bag to $30, following in competitors’ footsteps as U.S. carriers expand efforts to offset stubbornly higher fuel prices. The $5 increase at the No. 2 airline means most U.S. travelers will pay $30 for a first piece of luggage and $40 for a second. United Continental Holdings Inc. and JetBlue Airways Corp. boosted the charges last month.
Due to increasing crude oil prices, Southwest Airlines (LUV) expects fuel costs to rise more in the third quarter. It expects a rise of $2.25 per gallon, which is slightly higher than $2.21 per gallon that it guided for after its second-quarter results. In the second quarter of 2017, the price of fuel was $1.99 per gallon.
In August, Southwest Airlines’ (LUV) traffic grew 1.3% YoY (year-over-year), which was lower than its capacity growth of 2% YoY for the month. Its traffic growth has been lagging capacity growth for the past five months. From January to March, its traffic growth exceeded capacity growth.
United Airlines has a more restrictive carry-on bag policy for basic economy ticket buyers than American Airlines and Delta Air Lines. Now, it also charges more for checked bags than either of its main rivals.
Delta hopes to sell a joint-venture interest in its oil refinery in order to create a better hedge against changes in jet fuel refining margins.
The week on Wall Street brought some interesting quarterly results, along with some notable IPOs, acquisitions, and investigations.