Delta Air Lines (DAL) has experienced both peaks and troughs recently. The company reported global IT outage, leading to 600+ flight cancellations, nonetheless, its stock still warrants a buy according to Q2 earnings review. Despite pausing its global flight schedule, and experiencing flight glut leading to decreased fares, there’s optimism for DAL’s stock. It saw an upgrade from Fitch, but suffered from rising capacity hurting profits per passenger. Q2 earnings lagged estimates, inviting some bearish outlooks on the stock, compounded by some other headwinds. However, there are also reasons for bullishness - investors were cheered with dividend payouts, the company enjoyed 'healthy' travel demand as reported in Q2 earnings, and there is a prediction of a rise up to $72.80 per stock. Despite a lackluster Q3 outlook after earnings and dipping stock amid market gains, the CEO credited stellar performance in Q2 results. DAL is seen as a top long-term value stock, and institutional investors hold a significant percentage of the stock. The company declared quarterly dividends and reported record Q2 revenue and EPS. With a mixed bag of performances, we could expect more from DAL for the remainder of the year.
Delta Air Lines DAL News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Sun, 21 Jul 2024 19:37:38 GMT -
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