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Delta Air Lines (DAL) Stock Price, News & Analysis

$46.66
+0.01 (+0.02%)
(As of 03:39 PM ET)
Today's Range
$45.64
$46.74
50-Day Range
$40.02
$48.22
52-Week Range
$30.60
$49.81
Volume
8.80 million shs
Average Volume
10.80 million shs
Market Capitalization
$30.11 billion
P/E Ratio
6.00
Dividend Yield
0.86%
Price Target
$58.29

Delta Air Lines MarketRank™ Stock Analysis

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
25.0% Upside
$58.29 Price Target
Short Interest
Healthy
2.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.50
Upright™ Environmental Score
News Sentiment
0.68mentions of Delta Air Lines in the last 14 days
Based on 96 Articles This Week
Insider Trading
Selling Shares
$2.82 M Sold Last Quarter
Proj. Earnings Growth
16.72%
From $6.52 to $7.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Transportation Sector

6th out of 114 stocks

Air Transportation, Scheduled Industry

4th out of 18 stocks

DAL stock logo

About Delta Air Lines Stock (NYSE:DAL)

Delta Air Lines Inc. is a major airline providing domestic and international air travel services. Based in Atlanta, Georgia, Delta is one of the largest airlines in the world, operating a fleet of over 900 aircraft that serves more than 325 destinations across six continents. Delta has a long history in the airline industry. It is known for its exceptional customer service, operational reliability and industry-leading innovation.

As of the end of the fourth quarter of 2022, Delta Air Lines Inc. had a market capitalization of $24.5 billion, with over 720 million outstanding shares. The company has a strong financial position, with total revenue for the full year 2022 reaching $38.6 billion, an increase of 20% compared to the previous year. Delta's net income for the same period was $2.7 billion, up from $1.2 billion in 2021.

Delta's strong financial performance comes from several factors, including its strategic focus on customer service, operational efficiency and technological innovation. The company has invested heavily in its fleet and infrastructure and is committed to delivering passengers a safe and comfortable travel experience. Delta has also made significant investments in technology, such as its Fly Delta app and biometric boarding, which have helped to streamline the travel experience and improve customer satisfaction.

Delta is also committed to sustainable business practices, focusing on reducing its environmental impact. The company has set ambitious goals to reduce carbon emissions by 50% by 2050 and has invested in fuel-efficient aircraft and sustainable aviation fuel. In addition, Delta has a comprehensive recycling program and has implemented measures to reduce waste in its operations.

Delta's strong brand recognition, customer loyalty and strategic partnerships support its competitive position in the airline industry. The company has alliances with several international airlines, such as Air France-KLM and Virgin Atlantic, enabling it to provide its customers with seamless travel experiences. Delta also has a strong presence in key markets, such as New York, Atlanta and Los Angeles, which have helped to drive its growth and profitability.

Delta also faces significant challenges in the airline industry, including intense competition from other major airlines and the ongoing impact of the COVID-19 pandemic. The pandemic severely impacted the airline industry, with reduced demand for air travel and significant disruptions to operations. Delta responded to these challenges by implementing cost-cutting measures, such as reducing its workforce, retiring older aircraft and focusing on its core customer service and operational efficiency strengths.

DAL Stock Price History

DAL Stock News Headlines

MarketBeat Week in Review – 4/8 - 4/12 (DAL)
The latest inflation readings moved stocks lower as investors reconsidered what higher-for-longer interest rates mean for corporate earnings and stock valuation
Delta Air Lines Stock Should Take Flight After Solid Report
Despite persistently high demand, rapidly improving internal economics and record profits, Delta Air Lines NYSE: DAL stock has struggled to gain traction. The company's efforts are reducing debt and lowering the leverage ratio, and has it on track to regain investment-quality debt ratings.
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Delta Air Lines Stock Should Take Flight After Solid Report
Delta Airlines is an undervalued stock, making significant progress with business improvement while setting record quarterly results and guiding higher.
Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
Delta Air Lines is reporting a small profit and says travel demand is strong heading into summer
Delta Airline's Put Option Activity Isn't Bad News
When traders place directional bets on a stock (meaning they are definitely bullish or bearish), they can amplify their returns through options. Options allow for responsible leverage-taking when the timing and magnitude of a stock's move are relatively certain.
Delta Airline’s Put Option Activity Isn’t Bad News (DAL)
Put option volume for Delta Airlines stock may not have the typically bearish implications from traders this time. The stock is head and shoulders above peers
A Delta flight was cut short after a panel behind one of the engines fell off during takeoff
A Delta flight over the weekend was cut short after a panel behind one of the engines fell off the plane
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3 Airline Stocks to Buy Now: Q2 Edition
Is Delta Air Lines Stock a Buy?
Delta Air Lines (NYSE:DAL) Rating Reiterated by Morgan Stanley
See More Headlines
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Company Calendar

Ex-Dividend for 3/18 Dividend
2/23/2024
Dividend Payable
3/18/2024
Last Earnings
4/11/2024
Today
4/16/2024
Next Earnings (Estimated)
7/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
24736170
Employees
100,000
Year Founded
1925

Price Target and Rating

Average Stock Price Target
$58.29
High Stock Price Target
$85.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+24.9%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Net Income
$4.61 billion
Pretax Margin
10.56%

Debt

Sales & Book Value

Annual Sales
$58.05 billion
Cash Flow
$9.84 per share
Book Value
$17.26 per share

Miscellaneous

Free Float
639,569,000
Market Cap
$30.10 billion
Optionable
Optionable
Beta
1.43

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Should I Buy Delta Air Lines Stock? DAL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Delta Air Lines, Inc.:

  • Delta Air Lines, Inc. has a strong domestic and international network with core hubs in major cities, providing a wide reach for passenger and cargo transportation.
  • The company operates through two segments, Airline and Refinery, diversifying its revenue streams and potentially reducing risk.
  • Delta Air Lines, Inc. offers various distribution channels for ticket sales, including online platforms like delta.com and the Fly Delta app, enhancing customer accessibility.
  • With a fleet of approximately 1,273 aircraft, Delta Air Lines, Inc. has a significant presence in the air transportation industry, potentially indicating stability and growth opportunities.
  • Investors may find Delta Air Lines, Inc. attractive due to its provision of aircraft maintenance and engineering support services, adding value beyond traditional airline operations.

Cons

Investors should be bearish about investing in Delta Air Lines, Inc. for these reasons:

  • Delta Air Lines, Inc. is subject to the inherent risks of the airline industry, including fuel price fluctuations, regulatory changes, and economic downturns, which can impact profitability.
  • Market competition in the air transportation sector is intense, potentially leading to pricing pressures and reduced margins for Delta Air Lines, Inc.
  • External factors such as geopolitical events, natural disasters, and public health crises can significantly disrupt airline operations and financial performance.
  • Investors should consider the current stock price of Delta Air Lines, Inc. and evaluate whether it aligns with their investment goals and risk tolerance.
  • Fluctuations in passenger demand, particularly during uncertain times, can pose challenges to Delta Air Lines, Inc.'s revenue generation and operational efficiency.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Delta Air Lines pros and cons to contact@marketbeat.com.

DAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Delta Air Lines stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" DAL shares.
View DAL analyst ratings
or view top-rated stocks.

What is Delta Air Lines' stock price target for 2024?

11 Wall Street analysts have issued twelve-month price objectives for Delta Air Lines' stock. Their DAL share price targets range from $50.00 to $85.00. On average, they predict the company's share price to reach $58.29 in the next twelve months. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for DAL
or view top-rated stocks among Wall Street analysts.

How have DAL shares performed in 2024?

Delta Air Lines' stock was trading at $40.23 on January 1st, 2024. Since then, DAL stock has increased by 15.9% and is now trading at $46.62.
View the best growth stocks for 2024 here
.

Are investors shorting Delta Air Lines?

Delta Air Lines saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 17,690,000 shares, an increase of 9.9% from the March 15th total of 16,100,000 shares. Based on an average daily volume of 10,340,000 shares, the days-to-cover ratio is currently 1.7 days.
View Delta Air Lines' Short Interest
.

When is Delta Air Lines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our DAL earnings forecast
.

How were Delta Air Lines' earnings last quarter?

Delta Air Lines, Inc. (NYSE:DAL) released its quarterly earnings data on Thursday, April, 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The transportation company had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a trailing twelve-month return on equity of 41.89%. The firm's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.
Read the conference call transcript
.

How often does Delta Air Lines pay dividends? What is the dividend yield for Delta Air Lines?

Delta Air Lines announced a quarterly dividend on Thursday, February 8th. Investors of record on Monday, February 26th will be paid a dividend of $0.10 per share on Monday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, February 23rd.
Read our dividend analysis for DAL
.

Is Delta Air Lines a good dividend stock?

Delta Air Lines (NYSE:DAL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.85%. The dividend payout ratio is 5.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAL will have a dividend payout ratio of 5.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DAL.

What guidance has Delta Air Lines issued on next quarter's earnings?

Delta Air Lines issued an update on its FY24 earnings guidance on Wednesday, April, 10th. The company provided earnings per share guidance of $6.00-7.00 for the period, compared to the consensus earnings per share estimate of $6.45.

What is Ed Bastian's approval rating as Delta Air Lines' CEO?

1,256 employees have rated Delta Air Lines Chief Executive Officer Ed Bastian on Glassdoor.com. Ed Bastian has an approval rating of 95% among the company's employees. This puts Ed Bastian in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Delta Air Lines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Delta Air Lines investors own include Boeing (BA), Walt Disney (DIS), Bank of America (BAC), NVIDIA (NVDA), Southwest Airlines (LUV), American Airlines Group (AAL), Tesla (TSLA), AT&T (T), JPMorgan Chase & Co. (JPM) and Micron Technology (MU).

Who are Delta Air Lines' major shareholders?

Delta Air Lines' stock is owned by a number of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.37%), KMG Fiduciary Partners LLC (0.02%), Kwmg LLC (0.02%), Anderson Hoagland & Co. (0.01%), Foster Group Inc. (0.01%) and Alaska Permanent Fund Corp (0.01%). Insiders that own company stock include David S Taylor, Edward H Bastian, Francis S Blake, Francis S Blake, Glen W Hauenstein, Greg Creed, Joanne D Smith, Michael P Huerta, Peter W Carter, Rahul D Samant, Steven M Sear and William C Carroll.
View institutional ownership trends
.

How do I buy shares of Delta Air Lines?

Shares of DAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Delta Air Lines have any subsidiaries?
The following companies are subsidiares of Delta Air Lines: Aero Assurance Ltd., DAL Global Technology Hub LLP, Delta Flight Products LLC, Delta Material Services LLC, Delta Professional Services LLC, Delta Vacations LLC, Endeavor Air Inc., Epsilon Trading LLC, Grupo Aeroméxico S.A.B. de C.V., MIPC LLC, Monroe Energy LLC, New Sky Ltd., Northwest Airlines Corporation, SkyMiles Holdings Ltd., SkyMiles IP Finance Ltd., SkyMiles IP Holdings Ltd., SkyMiles IP Ltd., and Virgin Atlantic Airways.
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This page (NYSE:DAL) was last updated on 4/16/2024 by MarketBeat.com Staff

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