DAL stock has fallen nearly 40% in less than a month. Fears of bankruptcy are swirling. Travel bans are going to crush 2020 revenue and profits. Delta already has announced significant moves in response, but with DAL stock down 6.7% Monday, it’s clear those moves haven’t yet calmed investors.
Full Answer
When does Delta report earnings?
Oct 13, 2021 · Oct. 13, 2021, 11:13 AM. Delta Air Lines (NYSE: DAL) beat analyst expectations in the third quarter but warned it expects the last three months of the year to be weighed down by higher fuel costs.
How to buy Delta stock?
Oct 06, 2021 · Delta Air Lines' stock was trading about 3.2% lower at $43.32 per share on Wednesday at the time of publication. The stock has a 52 …
Why are airline stocks falling?
Feb 24, 2022 · Airline stocks drop after Russia attacks Ukraine but rebound from session lows. The major conflict adds to uncertainty brought by the coronavirus pandemic. Near-term dynamics of Delta Air Lines ...
What is Delta stock price?
Aug 30, 2021 · The recovery of business travel and international travel is likely postponed due to the surge of the Delta variant, and the stock needs stabilization on …
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Shares of Delta Air Lines ( DAL 2.89%) traded down more than 7% on Monday as investors continue to digest the impact of the COVID-19 pandemic on …
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Is Delta a buy or sell?
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Will Delta stock go up?
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What is the target price for Delta Airlines?
| High | $70.00 |
|---|---|
| Median | $54.00 |
| Low | $44.00 |
| Average | $54.26 |
| Current Price | $36.67 |
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Delta Air Lines Stock Falls As EU Is Reportedly Ready To Introduce Travel Restrictions On U.S. Travellers
Shares of Delta Air Lines found themselves under pressure after recent reports indicated that EU may reintroduce coronavirus-related travel restrictions on travellers from U.S.
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Things could get worse before they get better
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
Shares of Delta Air Lines ( NYSE:DAL) traded down more than 7% on Monday as investors continue to digest the impact of the COVID-19 pandemic on the industry. The airlines got their $50 billion government relief package last week, causing a multiday rally in the shares, but even with stimulus this industry still faces a challenging future.
So what
The airlines have been hard-hit by the pandemic, with travel demand grinding to a halt as the virus has spread globally. Delta said earlier this month that it is currently burning through $350 million a week and expects second-quarter revenue to fall 80% year over year.
Now what
The near-term outlook for the industry is dire, but Delta and Southwest Airlines are the two airlines best positioned to weather the storm, and Delta's shares have fallen significantly more than Southwest's have.
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Earnings were bad -- much worse than feared
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Delta Air Lines ( NYSE:DAL) plunged more than 5% in early trading on Tuesday before clawing their way back to about a 2.6% loss at the close, as the company reported Q2 earnings. Rivals United Airlines Holdings was almost even on the day, and American Airlines Group was down only a fraction of 1%, but neither company reported earnings.
So what
Good news first: Delta is making headway in extinguishing cash burn that approached $100 million a day in the early days of the pandemic. Management reports that it ended Q2 with $15.7 billion in liquidity that it can use to finance its operations until things return to normal. And it now looks like Delta is going to survive to reach that point.
Now what
That doesn't change the fact that Delta's earnings numbers were much worse than feared. Heading into earnings, analysts had predicted that the air travel giant would report pro forma, pre-tax losses of $4.12 per share. In fact, Delta lost $4.43 per share pro forma, and $9.01 on a GAAP. basis.
What to do if Delta stock doesn't get down to 50 day line?
If DAL stock doesn't get down to its 50-day line, watch for Delta stock to reclaim its 200-day line with conviction. That would be another buy signal
How much did Warren Buffett buy Delta?
According to a March 9, 2020, filing, Buffett's Berkshire Hathaway ( BRKA) bought more than 976,000 shares of Delta stock for about $45.3 million.
