达美航空(DAL)
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Will Delta Air Lines Stock See Higher Levels After An Upbeat Q2?
Forbes· 2024-07-19 20:00
An Airbus A350-941 from Delta Air Lines is taking off from Barcelona airport in Barcelona, Spain, on ... [+] May 8, 2024. (Photo by JanValls/Urbanandsport /NurPhoto via Getty Images)NurPhoto via Getty ImagesDelta (NYSE: DAL) reported its Q2 results last week, with revenues aligning and earnings exceeding our estimates. The company reported adjusted revenue of $15.45 billion and earnings of $2.36 on a per share and adjusted basis, compared to our estimates of $15.45 billion and $2.32, respectively. In this n ...
Why Did Delta Air Lines Stock Fall?
Seeking Alpha· 2024-07-15 21:19
Boarding1Now/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) kicked off earnings season for airlines earlier this week. The stock fell after reporting second quarter earnings, and given that I have a buy rating from April on Delta stock that saw a 16% return, that is of course somewhat disappointing. In this report, I will be analyzing the second quarter results and assessing my rating and price target. Delta Revenues Growth In Line With Seat Growth Delta Air Lines For the second quarter, ...
Delta removes employee from social media position and changes dress code after X post calling Palestinian flag terrifying
Business Insider· 2024-07-14 01:15
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDelta Air Lines has issued a public apology for a perceived anti-Palestinian social media post.Earlier this ...
The 3 Most Undervalued Sleeper Stocks to Buy in July 2024
Investor Place· 2024-07-14 00:00
文章核心观点 - 文章介绍了3只被认为是目前市场上最被低估的"隐藏股票"[1][2] - 这些股票目前估值较低,但基本面良好,有望随着市场逐步发现而上涨[1][2] - 这些股票同时还支付较高的股息,对于长期投资者来说是不错的选择[1] 行业总结 航空业 - 达美航空(DAL)股价目前较疫情前低约30%,估值仅为未来5倍收益[5] - 公司二季度业绩超预期,第三季度营收有望创纪录,企业商务旅行持续复苏[4][6] 汽车制造业 - 通用汽车(GM)股价今年已涨33%,但仍只有5倍未来收益估值,估值较低[8] - 公司二季度销量创近4年新高,电动车销量增40%,并宣布增加股票回购和派息[9] 物流运输业 - 联合包裹服务(UPS)股价过去一年下跌25%,目前仅有20倍未来收益估值[11] - 公司获得美国邮政的主要空运合同,同时出售了第三方物流业务[12]
Delta Air Lines: Multiple Headwinds Call Growth Story Into Question
Seeking Alpha· 2024-07-13 22:10
文章核心观点 - 尽管公司的核心客户群体健康,且高端产品需求持续强劲,但公司在第二季度表现不佳,未能达到收入和利润预期 [2][3] - 行业整体座位供给过剩,导致主舱客票收益下降,加上燃油成本上升,对公司利润产生不利影响 [4] - 公司的高端化策略和多元化收入来源在一定程度上缓解了行业挑战,但未能完全抵消公司业绩下滑 [5] 根据目录分别总结 第二季度亮点 - 第二季度总收入166.7亿美元,超出分析师预期9.539亿美元,但剔除第三方炼油厂销售收入后的经营收入为154亿美元,同比下降1.2%,未达预期 [3] - 非GAAP每股收益2.36美元,同比下降12%,未达预期 [3] - 经营现金流同比下降7%,但自由现金流同比增长16%,主要由于资本支出大幅下降23% [3] - 经营利润率下降至14.7%,同比下降14% [3] - 第三季度收入增长预期2%-4%,经营利润率预期11%-13%,非GAAP每股收益预期1.70-2.00美元,低于分析师预期2.05美元 [3] - 全年非GAAP每股收益预期6-7美元,自由现金流预期30-40亿美元 [3] 需求和供给分析 - 乘客需求保持强劲,但座位供给增长超过需求增长,导致主舱客票收益下降 [4] - 燃油成本同比上升11.9%,加上较少的折扣优惠,对利润产生不利影响 [4] - 低成本航空公司"少飞机多座位"策略导致的座位过剩预计将在8月前得到缓解 [4] - 公司高端产品需求强劲,但无法完全抵消商务旅行需求下降的影响 [4] - 波音和空客供应链问题导致新飞机交付延迟,对公司燃油效率提升计划产生不利影响 [4] 收入多元化表现 - 高端产品、忠诚度计划和货运等业务收入占比达56%,帮助公司在当前挑战中保持相对优势 [5] - 高端产品收入同比增长10%,客座率维持在85%以上,票价是经济舱的两倍以上 [5] - 忠诚度计划收入同比增长8%,近30%的活跃会员使用Delta联名信用卡 [5] - 货运收入同比增长16% [5] 估值分析 - 目前公司市盈率6.8倍,略低于行业中位数6.95倍,但高于美国航空和联合航空 [6] - 考虑到行业挑战,预计公司2024财年每股收益为6美元,2025财年为6.47美元 [6][7] - 以6.5倍市盈率计算,得出目标价42美元,较当前价格下跌6.6%,建议暂时获利了结,新投资者暂时回避 [7] 风险因素 - 地缘政治风险和欧元区经济疲软可能影响跨大西洋航线需求 [8] - 日元升值可能抑制日本旅游需求增长 [8]
Delta Airlines Q2 Earnings: Business Travel Continues to Surge
PYMNTS.com· 2024-07-13 06:43
Business travel at Delta Air Lines is surging, exceeding expectations with “mid-teens” growth, according to a Thursday (July 11) Q2 earnings transcript.Delta President Glen Hauenstein said during the call that Delta benefited from double-digit volume growth in this high-value segment with broad demand and growth across all sectors. He noted that the company’s premium tier continued to perform (10% year-over-year increase) admirably and helped differentiate the airline’s results.“We have runway ahead as we c ...
Jim Cramer on Delta: There's a difference between the stock and the company
CNBC· 2024-07-12 06:32
文章核心观点 - 美国航空公司达美航空(Delta Air Lines)第二季度营收未达预期,但公司业务表现良好 [1][3] - 行业内价格竞争激烈,导致达美航空股价表现不佳 [2][4][5][6][7] 公司总结 - 达美航空第二季度营收为154.1亿美元,低于市场预期的154.5亿美元 [3] - 公司CEO表示,夏季旅客量同比增长7% [3] - 但国内航线座位容量增加,影响了客舱收益率 [4] 行业总结 - 近年来航空业定价纪律松懈,行业内价格战激烈 [2] - 达美航空作为行业龙头,其股价表现也受到行业整体表现的拖累 [6][7] - 分析师认为,投资者在选择航空股时,需要综合考虑整个行业的表现 [7]
Delta(DAL) - 2024 Q2 - Quarterly Report
2024-07-12 04:38
营收情况 - 2024年6月季度运营收入为23亿美元,较2023年6月季度减少2.24亿美元[118] - 总收入较2023年6月季度增加11亿美元,增长7%,主要由于运营表现强劲导致容量增加8%。客运收入增长5%,主要受到旅行需求增强的影响[119] - 2024年上半年,公司总营收为304.06亿美元,同比增长7%[146] 成本情况 - 2024年6月季度总运营费用增加13亿美元,增长10%,主要由于员工成本增加、燃料费用上升和与更高容量相关的成本增加[120] - 每可用座英里的总运营成本(CASM)较2023年6月季度增加2%。非燃油单位成本(CASM-Ex)增长0.6%,主要由于员工成本增加[121] - 2024年6月30日,调整后的运营费用为131.38亿美元,较2023年同期的121.19亿美元增长[203] - 2024年6月30日,调整后的燃料费用为2811万美元,较2023年同期的2513万美元增长[206] 现金流情况 - 截至2024年6月30日,现金、现金等价物、短期投资和可用于循环信贷设施的未使用本金总额(流动性)为72亿美元[122] - 2024年6月季度,运营活动产生了25亿美元的现金,主要来自机票销售。与2023年6月季度相比,向美国运通的总现金销售为19亿美元,增长约9%[123] - 投资活动中使用的现金流为8.09亿美元,主要是由于资本支出部分抵消了短期投资的赎回。这些运营和投资活动在2024年6月季度产生了13亿美元的自由现金流。此外,我们还有14亿美元的现金流出,用于偿还债务和融资租赁[124] 产品收入情况 - 主舱机票收入为121.41亿美元,同比增长2%;高级产品机票收入为100.41亿美元,同比增长10%;忠诚旅行奖励为18.2亿美元,同比增长11%;旅行相关服务为9.7亿美元,同比增长7%[146] - 2024年上半年,货运收入为3.77亿美元,同比减少1%;其他收入为50.57亿美元,同比增长17%[146] 航空运营数据 - 2024年上半年,TRASM调整后为19.95美分,同比减少2%;第三方炼油销售为1.74美元,同比增长21%[146] - 2024年上半年,国内乘客单位收入同比减少1%,大西洋地区同比减少0%,拉丁美洲同比减少12%,太平洋地区同比减少5%[151] - 2024年上半年,炼油收入为20.51亿美元,同比减少2880万美元;炼油部门对航空平均每加仑价格的影响为0.09美元[169] - 2024年上半年,Delta的旅客里程收入(RPM)为65241百万,较去年同期增长7%[172] - 可利用座位里程(ASM)为74656百万,较去年同期增长8%[172] - 乘客里程收益率为21.22美分,较去年同期下降2%[172] - 每可利用座位里程的乘客收入(PRASM)为18.54美分,较去年同期下降3%[172] - 每可利用座位里程的总收入(TRASM)为22.31美分,较去年同期下降1%[172] - 每可利用座位里程的调整后总收入(TRASM, adjusted)为20.64美分,较去年同期下降2.6%[172] - 每可利用座位里程的成本(CASM)为19.28美分,较去年同期增长2%[172] - 每可利用座位里程的调整后成本(CASM-Ex)为13.14美分,较去年同期增长0.6%[172] - 乘客装载因子为87%,较去年同期下降1个百分点[172] - 燃料消耗量为1066百万加仑,较去年同期增长7%[172] 财务调整 - 调整了第三方炼油销售,以更好地比较航空运营与航空行业其他部分[196] - 调整了MTM调整和对冲结算,以便投资者更好地理解和分析核心绩效[197] - 调整了飞机燃料和相关税收,以便投资者更好地理解和分析非燃油成本和年度财务绩效[198] - 调整了利润分享,以便投资者更好地理解和分析我们的经常性成本绩效[199] - 调整了一次性飞行员协议费用,以便投资者更好地理解和分析我们的核心成本绩效[200]
Why Are Airline Stocks DAL, AAL, UAL Down Today?
Investor Place· 2024-07-12 03:41
It’s now earnings season once again, and investors are certainly taking a cautious tone with certain groups of stocks today. Besides tech stocks, which are having a very negative day with the Nasdaq down a whopping 1.7% this afternoon, airline stocks are also seeing marked declines in today’s session.Shares of Delta Airlines (NYSE:DAL), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL) are down between 4% and 6% at the time of writing, as Delta was the first of the major carriers to announce ...
Delta says the Olympics will cost it $100 million as travelers skip Paris
CNBC· 2024-07-12 02:08
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Delta has the most service of any U.S. airline to Paris and has a joint venture with Air France. Together the two carriers have approximately 70% market share in nonstop service between the U.S. and France, according to consulting firm ICF."Unless you're going to the Olympics, people aren't going to Paris...very few are," Bastian told CNBC. "Business travel, you know, other type of ...