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DAL

Delta Air Lines

$39.27

0.33 (0.85%)

07:03
10/13/16
10/13
07:03
10/13/16
07:03

Delta Air Lines reports Q3 passenger unit revenue down 6.8%

Delta's operating revenue for the September quarter decreased 5.6 percent, or $624 million, of which $100 million was due to the outage and $70 million was from prior year Yen hedge gains. Passenger unit revenues declined 6.8 percent, including nearly 2 points of impact from the outage and Yen hedges, on a 1.5 percent increase in capacity. "While we were encouraged by our unit revenue trends through the September quarter, we have more work ahead of us to achieve our goal of positive unit revenues," said Glen Hauenstein, Delta's president. "With further slowing of our capacity growth in the December quarter and additional traction on our revenue management initiatives, we should make progress against that goal and we expect our December quarter unit revenues to decline by 3 - 5 percent year over year."

  • 13

    Oct

  • 17

    Nov

DAL Delta Air Lines
$39.27

0.33 (0.85%)

08/24/16
IMPC
08/24/16
INITIATION
Target $41
IMPC
In-Line
Delta Air Lines initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin initiated Delta Air Lines with an In-Line and $41 price target citing the potential impact on UK business travel from Brexit and deteriorating economic, social and terrorism problems in Europe.
08/24/16
08/24/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lockheed Martin (LMT) reinstated with a Neutral at Goldman. 2. Five Below (FIVE) initiated with a Neutral at BTIG. 3. AMC Entertainment (AMC) and Cinemark (CNK) were initiated with a Buy at Loop Capital while the firm initiated Regal Entertainment (RGC) with a Hold. 4. Delta Air Lines (DAL) initiated with an In-Line at Imperial Capital. 5. LINE Corp. (LN) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link
10/10/16
BERN
10/10/16
INITIATION
Target $43
BERN
Market Perform
Delta Air Lines initiated with a Market Perform at Bernstein
Bernstein analyst David Vernon initiated Delta Air Lines with a Market Perform and a $43 price target.
10/11/16
BERN
10/11/16
INITIATION
BERN
Airlines initiated at Bernstein
Bernstein analyst David Vernon initiated coverage of the U.S. airline sector, saying that he is "bullish on the sector" and asserting that it has "favorable..dynamics." He expects the sector's stocks to have "higher average highs and higher average lows over time," driven partly by its investments in return enhancing programs, revenue enhancing initiatives, and "a stronger outlook for longer term capital return" which isn't reflected in valuation, according to the analyst. Vernon recommends owning airlines that have "less financial and operating leverage." He says that he is "favorably disposed" to Southwest (LUV) and Delta Air Lines (DAL), which he says have high returns and low leverage, and is less upbeat on United Continental (UAL), which he says has higher operating leverage and execution risk. He is bearish on American Airlines (AAL), as he thinks that its capacity growth and financial leverage create significant risk. The analyst started coverage of Southwest with an Outperform rating and a $51 price target. He initiated coverage of Delta and United Continental with Market Perform ratings and $43 and $55 price targets, respectively. He launched American with a $31 price target and Underperform rating.

TODAY'S FREE FLY STORIES

HZNP

Horizon Pharma

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  • 08

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BLK

BlackRock

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AMD

AMD

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EVHC

Envision Healthcare

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-2.51 (-3.50%)

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MEI

Methode Electronics

$39.00

0.45 (1.17%)

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  • 08

    Dec

IGT

International Game

$25.49

0.36 (1.43%)

, SNE

Sony

$28.61

0.45 (1.60%)

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SNE

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MEI

Methode Electronics

$39.00

0.45 (1.17%)

06:53
12/08/16
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06:53
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06:53
Earnings
Methode Electronics reports Q2 EPS 66c, consensus 55c »

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  • 08

    Dec

VRNT

Verint

$38.30

0.1 (0.26%)

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  • 08

    Dec

AMC

AMC Entertainment

$32.65

-1.15 (-3.40%)

, CKEC

Carmike Cinemas

$33.45

-0.4 (-1.18%)

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AMC Entertainment

$32.65

-1.15 (-3.40%)

CKEC

Carmike Cinemas

$33.45

-0.4 (-1.18%)

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SCBFF

Standard Chartered

$8.68

0.28 (3.33%)

06:47
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HP

Helmerich & Payne

$80.86

0.94 (1.18%)

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LULU

lululemon

$59.84

2.6 (4.54%)

06:45
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  • 09

    Jan

PRGO

Perrigo

$83.94

-0.53 (-0.63%)

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CEB

CEB

$59.50

0.35 (0.59%)

06:43
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UHS

Universal Health

$111.36

-15.01 (-11.88%)

06:42
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  • 08

    Dec

GOOGL

Alphabet Class A

$791.47

15.29 (1.97%)

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Alphabet

$771.19

12.08 (1.59%)

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FB

Facebook

$117.95

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AMZN

Amazon.com

$770.42

5.7 (0.75%)

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  • 15

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SMG

Scotts Miracle-Gro

$92.84

2.01 (2.21%)

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ARAY

Accuray

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  • 08

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TAX

Liberty Tax

$13.35

0.5 (3.89%)

06:38
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06:38
Earnings
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  • 08

    Dec

ZEN

Zendesk

$21.15

-0.02 (-0.09%)

06:38
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06:38
Conference/Events
Zendesk management to meet with William Blair »

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  • 08

    Dec

AMZN

Amazon.com

$770.42

5.7 (0.75%)

06:38
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06:38
Periodicals
Amazon seeks to help publishers profit more from ads, WSJ says »

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INFN

Infinera

$8.48

0.01 (0.12%)

06:37
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Conference/Events
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  • 08

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LLL

L-3 Communications

$161.56

3.1 (1.96%)

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BLL

Ball Corp.

$75.58

1.38 (1.86%)

06:34
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  • 13

    Dec

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