Stock News in Focus: Delta Air Lines (DAL)

Delta Air Lines (NYSE:DAL) stock identified change of 31.92% away from 52-week low price and recently located move of -3.02% off 52-week high price. It has market worth of $38979.61M and dividend yield of 2.35%. DAL stock has been recorded 6.40% away from 50 day moving average and 10.69% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.58% off 20-day moving average.

Delta Air Lines (NYSE:DAL) announced financial results for the June quarter 2019 and provided its outlook for the September quarter 2019. Highlights of the June quarter 2019 results, including both GAAP and adjusted metrics, are below and incorporated here.

June Quarter Financial Highlights

Adjusted earnings per share were $2.35, reflecting a 32 percent increase year over year with 8.7 percent top-line growth, 2.3 points of operating margin expansion and $1.8 billion of free cash flow.

Total adjusted revenue, which excludes refinery sales, grew nearly $1 billion to $12.5 billion, a new quarterly record, with 52 percent of adjusted revenue from premium products and non-ticket sources.

Total unit revenue, adjusted, increased 3.8 percent driven by healthy growth in leisure and corporate revenue and an approximate one point benefit from the amended American Express agreement announced earlier this year.

Non-fuel unit cost (CASM-Ex) increased 1.4 percent compared to the prior year period, driven by better operations, fleet transformation and efficiency initiatives.

Generated $5.2 billion of operating cash flow and $2.5 billion of free cash flow on a year-to-date basis, after investing $2.7 billion into the business, primarily for aircraft purchases and modifications.

Returned $497 million to shareholders, comprised of $268 million of share repurchases and $229 million in dividends.

Ed Bastian, Delta’s chief executive officer said “Our record June quarter financial and operating results demonstrate that we are translating our powerful brand and competitive advantages into earnings growth, margin expansion and solid returns for our owners.  Our people are the best in the business and I’m proud to recognize their hard work and dedication this quarter with an additional $518 million toward next year’s profit sharing,”.  “With our strong first half performance and building momentum from our customer-focused initiatives, we are increasing our full-year earnings guidance to $6.75 to $7.25 per share.”

 The Services sector company, Delta Air Lines noticed change of 0.86% to $59.47 along volume of 7781257 shares in recent session compared to an average volume of 4754.67K. The stock observed return of 1.59% in 5 days trading activity. The stock was at 8.66% over one month performance. DAL’s shares are at 4.42% for the quarter and driving a 17.74% return over the course of the past year and is now at 19.18% since this point in 2018. 

 The average volatility for the week at 1.86% and for month was at 1.71%. There are 655.45M shares outstanding and 652.3M shares are floated in market. Right now the stock beta is 1.18. 

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