Dal Stock

Dal Stock – Shares of Delta Air Lines ( DAL ) lost ground as the airline reported lower-than-expected earnings and sales despite a strong outlook for the current quarter.

Delta reported first-quarter earnings per share (EPS) of $0.25, with revenue up 45.1% to $11.84 billion. Approximately both.

Dal Stock

However, “the results reflect the strength of the underlying demand environment,” said Glen Hauenstein, president of Delta Air Lines. The carrier said it had set a revenue record for the period, with total revenue up 16% from 2019, before the pandemic rocked the industry. Hauenstein added that Delta’s advanced summer bookings are at a record high.

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“Air travel is a priority for consumers, and while it can reduce costs elsewhere, Delta doesn’t see that in its business,” CEO Ed Bastian said in an interview.

The company expects second-quarter EPS of $2 to $2.25 on revenue of 15% to 17%. Analysts expect EPS of $1.66 and revenue growth of 14.7%.

Shares of Delta Air Lines were down 0.7% in New York time, despite rising 2% for the year. United ( UAL ) and American Airlines ( AAL ) have trailed rivals so far this year, but are ahead of Southwest Airlines ( LUV ).

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The offers shown in this table are from partnerships that receive payments. This fee may affect how and where listings are displayed. does not include all market offers. With fears of a slowdown in the U.S. and concerns that the war in Ukraine has severely damaged the travel sector, this is a good time to buy Delta (NYSE: DAL ) stock.

It is also worth noting that DAL shares have performed well recently, but are still below their recent highs and 2019 highs.

As I noted in my last column on United Airlines (NYSE: UAL ) stock, airline data shows that demand to fly is growing, with “domestic leisure travel actually surpassing the 2019 benchmark.”

As for Delta itself, Bank of America (NYSE: BAC ) announced earlier today that, based on booking data, the airline’s revenue guidance could beat analysts’ average estimate. The company expects Delta to be “a compliment to summer demand,” as it believes airlines in general will be fueled by consumers’ desire to spend more of their funds on services. . Bank of America has a “buy” rating on DAL stock.

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While I don’t normally short calls, I don’t think it’s a bad idea to buy DAL stock ahead of Delta’s first quarter earnings, which will be released on April 13th. This is because it will be visible, with widespread consumer fear of Covid-19, investors are generally too cautious when it comes to reopening stocks,

That cautious stance is reflected in Delta’s share price, which is nearly 15% below its February high and nearly 40% below its 2019 high. Meanwhile, the stock’s recent strength (up 20% in the past month) suggests Street no. More fears that war in Ukraine will hamper travel stocks.

In addition, the recent drop in oil prices and the war in Ukraine in the last week in the east of the country have not yet reflected in the price of Delta shares. That’s why I wouldn’t be surprised if Delta makes some pretty strong comments on fuel costs and travel trends in Eastern Europe on April 13th, helping the DAL stock rally that day.

Plus, of course, Bank of America’s outlook for the company’s summer outlook is positive for the stock’s post-earnings outlook.

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As a result of all the points I have made, I recommend that investors buy DAL stock.

As of the date of publication, Larry Ramer does not hold (directly or indirectly) any position in the securities described in this article. The opinions expressed in this article are those of the author, in accordance with publication guidelines.

Larry Ramer has been researching and writing articles about US stocks for 15 years. He has worked for The Fly and Israel’s largest corporate newspaper, Globes. Larry began writing columns for 2015. Among his successful counter-options were PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.

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