DAL - Delta Air Lines, Inc.

NYSE - NYSE Delayed price. Currency in USD
27.72
+0.02 (+0.07%)
At close: 4:00PM EDT
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Previous close27.70
Open28.54
Bid27.96 x 2200
Ask27.99 x 3100
Day's range27.60 - 28.73
52-week range17.51 - 63.44
Volume28,805,954
Avg. volume60,984,030
Market cap17.679B
Beta (5Y monthly)1.24
PE ratio (TTM)5.10
EPS (TTM)5.43
Earnings date09 Jul 2020 - 13 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date19 Feb 2020
1y target est36.00
  • Ryanair (RYAAY) June Traffic Results Hurt By Coronavirus Woes
    Zacks

    Ryanair (RYAAY) June Traffic Results Hurt By Coronavirus Woes

    Low air travel demand due to the COVID-19 pandemic dents Ryanair's (RYAAY) June Traffic. However, its July projection to carry more than 4.5 million passengers is a tailwind.

  • Report: Delta Issues Layoff Warnings to Pilots
    Motley Fool

    Report: Delta Issues Layoff Warnings to Pilots

    Delta Air Lines (NYSE: DAL) has issued notices to 2,558 pilots warning of potential layoffs, Bloomberg reported on Thursday, a worrisome sign of what to expect from airlines this fall if passenger traffic does not return and the industry is forced to dramatically shrink its operations. Delta had hinted that it would soon send out furlough notices to pilots last week after it reached an agreement with its pilots' union on an early-retirement package. Airlines have been hit particularly hard by the COVID-19 pandemic; Delta has already warned that its second-quarter revenue will be down by as much as 90% year over year.

  • Delta Air Lines (DAL) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
    Zacks

    Delta Air Lines (DAL) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

    Delta (DAL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • U.S. Airline Traffic Sees an Upturn Despite Coronavirus Severity
    Zacks

    U.S. Airline Traffic Sees an Upturn Despite Coronavirus Severity

    Many U.S. carriers issue optimistic projections as they see a swell in new bookings.

  • Jetblues'(JBLU) Pilots Union Inks Agreement to Avoid Furloughs
    Zacks

    Jetblues'(JBLU) Pilots Union Inks Agreement to Avoid Furloughs

    JetBlues'(JBLU) inks an agreement with its pilots union to avoid involuntary furloughs until May 1, 2021.

  • The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, United Airlines, Azul and Hawaiian Holdings
    Zacks

    The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, United Airlines, Azul and Hawaiian Holdings

    The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, United Airlines, Azul and Hawaiian Holdings

  • U.S. Treasury Finalizes Loans for Five Airlines
    Motley Fool

    U.S. Treasury Finalizes Loans for Five Airlines

    The U.S. Treasury said Thursday it has finalized loan terms with five airlines, part of the nearly $50 billion in assistance offered to the industry as part of the CARES Act stimulus plan. Treasury has reached deals with American Airlines Group (NASDAQ: AAL), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), SkyWest (NASDAQ: SKYW), and Frontier Airlines. Other carriers including Delta Air Lines have said they could eventually participate in the program, but American in particular has been vocal for months, saying it intends to tap the government for funding.

  • Delta Warns Pilots of Potential Layoffs as the Pandemic Continues
    Motley Fool

    Delta Warns Pilots of Potential Layoffs as the Pandemic Continues

    Earlier this year, the CARES Act helped avert a tidal wave of layoffs and furloughs in the U.S. airline industry. In return for a total of $25 billion in grants to major passenger airlines (roughly 30% of which must be paid back), airlines had to agree not to implement any involuntary layoffs or furloughs before Oct. 1. For Delta Air Lines (NYSE: DAL), that could entail furloughing more than 2,500 pilots.

  • Aeromexico Financing Plan Ready in 4 to 6 Weeks, CEO Says
    Bloomberg

    Aeromexico Financing Plan Ready in 4 to 6 Weeks, CEO Says

    (Bloomberg) -- Grupo Aeromexico SAB’s financing plan under its Chapter 11 bankruptcy protection filing could be ready in the next four to six weeks, Chief Executive Officer Andres Conesa said.The voluntary filing will allow the company to weather the coronavirus pandemic however long it may last, Conesa said in an interview Wednesday.Aeromexico’s bankruptcy protection filing came after the carrier saw the number of passengers it flew plummet more than 90% as governments grounded flights and travelers stayed home. Airlines in Latin America, unlike their counterparts in the U.S. and Europe, have received scant government support.“We’re solvent, we have assets, but we haven’t been able to tap financial markets over the past three months,” Conesa said. “This will allow us to access better financing that we wouldn’t get otherwise.”Since the pandemic started, the carrier has had to dole out 1.5 billion pesos ($65.8 million) to repay debt, Conesa said. Aeromexico’s total debt reached $1.9 billion and 7.9 billion pesos, according to the first day petition filed on Wednesday before the court.DIP FinancingLatam Airlines Group SA, which also filed for creditor protection in May, is seeking as much as $2.15 billion in new debt, according to court filings. Avianca Holdings SA has not specified how much it is seeking, a spokeswoman said.Conesa says he doesn’t see Aeromexico needing that much, though a final number is still four to six weeks away. Now that the filing has been made, a group of creditors will get together this month and they, alongside the company and a judge, will decide how much needs to be raised and what form the restructuring will take.“We’ll likely have a mix of plain and convertible debt,” he said. “But the message is clear -- we’re focused on keeping Aeromexico flying and acting responsibly. We’re not thinking about the equity side at the moment.”The carrier received zero support from the government, Conesa said. “The government was very clear on that. The entire region is heading towards a market restructure, and that will allow us to have an even better future.”Flexible FleetAeromexico owns about 30% of its fleet, Conesa said, which stood at 130 jets before the pandemic started. Those assets could be offered as collateral through sale-and-lease-back operations, he said.Additional flexibility comes from its leases being staggered. Contracts for about 15% of its fleet expire over the next 15 months, he said.Another decision to be made in the coming weeks will be what routes to keep and at what frequencies. This month, the airline will fly about half of the domestic flights it had in July last year and about 20% of its international ones.When, or if, to bring the rest back will largely depend on demand and on governments’ flight restrictions across the globe, he said. The airline, which still has nine Boeing 737 Max aircraft to be delivered, said it is reviewing its contract conditions with the plane maker.The airline will likely emerge slimmer from the proceedings, Conesa said, but that won’t mean a change to its business model and he doesn’t see aggressive fare cuts necessary to compete with domestic rivals.“Aeromexico’s essence will continue, it was working so far,” he said. “But not even the strongest airline in the world can withstand this.”Aeromexico operates routes in Mexico and internationally to destinations including the U.S., Canada, Europe and Asia. Delta Air Lines Inc. is its biggest shareholder.The airline has been able to avoid lay-offs until now, but Conesa says fewer flights in the future will likely require adjustments, though he declined to give a figure. The carrier’s workforce stands at about 16,000, he said.Aeromexico is being advised by Davis Polk & Wardwell LLP, Rothschild & Co., Cervantes Sainz S.C., AlixPartners and Skyworks Holdings, LLC.(Updates with details on next steps starting in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Airline Shares Are Higher Today
    Motley Fool

    Why Airline Shares Are Higher Today

    Shares of United Airlines Holdings (NASDAQ: UAL) jumped 10% at the open, while shares of American Airlines Group (NASDAQ: AAL) and Spirit Airlines (NYSE: SAVE) opened up 9% apiece and Delta Air Lines (NYSE: DAL) and JetBlue Airways (NASDAQ: JBLU) were each up 6% apiece. The stocks all gave back some of their gains as the morning went on, but investors on Wednesday are looking for reasons to feel positive about what has been a beaten-down sector due to the pandemic.

  • Aeromexico Flies into Bankruptcy Due to "Unprecedented" COVID-19 Challenges
    Motley Fool

    Aeromexico Flies into Bankruptcy Due to "Unprecedented" COVID-19 Challenges

    Mexican airline Grupo Aeromexico SAB de CV filed for Chapter 11 bankruptcy in the United States late Tuesday, becoming the third major Latin American airline to seek bankruptcy protection due to the COVID-19 pandemic. Aeromexico in a statement said it intends to use the Chapter 11 process to reorganize its operations and strengthen its financial position. "Our industry faces unprecedented challenges due to significant declines in demand for air transportation," Aeromexico CEO Andrés Conesa said in a statement.

  • United Airlines is tripling flights despite a spike in coronavirus infections
    Yahoo Finance

    United Airlines is tripling flights despite a spike in coronavirus infections

    United Airlines plans to triple the number of daily flights in August despite a surge of coronavirus infections in the United States.

  • Airline Stock Roundup: AAL to Expand Seating Capacity to 100%, UAL, DAL in Focus
    Zacks

    Airline Stock Roundup: AAL to Expand Seating Capacity to 100%, UAL, DAL in Focus

    American Airlines (AAL) decides to resume booking flights to full capacity. Meanwhile, Ryanair (RYAAY) warns of job cuts.

  • Better Buy: Southwest Airlines vs. Delta Air Lines
    Motley Fool

    Better Buy: Southwest Airlines vs. Delta Air Lines

    The airline business has been devastated by the COVID-19 pandemic, which caused travel demand to fall to near zero in March and April and has forced airlines to lever up to avoid bankruptcies. Delta is currently burning through about $30 million in cash per day, but that's down from $100 million at the height of the crisis.

  • Airlines Lift Booking Cap While Coronavirus Sweeps Across US
    Zacks

    Airlines Lift Booking Cap While Coronavirus Sweeps Across US

    The airline industry has been hit hard by the coronavirus pandemic and now as travel resumes, blocking seats means incurring more losses.

  • Indian Telecom Tycoon Bids for SoftBank-Backed OneWeb
    Bloomberg

    Indian Telecom Tycoon Bids for SoftBank-Backed OneWeb

    (Bloomberg) -- Indian telecommunications tycoon Sunil Mittal has submitted a bid for OneWeb, the bankrupt satellite firm whose investors include SoftBank Group Corp., people with knowledge of the matter said.An arm of Mittal’s Bharti Enterprises Ltd. conglomerate made an offer for London-based OneWeb with backing from the U.K. government, according to the people, who asked not to be identified because the information is private. The OneWeb sale has also attracted initial interest from Canada’s Telesat, the people said.The U.K. government plans to commit around $500 million to OneWeb alongside other investors as part of the company’s Chapter 11 bankruptcy proceedings, a person with knowledge of the matter said last week. OneWeb has said that bids were due Friday.Part of the U.K.’s interest in supporting OneWeb is to form the basis for a new national navigation system, after the European Union froze Britain out of the most secure elements of the bloc’s project, called Galileo. Prime Minister Boris Johnson is trying to attract fresh foreign investment from countries including India, China and the U.S. to help offset the U.K.’s departure from the EU.OneWeb makes so-called low-Earth orbit satellites that provide high-speed communications. It faces competition from Elon Musk’s SpaceX Starlink project and Jeff Bezos’s Amazon-linked Project Kuiper, as well as from incumbents such as Inmarsat, Intelsat SA and Eutelsat Communications SA.Pandemic BlowThe company has raised about $3.3 billion in debt and equity financing from shareholders including SoftBank, Airbus SE and Qualcomm Inc. since its inception, according to filings. In a March 27 bankruptcy announcement, OneWeb cited the financial effects and market turbulence related to Covid-19 pandemic for its failure to obtain financing it needed.Read more: U.K. Set to Bid About $500m for Stake in Satellite Firm OneWebMittal’s group controls Bharti Airtel Ltd., India’s second-biggest wireless operator. The carrier is the biggest shareholder of publicly-traded tower owner Bharti Infratel Ltd.Shares of Bharti Airtel gained as much as 1.7% in early trading Tuesday and were up 0.3% at 1:11 p.m. in Mumbai, giving the company a market value of about $41 billion. Bharti Infratel shares rose 1.8%.No final decisions have been made, and other suitors could still emerge for OneWeb, the people said. A representative for Bharti couldn’t immediately comment, while spokespeople for Telesat and OneWeb declined to comment.A representative for the U.K.’s Department for Business, Energy & Industrial Strategy declined to comment on any bid.“We have made clear our ambitions for space and are developing a new National Space Strategy to bring long-term strategic and commercial benefits to the U.K.,” the government spokesperson said in an emailed statement. “We are in regular discussions with the space industry as part of this work.”Bharti Enterprises participated in a 2015 funding round for OneWeb alongside other investors including Qualcomm Inc., Richard Branson’s Virgin Group and Airbus. OneWeb formed an alliance in 2018 with partners including Delta Air Lines Inc., Bharti Airtel and Sprint Corp. to allow wireless carriers to extend their service into airplane cabins.(Updates with Telesat interest in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • U.S.-China Feud Gets Nasty With Red Tape as Stealth Weapon
    Bloomberg

    U.S.-China Feud Gets Nasty With Red Tape as Stealth Weapon

    (Bloomberg) -- The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel.The two countries have blacklisted each other’s companies, barred flights and expelled journalists. The unfolding skirmish is starting to make companies nervous the trading landscape could shift out from under them.“There are many industries where U.S. companies have made long-term bets on China’s future because the market is so promising and so big,” said Myron Brilliant, the U.S. Chamber of Commerce’s head of international affairs. Now, they’re “recognizing the risk.”China will look to avoid measures that could backfire, said Shi Yinhong, an adviser to the nation’s cabinet and a professor of international relations at Renmin University in Beijing. Any sanctions on U.S. companies would be a “last resort” because China “is in desperate need of foreign investment from rich countries for both economic and political reasons.”Nevertheless, pressure is only expected to intensify ahead of the U.S. elections in November, as President Donald Trump and presumptive Democratic nominee Joe Biden joust over who will take a tougher line on China.Trump has blamed China for covering up the coronavirus pandemic he has mocked as “Kung Flu,” accused Beijing of “illicit espionage to steal our industrial secrets” and threatened the U.S. could pursue a “complete decoupling” from the country. Biden, likewise, has described President Xi Jinping as a thug, labeled mass detention of Uighur Muslims as unconscionable and accused China of predatory trade practices.And on Capitol Hill, Republicans and Democrats have found rare unity in their opposition to China, with lawmakers eager to take action against Beijing for its handling of Covid-19, forced technology transfers, human rights abuses and its tightening grip on Hong Kong.“China is going to be a punching bag in the campaign,” said Capital Alpha Partners’ Byron Callan. “But China is a punching bag that can punch back.”China has repeatedly rejected U.S. accusations over its handling of the pandemic, Uighurs, Hong Kong and trade, and it has fired back at the Trump administration for undermining global cooperation and seeking to start a “new cold war.” Foreign Minister Wang Yi last month said China had no interest in replacing the U.S. as a hegemonic power, while adding that the U.S. should give up its “wishful thinking” of changing the country.Both sides have already taken a series of regulatory moves aimed at protecting market share.The U.S. is citing security concerns in blocking China Mobile Ltd., the world’s largest mobile operator, from entering the U.S. market. It’s culling Chinese-made drones from government fleets and discouraging the deployment of Chinese transformers on the power grid. The Trump administration has also tried to constrain the global reach of China’s Huawei Technologies Co., the world’s largest telecommunications equipment manufacturer.Meanwhile, China prevented U.S. airline flights into the country for more than two months and, after the U.S. imposed visa restrictions on Chinese journalists, it expelled American journalists. It has stepped up its scrutiny of U.S. companies, with China’s state news agency casting one probe as a warning to the White House. China also has long made it difficult for U.S. telecommunications companies to enter its market, requiring overseas operators to co-invest with local firms and requiring authorization by the central government.One of the most combustible flash points has been the Trump administration’s campaign to contain Huawei by seeking to limit the company’s business in the U.S. and push allies to shun its gear in their networks.The U.S. Federal Communications Commission moved to block devices made by Huawei and ZTE Corp. from being used in U.S. networks. And the Commerce Department has placed Huawei on blacklists aimed at preventing the Chinese company from using U.S. technology for the chips that power its network gear, including tech from suppliers Qualcomm Inc. and Broadcom Inc.After suppliers found work-arounds, Commerce in May tightened rules to bar any chipmaker using American equipment from selling to Huawei without U.S. approval. The step could constrain virtually the entire contract chipmaking industry, which uses equipment from U.S. vendors such as Applied Materials Inc., Lam Research Corp. and KLA Corp. in wafer fabrication plants.The curbs also threaten to cripple Huawei. Although the company can buy off-the-shelf or commodity mobile chips from a third party such as Samsung Electronics Co. or MediaTek Inc., going that route would force it to make costly compromises on performance in basic products.Huawei was on a list the Pentagon unveiled last week of companies it says are owned or controlled by China’s military, opening them to increased scrutiny. The Ministry of Foreign Affairs in Beijing accused the Trump administration of “violating the very market economy principle the U.S. champions.”“We are strongly opposed to this,” the foreign ministry said Sunday of the Pentagon’s designation. “China urges the U.S. to stop suppressing Chinese companies without reason and provide a fair, just and non-discriminatory environment for Chinese companies to operate normally in the U.S.”After the new restrictions, the editor of the Communist Party’s Global Times newspaper tweeted that China would retaliate using an “unreliable entities list” that it first threatened at the height of the trade war last year. Although China didn’t identify companies on the list, the Global Times has cited a source close to the Chinese government as saying U.S. bellwethers such as Apple Inc. and Qualcomm could be targeted.The fallout could extend to companies heavily reliant on Chinese supply chains, as well consumer-facing brands eager to expand sales in Asia. Boeing Co., which recorded $5.7 billion of revenue from China in 2019, and Tesla Inc., the biggest U.S. carmaker operating independently in China, are among companies most exposed if relations sour further.“We’re playing in a much wider field now,” said Jim Lucier, managing director of research firm Capital Alpha Partners. “We’re not simply talking about ‘you tariff me’ and ‘I tariff you.’ The playing field is virtually unlimited.”Planes and AutomobilesU.S. automakers have also been singed. In June, China fined Ford Motor Co.’s main joint venture in the country for antitrust violations, saying Changan Ford Automobile Co. had restricted retailers’ sale prices since 2013.Aviation has been another source of tension, as both countries squabble over access to their skies. China’s decision to limit U.S. airlines operations to those services scheduled as of March 12 hurt carriers such as United Airlines Holdings Inc., Delta Air Lines Inc, and American Airlines Group Inc. that had suspended passenger flights to and from China because of the coronavirus pandemic.The U.S. responded earlier this month by initially threatening to ban all flights from China, then relenting to allow two flights weekly once Chinese officials eased their restrictions. Now, in what appears to be a staged de-escalation, China gave U.S. passenger carriers permission to operate four weekly flights to the country and earlier this month, the Trump administration matched the move by also authorizing four flights from Chinese airlines.It’s happening outside of aviation too. Consider the U.S. government’s decision to seize a half-ton, Chinese-made electrical transformer when it arrived at an American port last year and divert the gear to a national lab instead of the Colorado substation where it was supposed to be deployed. That move -- and a May executive order from Trump authorizing the blockade of electric grid gear supplied by “foreign adversaries” of the U.S. in the name of national security -- have already sent shock waves through the power sector.The effect has been to dissuade American utilities from buying Chinese equipment to replace aging components in the nation’s electrical grid, said Jim Cai, the U.S. representative for Jiangsu Huapeng Transformer Co., the company whose delivery was seized. Although Cai said the firm has supplied parts to private utilities and government-run grid operators in the U.S. for nearly 15 years without security complaints, at least one American utility has since canceled a transformer award to the company, Cai said.Trump’s directive is tied to a broader effort to bring more manufacturing to the U.S. from China. “This is a part of the administration’s efforts to impair China’s supply chains into the United States,” said former White House adviser Mike McKenna.Escalating tensions could jeopardize the U.S. economic recovery as well as China’s trade commitment to buy $200 billion in American goods and services over the next two years. The country’s purchase of U.S. goods increased last month as the economy continued its recovery from the coronavirus shutdowns, but imports are still far behind the pace needed to meet the terms of the phase one trade deal, according to Bloomberg calculations based on data from China’s Customs Administration.U.S.-China struggles also may factor into the November presidential election. Former U.S. national security adviser John Bolton alleges in a new book that Trump asked Xi to help him win re-election by buying more farm products -- a claim the White House has dismissed as untrue.“I don’t expect one single blow to send this relationship in a tailspin,” the chamber’s Brilliant said. “Each side will calibrate their reactions in a way that will not tip the scales too far.”Take the recent spat over media access. After the U.S. designated five Chinese media companies as “foreign missions,” China revoked press credentials for three Wall Street Journal staff members over an article with a headline describing China as the “real sick man of Asia.”Then the Trump administration ordered Chinese state-owned news outlets to slash staff working in the U.S. Beijing responded in March by effectively expelling more than a dozen U.S. journalists working in China.Both the U.S. and China have ample opportunities to ratchet up regulatory pressure. A bill passed by the Senate last month could prompt the delisting of Chinese companies from U.S. stock exchanges if American officials aren’t allowed to review their financial audits.And last week, as the U.S. State Department imposed visa bans on Chinese Communist Party officials accused of infringing the freedom of Hong Kong citizens, a senior official made clear the move was just an opening salvo in a campaign to force Beijing to back off new restrictions on the city.China, similarly, can slow licensing decisions and regulatory approvals, launch investigations under its anti-monopoly law and squeeze financial firms that want to do business in the country. For instance, the country could rescind pledges to let U.S. financial firms take controlling stakes in Chinese investment banking joint ventures, according to a Cowen analyst.“China will not make any significant compromise and will retaliate whenever and wherever possible,” said Shi, the Renmin University professor.Companies are still lured to China and its massive local market -- and tensions with the U.S. don’t overcome the Asian superpower’s appeal. Just one-fifth of companies surveyed by the American Chamber of Commerce in China late last year said they had moved or were considering moving some operations outside of the country, part of a three-year downward trend.But the coronavirus pandemic has subsequently pushed more companies to reckon with the risks of relying too heavily on any single country for their supply chains, amid existing concerns about forced technology transfers, cost and rising tensions that could damp investment in China.China is no longer the lowest-cost manufacturer, and companies are more reluctant to invest there, said James Lewis, director of the Technology Policy Program at the Center for Strategic and International Studies in Washington.“Everyone would like to be in the China market -- everyone wants it to be like 2010 -- but things are changing.”(Updates with trade data in 28th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Oil Falls From a Three-Month High Before Key Inventory Report
    Bloomberg

    Oil Falls From a Three-Month High Before Key Inventory Report

    (Bloomberg) -- Oil slipped from a three-month high before a U.S. government report expected to show another increase in inventories, signaling the market still has its work cut out to clear a massive supply glut.Crude futures earlier rallied after President Donald Trump insisted the U.S.-China trade deal was “fully intact,” contradicting remarks from a trade adviser that sent markets into a tailspin. While the market has been buoyed in recent days by signs that demand is coming back, renewed fears of a second wave of the coronavirus is spurring some caution.“Crude has had a draw only three weeks since mid-January, so I wouldn’t be surprised to see another build from this week’s report,” said Michael Hiley, head of over-the-counter energy trading at New York-based LPS Futures.The weekly round of U.S. inventory data began with the American Petroleum Institute reporting that U.S. crude stockpiles rose 1.75 million barrels last week, according to people familiar. If confirmed by government data Wednesday, it would be a third weekly gain.In a grim reminder that the pandemic hasn’t gone away, California reported its biggest daily jump, and Florida’s infection rate climbed above 10%. Intensive-care unit capacity in Harris County, Texas -- home to Houston and the nation’s third-most populous county -- will be exhausted in 11 days, based on the two-week average expansion rates.Oil has rebounded since plunging below zero in April and is now trading around levels last seen in early March, before a short-lived but damaging price war broke out between Russia and Saudi Arabia. Some of the world’s biggest traders have expressed optimism that demand is making a comeback, while OPEC+ laggards are reported to be falling in line with supply cuts.“If you look at projections of flattening the curve of crude inventories, the peak is now lower and it will come sooner because you’ve got a better outlook on demand than originally feared,” said Peter McNally, an analyst at Third Bridge Group Ltd.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Airline Stock Roundup: LUV Issues Bullish Update, AAL, ALK, SAVE in Focus
    Zacks

    Airline Stock Roundup: LUV Issues Bullish Update, AAL, ALK, SAVE in Focus

    American Airlines (AAL) aims to bolster its liquidity position for coping with the current pandemic crisis. Meanwhile, Delta (DAL) aims to resume flights to China.

  • Delta to Resume U.S.-China Flight Services Jun 25 Onward
    Zacks

    Delta to Resume U.S.-China Flight Services Jun 25 Onward

    After months of suspension of services to China amid coronavirus concerns, Delta (DAL) plans to re-start services to the nation as travel restrictions ease.