|Bid||61.66 x 1800|
|Ask||62.03 x 800|
|Day's range||61.87 - 62.48|
|52-week range||46.84 - 63.44|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||8.50|
|Earnings date||07 Apr 2020 - 12 Apr 2020|
|Forward dividend & yield||1.61 (2.60%)|
|Ex-dividend date||21 Oct 2019|
|1y target est||69.78|
Teachers from Los Angeles County's Park Avenue Elementary School held back tears on Friday as they described the moment they were showered with jet fuel from a Delta airplane that was forced to return to LAX to make an emergency landing due to engine trouble. Attorney Gloria Allred, at a news conference on Friday announcing the litigation, said four teachers affected by the incident have sued Delta for negligence for dumping fuel in a densely populated area at low altitude earlier this week. On Friday, an airline spokesman declined to comment on pending litigation. Critics have said the jet could have dumped fuel over the ocean more safely, unless it were in an absolutely dire situation. Social media users captured video of the Boeing 777 jet, which had taken off to Shanghai with 181 people on board, emitting streams of fuel from the tips of its wings as it returned to the airport. The fuel dump caused minor injuries to at least 44 children and adults on the ground. Delta said on its website that airline cleaning crews worked with school crews to clean surfaces students may come into contact with. The crew that decided to dump the fuel, which fell on several Los Angeles area schools, didn't inform air traffic controllers they planned to do so, and the FAA is investigating. Delta previously said the fuel was dumped to reach a safe landing weight.
(Bloomberg) -- A swirling mess of winter weather is roaring out of the Midwest toward the Northeast, threatening to drop a blanket of snow on upstate New York, New Hampshire and Maine, to the joy of skiers, and as much as 4 inches on Manhattan.High winds and heavy snow were moving across the Great Lakes on Friday. A winter weather advisory has been issued for New York City, Long Island and parts of New Jersey and Connecticut starting at 10 a.m. on Saturday and running until 1 a.m. Sunday.“It’s just a mess over a wide area,” Brian Hurley, a senior branch forecaster with the U.S. Weather Prediction Center in College Park, Maryland. “Every winter storm has its own nature, and this one isn’t going to wow us in the end with its snowfall amounts. But just the area of snow covered at six inches or more is pretty impressive.”Across the U.S., 1,065 flights were canceled Friday as the storm moved east, and another 76 were scrubbed for Saturday, according to FlightAware, a Houston-based airline tracking service. A Delta Air Lines flight slipped off a taxiway in Kansas City, according to the Associated Press.After the storm passes through New York, the forecast is for a mostly sunny Sunday with a high of 36 degrees Fahrenheit (2 Celsius), according to the National Weather Service.It will be the first time since Dec. 2 that the New York metropolitan region has gotten more than an inch of snow, and it follows a weekend in which temperatures reached into the high 60s Fahrenheit. Overall this season, only 2.7 inches (6.9 centimeters) of snow have fallen on Manhattan’s Central Park, or 5.7 inches less than normal.Along with the snow, areas south of the storm’s northern track could end up with a dangerous coating of ice. That condition could range across the Ohio Valley, into the Appalachian Mountains in West Virginia and Maryland and along Interstate 80 that crosses the region west to east.(Updates New York forecast in first paragraph, flights canceled in fourth)To contact the reporter on this story: Brian K. Sullivan in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: Tina Davis at email@example.com, Reg Gale, Christine BuurmaFor 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.
SkyWest (SKYW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Investors in Delta Air Lines, Inc. (NYSE:DAL) had a good week, as its shares rose 4.5% to close at US$61.88 following...
Delta (DAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
The Zacks Analyst Blog Highlights: Delta Air Lines, United Airlines, American Airlines and Southwest
Despite all the positivity, investors should think about adding a few large-cap stocks that pay a solid dividend to help anchor their portfolios in 2020...
(Bloomberg) -- A Delta Air Lines Inc. jet dumped fuel over schools in Los Angeles, causing skin irritations and breathing problems for 67 children and adults, after an engine problem forced the plane to turn around shortly after takeoff.The injuries were minor and nobody was taken to hospitals, the Los Angeles County Fire Department said in a statement Tuesday. The LACoFD said it responded to four area schools and evaluated 44 patients, while the Los Angeles Fire Department evaluated 16 patients at two schools and Downey Fire Department checked on seven cases at a pre-school.Students and adults “may have been sprayed by fuel or inhaled fumes,” the Los Angeles Unified School District said in a statement about the health effects. The Federal Aviation Administration said it was “thoroughly investigating” the incident.“There are special fuel-dumping procedures for aircraft operating into and out of any major U.S. airport,” the FAA said in a statement. “These procedures call for fuel to be dumped over designated unpopulated areas, typically at higher altitudes so the fuel atomizes and disperses before it reaches the ground.”Delta Flight 89, a Boeing Co. 777-200ER, left Los Angeles International shortly after 11 a.m. local time en route to Shanghai. The plane experienced an engine problem shortly after takeoff that required it to return to the airport, Delta said in a statement.“The aircraft landed safely after an emergency fuel release to reduce landing weight,” the airline said, without providing further details.The jet climbed to 7,775 feet before it began to descend after less than three minutes in flight, according to Flightradar24, an aircraft tracking service. The entire flight lasted 24 minutes, Flightradar24 data showed.(Updates numbers and adds details in the second paragraph.)\--With assistance from Justin Bachman and Young-Sam Cho.To contact the reporter on this story: Mary Schlangenstein in Dallas at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, Susan Warren, Will DaviesFor 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.
Delta (DAL) delivered earnings and revenue surprises of 21.43% and 0.85%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
On Delta's Q4 2019 earnings call, CEO Ed Bastian talked about the advantages and disadvantages of Delta's aging fleet.
(Bloomberg) -- Britain agreed to back a plan to rescue Flybe, Europe’s largest regional airline, from a collapse that would have left some of the most economically challenged parts of the U.K. with diminished transport links.The deal will allow Flybe to operate as normal to maintain flights and includes a review of the air passenger duty tax levy, the government said Tuesday. Support may include a state-backed loan, according to a person familiar with the matter who asked not to be named discussing confidential deliberations.Flybe’s parent Connect Airways, made up of Virgin Atlantic Airways Ltd., private-equity firm Cyrus Capital and airport operator Stobart Group, has in turn committed to keep the carrier flying with additional funding, Connect Chairman Lucien Farrell said in a release.The rescue is unusual in a country that has long eschewed state bailouts. Monarch Airlines, Flybmi and Thomas Cook Group Plc all failed without government help in the past 2 1/2 years. But Flybe’s unique business profile in serving provincial cities made it a different proposition, especially with many of those areas key to Prime Minister Boris Johnson’s election win a month ago.“The reviews we are announcing today will help level up our economy,” Chancellor of the Exchequer Sajid Javid said in the release. “They will ensure that regional connections not only continue but flourish in the years to come.”While Flybe carried only 8 million passengers last year, versus almost 100 million at EasyJet Plc, it ranks No. 1 on U.K. domestic routes and provides links to London and the continent from cities spanning Belfast in Northern Ireland to Exeter in England’s far southwest and Inverness in the Scottish Highlands.Cities Cut Off and Airports at Risk: What’s at Stake at FlybeThe British Airline Pilots’ Association said the government should “be applauded for stepping up to the plate,” after previously warning that if Flybe didn’t exist “it would have to be invented” to maintain crucial links and support the economy. A collapse would have effectively left some locations without an air service or reliant on rail journeys spanning many hours.By contrast, Willie Walsh, chief executive officer of British Airways parent IAG SA, said the rescue amounts to “a blatant misuse of public funds,” with U.K. taxpayers picking up the bill for the “mismanagement” of Flybe by Virgin and backer Delta Air Lines Inc.Johnson swept to victory in December in part by garnering the support of Brexit-voting former Labour-held seats in northern England and other areas away from the southeast, and has said his Conservative party needs to deliver economic growth there to hold on to those “borrowed” votes.The prime minister said in a BBC interview earlier Tuesday that he understood “the importance of Flybe in delivering connectivity across the whole U.K.,” while acknowledging the deficiencies of transport infrastructure in some parts of the country.Flybe was delisted in March after its purchase by Connect Airways for 2.2 million pounds ($2.9 million), with the consortium also providing 100 million pounds in rescue funding. The carrier, which employs about 2,400 people, had struggled for years with the narrow margins on regional routes, where demand is lower, together with fluctuating fuel prices and uncertainty around Brexit.The carrier operates 68 planes on almost 140 routes serving 56 cities across the U.K. and Europe. Some of its flights, like a 130-mile service from Cardiff to Anglesey off the north Welsh coast, are among the shortest in the industry.(Updates with details from U.K. government starting in second paragraph.)\--With assistance from Alex Morales and Jeremy Diamond.To contact the reporters on this story: Siddharth Philip in London at firstname.lastname@example.org;Charlotte Ryan in London at email@example.com;Thomas Penny in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Kenneth Wong at email@example.com, Christopher JasperFor 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.
Fourth quarter earnings results from JPMorgan, Delta, and other giants, as well as rough Boeing numbers. Plus, why KB Home (KBH) is a Zacks Rank 1 (Strong Buy) stock right now...
Delta's robust earnings this morning has created positive sentiment for the broader airline industry, but we shouldn't get overly optimistic about the remaining earnings because much of the upside was Delta specific