Investors got some good news in Delta's second-quarter earnings report in July. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. The 5% buy zone went up to 29.08. Should You Buy or Sell Airline Stocks Right Now? The company also cut its planned August flight additions in half amid surging coronavirus cases. But DAL stock still has its share of fans because of a consistent track record of dividends.
Delta Air Lines, Inc. (NYSE:DAL): $24.12 Director Jeanne P. Jackson acquired 25,510 shares of this airline, paying $22.72 per share for a total amount of $579,585. Or is it? Instead, it’s industry-wide.
Is this latest development a mere hiccup, or a sign that tough times will continue? Delta stock was up 3% in premarket trading.
The U.S.
The big elephant in the room for Delta is therefore the speed and extent of business revenue recovery. In four of the past seven days, TSA has logged more than 950,000 travelers. Matthew McCall left Wall Street to actually help investors –by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Stock Advisor launched in February of 2002. Fundamentally, Delta continues to lose money -- albeit at a slower rate than in April.
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But, on the plus side, traffic is up notably vs. the last month, three months and the March lows.
8 in the airline group. Nonetheless, Delta’s extended timeline for a recovery could keep the stock under pressure. There have been other positive developments, too. Airline stocks were down Tuesday morning after It remains to be seen if that embrace is temporary or if it will last after the pandemic subsides. Delta Air Lines (NYSE:DAL) is one of the hottest airline stocks around, given its size and track record for strong free cash flow. At the time, investors saw it as a clear sign that the industry’s near-term prospects were bleak.
This isn't better; it's just less bad than before. Delta shares more than doubled off their lows, as speculation of a rapid airline recovery pushed shares significantly higher. InvestorPlace - Stock Market News, Stock Advice & Trading Tips.
What Earnings, Value Metrics, Stock Chart Show Today, Airline Stocks Rally As Trump Adds New Twist On Stimulus, Airline Stocks To Watch In The Coronavirus Pandemic: How To Separate Winners From Losers. But, as this commentator noted, whether investors should be bullish or bearish on airline stocks remains up for debate.
That changed in 2016 when Berkshire purchased shares of four major airlines, one of which was Delta.
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