Skip to main content

Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta to Serve Havana, Cuba, from New York-JFK, Atlanta and Miami

[PR Newswire] – ATLANTA, July 7, 2016 /PRNewswire/ — Delta Air Lines (DAL) will begin serving Havana, Cuba, this fall from New York-JFK, Atlanta and Miami as a result of today’s announcement by the U.S. Department of Transportation (DOT). Delta applauds and thanks the DOT for awarding the airline the ability to resume operating daily, nonstop scheduled service to the Caribbean island for the first time in almost 55 years. “Today has been a long-awaited moment to celebrate Delta’s historic return to Cuba, and we thank Secretary Foxx, his team and the other U.S. officials for granting us the authority to provide Havana service from Atlanta, Miami and New York,” said Nicolas Ferri, Delta’s Vice President – Latin America and the Caribbean. Read more on this. Delta Air Lines, Inc. (DAL) , with a current market cap of $27.86B, began trading this morning at $35.54. During today’s session, DAL traded between $35.50 to $36.44 and has traded between $32.60 and $52.77 over the past year. Delta (DAL) shares are currently priced at 5.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.91x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $1.51 per share, which would be $0.24 better than the year-ago quarter and a $0.37 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.94, which would be a $1.33 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.51 Billion. If reported, that would be a 1.87% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. The average price target for DAL shares by the analysts covering it is $55.46, which is 56.05% above where the stock opened. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Company Update (NYSE:DAL): Delta Files to Serve Havana, Cuba from Four U.S. Cities Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.