Delta Air Lines, Inc.NYSE
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  • Yesterday, 2:33 AM
    • In a likely controversial step, the Department of Transportation is considering eventually allowing in-flight calls from airline passengers - with two important caveats: airlines will have the option of whether to provide the service, and passengers must be informed well in advance if the flight allows calls.
    • The FCC currently prohibits passengers from talking on cellphones during flights (due to disruption of certain radio frequencies) but not Wi-Fi calls.
    • Related tickers: AAL, ALK DAL, JBLU, LUV, SAVE, UAL, VA
    | Yesterday, 2:33 AM | 12 Comments
  • Thu, Dec. 8, 7:38 AM
    | Thu, Dec. 8, 7:38 AM | 4 Comments
  • Wed, Dec. 7, 3:38 PM
    • The airline sector are one of the best performing groups of the day as it plays some catch-up with the broad market.
    • Gainers include American Airlines Group (AAL +5.2%), Southwest Airlines (LUV +4.5%), JetBlue Airways (JBLU +3.7%), Alaska Air Group (ALK +3.8%), SkyWest (SKYW +2.6%) and Delta Air Lines (DAL +3.8%).
    • Earlier today, Southwest reported a solid jump in load factor for November.
    • The Global Jets ETF (NYSEARCA:JETS) is up 2.82% on the day.
    | Wed, Dec. 7, 3:38 PM | 19 Comments
  • Tue, Dec. 6, 7:04 AM
    • Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), and Copa Holdings (NYSE:CPA) all submitted bids last week to partner with Avianca Holdings (NYSE:AVH), according to The New York Times.
    • The bid from Delta implied a $1.9B, while Copa's merger offered placed Avianca at closer than $2B.
    • A special committee formed by Avianca meets today to consider the offers.
    | Tue, Dec. 6, 7:04 AM | 13 Comments
  • Sat, Dec. 3, 9:03 AM
    • Rather than chase surging stocks at fancy valuations, the team at Barron's looked for laggards when making its picks, writes Andrew Bary.
    • The names, nevertheless, aren't exactly unfamiliar ones: Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Delta Air Lines (NYSE:DAL), Deutsche Telekom (OTCQX:DTEGY), Merck (NYSE:MRK), Novartis (NYSE:NVS), Toll Brothers (NYSE:TOL), Unilever (NYSE:UL), Disney (NYSE:DIS).
    • Eight of these ten are trailing the S&P 500 this year, including the three European stocks (Deutsche Telekom, Novartis, and Unilever), and all of the names except Google sell for less than 20x 2017 estimates.
    • At just 10x earnings, Toll Brothers, Citi, and Delta are better ways to play an improving economy than Caterpillar at nearly 30x.
    • As for the "pricey" Google, it's an example of the Buffett maxim that he'd rather buy a wonderful business at a fair price rather than a fair business at a wonderful price.
    • Barron's top picks for 2016 as a group are trailing the S&P 500 by more than 600 basis points.
    | Sat, Dec. 3, 9:03 AM | 67 Comments
  • Fri, Dec. 2, 9:34 AM
    • Delta Air Lines (DAL +1%reports revenue passenger miles increased 0.3% to 15.6108B in November.
    • Capacity was down 0.7% Y/Y to 18.3666B, driven lower by a 6% drop in international ASMs.
    • November load factor +90 bps to 85.0%. YTD load factor -50 bps to 84.5%.
    • The company says passenger revenue per available seat mile fell 1.0% in November.
    | Fri, Dec. 2, 9:34 AM
  • Thu, Dec. 1, 11:04 AM
    • Pilots at Delta Air Lines (DAL +0.5%approved a new labor contract that will give them a 30% raise in pay spread out over three years.
    • A letter sent by the union indicates that 82% of voting pilots approved the deal.
    | Thu, Dec. 1, 11:04 AM | 51 Comments
  • Mon, Nov. 28, 2:36 PM
    • An American Airlines Group (AAL -1%) jet made the first Miami-to-Havana commercial flight in more than fifty years earlier today.
    • A JetBlue (JBLU -2.6%) flight from NYC's Kennedy airport also made its way to Havana today.
    • Flight into Havana from United Continental (UAL -1.3%), Delta Air Lines (DAL -1.3%), Frontier Airlines, Spirit Airlines (SAVE -1.5%) are also scheduled for this week.
    • Southwest Airlines (LUV +0.1%) and Alaska Air Group (ALK -0.5%) are adding service later on. 
    • The airlines are sticking with their plans to fly into Cuba, despite some uncertainty over President-elect Trump's position on U.S.-Cuba relations.
    | Mon, Nov. 28, 2:36 PM | 6 Comments
  • Fri, Nov. 18, 9:21 AM
    • Citi is piggybacking off of Warren Buffett to turn bullish on several airline stocks.
    • Allegiant Travel (NASDAQ:ALGT), Southwest Airlines (NYSE:LUV), Delta Air Lines (NYSE:DAL) and American Air Group (NASDAQ:AAL) are all fresh Buys at the investment firm on the broad theme that sector consolidation and an improved economy will reap benefits.
    • The big Citi endorsement may be even to give the U.S. Global Jets ETF (NYSEARCA:JETS) a push higher today. The catch-all airline ETF has outperformed the S&P 500 Index YTD, +7.9% vs. +7.4%.
    • Previously: Buffett buys airlines (Nov. 14)
    • Previously: Airline sector on watch after big boost of confidence from Omaha (Nov. 15)
    | Fri, Nov. 18, 9:21 AM | 5 Comments
  • Thu, Nov. 17, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Thu, Nov. 17, 10:57 AM | 3 Comments
  • Tue, Nov. 15, 1:42 PM
    • Consolidation in the airline sector looks like it's going to be great for investors, but downright lousy for travelers.
    • Today, United Continental (UAL +3.3%disclosed that it plans to restrict low-fare customers to a single carry-on bag and not assign their seats until the day of the departure.
    • Delta Air Lines (DAL -0.1%) announced previously similar restrictions on low fare tickets.
    • The carriers hope to upsell customers on the ability to carry on bags and select seats in advance.
    • The move by the two majors is likely to be copied across the sector or free up rivals to institute their own fee hikes. It will be interesting to see how Southwest Airline (LUV +1.7%) reacts - more fees or a marketing blitz?
    • Shares of UAL are up 13% since the election, while Delta is 11% higher.
    • Related ETF: JETS.
    | Tue, Nov. 15, 1:42 PM | 13 Comments
  • Tue, Nov. 15, 7:57 AM
    • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
    • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
    • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
    • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
    • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
    • Related ETF: JETS.
    • Previously: Buffett buys airlines (Nov. 14)
    | Tue, Nov. 15, 7:57 AM | 3 Comments
  • Mon, Nov. 14, 4:48 PM
    • After famously shunning the airline industry for ever, Warren Buffett has jumped in, with Berkshire Hathaway (BRK.A, BRK.B) showing stakes in American Airlines (NASDAQ:AAL), United Continental (NYSE:UAL), and Delta Airlines (NYSE:DAL) as of Sept. 30.
    • It's not on the 13F filing, but CNBC reports Berkshire as also having taken a stake in Southwest Airlines (NYSE:LUV).
    • Buffett's last play in airlines was a $358M preferred stake in U.S. Airways in the late 1980s. He eventually profited, but not before having to ride major losses which soured him on the industry.
    • AAL +3.4%, UAL +1.7%, DAL +2.3%, LUV +3.1% after hours
    • Buffett on the airlines circa 2002: “If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright ... The airline business has been extraordinary. It has eaten up capital over the past century like almost no other business."
    | Mon, Nov. 14, 4:48 PM | 141 Comments
  • Fri, Nov. 11, 7:01 PM
    • Flights at several airlines were grounded today as a computer outage at airline-tech firm Sabre created a glitch in operations.
    • Sabre says the systems were running again by early this afternoon, but didn't identify a cause for the problem.
    • American Airlines (NASDAQ:AAL) said flights were delayed but not canceled, while Southwest (NYSE:LUV) said the outage briefly prevent bookings, ticket changes and use of mobile boarding passes. Alaska (NYSE:ALK) said 15 flights were delayed by up to 15 minutes.
    • The glitch also hit Virgin America (NASDAQ:VA) and JetBlue (NASDAQ:JBLU), but United (NYSE:UAL) said flights were unaffected, and Delta (NYSE:DAL) doesn't use Sabre.
    • Airline stocks generally followed the market's closing lift to gains today, though: AAL +1.5%; LUV +0.5%; ALK +0.4%; VA flat; JBLU +0.3%; UAL +0.5%; DAL +0.9%.
    | Fri, Nov. 11, 7:01 PM | 12 Comments
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Thu, Nov. 3, 1:48 AM
    • Following similar deals with rival airlines, Delta (NYSE:DAL) said customers can earn award miles toward free flights when booking stays with Airbnb (Private:AIRB) just like they currently do with hotels.
    • "Nearly 20% of U.S. travelers, based on our research, have used a home-sharing site like Airbnb," said Henry Harteveldt, founder of travel consultancy Atmosphere Research Group. "Delta recognizes that."
    | Thu, Nov. 3, 1:48 AM