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Delta Air Lines Inc - Stock Quote DAL

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Morningstar's Delta Air Lines Inc Stock Analysis

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Is it the right time to buy or sell?

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We Think Delta Is the Highest Quality Legacy Airline

Burkett Huey, CFA Equity Analyst

Business Strategy and Outlook

| Burkett Huey, CFA |

We think Delta is the highest-quality legacy carrier because it has been able to attract high-yielding business travelers through its product segmentation and credit card partnerships, primarily with American Express. Delta’s five-cabin segmentation strategy allows high-spending travelers to purchase premium options when they are able to. Frequently, business travelers use miles from a cobranded credit card to upgrade flights when their company is unwilling to pay a premium price. American Express pays top dollar for the miles given to these business travelers, as Delta-cobranded cards alone account for about a fifth of American Express’ loan book. We’re confident that Delta can continue expanding this higher-margin business after the pandemic.

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Delta Air Lines Inc's Company Profile

Business Description

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta’s sale of frequent flier miles, particularly to American Express, is a major driver of the firm’s profits.

Post Office Box 20706
Atlanta, GA, 30320-6001
T +1 404 715-2600
Industry Airlines
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 83,000

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