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Delta Air Lines Inc DAL

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Stock XNYS Rating as of
$44.13 +0.66 (1.52%)
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Company Report

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Delta Air Lines Earnings: Solid Margins and a Return to Single-Digit Growth; Fair Value Up Slightly

Nicolas Owens

Delta Air Lines reported second-quarter financial results that were very close to our forecast amid another record summer travel season. Setting expectations for the third quarter, Delta now targets 5%-6% capacity growth compared with the prior year, with revenue growth of 2%-4%, indicating slightly softer revenue yields and supporting our thesis that consumer appetite for travel has begun to normalize.

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Price vs Fair Value

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DAL is trading at a 427% premium.
Price
$44.13
Fair Value
$55.00
Uncertainty
High
1-Star Price
$33.00
5-Star Price
$73.00
Economic Moat
Pcqm
Capital Allocation
Bgcvlgqb

Bulls Say, Bears Say

Bulls

The strategy of providing premium experiences to business travelers has resonated with customers, and Delta generally earns a unit revenue premium relative to peers.

Bears

Business travel recoveries tend to lag economic recoveries, and Delta has high and evolving exposure to the business travel market.

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News

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Trading Information

Previous Close Price
$43.47
Day Range
$43.36–44.28
52-Week Range
$30.60–53.86
Bid/Ask
$44.11 / $44.20
Market Cap
$28.48 Bil
Volume/Avg
8.7 Mil / 8.3 Mil

Key Statistics

Price/Earnings (Normalized)
7.21
Price/Sales
0.47
Dividend Yield (Trailing)
0.91%
Dividend Yield (Forward)
1.36%
Total Yield
0.91%

Company Profile

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 network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Sector
Industrials
Industry
Airlines
Stock Style Box
Mid Value
Total Number of Employees
103,000
Website
https://www.delta.com

Competitors

Valuation

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Metric
DAL
AAL
LUV
Price/Earnings (Normalized)
 7.217.4717.24
Price/Book Value
 2.30—1.56
Price/Sales
 0.470.140.65
Price/Cash Flow
 4.403.8010.64
Price/Earnings
DAL
AAL
LUV

Financial Strength

Metric
DAL
AAL
LUV
Quick Ratio
 0.280.430.97
Current Ratio
 0.400.601.09
Interest Coverage
 8.140.710.74
Quick Ratio
DAL
AAL
LUV

Profitability

Metric
DAL
AAL
LUV
Return on Assets (Normalized)
 5.48%1.06%2.62%
Return on Equity (Normalized)
 39.07%—9.01%
Return on Invested Capital (Normalized)
 12.69%5.22%3.46%
Return on Assets
DAL
AAL
LUV
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Airlines Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Ryanair Holdings PLC ADR
RYAAY
—Gvdctv$18.2 Bil
 Ryanair Holdings PLC
RYAOF
—Cszbmpt$18.2 Bil
 Southwest Airlines Co
LUV
HxqykmsrgVddf$16.3 Bil
 United Airlines Holdings Inc
UAL
RpjpmkmdXzry$15.6 Bil
 Singapore Airlines Ltd
SINGF
—Syf$15.4 Bil
 Singapore Airlines Ltd ADR
SINGY
—Rvjq$15.4 Bil
 Air China Ltd ADR
AIRYY
—Jbzc$13.8 Bil
 LATAM Airlines Group SA ADR
LTM
—Qnjq$7.5 Bil
 American Airlines Group Inc
AAL
PwgbsxjPct$7.0 Bil

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