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Delta Air Lines Inc DAL

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

We’re Raising Delta’s FVE to $43 and Think It Offers Value for Investors With Strong Stomachs

Burkett Huey, CFA Equity Analyst

Analyst Note

| Burkett Huey, CFA |

No-moat rated Delta reported a difficult third quarter as the ongoing pandemic continues to fundamentally challenge the firm’s business model. Delta performed somewhat better than expected, however, and we are modestly raising our fair value to $43 per share from $42.50 after adjusting our model for quarterly results. We see the stock as the best value in our U.S. airline coverage.

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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 in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta's sale of frequent flyer miles, particularly to American Express, is a major driver of the firm's profits.

Contact
Post Office Box 20706
Atlanta, GA, 30320-6001
T +1 404 715-2600
Sector Industrials
Industry Airlines
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 91,000

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