The year-to-date on-time arrival rate for 2023 is 76.9. Assuming the company earns the 33 cents estimates, this would mark Delta’s fourth consecutive quarterly profit in almost two years. In March 2023, reporting marketing carriers posted an on-time arrival rate of 75.4, down from both the rate of 79.4 in February 2023 and from the rate of 77.2 in March 2022. Notably, for the quarter, revenue is expected to grow near 30%. With full-year revenue projected to rise close to 20%, comparatively Delta is still operating with the benefit of easier year-over-year metrics. For the full year, ending in December, earnings are projected to be $5.35 per share, rising from $3.20 a year ago, while full-year revenue of $53.84 billion would rise 18% year over year. This compares to the year-ago quarter when the loss came to $1.23 per share on $8.16 billion in revenue. Currently trading at around $33 per share, the stock is priced more than 36% below its consensus 12-month price target of $52, making Delta a solid buying opportunity given that the company is expected to earn low double-digit operating margins for 2024.įor the three months that ended March, analysts expect Atlanta-based transportation giant to earn 33 cents per share on revenue of $12.05 billion. As such, Delta remains one of the better bargains in transportation stocks. During the JPMorgan Industrial Conference held on March 14, Delta management noted their "demand is getting stronger.” Adding, "in the last 30 days, we've had the 10 highest sales days in our company's history.”Īhead of the Q1 earnings report on Thursday, the company is expected to benefit from revenue increases from international travel, where it has reported a gradual recovery, especially in Latin America and Transatlantic routes. More gains are in the horizon given that the airline industry is expected to see a strong travel demand for 2023. Amid the turbulence, Delta Airlines is still on the rise, with the stock gaining 2.5% year to date and 10% over the past six months. We fly American Airlines to the British West Indies every year and it is delightful.Analyst Andrew Didora cited the weakness to a higher seat pricing, though the firm indicated that volume actually showed a modest improvement. We got stuck with this because of wedding/time restrictions. Bottom line I will fly anyone but Delta in the future. Those are added rows to cram more pax like folded up card tables onto the plane. To add insult to injury, both trips we were given seats in the last 2 rows, practically in the lavatory, with no window, and plenty of urine stench. Extreme Weather: Significant meteorological conditions (actual or forecasted) that. maintenance or crew problems, aircraft cleaning, baggage loading, fueling, etc.). News flash, Delta: economy class supports your airline, pays your bills. The airlines report the causes of delays in five broad categories: Air Carrier: The cause of the cancellation or delay was due to circumstances within the airlines control (e.g. They encourage everyone above coach class to please choose their seat assignment. Even the wording from Delta on the online check in page is degrading. We paid almost $1,000.00 to fly round trip in 2 days, only to feel like herded cattle at the gate area, waiting for a seat assignment. My question is this: Why does Delta now NOT allow economy pax seat assignments until they arrive at the gate area? They did not originate as a low cost carrier, but they are sure acting like one. May I first say every Delta employee was exemplary, even the captain introducing himself at the gate area. on-time performance, and other aspects of customer service. My daughter and I recently flew Delta from Hartford, CT to Detroit, MI in economy class. United Airlines, for instance, launched a marketing campaign that targeted business fliers.
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