Quote Overview

Stock Activity

Open	53.43
Day Low	52.94
Day High	53.22
52 Wk Low	30.60
52 Wk High	53.86
Avg. Volume	9,413,386
Market Cap	33.91 B
Dividend	0.40 ( 0.75%)
Beta	1.38

Key Earnings Data

Earnings ESP	2.56%
Most Accurate Est	2.47
Current Qtr Est	2.40
Current Yr Est	6.66
Exp Earnings Date	7/11/24
Prior Year EPS	6.25
Exp EPS Growth (3-5yr) 10.27%
Forward PE	7.96
PEG Ratio	0.78

Transportation » Transportation - Airline

Research Reports for DAL

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Style Scores A Value C Growth B Momentum A VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Bottom 36%(162 out of 252)
Zacks Sector Rank	Bottom 25% (12 out of 16)
Earnings ESP	2.56%
Research Reports for DAL Analyst \| Snapshot

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Premium Research: Industry Analysis

Top Peers	Symbol	Zacks Rank
Delta Air Lines	DAL
International Consolidated Airlines Group	ICAGY
SkyWest	SKYW
Alaska Air Group	ALK
Copa Holdings	CPA
Ryanair	RYAAY
Swire Pacific	SWRAY

See all Transportation - Airline Peers

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Company Summary

Delta Air Lines is one of the four carriers that controls majority of the US aviation market (the carriers account for more than 60% of the domestic market share). This development followed a spate of mergers in the industry during the early part of this century.

Delta, the second airline company to have joined the coveted S&P 500 Index, commands more than 17% share of the domestic market. Bulk of this Atlanta-GA based carrier’s revenues are recognized from its airline segment. Evidently, 94.2% of the $58.05-billion amount generated in 2023 came from this unit. Balance is represented by the refinery segment, which operates for the benefit of the airline division by providing it with jet fuel from its own production and agreements with third parties.

With air-travel demand buoyant, passenger revenues increased 22% year over year in 2023 to $48.9 billion. Passenger revenues accounted for the bulk (84.2%) of the top line in 2023. Cargo revenues contributed 1.2% while the rest came from other sources.

Passenger revenues come from three sources, such as ticket sales, loyalty travel awards and travel-related services. In 2023, 89.1% of passenger revenues were recorded from ticket sales. Loyalty travel awards and travel-related services reflected 7.1% and 3.8% of passenger revenues, respectively, in 2023.

Geographically, passenger revenues are generated by domestic operations apart from international operations in the Atlantic, Latin America and the Pacific region. In 2023, 69.5% of passenger revenues was derived from domestic activities. Domestic passenger revenues increased 12% year over year in 2023.

Delta's international operations were up significantly on a year-over-year basis in 2023. Operations in the Atlantic, Latin American and the Pacific regions accounted for 18.5%, 7.6% and 4.4% of 2023’s passenger revenues, respectively.

The removal of COVID-19- related restrictions buoyed air-travel. Delta has hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle and Seoul-Incheon. As of Dec 31, 2023, Delta's fleet included roughly 1,273 aircraft. Delta aims to retire certain planes. The new jets are 25% more fuel-efficient on an average per seat mile.

The company's fiscal year coincides with the calendar year.