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MarketScreener Homepage  >  Equities  >  Nyse  >  Delta Air Lines, Inc.    DAL

DELTA AIR LINES, INC.

(DAL)
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Delta Air Lines : Will Charter Planes for Cargo Market

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03/16/2020 | 02:32pm EDT

By Paul Page

 

Delta Air Lines Inc. is offering some of its idled passenger aircraft to the cargo charter market, as the carrier seeks new revenue sources after pulling down a swath of flights because of plummeting travel demand.

The airline will make available jets at 13 U.S. airports and 70 sites outside the country "to provide the support our customers tell us they need during this unprecedented business environment."

Delta said last week that it is cutting about 40% of its flights over the next few months, joining an array of airlines that are pulling back operations as governments restrict travel and customer demand falls amid the coronavirus pandemic.

The steep decline in passenger flights has reduced the capacity in aircraft bellies that freight-shipping companies use to move goods around the world. The squeeze on flights has pushed more shipments freighter operators but industry executives say those carriers have limited capability to handle the goods and that airfreight rates have been soaring as a result.

 

Stocks mentioned in the article
ChangeLast1st jan.
DELTA AIR LINES, INC. 13.73% 32.38 Delayed Quote.-44.63%
WORLD CO., LTD. 0.12% 1630 End-of-day quote.-39.43%
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Financials (USD)
Sales 2020 21 453 M - -
Net income 2020 -4 484 M - -
Net Debt 2020 15 726 M - -
P/E ratio 2020 -5,13x
Yield 2020 0,97%
Capitalization 20 568 M 20 568 M -
EV / Sales 2019
EV / Sales 2020 1,69x
Nbr of Employees 91 000
Free-Float 98,1%
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Technical analysis trends DELTA AIR LINES, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 35,26 $
Last Close Price 32,38 $
Spread / Highest target 45,2%
Spread / Average Target 8,91%
Spread / Lowest Target -35,1%
EPS Revisions
Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
Wayne Gilbert West Chief Operating Officer & Senior Executive VP
Paul A. Jacobson Chief Financial Officer & Executive Vice President
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