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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 : US shows support for airline venture between Delta, WestJet

10/23/2020 | 06:14pm EST

WASHINGTON (AP) — The Transportation Department said Friday it has tentatively approved plans by Delta Air Lines and Canada's WestJet to work together in scheduling and setting prices for flights between the U.S. and Canada.

The department plans to grant the airlines immunity from antitrust laws, which would normally prevent competitors from working together so closely. It said the joint venture will increase options for travel between the two countries.

As a condition of approval, the Trump administration proposes that the airlines surrender some of their takeoff and landing rights at New York’s LaGuardia Airport, enough to let other airlines run eight round trips a day. The government also proposes to exclude WestJet's discount carrier Swoop from the deal.

It was not immediately clear whether the government's conditions will be acceptable to the airlines. A WestJet spokeswoman said the airlines are reviewing the proposal and will respond to the Transportation Department. Atlanta-based Delta did not immediately respond to a request for comment.

The joint venture would expand a partnership between the two airlines that goes back several years and includes selling seats on each other's flights. The airlines have said the deal will include new nonstop flights to new destinations and better reciprocal benefits for members of their frequent-flyer programs.

Delta has other joint ventures with foreign airlines including Virgin Atlantic, Korean Air, Air France-KLM and Aeromexico.

The Transportation Department said it will review the Delta-WestJet venture in five years.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Financials (USD)
Sales 2020 16 827 M - -
Net income 2020 -12 356 M - -
Net Debt 2020 18 305 M - -
P/E ratio 2020 -2,10x
Yield 2020 0,98%
Capitalization 26 085 M 26 085 M -
EV / Sales 2020 2,64x
EV / Sales 2021 1,66x
Nbr of Employees 91 000
Free-Float 98,2%
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Technical analysis trends DELTA AIR LINES, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 41,11 $
Last Close Price 41,07 $
Spread / Highest target 31,5%
Spread / Average Target 0,09%
Spread / Lowest Target -27,0%
EPS Revisions
Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
John Laughter Chief Operating Officer & Senior Vice President
Paul A. Jacobson Chief Financial Officer & Executive Vice President
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