Delta Air Lines Inc

DAL-N

NYSE:DAL

56.14
0.26 (0.47%)
Delta Air Lines, Inc. is a major American airline, with its headquarters and largest hub at Hartsfield–Jackson Atlanta International Airport in Atlanta, Georgia.
More at Wikipedia

Analysis and Opinions about DAL-N

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
November 29, 2019
They're doing fine. Consolidation is what made Buffet take a closer look. International routes is where the money is. Earnings beat expectations this past quarter. There is consolidation in the business. The wild card is rising oil prices. If it rises, stock prices will suffer. Dividend growth of 19% so plenty of free cashflow.
Delta Air Lines Inc (DAL-N)
November 29, 2019
They're doing fine. Consolidation is what made Buffet take a closer look. International routes is where the money is. Earnings beat expectations this past quarter. There is consolidation in the business. The wild card is rising oil prices. If it rises, stock prices will suffer. Dividend growth of 19% so plenty of free cashflow.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$57.310
Owned
Unknown
BUY
BUY
November 19, 2019
It's the only airline he owns. But the market is not yet ready to reward airlines with higher valuations. People are worried about recession and a slowdown in travel. He disagrees and thinks we are on the cusp of an improvement.
Delta Air Lines Inc (DAL-N)
November 19, 2019
It's the only airline he owns. But the market is not yet ready to reward airlines with higher valuations. People are worried about recession and a slowdown in travel. He disagrees and thinks we are on the cusp of an improvement.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$57.260
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 4, 2019
(A Top Pick Nov 27/18, Down 7%) He likes their low cost structure. Growth in air traffic from Asia will be big in the years to come and they are well positioned. They will continue to hold it. They do not own any Boeing Max787 planes.
(A Top Pick Nov 27/18, Down 7%) He likes their low cost structure. Growth in air traffic from Asia will be big in the years to come and they are well positioned. They will continue to hold it. They do not own any Boeing Max787 planes.
David Baskin
President, Baskin Wealth Management
Price
$53.810
Owned
Yes
SELL
SELL
July 9, 2019
He's never like airlines or aerospace. Also, it's at the top of its range. Two strikes against it. Sell.
He's never like airlines or aerospace. Also, it's at the top of its range. Two strikes against it. Sell.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$58.960
Owned
Unknown
BUY
BUY
June 24, 2019

He likes the airlines and expects the US economy to expand. The number of US airlines have shrunk a lot, down to four, but they are mispriced to their relationship to loyalty-point cards. Delta signed a deal with AmEx where Delta believes they will have $7 billion in excess cash flow by 2023. That's pretty good. Everybody loves loyalty points to buy seats. It benefit consumers and airlines which have done a great job of upselling. Fuel prices have been a concern, but the oil price has remained low. Even if the economy heads into recession, Delta's balance sheet is lean and mean.

He likes the airlines and expects the US economy to expand. The number of US airlines have shrunk a lot, down to four, but they are mispriced to their relationship to loyalty-point cards. Delta signed a deal with AmEx where Delta believes they will have $7 billion in excess cash flow by 2023. That's pretty good. Everybody loves loyalty points to buy seats. It benefit consumers and airlines which have done a great job of upselling. Fuel prices have been a concern, but the oil price has remained low. Even if the economy heads into recession, Delta's balance sheet is lean and mean.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$56.070
Owned
Yes
BUY
BUY
June 18, 2019
The airlines are a lot smarter now. It's an oligopoly in the U.S. Only a few airlines control the gates at major airports. Flights fly to hubs and not between smaller cities, which is inconvenient for consumers. They also charge consumers for every little thing like peanuts. Also, more people can afford to fly now.
The airlines are a lot smarter now. It's an oligopoly in the U.S. Only a few airlines control the gates at major airports. Flights fly to hubs and not between smaller cities, which is inconvenient for consumers. They also charge consumers for every little thing like peanuts. Also, more people can afford to fly now.
David Baskin
President, Baskin Wealth Management
Price
$56.030
Owned
Unknown
BUY
BUY
May 17, 2019
They make money. They have ordere premium economy seats that will boost revenues. Loves their free cash flow. They signed a new AmEx deal which is another tailwind. The economy remains strong.
They make money. They have ordere premium economy seats that will boost revenues. Loves their free cash flow. They signed a new AmEx deal which is another tailwind. The economy remains strong.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$54.890
Owned
Yes
TOP PICK
TOP PICK
January 25, 2019
Since 2013, they've been raising the dividend. They keep buying back shares. They own their own hub and generate a ton of free cash flow. Delta plans to keep buyin shares. For some reason, the market isn't convinced about Delta. They spend wisely. Huge demand for travel will continue around the world. Oil prices have fallen. He expects 10x earnings. He's excited about this. (Analysts’ price target is $63.67)
Since 2013, they've been raising the dividend. They keep buying back shares. They own their own hub and generate a ton of free cash flow. Delta plans to keep buyin shares. For some reason, the market isn't convinced about Delta. They spend wisely. Huge demand for travel will continue around the world. Oil prices have fallen. He expects 10x earnings. He's excited about this. (Analysts’ price target is $63.67)
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$47.690
Owned
Yes
HOLD
HOLD
January 7, 2019
He was happier when the stock was at $60 a few weeks ago. Reiterated guidance of 2-3% growth this year, but market was hoping they'd benefit more from low price of oil. Stock can do well over $6/EPS as long as oil doesn't run back to $80 and the economy doesn't fall apart. Materially undervalued as a trading opportunity.
He was happier when the stock was at $60 a few weeks ago. Reiterated guidance of 2-3% growth this year, but market was hoping they'd benefit more from low price of oil. Stock can do well over $6/EPS as long as oil doesn't run back to $80 and the economy doesn't fall apart. Materially undervalued as a trading opportunity.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$47.850
Owned
Yes
TOP PICK
TOP PICK
November 27, 2018
Airlines are making money because there's high demand, but no new supply of seats. Airlines control airport gates which is hard for new competitors to come in. Delta is efficient, non-unionized with a fuel surcharge. They're making money. (Analysts’ price target is $67.58)
Delta Air Lines Inc (DAL-N)
November 27, 2018
Airlines are making money because there's high demand, but no new supply of seats. Airlines control airport gates which is hard for new competitors to come in. Delta is efficient, non-unionized with a fuel surcharge. They're making money. (Analysts’ price target is $67.58)
David Baskin
President, Baskin Wealth Management
Price
$58.310
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 20, 2018

(A Top Pick July 18/17 - Up 8%) Oil prices seemed to have stabilized, they are charging 30 dollars now for a checked baggage. They are returning capital. The risk is if the economy falls down. He sees a lot of upside still based on valuations.

Delta Air Lines Inc (DAL-N)
September 20, 2018

(A Top Pick July 18/17 - Up 8%) Oil prices seemed to have stabilized, they are charging 30 dollars now for a checked baggage. They are returning capital. The risk is if the economy falls down. He sees a lot of upside still based on valuations.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$58.130
Owned
Yes
BUY
BUY
July 10, 2018

Is this time different for airlines? They've consolidated and they say they won't fight each other about capacity this time. Delta and the others look pretty good now. But rising oil prices forced Delta to issue guidance to limit expectations. This is trading at 8.5x earnings. He thinks this time is indeed different for the airlines. Delta generates a lot of money from its credit cards (air miles). Good dividend and they're buying back stock.

Is this time different for airlines? They've consolidated and they say they won't fight each other about capacity this time. Delta and the others look pretty good now. But rising oil prices forced Delta to issue guidance to limit expectations. This is trading at 8.5x earnings. He thinks this time is indeed different for the airlines. Delta generates a lot of money from its credit cards (air miles). Good dividend and they're buying back stock.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$50.600
Owned
Unknown
BUY
BUY
February 2, 2018

It's as good as any airline. Good 11% return on invested capital. Now's a good time to buy airlines, despite abysmal longer-time history.

It's as good as any airline. Good 11% return on invested capital. Now's a good time to buy airlines, despite abysmal longer-time history.

Matt Kacur
President, FSA Financial Science and Art
Price
$54.620
Owned
Unknown
HOLD
HOLD
January 12, 2018

Doesn't own any airlines right now. Had looked at Air Canada (AC-T) which had an incredible year last year. You could come up with a million and one issues of why you would never want to own an airline, but at the same time you could make an argument that you are in the sweet spot of a cycle for the airlines.

Doesn't own any airlines right now. Had looked at Air Canada (AC-T) which had an incredible year last year. You could come up with a million and one issues of why you would never want to own an airline, but at the same time you could make an argument that you are in the sweet spot of a cycle for the airlines.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$59.830
Owned
No
TOP PICK
TOP PICK
November 6, 2017

The stock took a hit. She likes it because she is seeing better cash flow than their peers. They really have some exceptional free cash flow yields. They are able to increase their margins. (Analysts’ target: $63.00).

The stock took a hit. She likes it because she is seeing better cash flow than their peers. They really have some exceptional free cash flow yields. They are able to increase their margins. (Analysts’ target: $63.00).

Erin Gibbs
V.P., S&P Global Market Intelligence
Price
$50.570
Owned
Yes
BUY
BUY
September 5, 2017

Transportation stocks have had a kind of bumpy last few months, and have pulled back down, so are more attractive on a valuation perspective. He generally likes airlines. The business has been rationalized as they have "whittled down" to a large handful of players. They seem to be competing less on price, therefore respecting one another’s margins. Labour, etc. seems to have been put in the background. With global economy improving, they are able to keep prices high. This has a PE of less than 10.

Delta Air Lines Inc (DAL-N)
September 5, 2017

Transportation stocks have had a kind of bumpy last few months, and have pulled back down, so are more attractive on a valuation perspective. He generally likes airlines. The business has been rationalized as they have "whittled down" to a large handful of players. They seem to be competing less on price, therefore respecting one another’s margins. Labour, etc. seems to have been put in the background. With global economy improving, they are able to keep prices high. This has a PE of less than 10.

David Dietze
Founder, Pres. & Chief Investment Strategist, Point View Wealth Management
Price
$45.840
Owned
Unknown
TOP PICK
TOP PICK
July 18, 2017

The US airlines have fundamentally transformed themselves. They used to be carefree and footloose with funds. Over the last 4 years they have consolidated, and there are now only 4 major carriers, and have been enormously profitable. This is buying back stock hand over fist. Raised its dividend, and announced a 50% dividend increase for the next quarter. Trading at about 9X earnings. Dividend yield of 1.5%. (Analysts’ price target is $66.)

The US airlines have fundamentally transformed themselves. They used to be carefree and footloose with funds. Over the last 4 years they have consolidated, and there are now only 4 major carriers, and have been enormously profitable. This is buying back stock hand over fist. Raised its dividend, and announced a 50% dividend increase for the next quarter. Trading at about 9X earnings. Dividend yield of 1.5%. (Analysts’ price target is $66.)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$53.960
Owned
Yes
COMMENT
COMMENT
March 8, 2017

Chart shows this is retesting old highs, and that is always bullish.

Chart shows this is retesting old highs, and that is always bullish.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$47.670
Owned
Unknown
BUY
BUY
January 30, 2017

It is another one she likes. They have not been able to add margins, but they were able to add flights so they have one of the better valuations. See Top Picks today.

It is another one she likes. They have not been able to add margins, but they were able to add flights so they have one of the better valuations. See Top Picks today.

Erin Gibbs
V.P., S&P Global Market Intelligence
Price
$47.670
Owned
Yes
COMMENT
COMMENT
December 7, 2016

Doesn’t own any airline stocks. Typically, when airlines start to make enough money, they get into labour issues and have to increase capacity to deal with that. They’ve had a wonderful run and are wonderful trading vehicles, but there’s too much volatility for him.

Doesn’t own any airline stocks. Typically, when airlines start to make enough money, they get into labour issues and have to increase capacity to deal with that. They’ve had a wonderful run and are wonderful trading vehicles, but there’s too much volatility for him.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$51.100
Owned
No
BUY
BUY
December 1, 2016

Boeing (BA-N) or Delta (DAL-N)? This just rebounded off a beautiful price low at 2X Book. The stock is cheap. Its FMV is 85% higher than the current price. He would buy this and forget Boeing.

Boeing (BA-N) or Delta (DAL-N)? This just rebounded off a beautiful price low at 2X Book. The stock is cheap. Its FMV is 85% higher than the current price. He would buy this and forget Boeing.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$47.770
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 28, 2016

(A Top Pick Dec 16/15. Down 5.42%.) A superior operator in terms of an airline, and it has bounced all over the map. Reduced some of his exposure, but of the legacy carriers, this is best of breed. Really good cost control. Higher margins than others. Thinks better times are ahead for the airline industry.

Delta Air Lines Inc (DAL-N)
November 28, 2016

(A Top Pick Dec 16/15. Down 5.42%.) A superior operator in terms of an airline, and it has bounced all over the map. Reduced some of his exposure, but of the legacy carriers, this is best of breed. Really good cost control. Higher margins than others. Thinks better times are ahead for the airline industry.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$48.490
Owned
Yes
COMMENT
COMMENT
November 22, 2016

(Market Call Minute.) Airlines look great.

Delta Air Lines Inc (DAL-N)
November 22, 2016

(Market Call Minute.) Airlines look great.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$48.900
Owned
No
TOP PICK
TOP PICK
December 16, 2015

US has typically had a problem with capacity, so as the economy picks up, all the airlines come out with new planes, brings on too much capacity, and essentially over saturates the market, so margins collapse. Exactly the opposite is happening this cycle. They have been extremely disciplined. As one of the original legacy carriers, this is a very strong name that have cut costs down, has very strong margins with a powerful tailwind of lower fuel prices. Trading at roughly 9X next year’s earnings, so it is extremely cheap.

Delta Air Lines Inc (DAL-N)
December 16, 2015

US has typically had a problem with capacity, so as the economy picks up, all the airlines come out with new planes, brings on too much capacity, and essentially over saturates the market, so margins collapse. Exactly the opposite is happening this cycle. They have been extremely disciplined. As one of the original legacy carriers, this is a very strong name that have cut costs down, has very strong margins with a powerful tailwind of lower fuel prices. Trading at roughly 9X next year’s earnings, so it is extremely cheap.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$52.120
Owned
Yes
COMMENT
COMMENT
February 17, 2015

This airline seems to be performing very well. Have had a lot of cost cuts and significant earnings leverage. Air Canada (AC-T) trades at a big discount to a company like this, and he would favour it over the US airlines. (See Top Picks.)

Delta Air Lines Inc (DAL-N)
February 17, 2015

This airline seems to be performing very well. Have had a lot of cost cuts and significant earnings leverage. Air Canada (AC-T) trades at a big discount to a company like this, and he would favour it over the US airlines. (See Top Picks.)

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$0.620
Owned
Unknown
TOP PICK
TOP PICK
January 5, 2015

About 2/3rds hedged in oil that ends at the end of this year. They have not massively added to supply which has been the killer for the industry.

About 2/3rds hedged in oil that ends at the end of this year. They have not massively added to supply which has been the killer for the industry.

Peter Mann
Portfolio Manager, Gluskin Scheff & Assoc.
Price
$0.620
Owned
Yes
COMMENT
COMMENT
November 17, 2014

PE ratio of about 10X, which is cheaper than some of the other airlines. All of the airlines are benefiting from the US industry consolidation. This gives them pricing power, such as checked bags charges, etc. Even at 10X, it is still an attractive industry, but he doesn't think this would be his 1st choice. His preference would be United Airlines (UAL-N), which he feels is a better run business and one you can count on doing better over the next 2-3 years.

Delta Air Lines Inc (DAL-N)
November 17, 2014

PE ratio of about 10X, which is cheaper than some of the other airlines. All of the airlines are benefiting from the US industry consolidation. This gives them pricing power, such as checked bags charges, etc. Even at 10X, it is still an attractive industry, but he doesn't think this would be his 1st choice. His preference would be United Airlines (UAL-N), which he feels is a better run business and one you can count on doing better over the next 2-3 years.

John Wilson
CEO; Co-CIO & Sr Portfolio Manager, Sprott Asset Management
Price
$0.620
Owned
No
HOLD
HOLD
October 6, 2014

He is not too fond of airlines in general. However, this one got a bit of good news today in that their bonds are gaining on the credit side in terms of their rating. Airlines typically are high fixed costs, so in times of trouble they don’t do well. However, all of them seem to have been doing well. If you do see a correction, airline stocks will come off quickly.

He is not too fond of airlines in general. However, this one got a bit of good news today in that their bonds are gaining on the credit side in terms of their rating. Airlines typically are high fixed costs, so in times of trouble they don’t do well. However, all of them seem to have been doing well. If you do see a correction, airline stocks will come off quickly.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$0.620
Owned
No
PAST TOP PICK
PAST TOP PICK
August 13, 2014

(A Top Pick Aug 29/13. Up 91.33%.) The industry had gone through bankruptcy, and through that process had managed to rebalance their cost structures, notably their union contracts. They all got financial discipline finally and got pricing power.

(A Top Pick Aug 29/13. Up 91.33%.) The industry had gone through bankruptcy, and through that process had managed to rebalance their cost structures, notably their union contracts. They all got financial discipline finally and got pricing power.

John Wilson
CEO; Co-CIO & Sr Portfolio Manager, Sprott Asset Management
Price
$0.620
Owned
No
TOP PICK
TOP PICK
August 29, 2013

Up until two years ago the entire earnings of the industry was negative. AMR is the latest bankruptcy. Now they have consolidated. Margin is being helped by charges for checked baggage and changes.

Up until two years ago the entire earnings of the industry was negative. AMR is the latest bankruptcy. Now they have consolidated. Margin is being helped by charges for checked baggage and changes.

John Wilson
CEO; Co-CIO & Sr Portfolio Manager, Sprott Asset Management
Price
$0.620
Owned
Yes
HOLD
HOLD
May 3, 2013

The angle of ascent has been steep. Corrections are fairly sharp. Thinks they will continue to experience upside but not without the sharp corrections. Don’t panic too much. Look for a hook down in momentum indicators to exit.

The angle of ascent has been steep. Corrections are fairly sharp. Thinks they will continue to experience upside but not without the sharp corrections. Don’t panic too much. Look for a hook down in momentum indicators to exit.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$0.620
Owned
Unknown
DON'T BUY
DON'T BUY
May 7, 2008
High cost of jet fuel has a significant impact on airlines. Airline industry in the US is undergoing consolidation right now because it is in big trouble.
High cost of jet fuel has a significant impact on airlines. Airline industry in the US is undergoing consolidation right now because it is in big trouble.
Paul Thornton
President, Investor Boot Camp Online
Price
$0.620
Owned
No
DON'T BUY
DON'T BUY
April 22, 2008
There apparently is going to be a merger but the biggest problem will be a cultural one between the pilots. Airlines have a host of problems including the high cost of fuel but demand is rising and load factors are going up. Wouldn't be a buyer of this.
There apparently is going to be a merger but the biggest problem will be a cultural one between the pilots. Airlines have a host of problems including the high cost of fuel but demand is rising and load factors are going up. Wouldn't be a buyer of this.
David Baskin
President, Baskin Wealth Management
Price
$0.620
Owned
No
DON'T BUY
DON'T BUY
September 6, 2005
Airlines have been scary for a while, but are recovering a bit but are now back in the same boat with sky high jet fuel prices. They only own one stock in the sector (Air France AKH-N) and he is a little bit nervous about it, but it has been doing pretty well because they've been hedging their fuel prices. Maneuvering room is extremely limited.
Delta Air Lines Inc (DAL-N)
September 6, 2005
Airlines have been scary for a while, but are recovering a bit but are now back in the same boat with sky high jet fuel prices. They only own one stock in the sector (Air France AKH-N) and he is a little bit nervous about it, but it has been doing pretty well because they've been hedging their fuel prices. Maneuvering room is extremely limited.
Ben Stadelmann
Vice President, Contra the Heard
Price
$1.120
Owned
No
DON'T BUY
DON'T BUY
August 31, 2005
In tough straits. The price of fuel is their problem as refining capacity is extremely tight. Can see them under increasing pressures, even if they raise prices. May have a tough time staving off bankruptcy.
In tough straits. The price of fuel is their problem as refining capacity is extremely tight. Can see them under increasing pressures, even if they raise prices. May have a tough time staving off bankruptcy.
Brad Willock
Vice President and Senior Portfolio Manager, RBC Asset Management
Price
$1.160
Owned
No
DON'T BUY
DON'T BUY
October 7, 2004
Model price is substantially below its current price. No earnings.
Model price is substantially below its current price. No earnings.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$3.450
Owned
No
DON'T BUY
DON'T BUY
September 10, 2004
Have value, but no earnings. If US Air goes into bankruptcy, it will put a lot of pressure on the major airlines. Will have a tough year.
Delta Air Lines Inc (DAL-N)
September 10, 2004
Have value, but no earnings. If US Air goes into bankruptcy, it will put a lot of pressure on the major airlines. Will have a tough year.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$3.820
Owned
No
DON'T BUY
DON'T BUY
August 13, 2004
Has had a rough ride. Expect it will be going into Chapter 11 sometime. Have high fixed costs such as oil and unions.
Has had a rough ride. Expect it will be going into Chapter 11 sometime. Have high fixed costs such as oil and unions.
Brad Willock
Vice President and Senior Portfolio Manager, RBC Asset Management
Price
$3.410
Owned
No
DON'T BUY
DON'T BUY
July 20, 2004
A difficult business to get any kind of pricing power. Instead of airlines, concentrate on niche players such as Transat.
A difficult business to get any kind of pricing power. Instead of airlines, concentrate on niche players such as Transat.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$5.400
Owned
No
DON'T BUY
DON'T BUY
March 9, 2004
A lot of value portfolio managers are starting to look at this airline. The high price of oil is a factor that could put earnings in the red.
A lot of value portfolio managers are starting to look at this airline. The high price of oil is a factor that could put earnings in the red.
Kyle McKay
Portfolio Manager, Leeward Hedge Funds
Price
$8.880
Owned
No
DON'T BUY
DON'T BUY
February 19, 2004
Generally are cautious on airlines. They have a tremendous amount of debt and very little equity value.
Delta Air Lines Inc (DAL-N)
February 19, 2004
Generally are cautious on airlines. They have a tremendous amount of debt and very little equity value.
Matt Barasch
US Portfolio Advisor, RBC Asset Management
Price
$9.600
Owned
No
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